Objective Corporation Limited (AU:OCL)
ASX:OCL
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Objective Corporation Limited
(Sydney:OCL)
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Rating:66Neutral
Price Target:
AU$13.00
▲(13.24% Upside)
Action:ReiteratedDate:03/20/26
The score is primarily supported by strong financial performance (high margins and low leverage), but is held back by clearly bearish technical signals and only moderate valuation support from a mid-range P/E and modest dividend yield.
Positive Factors
High Profitability
Exceptionally high gross and strong net margins indicate the business captures outsized value from software licensing and support. Margin durability supports reinvestment, returns to shareholders and resilience to cost shocks in the 2–6 month horizon.
Negative Factors
Slowing Revenue Growth
Growth deceleration to low single digits suggests the core market is maturing or penetration is stalling. Slower top-line expansion constrains the ability to leverage high margins into materially higher absolute profits and limits near-term scaling.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Exceptionally high gross and strong net margins indicate the business captures outsized value from software licensing and support. Margin durability supports reinvestment, returns to shareholders and resilience to cost shocks in the 2–6 month horizon.
Read all positive factors
Objective Corporation Limited (OCL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.10B
Dividend Yield1.27%
Average Volume (3M)112.14K
Price to Earnings (P/E)21.2
Beta (1Y)0.69
Revenue Growth5.11%
EPS Growth12.91%
CountryAU
Employees400
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.20
Shares Outstanding95,987,520
10 Day Avg. Volume45,051
30 Day Avg. Volume112,135
Financial Highlights & Ratios
PEG Ratio4.32
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$18.05Price Target Upside57.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.38
Revenue Forecast (FY)AU$133.50M
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 e...
How the Company Makes Money
OCL generates revenue primarily by licensing and supporting its enterprise software used for content, records, and information governance. The core revenue stream is software-related income (e.g., fees tied to customers’ right to use the Objective...
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 | 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
Negative
11.48
Price Trends
13.55
Negative
15.34
Negative
17.28
Negative
Market Momentum
-0.54
Positive
34.40
Neutral
14.75
Positive
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 11.48 is below the 20-day moving average (MA) of 12.40, below the 50-day MA of 13.55, and below the 200-day MA of 17.28, indicating a bearish trend. The MACD of -0.54 indicates Positive momentum. The RSI at 34.40 is Neutral, neither overbought nor oversold. The STOCH value of 14.75 is Positive, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$883.15M | 11.05 | 42.94% | 10.16% | 25.67% | 744.90% | |
70 Outperform | AU$12.02B | 51.29 | 9.08% | ― | 19.01% | 19.06% | |
68 Neutral | AU$8.66B | 91.29 | 31.77% | 0.83% | 18.16% | 16.25% | |
66 Neutral | AU$1.10B | 21.16 | 25.65% | 1.27% | 5.11% | 12.91% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | AU$1.25B | 19.91 | 19.57% | 2.47% | -4.10% | 341.80% | |
54 Neutral | AU$401.71M | 13.57 | 4.13% | ― | 0.40% | -280.65% |
* Technology Sector Average
AU:OCL
Objective Corporation Limited
11.48
-3.52
-23.47%
AU:TNE
Technology One Limited
26.47
-1.71
-6.05%
AU:XRO
Xero Limited
70.50
-86.12
-54.99%
AU:IRE
IRESS Limited
6.81
-1.07
-13.59%
AU:BVS
Bravura Solutions Limited
1.97
-0.08
-3.71%
AU:NXL
Nuix Ltd.
1.20
-1.83
-60.40%
Objective Corporation Limited Corporate Events
Objective Corporation Provides Daily Update on On‑Market Share Buy‑Back
Mar 23, 2026
Objective Corporation Limited, listed on the ASX under code OCL, develops enterprise software solutions aimed at improving information governance, compliance and digital workflows for government and highly regulated organisations. Its ordinary ful...
Objective Corporation Updates Market on Ongoing On‑Market Share Buy‑Back
Mar 22, 2026
Objective Corporation Limited, listed on the ASX under ticker OCL with ordinary fully paid shares, is pursuing an on‑market share buy‑back as part of its capital management strategy. The company has been progressively repurchasing stoc...
