Stock Analysis Report

Executive Summary

Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United Kingdom and internationally.


Earnings are forecast to grow 7.68% per year

Earnings grew by 83.8% over the past year

Pays a reliable dividend of 0.96%

Risk Analysis

No risks detected for OXIN.F from our risk checks.

Snowflake Analysis

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

Stable Share Price: OXIN.F has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




US Electronic


US Market

1 Year Return




US Electronic


US Market

Return vs Industry: OXIN.F exceeded the US Electronic industry which returned -0% over the past year.

Return vs Market: OXIN.F exceeded the US Market which returned 10.5% over the past year.

Shareholder returns

7 Day0%-7.1%-7.4%
30 Day2.0%-8.4%-3.6%
90 Day-1.0%-7.5%-0.6%
1 Year55.1%55.1%0.9%-0.05%12.8%10.5%
3 Yearn/a26.1%22.6%37.4%28.6%
5 Year71.1%71.1%56.5%48.8%61.3%43.6%

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

No news available


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


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: OXIN.F ($20.7) is trading above our estimate of fair value ($14.11)

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

Price To Earnings Ratio

PE vs Industry: OXIN.F is poor value based on its PE Ratio (25.3x) compared to the Electronic industry average (18.3x).

PE vs Market: OXIN.F is poor value based on its PE Ratio (25.3x) compared to the US market (17.2x).

Price to Earnings Growth Ratio

PEG Ratio: OXIN.F is poor value based on its PEG Ratio (3.3x)

Price to Book Ratio

PB vs Industry: OXIN.F is overvalued based on its PB Ratio (4x) compared to the US Electronic industry average (1.8x).

Next Steps

Future Growth

How is Oxford Instruments forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: OXIN.F's forecast earnings growth (7.7% per year) is above the savings rate (1.7%).

Earnings vs Market: OXIN.F's earnings (7.7% per year) are forecast to grow slower than the US market (13.2% per year).

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

Revenue vs Market: OXIN.F's revenue (1.9% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: OXIN.F's revenue (1.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: OXIN.F's Return on Equity is forecast to be low in 3 years time (17.3%).

Next Steps

Past Performance

How has Oxford Instruments performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OXIN.F has high quality earnings.

Growing Profit Margin: OXIN.F's current net profit margins (9.6%) are higher than last year (5.9%).

Past Earnings Growth Analysis

Earnings Trend: OXIN.F's earnings have grown significantly by 47.3% per year over the past 5 years.

Accelerating Growth: OXIN.F's earnings growth over the past year (83.8%) exceeds its 5-year average (47.3% per year).

Earnings vs Industry: OXIN.F earnings growth over the past year (83.8%) exceeded the Electronic industry 12%.

Return on Equity

High ROE: OXIN.F's Return on Equity (15.8%) is considered low.

Next Steps

Financial Health

How is Oxford Instruments's financial position?

Financial Position Analysis

Short Term Liabilities: OXIN.F's short term assets (£184.4M) exceed its short term liabilities (£134.5M).

Long Term Liabilities: OXIN.F's short term assets (£184.4M) exceed its long term liabilities (£41.3M).

Debt to Equity History and Analysis

Debt Level: OXIN.F's debt to equity ratio (12.9%) is considered satisfactory.

Reducing Debt: OXIN.F's debt to equity ratio has reduced from 123.1% to 12.9% over the past 5 years.

Debt Coverage: OXIN.F's debt is well covered by operating cash flow (152.7%).

Interest Coverage: OXIN.F's interest payments on its debt are well covered by EBIT (35.1x coverage).

Balance Sheet

Inventory Level: OXIN.F has a high level of physical assets or inventory.

Debt Coverage by Assets: OXIN.F's debt is covered by short term assets (assets are 6.6x debt).

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OXIN.F's dividend (0.96%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: OXIN.F's dividend (0.96%) is low compared to the top 25% of dividend payers in the US market (3.9%).

Stability and Growth of Payments

Stable Dividend: OXIN.F's dividends per share have been stable in the past 10 years.

Growing Dividend: OXIN.F's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.7%), OXIN.F's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: OXIN.F's dividends in 3 years are forecast to be well covered by earnings (22.5% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Ian Barkshire (53yo)





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 ($USD2.29M) is about average for companies of similar size in the US market ($USD2.57M).

Compensation vs Earnings: Ian's compensation has increased by more than 20% in the past year.

Board Members

Ian Barkshire
Chief Executive & Executive Director3.8yrsUK£1.76m0.022% £244.0k
Gavin Hill
CFO & Director3.8yrsUK£1.33m0.010% £117.3k
Richard Friend
Independent Non-Executive Director5.4yrsUK£48.00kno data
Thomas Geitner
Independent Non-Executive Director7.1yrsUK£56.00kno data
Neil Andrew Carson
Independent Chairman of the Board1.2yrsUK£60.00k0.014% £156.3k
Stephen Blair
Senior Independent Non-Executive Director2.6yrsUK£82.00kno data
Mary Waldner
Independent Non-Executive Director4yrsUK£56.00k0.0018% £19.6k


Average Tenure


Average Age

Experienced Board: OXIN.F's board of directors are considered experienced (4 years average tenure).


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.

Recent Insider Transactions

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: OXIN.F
  • Exchange: OTCPK
  • Founded: 1959
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: UK£860.177m
  • Listing Market Cap: UK£1.119b
  • Shares outstanding: 57.27m
  • Website: https://www.oxinst.com

Number of Employees


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OXIN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
OXIGLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
OXIGLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992


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 and Characterisation, Research and Discovery, and Service and Healthcare segments. 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 tools, such as clustered cassette-to-cassette platforms for high-throughput production processing and compact stand-alone systems for research and development; and low temperature systems comprising dilution refrigerators, high field magnets, and cryostats. It also provides OPTICAL IMAGING products, such as cameras, confocal microscopy products, and 3D and 4D visualization software; and nuclear magnetic resonance (NMR) instruments, including NMR spectrometers, QC/QA analyzers, and rock core analyzers for use in applications, such as agriculture and food, automotive and aviation, building and construction, chemicals, environment, illicit drugs testing, mining and minerals, pharma, polymers, rock core analysis, textiles, and teaching NMR. In addition, the company is involved in the CT and MRI equipment sales, maintenance services, parts, and mobile imaging solutions; development and manufacture of scientific cameras spectroscopy solutions, microscopy systems, and software for applications comprising advanced manufacturing, astronomy, bio imaging and life science, energy generation and storage, forensics and environment, photonics, quantum technology, semiconductors, microelectronics, and data storage; and manufacture of x-ray tubes, power supplies, and integrated x-ray sources, as well as service, sale, and rental of third party healthcare imaging systems. Oxford Instruments plc was founded in 1959 and is headquartered in Abingdon, the United Kingdom. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 01:08
End of Day Share Price2020/02/07 00:00
Annual Earnings2019/03/31

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.