Objective Corporation Limited, together with its subsidiaries, provides information technology software and services in Australia, the United Kingdom, New Zealand, and internationally.
Flawless balance sheet with outstanding track record.
Share Price & News
How has Objective's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OCL's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: OCL exceeded the Australian Software industry which returned 6.1% over the past year.
Return vs Market: OCL exceeded the Australian Market which returned -11.2% over the past year.
Price Volatility Vs. Market
How volatile is Objective's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StObjective (ASX:OCL) Has Rewarded Shareholders With An Exceptional 332% Total Return On Their Investment
3 weeks ago | Simply Wall StCould The Objective Corporation Limited (ASX:OCL) Ownership Structure Tell Us Something Useful?
1 month ago | Simply Wall StRead This Before Buying Objective Corporation Limited (ASX:OCL) Shares
Is Objective undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OCL (A$6.83) is trading above our estimate of fair value (A$4.92)
Significantly Below Fair Value: OCL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OCL is poor value based on its PE Ratio (65.6x) compared to the Software industry average (37.3x).
PE vs Market: OCL is poor value based on its PE Ratio (65.6x) compared to the Australian market (15x).
Price to Earnings Growth Ratio
PEG Ratio: OCL is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: OCL is overvalued based on its PB Ratio (21.3x) compared to the AU Software industry average (3.7x).
How is Objective forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OCL's forecast earnings growth (25.5% per year) is above the savings rate (2.3%).
Earnings vs Market: OCL's earnings (25.5% per year) are forecast to grow faster than the Australian market (14.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: OCL's revenue (13% per year) is forecast to grow faster than the Australian market (4.3% per year).
High Growth Revenue: OCL's revenue (13% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OCL's Return on Equity is forecast to be high in 3 years time (33.2%)
How has Objective performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OCL has high quality earnings.
Growing Profit Margin: OCL's current net profit margins (14.6%) are higher than last year (11.7%).
Past Earnings Growth Analysis
Earnings Trend: OCL's earnings have grown by 14.2% per year over the past 5 years.
Accelerating Growth: OCL's earnings growth over the past year (39.7%) exceeds its 5-year average (14.2% per year).
Earnings vs Industry: OCL earnings growth over the past year (39.7%) exceeded the Software industry 18.6%.
Return on Equity
High ROE: OCL's Return on Equity (32.3%) is considered high.
How is Objective's financial position?
Financial Position Analysis
Short Term Liabilities: OCL's short term assets (A$44.6M) exceed its short term liabilities (A$37.3M).
Long Term Liabilities: OCL's short term assets (A$44.6M) exceed its long term liabilities (A$11.8M).
Debt to Equity History and Analysis
Debt Level: OCL is debt free.
Reducing Debt: OCL has not had any debt for past 5 years.
Debt Coverage: OCL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: OCL has no debt, therefore coverage of interest payments is not a concern.
What is Objective's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OCL's dividend (0.73%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.64%).
High Dividend: OCL's dividend (0.73%) is low compared to the top 25% of dividend payers in the Australian market (6.77%).
Stability and Growth of Payments
Stable Dividend: OCL is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: OCL is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: OCL is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OCL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Tony Walls serves as the Executive Chairman and Chief Executive Officer at Objective Corporation Limited. Mr. Walls founded Objective Corp. Ltd in 1987. Mr. Walls served as Chief Executive Officer of A ...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD196.72K) is below average for companies of similar size in the Australian market ($USD761.27K).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
|Executive Chairman & CEO||no data||AU$300.53k||no data|
|CFO & Company Secretary||3.83yrs||AU$336.41k||0.13% A$893.8k|
|Chief Operating Officer||4.75yrs||AU$337.98k||no data|
|Managing Director of EMEA||no data||AU$379.22k||no data|
|Global Vice President of Keystone Solutions||no data||AU$232.20k||0.54% A$3.6m|
|Vice President Product Development||no data||AU$262.91k||0.43% A$2.9m|
|Global Vice President of Enterprise Solutions||6.42yrs||AU$480.15k||0.43% A$2.9m|
Experienced Management: OCL's management team is considered experienced (4.8 years average tenure).
|Executive Chairman & CEO||no data||AU$300.53k||no data|
|Non-Executive Director||29.17yrs||no data||no data|
|Independent Non-Executive Director||1.83yrs||AU$66.22k||0.21% A$1.4m|
|Independent Non-Executive Director||1.75yrs||AU$120.26k||0.032% A$216.0k|
Experienced Board: OCL's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Objective Corporation Limited's company bio, employee growth, exchange listings and data sources
- Name: Objective Corporation Limited
- Ticker: OCL
- Exchange: ASX
- Founded: 1987
- Industry: Application Software
- Sector: Software
- Market Cap: AU$667.294m
- Shares outstanding: 93.33m
- Website: https://www.objective.com
- Objective Corporation Limited
- 177 Pacific Highway
- Level 30
- North Sydney
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OCL||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Aug 2000|
|OCL||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Aug 2000|
Objective Corporation Limited, together with its subsidiaries, provides information technology software and services in Australia, the United Kingdom, New Zealand, and internationally. It operates through Objective Content Solutions, Objective Keystone, Objective Connect, and Objective Planning Solutions segments. The company offers objective enterprise content management that manages content, builds business processes, and empowers users to achieve desired outcomes; objective inform, which provides document management, records management, office 365, SharePoint governance, deployment options, reporting insights, and drawings management solutions; and objective perform, a streamline content-driven process that offers workflow designing, case management, anywhere access, transparency, accountability, and governance solutions. It also provides objective connect, which creates secure and private workspace; objective keystone, including content management, collaborative authoring, review and verification, one click publishing, multichannel distribution, and stakeholder engagement solutions; objective trapeze to transform the development application process; and objective redact, a redaction solution for security conscious organizations, as well as offers professional, managed, learning, and technical support services. The company serves the public sector, local government, healthcare, financial services and insurance, energy and infrastructure industries. Objective Corporation Limited was founded in 1987 and is headquartered in North Sydney, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/27 14:52|
|End of Day Share Price||2020/05/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.