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Objective Corporation Limited
(Sydney:OCL)
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Rating:65Neutral
Price Target:
AU$7.50
▼(-36.55% Downside)
Action:Reiterated
Date:07/04/26
The score is supported primarily by strong financial performance (high margins, low leverage, strong ROE), but is held back by weak technicals (price well below key moving averages and negative MACD). Valuation is moderately supportive due to the dividend yield, though the P/E remains relatively elevated.
Positive Factors
Very high gross and net margins
Sustained very high gross (94.17%) and healthy net margins (28.70%) reflect a software business with low incremental costs and pricing power. Over 2-6 months this margin structure supports cash generation, reinvestment in product and services, and resilience to cost volatility.
Negative Factors
Slowing revenue growth
A deceleration to ~2% revenue growth is structurally important for a software company reliant on account expansion and renewals. Sustained low top-line growth limits operating leverage, makes funding new initiatives harder, and pressures long-term margin and profitability expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Very high gross and net margins
Sustained very high gross (94.17%) and healthy net margins (28.70%) reflect a software business with low incremental costs and pricing power. Over 2-6 months this margin structure supports cash generation, reinvestment in product and services, and resilience to cost volatility.
Read all positive factors
Objective Corporation Limited (OCL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$665.47M
Dividend Yield1.27%
Average Volume (3M)112.14K
Price to Earnings (P/E)23.2
Beta (1Y)0.44
Revenue Growth6.51%
EPS Growth15.45%
CountryAU
Employees400
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.30
Shares Outstanding95,613,304
10 Day Avg. Volume45,051
30 Day Avg. Volume112,135
Financial Highlights & Ratios
PEG Ratio4.27
Price to Book (P/B)17.47
Price to Sales (P/S)15.02
P/FCF Ratio40.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$12.05Price Target Upside1.93% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.33
Revenue Forecast (FY)AU$135.14M
Objective Corporation Limited Business Overview & Revenue Model
Company Description
Objective Corporation Limited, operating with its various subsidiaries, delivers a comprehensive array of information technology software and associated services to clients internationally, with a significant presence in Australia, the United King...
How the Company Makes Money
OCL makes money primarily by selling and supporting its enterprise software products. Revenue is typically generated through (1) software licensing or subscription fees for access to its platforms and modules used for document/records management a...
Objective Corporation Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 97.82M | 123.50M | 114.80M | 108.92M | 106.37M | 94.92M |
| Gross Profit | 87.85M | 116.31M | 107.21M | 101.72M | 100.75M | 89.59M |
| EBITDA | 38.08M | 42.24M | 44.37M | 27.41M | 29.38M | 25.15M |
| Net Income | 27.91M | 35.44M | 31.33M | 21.09M | 19.56M | 16.09M |
Balance Sheet | ||||||
| Total Assets | 198.04M | 193.96M | 172.90M | 159.99M | 140.44M | 116.73M |
| Cash, Cash Equivalents and Short-Term Investments | 95.09M | 99.16M | 95.98M | 72.52M | 63.79M | 48.36M |
| Total Debt | 17.39M | 11.44M | 14.11M | 15.92M | 9.22M | 11.50M |
| Total Liabilities | 86.59M | 87.77M | 80.60M | 86.44M | 78.49M | 69.78M |
| Stockholders Equity | 111.45M | 106.19M | 92.30M | 73.55M | 61.96M | 46.95M |
Cash Flow | ||||||
| Free Cash Flow | 54.70M | 45.67M | 40.69M | 22.86M | 29.33M | 23.58M |
| Operating Cash Flow | 55.31M | 46.26M | 55.78M | 23.43M | 30.54M | 24.70M |
| Investing Cash Flow | -20.20M | -16.35M | -15.18M | -757.00K | -4.69M | -19.35M |
| Financing Cash Flow | -23.08M | -26.18M | -17.16M | -14.10M | -10.42M | -8.00M |
Objective Corporation Limited Technical Analysis
Negative
11.82
Price Trends
10.01
Negative
11.10
Negative
14.16
Negative
Market Momentum
-1.07
Positive
28.75
Positive
45.80
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 11.82 is above the 20-day moving average (MA) of 8.80, above the 50-day MA of 10.01, and below the 200-day MA of 14.16, indicating a bearish trend. The MACD of -1.07 indicates Positive momentum. The RSI at 28.75 is Positive, neither overbought nor oversold. The STOCH value of 45.80 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$856.21M | 13.56 | 17.13% | 1.85% | 11.63% | 1754.91% | |
68 Neutral | AU$10.08B | 70.93 | 32.19% | 0.83% | 14.48% | 6.31% | |
65 Neutral | AU$665.47M | 23.15 | 25.65% | 1.27% | 6.51% | 15.45% | |
64 Neutral | AU$703.46M | -739.96 | -0.72% | ― | 10.99% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | AU$385.09M | 52.04 | 11.48% | 0.43% | 20.06% | 67.63% | |
54 Neutral | AU$436.99M | 33.42 | 4.13% | ― | 4.45% | ― |
* Technology Sector Average
AU:OCL
Objective Corporation Limited
6.92
-10.65
-60.61%
AU:HSN
Hansen Technologies Limited
4.34
-1.12
-20.45%
AU:TNE
Technology One Limited
30.50
-9.36
-23.47%
AU:EOL
Energy One Limited
11.97
-0.33
-2.68%
AU:NXL
Nuix Ltd.
1.23
-0.88
-41.71%
AU:FCL
FINEOS Corporation Holdings Plc Shs Chess Depositary Interests Repr 1 Sh
2.07
-0.58
-21.89%
Objective Corporation Limited Corporate Events
Objective Corporation Cuts Share Count via On-Market Buy-Back
Jun 29, 2026
Objective Corporation Limited has reported a change in its issued capital, confirming the cancellation of a portion of its ordinary fully paid shares listed on the ASX under ticker OCL. The adjustment reflects the company’s ongoing managemen...
Objective Corporation Seeks ASX Quotation for 5,000 New Ordinary Shares
Jun 4, 2026
Objective Corporation Limited has applied to the ASX for quotation of 5,000 new ordinary fully paid shares, issued on 4 June 2026 following the exercise or conversion of existing options or other convertible securities. The modest increase in quot...
Objective Corporation Updates Market on Progress of On‑Market Share Buy‑Back
May 26, 2026
Objective Corporation Limited has notified the market of ongoing activity under its on‑market share buy‑back program for ordinary fully paid shares traded under the ASX code OCL. The company is using this mechanism as part of its capit...
Objective Corporation Continues Daily On-Market Share Buy-Back
May 8, 2026
Objective Corporation Limited, listed on the ASX under the code OCL, has ordinary fully paid shares on issue and is engaged in an ongoing on-market share buy-back program as part of its broader capital management strategy. The company’s acti...
Objective Corporation Updates On-Market Share Buy-Back Activity
May 7, 2026
Objective Corporation Limited, listed on the ASX under the code OCL, is an issuer of ordinary fully paid shares and operates in the technology space, serving investors through its publicly traded equity. The company remains an active participant i...
Objective Corporation Updates Market on Progress of On‑Market Share Buy‑Back
Apr 12, 2026
Objective Corporation Limited, listed on the ASX under ticker OCL, has ordinary fully paid shares on issue and is engaged in ongoing capital management initiatives, including an on-market share buy-back program. The company released an updated not...
Objective Corporation updates market on ongoing on‑market share buy‑back
Apr 6, 2026
Objective Corporation Limited, listed on the ASX under the ticker OCL, offers technology and software solutions through its ordinary fully paid shares structure. The company serves clients seeking enterprise-grade software and related services in ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.