Objective Corporation Limited (OCL) AI Stock Analysis

• Market Cap: AU$1.77B
• Dividend Yield: 1.23%
• Average Volume (3M): 112.14K
• Price to Earnings (P/E): 49.9
• Beta (1Y): 0.80
• Revenue Growth: 5.11%
• EPS Growth: 12.91%
• Country: AU
• Employees: 400
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.20
• Shares Outstanding: 95,671,250
• 10 Day Avg. Volume: 45,051
• 30 Day Avg. Volume: 112,135
• PEG Ratio: 4.32
• Price to Book (P/B): 17.47
• Price to Sales (P/S): 15.02
• P/FCF Ratio: 40.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$23.10
• Price Target Upside: 29.12% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: AU$20.50 ▲(14.59% Upside)

Objective Corporation Limited's strong financial performance is offset by weak technical indicators and high valuation. The company's profitability and low leverage are positive, but the stock's bearish momentum and overvaluation present risks. Investors should monitor future growth strategies and market conditions closely.

Positive Factors

Strong Profit Margins

High profit margins indicate efficient cost management and strong pricing power, contributing to sustained profitability and competitive advantage.

Solid Balance Sheet

A low debt-to-equity ratio suggests financial stability and flexibility, reducing risk and providing a buffer against economic downturns.

Recurring Revenue Model

A subscription-based revenue model ensures predictable cash flow, enhancing financial stability and supporting long-term growth strategies.

Negative Factors

Slowing Revenue Growth

Slowing revenue growth may indicate market saturation or increased competition, potentially impacting future expansion and profitability.

Decline in Free Cash Flow Growth

A decline in free cash flow growth can affect liquidity and limit the company's ability to invest in growth opportunities or weather financial challenges.

Revenue Concentration Risk

Heavy reliance on government contracts may expose the company to regulatory changes and budget cuts, impacting revenue stability.

Objective Corporation Limited Business Overview & Revenue Model

Company Description

Objective Corporation Limited, together with its subsidiaries, supplies information technology software and services in Australia, the United Kingdom, New Zealand, and internationally. It offers Objective 3Sixty to discover, organize, and manage enterprise information; Objective Nexus, a SaaS based solution providing records compliance, enterprise scale information management, and process automation; Objective Inform, which provides document management, records management, office 365, SharePoint governance, reporting insights, and drawings management solutions; Objective Perform to streamline and automate content-driven processes; Objective ECM, an information management and process automation solution; Objective Connect, a secure external file sharing application; Objective Redact, a redaction software for security for conscious organizations; and Objective GOV365. The company also provides Objective Ministerials, a workflow software for ministerial briefs and correspondence, as well as offers professional, managed, training and education, and technical support services; Objective Build, a management platform; Objective OpenGov to locate, collaborate, protect, and release information; Objective Trapeze, a software purpose-built for planners and building teams; Objective Keystone solution to author, approve, and publish documents; Objective REGWORKS, a software designed specifically for regulation, compliance, and enforcement; and Objective REACH, a solution for matching data. It serves the public sector, local government, regulation, wealth, banking, and insurance sectors. The company was founded in 1987 and is headquartered in North Sydney, Australia.

How the Company Makes Money

Objective Corporation Limited generates revenue through a combination of software licensing, subscription services, and professional services. The primary revenue streams include sales of its software products, which are often offered on a subscription basis, providing a steady stream of recurring income. Additionally, the company earns revenue from consulting and implementation services that help clients integrate and customize their software solutions. Significant partnerships with government agencies and organizations in regulated sectors contribute to its earnings, as these clients require robust and compliant information management systems. The company's ongoing investment in product development and customer support also aids in client retention and expansion, further enhancing its revenue potential.

Objective Corporation Limited Financial Statement Overview

Summary

Objective Corporation Limited shows strong profitability with high profit margins and a robust balance sheet characterized by low leverage. However, the slowdown in revenue growth and decline in free cash flow growth are concerns that could impact future financial performance.

