OBJECTIVE CORPORATION LIMITED (OCL)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

OCL - OBJECTIVE CORPORATION LIMITED

FNArena Sector : IT & Support
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 0.32
Index: ALL-ORDS | ALL-TECH

LAST PRICE CHANGE +/- CHANGE % VOLUME

$17.30

20 Nov
2024

-0.050

OPEN

$17.52

-0.29%

HIGH

$17.59

32,505

LOW

$17.25

TARGET
$14.467 -16.4% downside
OTHER COMPANIES IN THE SAME SECTOR
APX . DTL . FLN . HSN . IRI . STG . TNE .
FNARENA'S MARKET CONSENSUS FORECASTS
OCL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 32.9 36.3 xxx
DPS (cps) xxx 17.0 18.4 xxx
EPS Growth xxx 48.3% 10.3% xxx
DPS Growth xxx 25.9% 7.9% xxx
PE Ratio xxx N/A 47.5 xxx
Dividend Yield xxx N/A 1.1% xxx
Div Pay Ratio(%) xxx 51.6% 50.6% xxx

Dividend yield today if purchased 3 years ago: 0.82%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.99

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 09/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx32.9
DPS All xxxxxxxxxxxxxxx17.0
Sales/Revenue xxxxxxxxxxxxxxx114.8 M
Book Value Per Share xxxxxxxxxxxxxxx97.1
Net Operating Cash Flow xxxxxxxxxxxxxxx55.8 M
Net Profit Margin xxxxxxxxxxxxxxx27.29 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx37.78 %
Return on Invested Capital xxxxxxxxxxxxxxx32.99 %
Return on Assets xxxxxxxxxxxxxxx18.67 %
Return on Equity xxxxxxxxxxxxxxx37.78 %
Return on Total Capital xxxxxxxxxxxxxxx37.23 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx42.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx11 M
Total Debt xxxxxxxxxxxxxxx13 M
Goodwill - Gross xxxxxxxxxxxxxxx39 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx96 M
Price To Book Value xxxxxxxxxxxxxxx12.39

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx15.1 M
Capex % of Sales xxxxxxxxxxxxxxx13.15 %
Cost of Goods Sold xxxxxxxxxxxxxxx14 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx65 M
Research & Development xxxxxxxxxxxxxxx17 M
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

26/08/2024

3

Downgrade to Hold from Add

$14.00

-19.08%

While Objective Corp's FY24 result was broadly in line with forecasts by Morgans and consensus, annual recurring revenue (ARR) growth of 11% missed the 12.7% expected by the broker.

Management reiterated the 15% net ARR growth target for FY25, yet the broker prefers to stay conservative with a 13.3% forecast due to the risk of slippage for future deals.

The $14 target is unchanged, but the broker's rating is downgraded to Hold from Add on valuation.

FORECAST
Morgans forecasts a full year FY25 dividend of 17.20 cents and EPS of 33.90 cents.
Morgans forecasts a full year FY26 dividend of 18.00 cents and EPS of 38.60 cents.

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Goldman Sachs

27/08/2024

3

Neutral

$13.75

-20.52%

Objective Corp's FY24 result proved mixed, revenue meeting Goldman Sachs' forecasts and earnings (EBITDA) falling -4% short due to higher-than-expected operating expenditure.

Annual recurring revenue (ARR) fell -2% short of the broker's forecast due to delayed timing of deals, which should settle this month, and management retained its 15% ARR guidance for FY25. On the upside, SaaS ARR gew 15%.

Goldman Sachs concedes a strong margin, scaling and cloud-transition performance could pose upside risks to its forecasts but the broker spies more risk should the company miss its 15% ARR guidance.

Neutral rating  and $13.75 target price retained. 

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 13.00 cents and EPS of 36.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 16.00 cents and EPS of 40.00 cents.
Access Extra Coverage Research History >

OCL STOCK CHART

FNArena News on OCL

1
Rudi’s View: Market Reflects Risk & Opportunities

Oct 09 2024 - Rudi's View
2
Australian Broker Call *Extra* Edition – Oct 08, 2024

Oct 08 2024 - Daily Market Reports
3
Quality By Any Objective Measure

Oct 04 2024 - Small Caps
4
Rudi’s View: Growth Is Not A Dirty Word

Sep 25 2024 - Rudi's View
5
Australian Broker Call *Extra* Edition – Sep 04, 2024

Sep 04 2024 - Daily Market Reports

Latest IT & Support News

1
Quality By Any Objective Measure

Oct 04 2024 - Small Caps
2
Rudi’s View: It’s Special vs Cheap, But Who’s Most At Risk?

May 29 2024 - Rudi's View
3
Treasure Chest: TechnologyOne’s Transition

Mar 18 2024 - Treasure Chest
4
Hansen Technologies: Focus On FY26

Feb 26 2024 - Small Caps
5
Data#3 Guilty Of Miscommunication

Feb 19 2024 - Small Caps
6
Dropsuite Trajectory Impresses

Oct 25 2023 - Small Caps
7
Disciplined Hansen Technologies Remains Upbeat

Feb 24 2023 - Small Caps
8
Data#3 Has Growth Locked In For FY23

Aug 23 2022 - Small Caps
9
Treasure Chest: Appen Downgraded

Aug 03 2022 - Treasure Chest
10
Nitro Software Disappoints, Better Times Ahead?

Jul 28 2022 - Small Caps