Hansen Technologies (ASX: HSN) $3.22
HSN -3.88: Reported a mixed FY26 result yesterday, with guidance that was ~10% below consensus + they announced long standing CEO Andrew Hanson was stepping down as CEO.
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Undervalued
Morningstar Quantitative Rating as of 6 NOV 2026.
Quantitative Equity Rating Methodology – view here
Five-star price 4.23 Fair value 4.70 One-star price 5.22
Morningstar Quantitative Rating as of 6 NOV 2026.
Morningstar Quantitative Rating as of 6 NOV 2026. The slider runs from the five-star price (4.23) to the one-star price (5.22).
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
| Price - closing or last bid | 3.61 |
| Price - 12 month high | 6.17 |
| Price - 12 month low | 2.95 |
| Pricing date | 5 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 0.56 |
| Market capitalization | 740.20 |
| 12 Month High price date | 13 NOV 2025 |
| 12 Month Low price date | 29 SEP 2026 |
| Volume - avg. trading volume for the last 3 months | 1.14 |
| Price - 1 Day % Change | -1.90% |
| Price - 13 week price percent change | -20.13% |
| Price - 26 week price percent change | -24.79% |
| Price - 5 Day % Change | 1.98% |
| Price - 52 week price percent change | -35.99% |
| Price - YTD price percent change | -31.63% |
| Price % Change Month To Date | 10.40% |
| EPS excluding extraordinary items - most recent fiscal year | 0.231 |
| EPS excluding extraordinary items - trailing 12 month | 0.231 |
| EPS Normalized - most recent fiscal year | 0.319 |
| Revenue/share - most recent fiscal year | 1.869 |
| Revenue/share - trailing 12 month | 1.869 |
| Book value per share - most recent fiscal year | 1.876 |
| Book value per share - most recent half-year | 1.876 |
| Book value (tangible) per share - most recent fiscal year | -0.101 |
| Book value (tangible) per share - most recent half-year | -0.101 |
| Cash per share - most recent fiscal year | 0.268 |
| Cash per share - most recent half-year | 0.268 |
| Cash Flow per share - most recent fiscal year | 0.534 |
| Cash Flow per share - trailing 12 month | 0.534 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.100 |
| EBITD per share - trailing 12 month | 0.356 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.234 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.234 |
| EPS including extraordinary items - most recent fiscal year | 0.234 |
| EPS including extraordinary items - trailing 12 month | 0.234 |
| Free Cash Flow per share - trailing 12 month | 0.461 |
| P/E excluding extraordinary items, most recent fiscal year | 15.63 |
| P/E Normalized, most recent fiscal year | 11.32 |
| Price to sales - most recent fiscal year | 1.93 |
| Price to Tangible Book - most fiscal year | — |
| Price to Free Cash Flow per Share - most recent fiscal year | 7.83 |
| Price to Cash Flow per share - trailing 12 month | 6.76 |
| Price to Book - most recent fiscal year | 1.92 |
| P/E excluding extraordinary items high, trailing 12 months | 29.38 |
| P/E excluding extraordinary items low, trailing 12 months | 12.52 |
| Net Debt, LFI | 69.02 |
| Net Debt, LFY | 33.32 |
| Dividend Yield - 5 Year Average | 2.08% |
| Dividend Yield - indicated annual dividend divided by closing price | 2.84% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 2.77% |
| Free Cash Flow - most recent fiscal year | 95.30 |
| LT debt/equity - most recent fiscal year | 21.76% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 22.97% |
| LT debt/equity - most recent half-year | 31.44% |
| Total debt/total equity - most recent half-year | 32.69% |
| Free Cash Flow - trailing 12 month | 95.30 |
| Payout ratio - trailing 12 month | — |
| Revenue - most recent fiscal year | 386.49 |
| Revenue - trailing 12 month | 386.49 |
| EBITD - most recent fiscal year | 73.56 |
| EBITD - trailing 12 month | 73.56 |
| Earnings before taxes - most recent fiscal year | 62.68 |
| Earnings before taxes - trailing 12 month | 62.68 |
| Net Income available to common - most recent fiscal year | 47.76 |
| Net Income available to common - trailing 12 months | 47.76 |
| Earnings before taxes Normalized - most recent fiscal year | 63.46 |
| Net Income Available to Common, Normalized - most recent fiscal year | 65.95 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.32 |
| Net Profit Margin % - 1st historical fiscal year | 12.36% |
| Net Profit Margin % - trailing 12 month | 12.36% |
| Operating margin - 1st historical fiscal year | 17.18% |
| Operating margin - trailing 12 month | 17.18% |
| Pretax margin - trailing 12 month | 16.22% |
