Objective Corporation Limited, together with its subsidiaries, provides information technology software and services in Australia, the United Kingdom, New Zealand, and internationally. More Details
No risks detected for OCL from our risk checks.
Outstanding track record with excellent balance sheet.
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 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: OCL's weekly volatility (7%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: OCL exceeded the Australian Software industry which returned 34.8% over the past year.
Return vs Market: OCL exceeded the Australian Market which returned 27.8% over the past year.
Long-Term 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 month ago | Simply Wall StDid You Participate In Any Of Objective's (ASX:OCL) Incredible 919% Return?
1 month ago | Simply Wall StObjective (ASX:OCL) Is Achieving High Returns On Its Capital
2 months ago | Simply Wall StIs Objective Corporation Limited's (ASX:OCL) Latest Stock Performance Being Led By Its Strong Fundamentals?
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$16.88) is trading above our estimate of fair value (A$6.99)
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 (112.7x) compared to the Australian Software industry average (29.7x).
PE vs Market: OCL is poor value based on its PE Ratio (112.7x) compared to the Australian market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OCL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OCL is overvalued based on its PB Ratio (43.2x) compared to the AU Software industry average (4.7x).
How is Objective forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Objective has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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 (16.8%) are higher than last year (14.6%).
Past Earnings Growth Analysis
Earnings Trend: OCL's earnings have grown by 16.2% per year over the past 5 years.
Accelerating Growth: OCL's earnings growth over the past year (44.9%) exceeds its 5-year average (16.2% per year).
Earnings vs Industry: OCL earnings growth over the past year (44.9%) exceeded the Software industry 32.9%.
Return on Equity
High ROE: OCL's Return on Equity (38.3%) is considered high.
How is Objective's financial position?
Financial Position Analysis
Short Term Liabilities: OCL's short term assets (A$38.8M) do not cover its short term liabilities (A$44.3M).
Long Term Liabilities: OCL's short term assets (A$38.8M) exceed its long term liabilities (A$10.9M).
Debt to Equity History and Analysis
Debt Level: OCL is debt free.
Reducing Debt: OCL has not had any debt for past 5 years.
Debt Coverage: OCL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: OCL has no debt, therefore coverage of interest payments is not a concern.
What is Objective current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OCL's dividend (0.41%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (1.99%).
High Dividend: OCL's dividend (0.41%) is low compared to the top 25% of dividend payers in the Australian market (4.98%).
Stability and Growth of Payments
Stable Dividend: OCL is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: OCL is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: OCL is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OCL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Tony Walls serves as the Chairman and Chief Executive Officer at Objective Corporation Limited. Mr. Walls founded Objective Corp. Ltd in 1987. Mr. Walls served as Chief Executive Officer of Asia Pacifi...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD234.24K) is below average for companies of similar size in the Australian market ($USD894.99K).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
Experienced Management: OCL's management team is seasoned and experienced (5.9 years average tenure).
Experienced Board: OCL's board of directors are considered experienced (3 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
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$1.588b
- Shares outstanding: 94.06m
- Website: https://www.objective.com
Number of Employees
- Objective Corporation Limited
- 177 Pacific Highway
- Level 30
- North Sydney
- New South Wales
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/31 08:27|
|End of Day Share Price||2021/07/30 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.