We view Tyler Technologies as the clear leader in a sleepy and underserved public service software niche market. We believe there is a decadelong runway for normalized top-line growth near 10% at Tyler, especially as demand for SaaS accelerates and the need to modernize local governments’ legacy enterprise resource planning systems intensifies.
Tyler is the runaway market leader seeking to upgrade a large and underserved local government and related public institution market that we believe is ripe for modernization.
Despite Tyler's recent success, its revenue growth has been pressured by the organic transition to a subscription model, so expansion appears subdued.
|
Metric
|
TYL
|
ORCL
|
MSFT
|
|---|---|---|---|
Price/Earnings (Normalized) | 28.03 | 17.09 | 30.54 |
Price/Book Value | 4.45 | 6.75 | 8.61 |
Price/Sales | 5.81 | 5.65 | 11.52 |
Price/Cash Flow | 19.82 | 13.29 | 20.35 |
|
Metric
|
TYL
|
ORCL
|
MSFT
|
|---|---|---|---|
Quick Ratio | 1.47 | 1.02 | 0.93 |
Current Ratio | 1.55 | 1.17 | 1.23 |
Interest Coverage | 65.28 | 5.07 | 54.30 |
|
Metric
|
TYL
|
ORCL
|
MSFT
|
|---|---|---|---|
Return on Assets (Normalized) | 9.36% | 9.91% | 20.85% |
Return on Equity (Normalized) | 14.48% | 63.39% | 35.98% |
Return on Invested Capital (Normalized) | 12.23% | 15.17% | 31.25% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| SAP SE ADR
SAP
| LOCK|f$KlVKS | LOCK|Z^ | $244B | |||
| Salesforce Inc
CRM
| LOCK|v%rkv? | LOCK|<%%c& | $195B | |||
| Shopify Inc Registered Shs -A- Subord Vtg
SHOP
| LOCK|xTr$rL | LOCK|B>?g^ | $192B | |||
| ServiceNow Inc
NOW
| LOCK|BQryV!m | LOCK|Fnxk | $142B | |||
| Uber Technologies Inc
UBER
| LOCK|>!bFvR | LOCK|gZf!Y | $139B | |||
| Snowflake Inc Ordinary Shares
SNOW
| LOCK|!hd!VqF | LOCK|^Bp | $121B | |||
| Automatic Data Processing Inc
ADP
| LOCK|D>DX$N@ | LOCK|$T^^q | $105B | |||
| Datadog Inc Class A
DDOG
| LOCK|v!PlZc$ | LOCK|z> | $99B | |||
| Cadence Design Systems Inc
CDNS
| LOCK|pw<mYBl | LOCK|!l | $97B | |||
| Adobe Inc
ADBE
| LOCK|wD>kh@n | LOCK|>#@HJ | $94B |
United States