OCL Stock Overview
Objective Corporation Limited, together with its subsidiaries, supplies information technology software and services in Australia, the United Kingdom, New Zealand, and internationally.
No risks detected for OCL from our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$13.15|
|52 Week High||AU$22.11|
|52 Week Low||AU$12.50|
|1 Month Change||-15.00%|
|3 Month Change||-8.36%|
|1 Year Change||-28.69%|
|3 Year Change||216.87%|
|5 Year Change||396.23%|
|Change since IPO||1,321.62%|
Recent News & Updates
With EPS Growth And More, Objective (ASX:OCL) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Estimating The Intrinsic Value Of Objective Corporation Limited (ASX:OCL)
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|OCL||AU Software||AU Market|
Return vs Industry: OCL underperformed the Australian Software industry which returned -26.6% over the past year.
Return vs Market: OCL underperformed the Australian Market which returned -12.6% over the past year.
|OCL Average Weekly Movement||5.3%|
|Software Industry Average Movement||11.0%|
|Market Average Movement||9.6%|
|10% most volatile stocks in AU Market||16.8%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: OCL is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: OCL's weekly volatility (5%) has been stable over the past year.
About the Company
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 enterprise information; Objective Nexus, a SaaS based solution providing records compliance, enterprise scale information management, and process automation; Objective Inform, which provides document management, records management, office 365, SharePoint governance, reporting insights, and drawings management solutions; Objective Perform to streamline and automate content-driven processes; Objective ECM, an information management and process automation solution; Objective Connect, a secure external file sharing application; Objective Redact, a redaction software for security for conscious organizations; and Objective GOV365. The company also provides Objective Ministerials, a workflow software for ministerial briefs and correspondence, as well as offers professional, managed, training and education, and technical support services; Objective Build, a management platform; Objective OpenGov to locate, collaborate, protect, and release information; Objective Trapeze, a software purpose-built for planners and building teams; Objective Keystone solution to author, approve, and publish documents; Objective REGWORKS, a software designed specifically for regulation, compliance, and enforcement; and Objective REACH, a solution for matching data.
Objective Fundamentals Summary
|OCL fundamental statistics|
Is OCL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OCL income statement (TTM)|
|Cost of Revenue||AU$5.62m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.21|
|Net Profit Margin||18.37%|
How did OCL perform over the long term?See historical performance and comparison
0.8%Current Dividend Yield
Is OCL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for OCL?
Other financial metrics that can be useful for relative valuation.
|What is OCL's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does OCL's PE Ratio compare to its peers?
|OCL PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
HSN Hansen Technologies
TNE Technology One
Price-To-Earnings vs Peers: OCL is expensive based on its Price-To-Earnings Ratio (63.9x) compared to the peer average (36.6x).
Price to Earnings Ratio vs Industry
How does OCL's PE Ratio compare vs other companies in the AU Software Industry?
Price-To-Earnings vs Industry: OCL is expensive based on its Price-To-Earnings Ratio (63.9x) compared to the Australian Software industry average (46.5x)
Price to Earnings Ratio vs Fair Ratio
What is OCL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||63.9x|
|Fair PE Ratio||41.1x|
Price-To-Earnings vs Fair Ratio: OCL is expensive based on its Price-To-Earnings Ratio (63.9x) compared to the estimated Fair Price-To-Earnings Ratio (41.1x).
Share Price vs Fair Value
What is the Fair Price of OCL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: OCL (A$13.15) is trading below our estimate of fair value (A$14.55)
Significantly Below Fair Value: OCL is trading below fair value, but not by a significant amount.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Objective forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OCL's forecast earnings growth (23.1% per year) is above the savings rate (1.8%).
Earnings vs Market: OCL's earnings (23.1% per year) are forecast to grow faster than the Australian market (6.6% per year).
High Growth Earnings: OCL's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: OCL's revenue (14.7% per year) is forecast to grow faster than the Australian market (3.6% per year).
High Growth Revenue: OCL's revenue (14.7% 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 (33.9%)
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How has Objective performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OCL has high quality earnings.
Growing Profit Margin: OCL's current net profit margins (18.4%) are higher than last year (16.9%).
Past Earnings Growth Analysis
Earnings Trend: OCL's earnings have grown significantly by 21.5% per year over the past 5 years.
Accelerating Growth: OCL's earnings growth over the past year (21.6%) exceeds its 5-year average (21.5% per year).
Earnings vs Industry: OCL earnings growth over the past year (21.6%) exceeded the Software industry -10.7%.
Return on Equity
High ROE: OCL's Return on Equity (31.6%) is considered high.
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How is Objective's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: OCL's short term assets (A$86.4M) exceed its short term liabilities (A$71.7M).
Long Term Liabilities: OCL's short term assets (A$86.4M) exceed its long term liabilities (A$6.8M).
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.
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What is Objective current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Objective Dividend Yield vs Market|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.2%|
|Industry Average (Software)||1.1%|
|Analyst forecast in 3 Years (Objective)||1.3%|
Notable Dividend: OCL's dividend (0.84%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.8%).
High Dividend: OCL's dividend (0.84%) is low compared to the top 25% of dividend payers in the Australian market (7.19%).
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.
Earnings Payout to Shareholders
Earnings Coverage: OCL is not paying a notable dividend for the Australian market.
Cash Payout to Shareholders
Cash Flow Coverage: OCL is not paying a notable dividend for the Australian market.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Tony Walls serves as the 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 Asia Pacifi...
CEO Compensation Analysis
|Tony Walls's Compensation vs Objective Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||AU$300k||AU$276k|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||AU$303k||AU$278k|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||AU$319k||AU$279k|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||AU$319k||AU$280k|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||AU$300k||AU$280k|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||AU$300k||AU$280k|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||n/a||n/a|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||AU$299k||AU$280k|
Compensation vs Market: Tony's total compensation ($USD194.27K) is below average for companies of similar size in the Australian market ($USD1.08M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
Experienced Board: OCL's board of directors are seasoned and experienced ( 14.2 years average tenure).
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
|06 Sep 22||SellAU$4,350,000||Marlaine Ltd||Company||300,000||AU$14.50|
|09 Nov 21||SellAU$40,399,998||Marlaine Ltd||Company||2,000,000||AU$20.20|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Objective Corporation Limited's employee growth, exchange listings and data sources
- Name: Objective Corporation Limited
- Ticker: OCL
- Exchange: ASX
- Founded: 1987
- Industry: Application Software
- Sector: Software
- Implied Market Cap: AU$1.235b
- Shares outstanding: 95.01m
- Website: https://www.objective.com.au
Number of Employees
- 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|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 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.