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Objective Corporation Limited
(Sydney:OCL)
Objective Corporation Limited (OCL) vs. iShares MSCI Australia ETF (EWA)
Objective Corporation Limited Business Overview & Revenue Model
Objective Corporation Limited Financial Statement Overview
| 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 | 38.05M | 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
Objective Corporation Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$910.05M | 11.05 | 65.33% | 10.16% | 25.67% | 744.90% | |
70 Outperform | $13.68B | 51.29 | 8.14% | ― | 19.01% | 19.06% | |
65 Neutral | AU$1.22B | 21.16 | 35.71% | 1.27% | 5.11% | 12.91% | |
63 Neutral | AU$8.11B | 91.29 | 32.67% | 0.83% | 18.16% | 16.25% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | AU$1.36B | 19.91 | 26.73% | 2.47% | -4.10% | 341.80% | |
56 Neutral | AU$624.32M | 13.57 | -3.19% | ― | 0.40% | -280.65% |
Objective Corporation Limited Corporate Events
Objective Corporation Limited, listed on the ASX under the code OCL, has ordinary fully paid shares and operates in the technology sector, offering software and digital solutions to its customers. The company’s shares are actively traded on the Australian Securities Exchange, reflecting its role in the broader tech and digital services market.
Objective Corporation has provided an updated notification to the ASX regarding its on‑market share buy‑back program for ordinary fully paid shares. As of the latest daily update dated 4 March 2026, the company has repurchased a total of 8,410 shares prior to the previous day and a further 50,000 shares on the previous trading day, signaling ongoing capital management activity that may support earnings per share and shareholder value.
The most recent analyst rating on (AU:OCL) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation Limited, listed on the ASX under the code OCL, is an Australian public company with ordinary fully paid shares on issue. The announcement does not elaborate on its operating segments or product suite, instead centering on the structure and execution of its share buy-back program.
Objective Corporation Limited has provided an updated notification to the ASX regarding its on-market share buy-back, confirming that 8,410 ordinary fully paid shares were repurchased on the previous trading day. This daily buy-back update, following an initial notification in January 2026, signals the company’s ongoing capital management initiative and may incrementally enhance earnings per share and shareholder value over time by reducing the number of shares on issue.
The most recent analyst rating on (AU:OCL) stock is a Buy with a A$16.70 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation has disclosed a change in the holdings of director Stephen Bool, who exercised 5,000 rights granted under the company’s Employee Equity Plan, resulting in the acquisition of 5,000 fully paid ordinary shares. Following this transaction, Bool’s direct holding increased to 127,025 ordinary shares, with the move reflecting routine equity-based remuneration previously approved by shareholders and indicating continued alignment of director incentives with shareholder interests.
The most recent analyst rating on (AU:OCL) stock is a Buy with a A$16.70 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 has issued 5,000 new ordinary fully paid shares following the exercise or conversion of previously unquoted options or other convertible securities. The issuance, dated 27 February 2026 and disclosed via an Appendix 3G, slightly increases the company’s share capital and may marginally dilute existing holders while supporting equity-based incentives or financing arrangements.
The notification confirms the new securities are unquoted at the time of conversion but transition into the company’s ordinary share class upon issue. This administrative update signals continued use of equity instruments in the company’s capital management, though the relatively small volume suggests limited immediate impact on overall ownership structure or market dynamics.
The most recent analyst rating on (AU:OCL) stock is a Buy with a A$16.70 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 has lodged an application with the ASX for the quotation of additional ordinary fully paid shares under its existing listing, reflecting a minor change in its capital structure rather than a shift in its business operations. The filing covers the quotation of 1,000 new ordinary fully paid securities issued on 27 February 2026, indicating a small equity issuance event that slightly increases the company’s tradable share base without signalling any broader strategic or financial overhaul.
For shareholders, the addition of 1,000 ordinary shares represents a very limited dilution and is unlikely to materially affect ownership percentages or market dynamics for OCL stock. The move is presented as a routine compliance and listing step under ASX rules, with no accompanying disclosure of new capital-raising programs, acquisitions, or changes to the company’s operational or strategic direction.
The most recent analyst rating on (AU:OCL) stock is a Buy with a A$16.70 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 has applied to the ASX for quotation of 30,000 ordinary fully paid shares, with an issue date of 27 February 2026. The new securities arise from the exercise or conversion of existing options or other convertible instruments, marginally increasing the company’s quoted share capital and potentially improving liquidity for investors.
The application, lodged as an Appendix 2A on 2 March 2026, reflects routine capital management activity within the company’s existing listing framework. While modest in size, the additional shares formalise previously granted equity rights and slightly expand the free float, with limited but positive implications for market tradability and investor participation.
The most recent analyst rating on (AU:OCL) stock is a Buy with a A$16.70 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 has released an investor presentation for its first half 2026 financial results, highlighting its positioning as a provider of outstanding GovTech solutions. The brief release underlines the company’s role in driving stronger communities and nations through its technology for government and public sector clients, signalling continued emphasis on public value and digital transformation, although specific financial metrics and operational details are not disclosed.
The most recent analyst rating on (AU:OCL) stock is a Hold with a A$15.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation reported a solid first half for FY2026, with group revenue up 9% to $66.7 million, adjusted EBITDA rising 11% to $25.9 million, and net profit after tax increasing 10% to $18.7 million. Annualised recurring revenue climbed 12% to $120 million, driven by double-digit growth across information intelligence, planning and building, and regulatory solutions, while the company maintained a debt-free balance sheet with cash of $95.1 million and continued to return capital via dividends.
