Oxford Instruments
Market Cap
UK£874.4m
Last Updated
2020/10/28 22:28 UTC
Data Sources
Company Financials +
Executive Summary
Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United Kingdom, China, Japan, the United States, Germany, rest of Europe, rest of Asia, and internationally. More Details
Rewards
Risk Analysis
No risks detected for OXIG from our risk checks.
Snowflake Analysis
Flawless balance sheet with proven track record.
Similar Companies
Share Price & News
How has Oxford Instruments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OXIG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-9.0%
OXIG
-4.2%
GB Electronic
-3.4%
GB Market
1 Year Return
17.6%
OXIG
20.0%
GB Electronic
-19.7%
GB Market
Return vs Industry: OXIG underperformed the UK Electronic industry which returned 20% over the past year.
Return vs Market: OXIG exceeded the UK Market which returned -19.7% over the past year.
Shareholder returns
| OXIG | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.0% | -4.2% | -3.4% |
| 30 Day | -4.9% | 1.6% | -4.5% |
| 90 Day | 11.2% | 6.5% | -5.1% |
| 1 Year | 17.6%17.6% | 21.0%20.0% | -16.6%-19.7% |
| 3 Year | 59.6%55.4% | 37.3%31.9% | -12.8%-23.6% |
| 5 Year | 191.9%175.1% | 141.1%124.1% | 9.9%-14.9% |
Price Volatility Vs. Market
How volatile is Oxford Instruments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
If You Like EPS Growth Then Check Out Oxford Instruments (LON:OXIG) Before It's Too Late3 weeks ago | Simply Wall St
Investors Who Bought Oxford Instruments (LON:OXIG) Shares Five Years Ago Are Now Up 137%1 month ago | Simply Wall St
Should You Use Oxford Instruments's (LON:OXIG) Statutory Earnings To Analyse It?Valuation
Is Oxford Instruments undervalued compared to its fair value and its price relative to the market?
27.29x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OXIG (£15.24) is trading above our estimate of fair value (£4.57)
Significantly Below Fair Value: OXIG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OXIG's PE Ratio (27.3x) is in line with the GB Electronic industry average.
PE vs Market: OXIG is poor value based on its PE Ratio (27.3x) compared to the UK market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: OXIG is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: OXIG is overvalued based on its PB Ratio (3.5x) compared to the GB Electronic industry average (2.3x).
Next Steps
Future Growth
How is Oxford Instruments forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
6.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OXIG's forecast earnings growth (6.4% per year) is above the savings rate (1.2%).
Earnings vs Market: OXIG's earnings (6.4% per year) are forecast to grow slower than the UK market (23.9% per year).
High Growth Earnings: OXIG's earnings are forecast to grow, but not significantly.
Revenue vs Market: OXIG's revenue (1.3% per year) is forecast to grow slower than the UK market (5.8% per year).
High Growth Revenue: OXIG's revenue (1.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OXIG's Return on Equity is forecast to be low in 3 years time (13%).
Next Steps
Past Performance
How has Oxford Instruments performed over the past 5 years?
56.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OXIG has high quality earnings.
Growing Profit Margin: OXIG's current net profit margins (10.1%) are higher than last year (8.9%).
Past Earnings Growth Analysis
Earnings Trend: OXIG has become profitable over the past 5 years, growing earnings by 56.1% per year.
Accelerating Growth: OXIG's earnings growth over the past year (14.9%) is below its 5-year average (56.1% per year).
Earnings vs Industry: OXIG earnings growth over the past year (14.9%) exceeded the Electronic industry -2.1%.
Return on Equity
High ROE: OXIG's Return on Equity (12.7%) is considered low.
Next Steps
Financial Health
How is Oxford Instruments's financial position?
Financial Position Analysis
Short Term Liabilities: OXIG's short term assets (£226.4M) exceed its short term liabilities (£169.8M).
Long Term Liabilities: OXIG's short term assets (£226.4M) exceed its long term liabilities (£18.5M).
Debt to Equity History and Analysis
Debt Level: OXIG's debt to equity ratio (11.1%) is considered satisfactory.
Reducing Debt: OXIG's debt to equity ratio has reduced from 114.9% to 11.1% over the past 5 years.
Debt Coverage: OXIG's debt is well covered by operating cash flow (197.8%).
Interest Coverage: OXIG's interest payments on its debt are well covered by EBIT (41.5x coverage).
Balance Sheet
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Dividend
What is Oxford Instruments's current dividend yield, its reliability and sustainability?
0.95%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OXIG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate OXIG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if OXIG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OXIG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: OXIG is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OXIG's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average board tenure
CEO
Ian Barkshire (54 yo)
4.42yrs
Tenure
UK£1,839,000
Compensation
Dr. Ian Barkshire has been the Chief Executive of Oxford Instruments plc since May 11, 2016 and its Executive Director since November 10, 2015. Dr. Barkshire served as the Chief Operating Officer of Oxford ...
CEO Compensation Analysis
Compensation vs Market: Ian's total compensation ($USD2.39M) is above average for companies of similar size in the UK market ($USD1.15M).
Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive & Executive Director | 4.42yrs | UK£1.84m | 0.022% £ 191.5k | |
| Group Finance Director & Executive Director | 4.42yrs | UK£1.39m | 0.011% £ 92.7k | |
| Independent Non-Executive Director | 6.08yrs | UK£50.00k | no data | |
| Independent Non-Executive Director | 7.75yrs | UK£57.00k | no data | |
| Independent Chairman of the Board | 1.83yrs | UK£180.00k | 0.014% £ 121.9k | |
| Independent Non-Executive Director | 0.083yr | no data | no data | |
| Senior Independent Non-Executive Director | 3.25yrs | UK£57.00k | no data | |
| Independent Non-Executive Director | 4.67yrs | UK£57.00k | 0.0017% £ 15.2k |
4.5yrs
Average Tenure
58.5yo
Average Age
Experienced Board: OXIG's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Oxford Instruments plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Oxford Instruments plc
- Ticker: OXIG
- Exchange: LSE
- Founded: 1959
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: UK£874.411m
- Shares outstanding: 57.38m
- Website: https://www.oxinst.com
Number of Employees
Location
- Oxford Instruments plc
- Tubney Woods
- Abingdon
- Oxfordshire
- OX13 5QX
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OXIN.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| OXIG | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| OXIGL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
Biography
Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United Kingdom, China, Japan, the United States, Germany, rest of E ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/28 22:28 |
| End of Day Share Price | 2020/10/28 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.