OBJECTIVE CORPORATION LIMITED (OCL)
Share Price Analysis and Chart

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OCL

OCL - OBJECTIVE CORPORATION LIMITED

FNArena Sector : IT & Support
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 0.26
Index: ASX300 | ALL-ORDS | ALL-TECH

LAST PRICE CHANGE +/- CHANGE % VOLUME

$10.23

25 Jun
2026

-0.100

OPEN

$10.26

-0.97%

HIGH

$10.36

83,344

LOW

$10.06

TARGET
$14.60

-2.07 change from previous day

 42.7% upside
OTHER COMPANIES IN THE SAME SECTOR
APX . DTL . FLN . HSN . IRI . STG . STH . TNE .
FNARENA'S MARKET CONSENSUS FORECASTS
OCL: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 38.9 27.3 xxx
DPS (cps) xxx 26.0 17.0 xxx
EPS Growth xxx 4.6% - 29.7% xxx
DPS Growth xxx 18.2% - 34.7% xxx
PE Ratio xxx N/A 22.8 xxx
Dividend Yield xxx N/A 2.7% xxx
Div Pay Ratio(%) xxx 66.9% 62.1% xxx

Dividend yield today if purchased 3 years ago: 2.47%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.18

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: 02/09 - ex-div 8.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx38.9
DPS All xxxxxxxxxxxxxxx26.0
Sales/Revenue xxxxxxxxxxxxxxx131.6 M
Book Value Per Share xxxxxxxxxxxxxxx114.7
Net Operating Cash Flow xxxxxxxxxxxxxxx49.3 M
Net Profit Margin xxxxxxxxxxxxxxx28.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx34.49 %
Return on Invested Capital xxxxxxxxxxxxxxx32.23 %
Return on Assets xxxxxxxxxxxxxxx18.80 %
Return on Equity xxxxxxxxxxxxxxx34.49 %
Return on Total Capital xxxxxxxxxxxxxxx35.44 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx23.9 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx7 M
Total Debt xxxxxxxxxxxxxxx10 M
Goodwill - Gross xxxxxxxxxxxxxxx41 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx93 M
Price To Book Value xxxxxxxxxxxxxxx8.98

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx18.0 M
Capex % of Sales xxxxxxxxxxxxxxx13.68 %
Cost of Goods Sold xxxxxxxxxxxxxxx16 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx73 M
Research & Development xxxxxxxxxxxxxxx16 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

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

24/04/2026

1

Buy

$14.60

42.72%

Morgans lowers target prices across its Technology, Media & Gaming coverage to reflect higher discount rates.

The broker's house risk-free rate is increased to 4.6% from 4.2%. Greater uncertainty around terminal values driven by AI is also taken into account for valuations.

Given the sector's long-duration cash flows, technology remains highly sensitive to interest rates, the analysts highlight, with every 50bps increase reducing valuations by around -13% on a discounted cash flow (DCF) valuation basis.

Australian rates have already risen 50bps year-to-date, with further increases expected.

The broker's key picks are WiseTech Global, Megaport, REA Group, CAR Group and Light & Wonder.

The target for Objective Corp falls by -13% to $14.60. The Buy is retained.

FORECAST
Morgans forecasts a full year FY26 dividend of 24.00 cents and EPS of 37.00 cents.
Morgans forecasts a full year FY27 dividend of 25.00 cents and EPS of 41.00 cents.
Access Stockbroker Research History >
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

Shaw and Partners

11/05/2026

1

Buy

$22.10

116.03%

Shaw and Partners maintains a Buy rating for Objective Corp and an unchanged $22.10 target price following a confident management presentation at the TechRise Conference.

The broker notes the business is in its strongest position in years, with Information Intelligence demand exceeding expectations and the Build Australia platform on track to secure live customers by June 30.

Management retained FY26 annual recurring revenue growth guidance of 10% to 14%, framing artificial intelligence as a productivity tailwind rather than a disruption risk.

Expanding scale across maturing products like RegWorks and Build Australia is expected to drive operating leverage and make a meaningful margin contribution from FY27.

The report leaves earnings per share forecasts unchanged, reflecting ongoing confidence in the 15% long-term growth target.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 22.00 cents and EPS of 36.10 cents.
Shaw and Partners forecasts a full year FY27 dividend of 26.00 cents and EPS of 42.60 cents.
Access Extra Coverage Research History >

OCL STOCK CHART

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