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Objective Corporation Limited
(Sydney:OCL)
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Rating:71Outperform
Price Target:
AU$7.00
▼(-9.91% Downside)
Action:Reiterated
Date:08/28/26
The score is driven primarily by strong financial performance (accelerating growth, high margins, strong ROE, and low leverage). This is partially offset by weak technicals (price below key moving averages and negative MACD), while valuation is moderately supportive due to a reasonable P/E and an attractive dividend yield.
Positive Factors
Accelerating Revenue Growth
Sustained revenue expansion, including a sharp 2026 re-acceleration, indicates strong customer demand and improving market penetration. This growth can support recurring software revenue, cross-selling and operating leverage over the next several years.
Negative Factors
Recent Margin Compression
The latest margin decline suggests cost pressure or an unfavourable revenue mix despite strong growth. If sustained, compression could reduce the earnings benefit of scale and constrain funds available for innovation, sales investment and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
Sustained revenue expansion, including a sharp 2026 re-acceleration, indicates strong customer demand and improving market penetration. This growth can support recurring software revenue, cross-selling and operating leverage over the next several years.
Read all positive factors
Objective Corporation Limited (OCL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$627.22M
Dividend Yield3.2%
Average Volume (3M)227.90K
Price to Earnings (P/E)16.8
Beta (1Y)0.54
Revenue Growth6.59%
EPS Growth4.49%
CountryAU
Employees400
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.39
Shares Outstanding95,613,304
10 Day Avg. Volume446,951
30 Day Avg. Volume227,899
Financial Highlights & Ratios
PEG Ratio4.89
Price to Book (P/B)9.00
Price to Sales (P/S)7.48
P/FCF Ratio20.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$9.15Price Target Upside17.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.28
Revenue Forecast (FY)AU$126.29M
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 licensing its enterprise software to customers and charging ongoing fees to support, maintain, and update those deployments. The company’s revenue model typically includes: (1) software subscription and/or licensing fe...
Objective Corporation Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
78
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 131.64M | 123.50M | 114.80M | 108.92M | 106.37M |
| Gross Profit | 115.28M | 116.31M | 107.21M | 101.72M | 100.75M |
| EBITDA | 50.63M | 42.24M | 44.37M | 27.41M | 29.38M |
| Net Income | 37.19M | 35.44M | 31.33M | 21.09M | 19.56M |
Balance Sheet | |||||
| Total Assets | 198.29M | 193.96M | 172.90M | 159.99M | 140.44M |
| Cash, Cash Equivalents and Short-Term Investments | 92.70M | 99.16M | 95.98M | 72.52M | 63.79M |
| Total Debt | 9.62M | 11.44M | 14.11M | 15.92M | 9.22M |
| Total Liabilities | 88.82M | 87.77M | 80.60M | 86.44M | 78.49M |
| Stockholders Equity | 109.47M | 106.19M | 92.30M | 73.55M | 61.96M |
Cash Flow | |||||
| Free Cash Flow | 48.75M | 45.67M | 40.69M | 22.86M | 29.33M |
| Operating Cash Flow | 49.33M | 46.26M | 55.78M | 23.43M | 30.54M |
| Investing Cash Flow | -21.01M | -16.35M | -15.18M | -757.00K | -4.69M |
| Financing Cash Flow | -34.26M | -26.18M | -17.16M | -14.10M | -10.42M |
Objective Corporation Limited Technical Analysis
Negative
7.77
Price Trends
7.05
Negative
8.92
Negative
11.69
Negative
Market Momentum
-0.22
Positive
42.85
Neutral
33.97
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 7.77 is above the 20-day moving average (MA) of 6.93, above the 50-day MA of 7.05, and below the 200-day MA of 11.69, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 42.85 is Neutral, neither overbought nor oversold. The STOCH value of 33.97 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$769.44M | -813.65 | -0.29% | ― | 8.33% | ― | |
71 Outperform | AU$627.22M | 16.82 | 33.67% | 3.20% | 6.59% | 4.49% | |
71 Outperform | AU$711.47M | 14.54 | 12.46% | 2.87% | -1.53% | 10.09% | |
70 Outperform | AU$10.11B | 71.81 | 32.19% | 1.23% | 14.48% | 6.31% | |
70 Outperform | AU$687.08M | 40.73 | 5.34% | ― | 18.83% | ― | |
69 Neutral | AU$507.95M | 61.54 | 11.93% | 0.47% | 13.82% | 37.23% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
AU:OCL
Objective Corporation Limited
6.56
-14.23
-68.44%
AU:HSN
Hansen Technologies Limited
3.49
-2.15
-38.18%
AU:TNE
Technology One Limited
30.88
-6.29
-16.92%
AU:EOL
Energy One Limited
16.00
0.87
5.76%
AU:NXL
Nuix Ltd.
2.00
-0.47
-19.03%
AU:FCL
FINEOS Corporation Holdings Plc Shs Chess Depositary Interests Repr 1 Sh
2.23
-0.79
-26.16%
Objective Corporation Limited Corporate Events
Objective Corporation Highlights FY2026 Results and GovTech Focus
Aug 27, 2026
Objective Corporation Limited has released an investor presentation outlining its financial results for FY2026. The company positions itself as an outstanding GovTech provider, emphasizing its role in driving stronger communities and nations throu...
Objective Corporation Declares Final Dividend for FY2026
Aug 27, 2026
Objective Corporation Limited has announced a dividend of AUD 0.08 per ordinary fully paid share, relating to the 12-month period ended 30 June 2026. The ex-dividend date is set for 2 September 2026, with a record date of 3 September and payment s...
Objective Corporation Delivers Higher Revenue and Profit, Lifts Dividend Payout
Aug 27, 2026
Objective Corporation Limited reported a 9% rise in revenue from ordinary activities to $134.7 million for the year ended 30 June 2026, with net profit attributable to shareholders up 5% to $37.2 million. Basic earnings per share increased to 38.9...
Objective Corporation sets date for FY2026 results and investor webcast
Aug 3, 2026
Objective Corporation has announced that it will release its financial results for the 2026 financial year on 27 August 2026, with founder and chief executive Tony Walls and chief financial officer Ben Tregoning scheduled to present the numbers vi...
Objective Corporation Adds 7,250 New Shares to ASX Quotation
Jul 9, 2026
Objective Corporation Limited has lodged an application with the ASX for quotation of additional ordinary fully paid shares. The filing covers 7,250 new OCL securities, which are scheduled to be issued on July 8, 2026, and admitted to quotation fo...
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...
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.