The group lifted R&D investment by 10% to $16.6 million, equal to 28% of software revenue, underscoring its strategy of reinvesting in product innovation to support long-term growth. Management signalled confidence for the remainder of FY2026 and into FY2027, guiding to ARR growth of 10–14% this year and reiterating a 15% internal ARR growth target, suggesting continued momentum in its core markets despite only modest near-term contribution from Objective Build in Australia.
The most recent analyst rating on (AU:OCL) stock is a Hold with a A$15.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation Limited, an ASX-listed issuer of ordinary fully paid shares under ticker OCL, operates with a semi-annual reporting framework that supports regular shareholder distributions, underscoring its maturity and cash-generative profile. The company has declared a fully paid ordinary dividend of A$0.13 per share for the six months to 31 December 2025, with an ex-dividend date of 6 March 2026, a record date of 9 March 2026 and payment set for 17 March 2026, signalling continued capital returns to investors and reinforcing its shareholder-focused capital management policy.
The most recent analyst rating on (AU:OCL) stock is a Hold with a A$15.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation Limited has applied to the ASX for quotation of 2,500 new fully paid ordinary shares (ASX code: OCL), to be issued on 4 February 2026. The modest share issuance, arising from the exercise or conversion of existing options or convertible securities, marginally increases the company’s quoted capital but does not signal a major capital-raising event, suggesting limited immediate impact on its overall operations or shareholder structure.
The most recent analyst rating on (AU:OCL) stock is a Hold with a A$16.50 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 has applied to the ASX for quotation of 1,250 new fully paid ordinary shares (ASX code: OCL), issued on 28 January 2026 following the exercise or conversion of existing options or other convertible securities. The small-scale issuance marginally increases the company’s quoted capital and reflects ongoing participation in its equity-based incentives or financing structures, with limited immediate impact on its overall capital structure but incremental dilution and liquidity implications for shareholders.
The most recent analyst rating on (AU:OCL) stock is a Hold with a A$16.50 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 has notified the ASX that it will commence an on‑market buy-back of its ordinary fully paid shares, identified under the code OCL, as outlined in its Appendix 3C filing dated 23 January 2026. The move signals a capital management initiative that may support the company’s share price and indicates confidence in its financial position, with potential implications for shareholder value through a reduction in shares on issue, although the announcement does not specify the size or timing parameters of the program.
The most recent analyst rating on (AU:OCL) stock is a Hold with a A$16.50 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 has applied to the ASX for quotation of 20,000 new fully paid ordinary shares, issued on 21 January 2026. The modest increase in quoted securities reflects the conversion or exercise of existing options or other convertible instruments, slightly expanding the company’s equity base while signalling continued utilisation of its employee or investor equity incentive structures.
The most recent analyst rating on (AU:OCL) stock is a Hold with a A$18.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation Limited has applied to the ASX for quotation of 400 new fully paid ordinary shares under the code OCL, following the exercise or conversion of existing options or other convertible securities. The modest issuance marginally increases the company’s quoted capital base, signalling routine capital management activity rather than a significant change in ownership structure or strategy, with limited immediate impact on existing shareholders or the company’s market positioning.
The most recent analyst rating on (AU:OCL) stock is a Hold with a A$18.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation Limited has applied to the ASX for quotation of 500 ordinary fully paid shares, to be traded under its existing ticker OCL. The small issuance arises from the exercise or conversion of existing options or other convertible securities, modestly increasing the company’s quoted capital base without signaling a major capital raising or strategic shift for shareholders.
The most recent analyst rating on (AU:OCL) stock is a Hold with a A$18.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation has announced it will release its first half FY2026 results on Thursday, 26 February 2026, with Founder and CEO Tony Walls and CFO Ben Tregoning to present the numbers via a live investor webcast the same day. The scheduled results release and webcast underline the company’s ongoing investor engagement and transparency as it continues to position its governance-focused digital software solutions at the heart of public sector and regulated industry modernisation efforts.
The most recent analyst rating on (AU:OCL) stock is a Buy with a A$20.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation Limited has applied to the ASX for quotation of an additional 1,250 ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities, issued on 7 January 2026, reflects routine capital management activity rather than a major capital raising, suggesting limited immediate impact on the company’s balance sheet or shareholder base, but slightly expanding the free float and tradable equity on the market.
The most recent analyst rating on (AU:OCL) stock is a Buy with a A$20.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation Limited has applied to the ASX for quotation of 125,000 new fully paid ordinary shares under its existing OCL ticker, following the exercise or conversion of options or other convertible securities. The additional securities, issued on 18 December 2025, will modestly increase the company’s quoted share capital, reflecting equity-based activity that may slightly dilute existing holders while supporting Objective’s capital structure and potential funding or incentive arrangements.
The most recent analyst rating on (AU:OCL) stock is a Buy with a A$20.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation Limited announced the application for quotation of 10,250 fully paid ordinary securities on the Australian Securities Exchange (ASX). The issuance of these securities, following the conversion of options or convertible securities, aligns with the company’s ongoing corporate management efforts, potentially enhancing liquidity and shareholder value.
The most recent analyst rating on (AU:OCL) stock is a Buy with a A$20.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation Limited has announced the quotation of 68,750 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective from December 11, 2025. This move follows the exercise of options or conversion of convertible securities, potentially impacting the company’s market presence and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:OCL) stock is a Buy with a A$20.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.
Objective Corporation Limited has announced the issuance of 750 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code OCL. This move is part of the company’s ongoing efforts to manage its capital structure and potentially enhance its market position by increasing the liquidity of its shares.
The most recent analyst rating on (AU:OCL) stock is a Buy with a A$20.00 price target. To see the full list of analyst forecasts on Objective Corporation Limited stock, see the AU:OCL Stock Forecast page.