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OXIG

Oxford InstrumentsLSE:OXIG Stock Report

Last Price

UK£23.60

Market Cap

UK£1.4b

7D

-2.1%

1Y

21.6%

Updated

17 Jan, 2022

Data

Company Financials +
OXIG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends0/6

OXIG Stock Overview

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.

Rewards

Earnings are forecast to grow 10.44% per year

Earnings grew by 28.5% over the past year

Risk Analysis

No risks detected for OXIG from our risk checks.

Oxford Instruments Competitors

Spectris

LSE:SXS

UK£3.9b

Thermo Fisher Scientific

NYSE:TMO

US$234.4b

Danaher

NYSE:DHR

US$209.6b

Applied Materials

NasdaqGS:AMAT

US$148.4b

Price History & Performance

Summary of all time highs, changes and price drops for Oxford Instruments
Historical stock prices
Current Share PriceUK£23.60
52 Week HighUK£28.30
52 Week LowUK£17.00
Beta0.95
1 Month Change-8.35%
3 Month Change-1.67%
1 Year Change21.65%
3 Year Change165.17%
5 Year Change206.49%
Change since IPO1,051.22%

Recent News & Updates

Jan 05
We Think Oxford Instruments (LON:OXIG) Can Manage Its Debt With Ease

We Think Oxford Instruments (LON:OXIG) Can Manage Its Debt With Ease

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Nov 21
Is Oxford Instruments plc (LON:OXIG) Worth UK£23.5 Based On Its Intrinsic Value?

Is Oxford Instruments plc (LON:OXIG) Worth UK£23.5 Based On Its Intrinsic Value?

How far off is Oxford Instruments plc ( LON:OXIG ) from its intrinsic value? Using the most recent financial data...

Nov 07
Investors Will Want Oxford Instruments' (LON:OXIG) Growth In ROCE To Persist

Investors Will Want Oxford Instruments' (LON:OXIG) Growth In ROCE To Persist

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...

Oct 26
Does Oxford Instruments (LON:OXIG) Deserve A Spot On Your Watchlist?

Does Oxford Instruments (LON:OXIG) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

OXIGGB ElectronicGB Market
7D-2.1%-7.1%-0.5%
1Y21.6%3.1%8.7%

Return vs Industry: OXIG exceeded the UK Electronic industry which returned 3.1% over the past year.

Return vs Market: OXIG exceeded the UK Market which returned 8.7% over the past year.

Price Volatility

Is OXIG's price volatile compared to industry and market?
OXIG volatility
OXIG Average Weekly Movement4.3%
Electronic Industry Average Movement5.6%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.5%
10% least volatile stocks in GB Market2.4%

Stable Share Price: OXIG is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OXIG's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19591,619Ian Barkshirehttps://www.oxinst.com

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. It operates through e Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force microscopy products; tools for use in research and development across a range of applications, including semiconductors, renewable energy, mining, metallurgy, and forensics; etch and deposition processing equipment and solutions for use in power and RF devices, VCSELs/lasers, 2D materials, augmented reality, biomems, failure analysis, HBLEDs, infrared sensors, MEMS and sensors, and quantum; and low temperature systems comprising wet systems, magnet systems, instrumentation products, and custom and specialty systems.

Oxford Instruments Fundamentals Summary

How do Oxford Instruments's earnings and revenue compare to its market cap?
OXIG fundamental statistics
Market CapUK£1.36b
Earnings (TTM)UK£42.40m
Revenue (TTM)UK£348.30m

32.1x

P/E Ratio

3.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OXIG income statement (TTM)
RevenueUK£348.30m
Cost of RevenueUK£168.20m
Gross ProfitUK£180.10m
ExpensesUK£137.70m
EarningsUK£42.40m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jun 14, 2022

Earnings per share (EPS)0.74
Gross Margin51.71%
Net Profit Margin12.17%
Debt/Equity Ratio17.6%

How did OXIG perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

23%

Payout Ratio

Valuation

Is Oxford Instruments undervalued compared to its fair value and its price relative to the market?

32.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OXIG (£23.6) is trading above our estimate of fair value (£17.77)

Significantly Below Fair Value: OXIG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OXIG is poor value based on its PE Ratio (32.1x) compared to the UK Electronic industry average (30.4x).

PE vs Market: OXIG is poor value based on its PE Ratio (32.1x) compared to the UK market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: OXIG is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: OXIG is overvalued based on its PB Ratio (4.9x) compared to the GB Electronic industry average (2.5x).


Future Growth

How is Oxford Instruments forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

10.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OXIG's forecast earnings growth (10.4% per year) is above the savings rate (0.9%).

Earnings vs Market: OXIG's earnings (10.4% per year) are forecast to grow slower than the UK market (12.1% per year).

High Growth Earnings: OXIG's earnings are forecast to grow, but not significantly.

Revenue vs Market: OXIG's revenue (4.2% per year) is forecast to grow slower than the UK market (4.9% per year).

High Growth Revenue: OXIG's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if OXIG's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Oxford Instruments performed over the past 5 years?

47.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OXIG has high quality earnings.

Growing Profit Margin: OXIG's current net profit margins (12.2%) are higher than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: OXIG's earnings have grown significantly by 47.9% per year over the past 5 years.

Accelerating Growth: OXIG's earnings growth over the past year (28.5%) is below its 5-year average (47.9% per year).

Earnings vs Industry: OXIG earnings growth over the past year (28.5%) exceeded the Electronic industry 10.3%.


Return on Equity

High ROE: OXIG's Return on Equity (15.2%) is considered low.


Financial Health

How is Oxford Instruments's financial position?


Financial Position Analysis

Short Term Liabilities: OXIG's short term assets (£275.7M) exceed its short term liabilities (£204.8M).

Long Term Liabilities: OXIG's short term assets (£275.7M) exceed its long term liabilities (£17.9M).


Debt to Equity History and Analysis

Debt Level: OXIG has more cash than its total debt.

Reducing Debt: OXIG's debt to equity ratio has reduced from 117.8% to 17.6% over the past 5 years.

Debt Coverage: OXIG's debt is well covered by operating cash flow (74.2%).

Interest Coverage: OXIG's interest payments on its debt are well covered by EBIT (39.5x coverage).


Balance Sheet


Dividend

What is Oxford Instruments's current dividend yield, its reliability and sustainability?

0.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OXIG's dividend (0.73%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: OXIG's dividend (0.73%) is low compared to the top 25% of dividend payers in the UK market (4.05%).


Stability and Growth of Payments

Stable Dividend: OXIG is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: OXIG is not paying a notable dividend for the UK market, therefore no need to check if payments are 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?

5.7yrs

Average management tenure


CEO

Ian Barkshire (55 yo)

5.67yrs

Tenure

UK£2,244,000

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 ($USD3.06M) is above average for companies of similar size in the UK market ($USD1.56M).

Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: OXIG's management team is seasoned and experienced (5.7 years average tenure).


Board Members

Experienced Board: OXIG's board of directors are considered experienced (5.7 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 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
  • Implied Market Cap: UK£1.359b
  • Shares outstanding: 57.59m
  • Website: https://www.oxinst.com

Number of Employees


Location

  • Oxford Instruments plc
  • Tubney Woods
  • Abingdon
  • Oxfordshire
  • OX13 5QX
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 22:58
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.