Financials Objective Corporation Limited

Equities

OCL

AU000000OCL7

IT Services & Consulting

Market Closed - Australian S.E. 02:10:45 2024-04-26 am EDT 5-day change 1st Jan Change
12.43 AUD -1.43% Intraday chart for Objective Corporation Limited +3.41% -0.64%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 260.1 688.8 1,642 1,303 1,311 1,183 - -
Enterprise Value (EV) 1 260.1 688.8 1,642 1,239 1,254 1,108 1,092 1,069
P/E ratio - 63.6 x 104 x 67.3 x 62 x 36 x 33.1 x 28.7 x
Yield - 0.95% 0.52% 0.8% 0.98% 1.27% 1.51% 1.75%
Capitalization / Revenue 4.19 x 9.84 x 17.3 x 12.2 x 11.9 x 10.1 x 9.04 x 8.1 x
EV / Revenue 4.19 x 9.84 x 17.3 x 11.6 x 11.4 x 9.45 x 8.35 x 7.33 x
EV / EBITDA - 40 x 64.2 x 40.4 x 48.2 x 24.7 x 21 x 17.5 x
EV / FCF - 24.7 x 69.6 x 42.2 x 54.9 x 40.8 x 34.5 x 27.3 x
FCF Yield - 4.05% 1.44% 2.37% 1.82% 2.45% 2.89% 3.66%
Price to Book - - - - 18 x 12.6 x 10.2 x 8.34 x
Nbr of stocks (in thousands) 92,879 93,328 94,010 94,888 95,187 95,155 - -
Reference price 2 2.800 7.380 17.47 13.73 13.77 12.43 12.43 12.43
Announcement Date 10/24/19 7/14/20 8/26/21 8/28/22 8/20/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 62.06 70 95.1 106.5 110 117.3 130.8 145.9
EBITDA 1 - 17.2 25.6 30.7 26 44.88 52.03 61
EBIT 1 - 15.47 20.75 25.17 21.14 37.41 41.54 47.95
Operating Margin - 22.1% 21.82% 23.63% 19.22% 31.9% 31.76% 32.85%
Earnings before Tax (EBT) 1 - 13.59 20.23 23.4 21.98 38.09 43.88 51
Net income 1 - 11 16.1 19.56 21 33.32 35.81 41.14
Net margin - 15.71% 16.93% 18.37% 19.09% 28.41% 27.38% 28.19%
EPS 2 - 0.1160 0.1680 0.2040 0.2220 0.3457 0.3755 0.4329
Free Cash Flow 1 - 27.92 23.58 29.33 22.86 27.14 31.6 39.13
FCF margin - 39.89% 24.8% 27.54% 20.78% 23.14% 24.16% 26.82%
FCF Conversion (EBITDA) - 162.35% 92.12% 95.53% 87.9% 60.47% 60.73% 64.15%
FCF Conversion (Net income) - 253.85% 146.48% 149.91% 108.83% 81.45% 88.25% 95.13%
Dividend per Share 2 - 0.0700 0.0900 0.1100 0.1350 0.1582 0.1877 0.2174
Announcement Date 10/24/19 7/14/20 8/26/21 8/28/22 8/20/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 33.26 36.74 46.5 52.68 53.83 55.03 54.97 57.78 59.86 63.3 66.81
EBITDA - 10.39 11.8 - - - 13.34 21.67 - - -
EBIT 1 - 9.6 9.105 12.68 12.49 10.94 10.2 19.97 18.61 18.88 21.06
Operating Margin - 26.13% 19.58% 24.06% 23.2% 19.87% 18.57% 34.56% 31.08% 29.83% 31.52%
Earnings before Tax (EBT) - - - - - - - - - - -
Net income - 6.75 7.2 - - - 10.36 16.4 - - -
Net margin - 18.37% 15.48% - - - 18.85% 28.39% - - -
EPS 2 0.0450 0.0710 0.0750 - - - 0.1110 0.1690 0.1900 - -
Dividend per Share - 0.0700 - - - - - - - - -
Announcement Date 2/24/20 7/14/20 2/24/21 2/23/22 8/28/22 2/15/23 8/20/23 2/21/24 - - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - 63.8 56.6 74.7 91.1 113
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 27.9 23.6 29.3 22.9 27.1 31.6 39.1
ROE (net income / shareholders' equity) - 33.7% - 35.9% 31.1% 36.3% 33.2% 32.2%
ROA (Net income/ Total Assets) - 12.5% - - 14% 17.7% 17% 16.7%
Assets 1 - 87.75 - - 149.5 188 210.3 246.9
Book Value Per Share 2 - - - - 0.7700 0.9800 1.220 1.490
Cash Flow per Share 2 - - - - 0.2400 0.4200 0.4800 0.5700
Capex 1 - 1.23 1.12 1.21 0.57 15.8 17.3 19.2
Capex / Sales - 1.76% 1.17% 1.14% 0.52% 13.52% 13.23% 13.19%
Announcement Date 10/24/19 7/14/20 8/26/21 8/28/22 8/20/23 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
12.43 AUD
Average target price
12.45 AUD
Spread / Average Target
+0.15%
Consensus
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