Oxford Instruments
Market Cap
UK£737.1m
Last Updated
2019/10/18 20:38 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 and internationally.
Snowflake
Fundamentals
Flawless balance sheet with solid track record and pays a dividend.
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
Market Performance
7 Day Return
2.4%
OXIG
-0.6%
GB Electronic
1.7%
GB Market
1 Year Return
35.6%
OXIG
5.8%
GB Electronic
2.9%
GB Market
Return vs Industry: OXIG exceeded the UK Electronic industry which returned 5.8% over the past year.
Return vs Market: OXIG exceeded the UK Market which returned 2.9% over the past year.
Shareholder returns
| OXIG | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.4% | -0.6% | 1.7% |
| 30 Day | -0.5% | -5.6% | -0.7% |
| 90 Day | -3.7% | -5.8% | -1.8% |
| 1 Year | 37.2%35.6% | 7.6%5.8% | 8.0%2.9% |
| 3 Year | 86.2%78.9% | 47.1%40.4% | 18.2%3.8% |
| 5 Year | 30.4%20.4% | 119.8%101.3% | 35.6%6.1% |
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
5 months ago | Simply Wall St
Oxford Instruments plc (LON:OXIG) Is Yielding 1.1% - But Is It A Buy?6 months ago | Simply Wall St
Are Oxford Instruments plc's (LON:OXIG) Interest Costs Too High?7 months ago | Simply Wall St
How Good Is Oxford Instruments plc (LON:OXIG) At Creating Shareholder Value?Valuation
Is Oxford Instruments undervalued compared to its fair value and its price relative to the market?
25.67x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: OXIG (£12.88) is trading above our estimate of fair value (£7.33)
Significantly Undervalued: 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 (25.7x) compared to the Electronic industry average (19.8x).
PE vs Market: OXIG is poor value based on its PE Ratio (25.7x) compared to the UK market (16.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: OXIG is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: OXIG is overvalued based on its PB Ratio (3.6x) compared to the GB Electronic industry average (2.1x).
Next Steps
Future Growth
How is Oxford Instruments forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
15.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OXIG's forecast earnings growth (15.4% per year) is above the savings rate (1.2%).
Earnings vs Market: OXIG's earnings (15.4% per year) are forecast to grow faster than the UK market (12.9% per year).
High Growth Earnings: OXIG's earnings are forecast to grow, but not significantly.
Revenue vs Market: OXIG's revenue (3.1% per year) is forecast to grow slower than the UK market (3.9% per year).
High Growth Revenue: OXIG's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: OXIG's Return on Equity is forecast to be low in 3 years time (18.1%).
Next Steps
Past Performance
How has Oxford Instruments performed over the past 5 years?
12.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: OXIG's earnings have grown by 12.8% per year over the past 5 years.
Accelerating Growth: OXIG's earnings growth over the past year (46.4%) exceeds its 5-year average (12.8% per year).
Earnings vs Industry: OXIG earnings growth over the past year (46.4%) exceeded the Electronic industry -7.7%.
Return on Equity
High ROE: OXIG's Return on Equity (14.2%) is considered low.
Return on Assets
ROA vs Industry: OXIG has a higher Return on Assets than the Electronic industry average last year.
Return on Capital Employed
ROCE Improving: OXIG has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Oxford Instruments's financial position?
Financial Position Analysis
Short Term Liabilities: OXIG's short term assets (£177.8M) exceeds its short term liabilities (£133.5M)
Long Term Liabilities: OXIG's short term assets (177.8M) exceeds its long term liabilities (47.8M)
Debt to Equity History and Analysis
Debt Level: OXIG's debt to equity ratio (14.1%) is considered satisfactory
Reducing Debt: OXIG's debt to equity ratio has reduced from 112% to 14.1% over the past 5 years.
Debt Coverage: OXIG's debt is well covered by operating cash flow (154.7%).
Interest Coverage: OXIG's interest payments on its debt are well covered by EBIT (14.5x coverage).
Balance Sheet
Inventory Level: OXIG has a high level of physical assets or inventory.
Debt Coverage by Assets: OXIG's debt is covered by short term assets (assets are 6.238590x debt).
Next Steps
Dividend
What is Oxford Instruments's current dividend yield, its reliability and sustainability?
1.12%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: OXIG's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.99%).
High Dividend: OXIG's dividend (1.12%) is low compared to the top 25% of dividend payers in the UK market (5.41%).
Stable Dividend: OXIG's dividends per share have been stable in the past 10 years.
Growing Dividend: OXIG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.7%), OXIG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OXIG's dividends in 3 years are forecast to be well covered by earnings (21.8% payout ratio).
Next Steps
Management
What is the CEO of Oxford Instruments's salary, the management and board of directors tenure and is there insider trading?
3.7yrs
Average board tenure
CEO
Ian Barkshire (53yo)
3.4yrs
Tenure
UK£1,757,000
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 ($USD2.26M) is about average for companies of similar size in the UK market ($USD1.18M).
Compensation vs Earnings: Ian's compensation has increased by more than 20% in the past year.
Board Age and Tenure
3.7yrs
Average Tenure
59yo
Average Age
Experienced Board: OXIG's board of directors are considered experienced (3.7 years average tenure).
Insider Trading
Insider Buying: OXIG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman of the Board |
| Shares | 8,000 |
| Max Price | UK£12.90 |
Ownership Breakdown
Management Team
Charles John Holroyd (63yo)
Group Business Development Director
- Tenure: 0yrs
- Compensation: UK£132.00k
Susan Johnson-Brett
Company Secretary
- Tenure: 0yrs
Gavin Hill (51yo)
CFO & Director
- Tenure: 3.4yrs
- Compensation: UK£1.33m
Ian Barkshire (53yo)
Chief Executive & Executive Director
- Tenure: 3.4yrs
- Compensation: UK£1.76m
Victoria Gault
Group Director of Communications
- Tenure: 0yrs
Board Members
Richard Friend (66yo)
Independent Non-Executive Director
- Tenure: 5.1yrs
- Compensation: UK£48.00k
Thomas Geitner (64yo)
Independent Non-Executive Director
- Tenure: 6.8yrs
- Compensation: UK£56.00k
Neil Andrew Carson (62yo)
Independent Chairman of the Board
- Tenure: 0.8yrs
- Compensation: UK£60.00k
Gavin Hill (51yo)
CFO & Director
- Tenure: 3.4yrs
- Compensation: UK£1.33m
Steve Blair (59yo)
Senior Independent Non-Executive Director
- Tenure: 2.3yrs
- Compensation: UK£82.00k
Mary Waldner (49yo)
Independent Non-Executive Director
- Tenure: 3.7yrs
- Compensation: UK£56.00k
Ian Barkshire (53yo)
Chief Executive & Executive Director
- Tenure: 3.4yrs
- Compensation: UK£1.76m
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£737.057m
- Shares outstanding: 57.22m
- 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 and internationally. It operates through Materials a ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/18 20:38 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2019/03/31 |
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.