Income Statement

Objective Corporation Limited has demonstrated consistent revenue growth over the years, with a notable increase in gross profit margin, reaching 94.17% in 2025. The net profit margin has also improved to 28.70%, indicating strong profitability. EBIT and EBITDA margins are healthy, reflecting efficient cost management. However, the revenue growth rate has slowed down to 2.04% in 2025, which could be a concern for future growth prospects.

Balance Sheet

The company's balance sheet shows a strong equity position with a low debt-to-equity ratio of 0.11 in 2025, indicating low financial leverage and reduced risk. Return on equity is robust at 33.37%, showcasing effective use of equity to generate profits. However, the equity ratio is not explicitly mentioned, which limits a comprehensive assessment of asset financing.

Cash Flow

Objective Corporation Limited's cash flow statement reveals a decline in free cash flow growth by 10.64% in 2025, which may impact future liquidity. The operating cash flow to net income ratio stands at 0.62, suggesting moderate cash generation efficiency. The free cash flow to net income ratio is strong at 0.99, indicating good cash flow relative to net income, despite the recent decline in growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	92.41M	123.50M	114.80M	108.92M	106.37M	94.92M
Gross Profit	87.04M	116.31M	107.21M	101.72M	100.75M	89.59M
EBITDA	32.85M	42.24M	44.37M	27.41M	29.38M	25.15M
Net Income	26.23M	35.44M	31.33M	21.09M	19.56M	16.09M
Balance Sheet
Total Assets	193.96M	193.96M	172.90M	159.99M	140.44M	116.73M
Cash, Cash Equivalents and Short-Term Investments	99.16M	99.16M	95.98M	72.52M	63.79M	48.36M
Total Debt	11.44M	11.44M	14.11M	15.92M	9.22M	11.50M
Total Liabilities	87.77M	87.77M	80.60M	86.44M	78.49M	69.78M
Stockholders Equity	106.19M	106.19M	92.30M	73.55M	61.96M	46.95M
Cash Flow
Free Cash Flow	29.02M	45.67M	40.69M	22.86M	29.33M	23.58M
Operating Cash Flow	46.26M	46.26M	55.78M	23.43M	30.54M	24.70M
Investing Cash Flow	-16.35M	-16.35M	-15.18M	-757.00K	-4.69M	-19.35M
Financing Cash Flow	-26.18M	-26.18M	-17.16M	-14.10M	-10.42M	-8.00M

Objective Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.89
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OCL, the sentiment is Negative. The current price of 17.89 is above the 20-day moving average (MA) of 17.74, below the 50-day MA of 18.86, and below the 200-day MA of 17.95, indicating a bearish trend. The MACD of -0.34 indicates Negative momentum. The RSI at 43.72 is Neutral, neither overbought nor oversold. The STOCH value of 54.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:OCL.

Objective Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BVS	71 Outperform	AU$1.30B	17.51	65.33%	10.40%	25.67%	744.90%
XRO	69 Neutral	AU$20.68B	78.11	8.14%	―	19.01%	19.06%
OCL	65 Neutral	AU$1.77B	49.85	35.71%	1.23%	5.11%	12.91%
TNE	65 Neutral	€12.06B	90.45	32.67%	0.80%	18.16%	16.25%
IRE	65 Neutral	€1.66B	18.78	26.73%	2.26%	-4.10%	341.80%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NXL	43 Neutral	AU$773.06M	-82.50	-3.19%	―	0.40%	-280.65%

Objective Corporation Limited Corporate Events

Objective Corporation Releases 2025 Corporate Governance Statement

Objective Corporation Limited has released its Corporate Governance Statement for the financial year ending June 30, 2025, which is accessible on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting its commitment to transparency and accountability. This announcement underscores Objective Corporation’s dedication to maintaining robust governance practices, potentially strengthening its market position and assuring stakeholders of its compliance with industry standards.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$21.50 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.

Objective Corporation Celebrates 25 Years of GovTech Innovation

Objective Corporation Limited, a leader in the GovTech industry, focuses on developing digital government solutions aimed at enhancing community and national strength. The company’s annual report for 2025 highlights its commitment to driving innovation in digital government, celebrating 25 years since its listing on the ASX. This milestone underscores its sustained impact on the industry and its role in fostering stronger communities through technology.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$21.50 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.

