Company Valuation: Objective Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,642 1,303 1,311 1,144 1,832 684 - -
Change - -20.67% 0.61% -12.73% 60.11% -62.65% - -
Enterprise Value (EV) 1 1,642 1,239 1,254 1,061 1,744 588.7 582.7 568.7
Change - -24.56% 1.22% -15.37% 64.3% -66.24% -1.02% -2.39%
P/E 104x 67.3x 62x 36.6x 52.3x 20x 22.6x 20x
PBR - - 18x 12.4x 17.2x 5.73x 5.18x 4.64x
PEG - 3.1x 7.03x 0.8x 4.7x -7.39x -2x 1.6x
Capitalization / Revenue 17.3x 12.2x 11.9x 9.74x 15.3x 5.16x 5.01x 4.57x
EV / Revenue 17.3x 11.6x 11.4x 9.03x 14.5x 4.44x 4.27x 3.8x
EV / EBITDA 64.2x 40.4x 48.2x 23.9x 37.5x 11.6x 11.8x 10.1x
EV / EBIT 79.1x 49.2x 59.3x 27.7x 45.8x 14.3x 15.6x 13.5x
EV / FCF 69.6x 42.2x 54.9x 27.4x 38.2x 22.9x 26x 17.5x
FCF Yield 1.44% 2.37% 1.82% 3.65% 2.62% 4.36% 3.85% 5.71%
Dividend per Share 2 0.09 0.11 0.135 0.17 0.22 0.2216 0.194 0.2217
Rate of return 0.52% 0.8% 0.98% 1.41% 1.15% 3.11% 2.72% 3.11%
EPS 2 0.168 0.204 0.222 0.329 0.366 0.3561 0.316 0.3566
Distribution rate 53.6% 53.9% 60.8% 51.7% 60.1% 62.2% 61.4% 62.2%
Net sales 1 95.1 106.5 110 117.5 120.1 132.6 136.6 149.8
EBITDA 1 25.6 30.7 26 44.33 46.5 50.73 49.45 56.26
EBIT 1 20.75 25.17 21.14 38.35 38.04 41.21 37.36 42.28
Net income 1 16.1 19.56 21 31.33 35.44 35.28 32.27 36.4
Net Debt 1 - -63.79 -56.6 -82.53 -87.71 -95.36 -101.4 -115.3
Reference price 2 17.470 13.730 13.770 12.030 19.160 7.130 7.130 7.130
Nbr of stocks (in thousands) 94,010 94,888 95,187 95,090 95,593 95,938 - -
Announcement Date 26/08/21 28/08/22 20/08/23 21/08/24 20/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.02x4.44x11.6x3.11% 478M
21.83x3.49x12.38x3.17% 200B
-94.18x14.89x86.21x-.--% 93.2B
10.67x1.17x6.15x4.52% 87.86B
14.71x2.68x10.13x5.59% 85.25B
19.62x5.15x12.71x2.9% 59.17B
14.24x2.08x8.72x5.47% 46.1B
20.09x1.49x9.43x0.98% 35.57B
18.84x1.52x9.54x1.58% 35.24B
16.4x2.11x9.79x5.27% 33.83B
Average 6.23x 3.90x 17.67x 3.26% 67.66B
Weighted average by Cap. 2.27x 4.43x 20.80x 3.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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