Objective Corporation Provides Daily Update on Ongoing On‑Market Share Buy‑Back
Mar 16, 2026
Objective Corporation Limited, an Australian software and digital solutions provider listed on the ASX under ticker OCL, continues to manage its capital structure through an on‑market share buy‑back of its ordinary fully paid shares. T...
Objective Corporation Provides Daily Update on Ongoing Share Buy‑Back
Mar 15, 2026
Objective Corporation Limited, traded on the ASX as OCL, is a listed company with ordinary fully paid shares on issue and is currently conducting an on‑market share buy‑back to manage its capital base. This activity reflects an effort ...
Objective Corporation Updates Market on Ongoing On-Market Share Buy-Back
Mar 12, 2026
Objective Corporation Limited, listed on the ASX under ticker OCL with ordinary fully paid shares, is a technology company that provides enterprise software solutions, particularly to government and highly regulated sectors. While this filing does...
Objective Corporation Reports Ongoing Daily On-Market Share Buy-Back
Mar 11, 2026
Objective Corporation Limited, listed on the ASX under ticker OCL, has ordinary fully paid shares that are the subject of an ongoing on-market share buy-back program. The company is actively managing its capital structure through repurchases of it...
Objective Corporation provides daily update on ongoing on-market share buy-back
Mar 9, 2026
Objective Corporation Limited, listed on the ASX under ticker OCL, has ordinary fully paid shares that are actively traded and subject to ongoing capital management initiatives. The company continues to utilise on-market buy-backs as a tool to man...
Objective Corporation Seeks Quotation for 50,000 New Ordinary Shares on ASX
Mar 5, 2026
Objective Corporation Limited has applied to the ASX for quotation of 50,000 additional ordinary fully paid shares, issued on 5 March 2026. The new securities arise from the exercise or conversion of existing options or other convertible securitie...
Objective Corporation Updates Market on Ongoing On‑Market Share Buy‑Back
Mar 5, 2026
Objective Corporation Limited, trading under ASX code OCL, is currently engaged in on‑market transactions involving its ordinary fully paid shares. The company continues to adjust its equity base through a structured share buy-back, which ca...
Objective Corporation Updates Market on Ongoing Share Buy-Back Activity
Mar 3, 2026
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 ...
Objective Corporation Issues Daily Update on On-Market Share Buy-Back
Mar 2, 2026
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...
Objective Corporation Director Increases Shareholding Through Equity Plan Exercise
Mar 2, 2026
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 t...
Objective Corporation Issues 5,000 New Ordinary Shares Following Option Conversion
Mar 2, 2026
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 3...
Objective Corporation Seeks ASX Quotation for Additional Ordinary Shares
Mar 2, 2026
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 oper...
Objective Corporation Seeks ASX Quotation for Additional 30,000 Shares
Mar 2, 2026
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 inst...
Objective Corporation Highlights GovTech Focus in 1H 2026 Investor Presentation
Feb 26, 2026
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 dr...
Objective Corporation posts double-digit profit and ARR growth in first half FY2026
Feb 26, 2026
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...
Objective Corporation Declares Interim Dividend of A$0.13 Per Share
Feb 26, 2026
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 prof...
Objective Corporation Seeks Quotation for Modest Issue of New Shares
Feb 5, 2026
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 ...
Objective Corporation Seeks ASX Quotation for Additional Ordinary Shares
Jan 30, 2026
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 sma...
Objective Corporation Launches On‑Market Share Buy-Back
Jan 22, 2026
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 ...
Objective Corporation Seeks ASX Quotation for 20,000 New Ordinary Shares
Jan 21, 2026
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 conve...
Objective Corporation Seeks ASX Quotation for Additional Ordinary Shares
Jan 21, 2026
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 i...
Objective Corporation Seeks Quotation of Additional Ordinary Shares on ASX
Jan 19, 2026
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 se...
Objective Corporation Sets Date for First-Half FY2026 Results and Investor Webcast
Jan 14, 2026
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 r...
Objective Corporation Applies for Quotation of Additional Ordinary Shares
Jan 7, 2026
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 securitie...
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.