Objective Corporation Schedules Virtual AGM for 2025

Objective Corporation Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 25, 2025, to be held virtually. The company has provided multiple options for shareholder participation, including online voting and teleconferencing, emphasizing the importance of pre-registration and proxy voting to ensure effective engagement.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$21.50 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.

Objective Corporation Director Adjusts Shareholding

Objective Corporation Limited announced a change in the director’s interest, with Stephen Bool disposing of 7,975 ordinary shares at a price of $21.02 per share. This on-market disposal reduces his holding to 122,025 ordinary shares and maintains 5,000 rights. The announcement reflects a typical adjustment in personal investment strategy and is not expected to have significant implications for the company’s operations or market positioning.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$20.50 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.

Objective Corporation Announces Quotation of New Securities on ASX

Objective Corporation Limited has announced the quotation of 13,750 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of September 11, 2025. This move is part of the company’s strategy to optimize its capital structure and potentially enhance its market presence, reflecting a proactive approach to leveraging financial instruments for growth.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$20.50 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.

Objective Corporation Limited Announces Quotation of New Securities

Objective Corporation Limited has announced the quotation of 2,500 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code OCL. This move is part of the company’s ongoing efforts to manage its securities and enhance its market presence, potentially impacting its operations and positioning within the industry.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$20.50 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.

Objective Corporation Announces Quotation of New Securities on ASX

Objective Corporation Limited has announced the quotation of 13,750 new ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of the company’s ongoing efforts to enhance its financial flexibility and support its strategic growth initiatives, potentially impacting its market positioning and providing value to its stakeholders.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$20.50 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.

Objective Corporation Limited Announces Quotation of New Securities

Objective Corporation Limited has announced the quotation of 13,500 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of September 2, 2025. This move is part of the company’s ongoing efforts to optimize its capital structure and potentially increase its market presence, which could have implications for its stakeholders and industry positioning.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$20.50 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.

Objective Corporation Reports Strong FY2025 Results in GovTech Sector

Objective Corporation Limited has released its FY2025 financial results, highlighting the company’s focus on GovTech solutions aimed at enhancing community and national development. The announcement underscores the company’s strong performance in the GovTech sector, which is pivotal in driving societal improvements and strengthening its position in the market.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$16.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.

Objective Corporation Announces Dividend Distribution

Objective Corporation Limited has announced a new dividend distribution of AUD 0.13 per share for its ordinary fully paid securities. This distribution, covering a six-month period ending on June 30, 2025, will be paid on September 16, 2025, with a record date of September 8, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may enhance its attractiveness to investors.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$16.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.

Objective Corporation Marks 25 Years with Strong FY2025 Performance

Objective Corporation Limited has reported strong performance for the financial year 2025, celebrating 25 years since its ASX listing. The company has over 2,000 global customers, including the Australian Department of Defence, and continues to invest in research and development to enhance its software products, focusing on creating enduring value for customers.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$16.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.

Objective Corporation Achieves Strong Financial Growth in FY2025

Objective Corporation reported a 5% increase in group revenue to $123.5 million for FY2025, with a notable 15% growth in annualized recurring revenue (ARR) to $120.2 million. The company achieved a 13% rise in net profit after tax to $35.4 million and invested $31.2 million in research and development, representing 30% of its software revenue. The company’s strong financial position, with no external borrowings and a cash balance of $99.2 million, enables it to pursue further investment opportunities to enhance stakeholder returns.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$16.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.

Objective Corporation to Announce FY2025 Financial Results via Webcast

Objective Corporation announced that it will release its FY2025 financial results on August 21, 2025, with a webcast presentation by CEO Tony Walls and CFO Ben Tregoning. This announcement highlights the company’s commitment to transparency and its focus on innovation in providing digital solutions for the public sector, potentially impacting its market positioning and stakeholder trust.

The most recent analyst rating on (AU:OCL) stock is a Hold with a A$13.75 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.