Objective Corporation Limited (OCL) AI Stock Analysis

• Market Cap: AU$1.80B
• Dividend Yield: 1.17%
• Average Volume (3M): 112.14K
• Price to Earnings (P/E): 50.7
• Beta (1Y): 0.73
• 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$21.92
• Price Target Upside: 16.41% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 67 Neutral
• Price Target: AU$21.50 ▲(14.18% Upside)

Objective Corporation Limited's strong financial performance is the most significant factor, supported by high profitability and a solid balance sheet. However, technical indicators suggest a lack of momentum, and the high P/E ratio points to potential overvaluation. The absence of earnings call data and corporate events limits further insights.

Objective Corporation Limited Business Overview & Revenue Model

Company Description

Objective Corporation Limited (OCL) is an Australian software company that specializes in providing information management solutions primarily for the public sector and regulated industries. The company focuses on helping organizations manage their documents, records, and processes through its core products, which include Objective Connect for secure file sharing, Objective ECM for enterprise content management, and Objective Trapeze for process management. OCL aims to enhance operational efficiency and compliance for its clients by delivering innovative technology that simplifies complex information management tasks.

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 effective equity utilization. The balance sheet is solid with low leverage, although revenue growth has slowed, and recent declines in free cash flow growth are concerning.

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	28.98M	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	13.45M	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	29.43M	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: 18.83
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• 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 18.83 is below the 20-day moving average (MA) of 20.00, below the 50-day MA of 20.24, and above the 200-day MA of 17.62, indicating a neutral trend. The MACD of -0.30 indicates Positive momentum. The RSI at 38.68 is Neutral, neither overbought nor oversold. The STOCH value of 20.20 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	70 Outperform	AU$1.29B	17.39	65.33%	9.10%	25.67%	744.90%
OCL	67 Neutral	AU$1.80B	50.66	35.71%	1.17%	5.11%	12.91%
TNE	65 Neutral	€12.70B	95.24	37.44%	0.62%	17.52%	20.78%
XRO	65 Neutral	AU$25.57B	113.94	12.98%	―	20.44%	26.78%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IRE	57 Neutral	€1.59B	18.03	26.73%	2.43%	-4.10%	341.80%
NXL	51 Neutral	AU$943.73M	308.39	-3.19%	―	0.40%	-280.65%

Objective Corporation Limited Corporate Events

Objective Corporation Issues Unquoted Equity Securities

Objective Corporation Limited has announced the issuance of 1,375 unquoted equity securities under its employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize and retain talent, potentially strengthening its operational capabilities and market position.

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.

Objective Corporation Limited Announces Quotation of New Securities on ASX

Objective Corporation Limited announced the quotation of 3,750 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of July 17, 2025. This move reflects the company’s ongoing efforts to optimize its capital structure and potentially improve its market positioning, signaling a positive development for stakeholders and investors.

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.

Objective Corporation Limited Announces Quotation of New Securities

Objective Corporation Limited has announced the quotation of 3,000 new ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code OCL. This move follows the exercise of options or conversion of other convertible securities, potentially impacting the company’s market liquidity and shareholder value.

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.

Objective Corporation Issues New Employee Incentive Options

Objective Corporation Limited announced the issuance of 20,000 unquoted equity securities in the form of options expiring on December 31, 2029, with an exercise price of $17.99. This issuance is part of an employee incentive scheme, reflecting the company’s strategy to motivate and retain talent, potentially impacting its operational efficiency and market competitiveness.

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.

Objective Corporation Acquires Isovist to Enhance Planning Sector Capabilities

Objective Corporation has announced the acquisition of Isovist, a provider of GIS-based e-planning solutions for local governments in Australia and New Zealand. This acquisition aims to enhance Objective’s capabilities in the Planning and Building sector, supporting its mission to deliver market-defining GovTech software. Isovist’s products, known for their intuitive user experience and alignment with local planning frameworks, will complement Objective’s existing offerings. The acquisition is expected to integrate Objective’s AI capabilities to further transform the planning process, benefiting councils, property owners, and developers. The transaction, valued at NZ$5 million, will see all Isovist employees joining Objective, with plans for integration and product enhancement underway.

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.

Objective Corporation Limited Applies for Quotation of New Securities

Objective Corporation Limited has announced the application for quotation of 500 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move indicates the company’s ongoing efforts to enhance its market presence and provide value to its stakeholders by increasing the liquidity of its shares.

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.

Objective Corporation Limited Announces New Securities Quotation

Objective Corporation Limited has announced the issuance of 2,250 ordinary fully paid securities, which are set to be quoted on the ASX. This move reflects the company’s ongoing efforts to enhance its capital structure and potentially strengthen its market position, signaling a positive development for stakeholders and investors.

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.

Objective Corporation Issues Unquoted Equity Securities to Employees

Objective Corporation Limited announced the issuance of 3,000 unquoted equity securities under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize employees, potentially impacting its operational dynamics by aligning employee interests with corporate goals, thereby strengthening its position in the competitive software industry.

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.

Objective Corporation Limited Announces Quotation of New Securities

Objective Corporation Limited has announced the application for quotation of 2,000 ordinary fully paid securities on the Australian Securities Exchange (ASX), with the issue date set for May 6, 2025. This move indicates the company’s ongoing efforts to manage its capital structure and potentially enhance its market presence, which may have implications for its stakeholders and market positioning.