Objective Corporation Limited (OCL)

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General Information
Company Name: Objective Corporation Limited
Stock Code: OCL
Website: www.objective.com
GICS Sub-Industry: Application Software
Market Cap ($M): 121
Equiv. Shares (M): 90

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 1.300 $ 1.305 $ 1.305 $ 1.290 $ 1.340 100,000 $ -0.040  -2.985 %

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.

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
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Altium (ALU) $319 M 1.6731 0.2980 0.2240 25.5435 19.6790 16.0775 4.52 5.27 6.26
Infomedia (IFM) $353 M 0.2158 0.1775 0.1062 28.7500 24.4161 22.0729 3.29 3.91 4.35
Isentia Group (ISD) $578 M -- -- 0.1371 -- 21.1877 18.6331 0.00 2.35 2.68
Objective Corp (OCL) $121 M 0.5647 -- -- 22.1854 -- -- 2.61 -- --
Technology One (TNE) $960 M 0.1389 0.1369 0.1670 35.7883 31.4777 26.9731 1.80 1.99 2.77

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
OCL 0.98 22.2 9.87 -- 2.63
Market 1.08 13.6 1.02 1.05 3.08
Sector 1.00 21.3 2.49 1.29 2.74

Name Position Start Date
Mr Tony Walls Chairman,Chief Executive Officer 14 March 1991
Mr Leigh Warren Non-Executive Director 14 August 2007
Mr Gary Fisher Non-Executive Director 14 March 1991
Nick Kingsbury Non-Executive Director 01 July 2008

Name Position
David Barnes --
Robert Paterson --
David Barnes Chief Financial Officer

Substantial Shareholders
Holding Name
25,000,000 (24.81%) JP Morgan Nominees Australia Limited
62,000,000 (61.54%) TBW Group Pty Ltd

Calendar of Events
Date Event
09 October 2015 Report (Annual)
26 August 2015 Report (Prelim)
17 February 2015 Report (Interim)
24 October 2014 Report (Annual)
© 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.


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