| Pretax margin - 1st historical fiscal year | 16.22% |
| Operating Margin - 5 year average | 15.03% |
| Pretax Margin - 5 year average | 14.66% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 17.68% |
| Free Operating Cash Flow/Revenue, TTM | 24.66% |
| Net Profit Margin - 5 year average | 11.45% |
| Return on average assets - most recent fiscal year | 7.66% |
| Return on average assets - trailing 12 month | 7.66% |
| Return on average equity - most recent fiscal year | 12.50% |
| Return on average equity - trailing 12 month | 12.50% |
| Return on average assets - 5 year average | 7.28% |
| Return on average equity - 5 year average | 12.26% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
| Revenue growth rate, 5 year | 4.66% |
| EPS growth rate, 5 year | -4.11% |
| Growth rate% - dividend, 3 year | 0.00% |
| Revenue/share (5 yr growth) | 4.09% |
| Growth rate% - Revenue, 3 year | 7.42% |
| Growth rate% - EPS, 3 year | 3.56% |
| Book value per share growth rate, 5 year | 5.38% |
| Capital Spending growth rate, 5 year | -2.36% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | -8.79% |
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | 2029 | |||||
| Estimate breakdown | ||||||||
Financials (AUD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
HSN -3.88: Reported a mixed FY26 result yesterday, with guidance that was ~10% below consensus + they announced long standing CEO Andrew Hanson was stepping down as CEO.
Looks a solid result from HSN this morning, highlighting the benefits of its recurring revenue base, tighter cost control and improving operating leverage – while we also got a good sense of how they are approaching AI, and they’re a good example of what we want to be seeing from the software stocks we own.
We continue to own Hansen Technologies (HSN) in the Emerging Companies Portfolio, and in line with recent selling in tech, the share price has been under pressure since peaking at $6.49 in September, now down nearly 20%. As a refresher, HSN develops and licenses billing & customer management software for utilities (energy, water) and telcos.
HSN +10.88%: Provided a trading update today, highlighting improving earnings amid a mildly softer headline revenue number.
HSN –4.58% announced 1H25 results and outlook with key metrics toward the top end of guidance and FY25 targets reiterated;
We are making several changes to the Emerging Companies Portfolio.
The technology provider that underpins billing for key services like electricity, gas & pay TV has sat on our hitlist for the Emerging Companies Portfolio for some time now, though the share price has been ebbing and flowing between $4 & $6, with no specific catalyst to see it push out of that range.
HSN -8.59%: a strong 1H for the billings software business but guidance weighed and shares were weaker as a result. Operating revenue grew to $168m, around a 5% beat while EBITDA of $52m was marginally ahead of consensus. Hansen’s latest acquisition, powercloud, helped support the top line, however, it looks to be weighing on the groups margin outlook near term. Hansen also left distribution guidance unchanged where the market was looking for an upgrade despite its strong balance sheet.
The technology provider that underpins billing for key services like electricity and gas has sat on our hitlist for the Emerging Companies Portfolio since February, and we continue to like the story.
HSN -3.93%: the utility billing software company reported HY numbers, coming in largely in line with expectations with shares trading lower with the weaker technology sector today. Revenue was flat and in line with consensus at $149m while EBITDA fell 17%, slightly below expectations.
MM is bullish HSN ~$3.20
MM is cautiously bullish HSN ~$4.40
MM reiterates our bullish stance towards HSN ~$5.30
MM remains long and bullish HSN
MM remains long & bullish HSN
MM remains long & bullish HSN
MM are buying HSN in the Emerging Companies Portfolio, allocating 4% around $5.50
MM is bullish on HSN
MM is neutral HSN for now
MM remains bullish HSN ~$5.40
Hansen is a technology company providing software and services to the energy and utilities, and communications sectors throughout the developed world. Hansen's products primarily relate to billings and adjacent functions, such as customer quotes, order capture, customer data management, and customer service. Additionally, Hansen has products assisting companies with developing new products, fulfilling orders, and managing various other operational processes.
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