TYL TYL

Name: TYL Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 7, 2026

Price at analysis: $335.61

Crucible Score

59.3

C+

Quality × Value Composite

KQI — Quality

64.6

B-

Fundamental Quality Index

KVI — Value

52.7

C-

Valuation Attractiveness Index

Crucible Verdict — TYL

TYL trades at a 14% discount to fair value despite solid operational metrics across most dimensions. The company shows strong management effectiveness and market positioning, with 92% performance-based compensation aligning interests and a 71% earnings beat rate demonstrating execution consistency. The primary weakness lies in diversification and resilience, suggesting vulnerability to sector-specific headwinds that could pressure the valuation gap.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

65.0

Growth Profile

64.3

Moat Durability

66.0

Management Effectiveness

66.0

Diversification & Resilience

47.2

Market Position

68.0

Weakest dimension: Diversification & Resilience (47.2)

◆ KVI Value Dimensions

DCF Margin of Safety

62.7

FCF Yield & Cash Returns

38.3

Relative Valuation

45.7

Growth-Adjusted Value

36.3

Historical Valuation

94.5

Macro Context

46.7

◆ DCF Valuation Scenarios

Bear Case

$248.52

Base Case

$382.14

Bull Case

$558.73

Price at Analysis

$335.61

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$248.52	7.0%	18.0%	9.8%
🟢 Base	$382.14	10.0%	21.0%	9.2%
🟢 Bull	$558.73	13.0%	24.0%	8.6%

Key Assumptions: TYL has demonstrated strong revenue growth (~10% CAGR over 5 years) with improving FCF conversion as capex intensity declined to under 1% of revenue. Operating margins have expanded from ~13% to ~15% reflecting SaaS transition benefits and operating leverage. Tax rate normalized at 16% given historical variability; WACC uses 5.5% ERP given TYL's defensive government software positioning with beta of 0.92, yielding base WACC of 9.2%.

◆ Financial Snapshot

Profitability

Gross Margin44.7%

Operating Margin15.3%

Net Margin13.5%

ROIC6.4%

ROE9.1%

Balance Sheet

Balance SheetCR: 1.05

Cash ConversionFCF/EPS: 2.02x

Capital IntensityCapex/Rev: 0.7%

Altman Z-Score5.16 (Safe)

Piotroski F-Score6/9 (Good)

Growth

Revenue CAGR10.0% CAGR

Earnings CAGR18.2% CAGR

Growth ConsistencyCV: 0.79

Segment Breadth1/3 growing (33%)

Quarterly TrendRev↘+6%, Margin↓↓

Earnings CredibilityTends to Beat

◆ Analyst Consensus & Leadership

Leadership & Governance

CEO Ownership1.1%

Compensation92% performance-based

Insider ActivityBuying

Capital AllocationROIC 6.4% vs WACC 0.6%

Earnings Beat Rate71% (14/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 7, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.