OBJECTIVE CORPORATION LIMITED (OCL)
Share Price Analysis and Chart

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OCL - OBJECTIVE CORPORATION LIMITED

FNArena Sector : IT & Support
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 0.61
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$12.35

25 Jul
2024

0.110

OPEN

$12.09

0.90%

HIGH

$12.44

17,658

LOW

$12.09

TARGET
$11.30 -8.5% downside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
APX . DTL . FLN . HSN . IRI . STG . TNE .
FNARENA'S MARKET CONSENSUS FORECASTS
OCL: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 22.2 29.8 xxx
DPS (cps) xxx 13.5 14.7 xxx
EPS Growth xxx 7.1% 34.4% xxx
DPS Growth xxx 22.7% 8.6% xxx
PE Ratio xxx N/A 41.0 xxx
Dividend Yield xxx N/A 1.2% xxx
Div Pay Ratio(%) xxx 60.8% 49.2% xxx

Dividend yield today if purchased 3 years ago: 0.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.10

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: 08/09 - ex-div 13.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx22.2
DPS All xxxxxxxxxxxxxxx13.5
Sales/Revenue xxxxxxxxxxxxxxx108.9 M
Book Value Per Share xxxxxxxxxxxxxxx77.3
Net Operating Cash Flow xxxxxxxxxxxxxxx23.4 M
Net Profit Margin xxxxxxxxxxxxxxx19.36 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx31.12 %
Return on Invested Capital xxxxxxxxxxxxxxx27.25 %
Return on Assets xxxxxxxxxxxxxxx14.04 %
Return on Equity xxxxxxxxxxxxxxx31.12 %
Return on Total Capital xxxxxxxxxxxxxxx26.32 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx12.5 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx13 M
Total Debt xxxxxxxxxxxxxxx16 M
Goodwill - Gross xxxxxxxxxxxxxxx39 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx73 M
Price To Book Value xxxxxxxxxxxxxxx17.81

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx0.6 M
Capex % of Sales xxxxxxxxxxxxxxx0.53 %
Cost of Goods Sold xxxxxxxxxxxxxxx12 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx76 M
Research & Development xxxxxxxxxxxxxxx27 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

0.3

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Shaw and Partners

23/02/2024

1

Buy

$14.40

16.60%

Shaw and Partners found the first half result from Objective Corp better than expected with annual recurring revenue growth of 10%, albeit below the 15% target because of "typical seasonality".

The main highlight was operating leverage and this gives the broker confidence that, as revenue accelerates, consistent leverage will be the result. Shaw and Partners reiterates a Buy rating and raises the target to $14.40 from $14.20.

FORECAST
Shaw and Partners forecasts a full year FY24 dividend of 16.00 cents and EPS of 32.90 cents.
Shaw and Partners forecasts a full year FY25 dividend of 18.50 cents and EPS of 35.10 cents.

Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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

No. Of Recommendations

1

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

Goldman Sachs

07/03/2024

3

Neutral

$13.75

11.34%

Goldman Sachs highlights the "solid" first half result from Objective Corp, with EBITDA ahead of estimates amid better gross margins on lower operating expenditure.

The broker notes the strong cost control and hails the fact the company allowed low-margin/non-core deals to churn yet envisages limited scope for the business to outperform in the absence of additional material deals. Neutral retained. Target is reduced to $13.75 from $13.80.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 14.00 cents and EPS of 34.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 17.00 cents and EPS of 36.00 cents.
Access Stockbroker Research History >

OCL STOCK CHART

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