Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

General Information

Objective Corporation Limited
Application Software

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$1.88 - - - $1.88 0 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Strong Buy

Company Overview

Business Description
Objective Corporation Limited (OCL) is engaged in the supply of information technology software and services. The Company provides content, collaboration and process management solutions for the public sector in Asia Pacific and Europe.
Strategy Analysis
OCL has developed a range of business applications to target specific business problems such as: recordkeeping compliance, process improvement, ISO&FDA quality management, case file management, virtual project office and correspondence management. OCL has identified several areas as growth opportunities including addressing and capitalising on the growing demand for enterprise content management solutions, increasing penetration in the public sector market, expanding service and delivery capabilities and targeting new geographic markets. OCL has increased research and development expenditure by 21% to $4.3m, and plans to increase this further in FY06.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A 5.7 6.0 56.5% 11.3 3.5 5.1% 100.0%
2013 A 3.9 3.9 -7.7% 12.8 3.0 6.1% 33.3%
2012 A 4.6 4.2 63.3% 6.1 2.5 9.8% 80.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Altium (ALU) $544M 1.6731 0.3107 0.2315 43.4783 33.1721 26.9360 2.50% 3.81% 3.92%
Hansen Technologies (HSN) $421M 0.6071 0.1189 0.1291 27.4444 24.5283 21.7238 2.43% 2.71% 3.04%
Infomedia (IFM) $351M 0.2158 0.1050 0.2308 28.5000 25.7919 20.9559 3.32% 3.33% 4.12%
Objective Corp (OCL) $171M 0.5647 0.0000 0.0000 31.1258 0.0000 0.0000 1.86% 0.00% 0.00%
Technology One (TNE) $1,234M 0.1346 0.1572 0.1096 40.4665 34.9693 31.5166 1.54% 1.73% 1.96%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.37 31.10 13.80 0.00
Market 1.07 14.50 1.04 0.63
Sector 0.98 25.00 3.49 0.93


Name Position Start Date
Mr Tony Walls Chairman, Chief Executive Officer 14/03/1991
Mr Leigh Warren Non-Executive Director 14/08/2007
Mr Gary Fisher Non-Executive Director 14/03/1991
Nick Kingsbury Non-Executive Director 01/07/2008


Name Position
Stephen Bool Chief Operating Officer
Robert Paterson Company Secretary
Jeremy Goddard Global Vice President, Enterprise Solutions
Adrian Rudman Global Vice President, Industry Solutions
Scott McIntyre Managing Director EMEA

Substantial Shareholders

Holding Name
62,000,000 (70.17%) TBW Group Pty Ltd
12,513,992 (14.16%) HSBC Custody Nominees (Australia) Limited

Calendar of Events

Date Event
23 February 2016 Report (Interim)
09 October 2015 Report (Annual)
26 August 2015 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.