Tyler Technologies, Inc. logo TYL - Tyler Technologies, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 25
HOLD 12
SELL 0
STRONG
SELL
0
| PRICE TARGET: $453.45 DETAILS
HIGH: $550.00
LOW: $360.00
MEDIAN: $450.00
CONSENSUS: $453.45
UPSIDE: 44.76%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Moderate
Trading 27.9% below fair value
Current Price $313.25
Bear Case $273.71 12.6% downside ($273.71 - $313.25) / $313.25 = -12.6% 10% stage 1 growth, 11% discount
Fair Value $434.56 38.7% upside ($434.56 - $313.25) / $313.25 = 38.7% 16% stage 1 growth, 11% discount
Bull Case $617.63 97.2% upside ($617.63 - $313.25) / $313.25 = 97.2% 21% stage 1 growth, 11% discount

Adjust Assumptions

15.9%
11.0%
3.0%

Key Value Driver

FCF growth rate (16% base case)

Terminal Value % of EV 43%
Implied Market Multiple 24.4x

Plain-Language Summary

Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $453.45 from 37 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $434.56 per share.

Warnings

Stock-based employee pay equals 48% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions