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Oxford Instruments

OTCPK:OXIN.F
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OXIN.F
OTCPK
£626M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United States, rest of Europe, rest of Asia, the United Kingdom, Japan, China, Germany, and internationally. The last earnings update was 156 days ago. More info.


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OXIN.F Share Price and Events
7 Day Returns
0%
OTCPK:OXIN.F
2.8%
US Electronic
0.8%
US Market
1 Year Returns
-
OTCPK:OXIN.F
9.1%
US Electronic
5.9%
US Market
OXIN.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Oxford Instruments (OXIN.F) 0% 0% 15.1% - 40.5% -42.9%
US Electronic 2.8% 6.1% 20% 9.1% 67.4% 65.3%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • No trading data on OXIN.F.
  • No trading data on OXIN.F.
Price Volatility
OXIN.F
Industry
5yr Volatility vs Market

Value

 Is Oxford Instruments undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Oxford Instruments to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Oxford Instruments.

OTCPK:OXIN.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:OXIN.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.069 (1 + (1- 19%) (6.58%))
1.084
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.084 * 6.65%)
9.94%

Discounted Cash Flow Calculation for OTCPK:OXIN.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Oxford Instruments is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:OXIN.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 9.94%)
2019 28.83 Analyst x6 26.23
2020 26.23 Analyst x7 21.70
2021 27.84 Analyst x5 20.95
2022 26.87 Est @ -3.48% 18.39
2023 26.43 Est @ -1.62% 16.46
2024 26.35 Est @ -0.31% 14.92
2025 26.51 Est @ 0.6% 13.65
2026 26.84 Est @ 1.24% 12.57
2027 27.29 Est @ 1.69% 11.63
2028 27.84 Est @ 2% 10.79
Present value of next 10 years cash flows £167.29
OTCPK:OXIN.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £27.84 × (1 + 2.73%) ÷ (9.94% – 2.73%)
£396.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £396.52 ÷ (1 + 9.94%)10
£153.69
OTCPK:OXIN.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £167.29 + £153.69
£320.98
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £320.98 / 57.19
£5.61
OTCPK:OXIN.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:OXIN.F represents 1.22029x of LSE:OXIG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.22029x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 5.61 x 1.22029
$6.85
Value per share (USD) From above. $6.85
Current discount Discount to share price of $13.35
= -1 x ($13.35 - $6.85) / $6.85
-94.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Oxford Instruments is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Oxford Instruments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Oxford Instruments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:OXIN.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £0.32
LSE:OXIG Share Price ** LSE (2019-04-08) in GBP £10.94
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 21.76x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Oxford Instruments.

OTCPK:OXIN.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:OXIG Share Price ÷ EPS (both in GBP)

= 10.94 ÷ 0.32

33.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oxford Instruments is overvalued based on earnings compared to the US Electronic industry average.
  • Oxford Instruments is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Oxford Instruments's expected growth come at a high price?
Raw Data
OTCPK:OXIN.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
17.8%per year
United States of America Electronic Industry PEG Ratio Median Figure of 58 Publicly-Listed Electronic Companies 1.7x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:OXIN.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.85x ÷ 17.8%

1.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oxford Instruments is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Oxford Instruments's assets?
Raw Data
OTCPK:OXIN.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £3.16
LSE:OXIG Share Price * LSE (2019-04-08) in GBP £10.94
United States of America Electronic Industry PB Ratio Median Figure of 146 Publicly-Listed Electronic Companies 2.17x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
OTCPK:OXIN.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:OXIG Share Price ÷ Book Value per Share (both in GBP)

= 10.94 ÷ 3.16

3.46x

* Primary Listing of Oxford Instruments.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oxford Instruments is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Oxford Instruments's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Oxford Instruments has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Oxford Instruments expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Oxford Instruments expected to grow at an attractive rate?
  • Oxford Instruments's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Oxford Instruments's earnings growth is expected to exceed the United States of America market average.
  • Oxford Instruments's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:OXIN.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:OXIN.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 17.8%
OTCPK:OXIN.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.2%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 16.9%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:OXIN.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:OXIN.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 347 1
2021-03-31 334 42 39 6
2020-03-31 324 40 32 9
2019-03-31 313 41 30 8
OTCPK:OXIN.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-09-30 312 43 19
2018-06-30 304 37 19
2018-03-31 297 31 20
2017-12-31 298 34 2
2017-09-30 300 37 -15
2017-06-30 300 35 -20
2017-03-31 300 34 -26
2016-12-31 294 32 -11
2016-09-30 287 31 4
2016-06-30 304 35 5
2016-03-31 320 39 7
2015-12-31 345 37 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Oxford Instruments's earnings are expected to grow by 17.8% yearly, however this is not considered high growth (20% yearly).
  • Oxford Instruments's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:OXIN.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Oxford Instruments Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:OXIN.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31 0.64 0.77 0.48 3.00
2020-03-31 0.55 0.71 0.38 4.00
2019-03-31 0.56 0.65 0.44 3.00
OTCPK:OXIN.F Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 0.32
2018-06-30 0.33
2018-03-31 0.34
2017-12-31 0.04
2017-09-30 -0.26
2017-06-30 -0.35
2017-03-31 -0.45
2016-12-31 -0.19
2016-09-30 0.06
2016-06-30 0.09
2016-03-31 0.12
2015-12-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Oxford Instruments is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Oxford Instruments's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Oxford Instruments has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Oxford Instruments performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Oxford Instruments's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Oxford Instruments's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Oxford Instruments has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Oxford Instruments has become profitable in the last year making it difficult to compare the US Electronic industry average.
Earnings and Revenue History
Oxford Instruments's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Oxford Instruments Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:OXIN.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 311.80 18.50 100.40 24.30
2018-06-30 304.35 19.05 97.15 23.85
2018-03-31 296.90 19.60 93.90 23.40
2017-12-31 298.40 2.30 94.10 23.50
2017-09-30 299.90 -15.00 94.90 23.60
2017-06-30 300.05 -20.25 95.90 23.60
2017-03-31 300.20 -25.50 96.90 23.60
2016-12-31 293.75 -11.00 99.10 23.40
2016-09-30 287.30 3.50 101.30 23.20
2016-06-30 303.50 5.25 105.60 23.40
2016-03-31 319.70 7.00 109.90 23.60
2015-12-31 344.80 1.10 113.40 25.85
2015-09-30 369.90 -4.80 116.90 28.10
2015-06-30 375.00 -5.50 119.50 29.30
2015-03-31 380.10 -6.20 122.10 30.50
2014-12-31 374.45 0.20 119.50 28.90
2014-09-30 368.80 6.60 116.90 27.30
2014-06-30 364.45 12.40 111.55 26.20
2014-03-31 360.10 18.20 106.20 25.10
2013-12-31 353.20 20.60 103.85 24.65
2013-09-30 346.30 23.00 101.50 24.20
2013-06-30 348.55 22.00 101.70 24.25
2013-03-31 350.80 21.00 101.90 24.30
2012-12-31 349.90 24.05 100.55 24.80
2012-09-30 349.00 27.10 99.20 25.30
2012-06-30 343.15 25.95 96.00 25.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Oxford Instruments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Oxford Instruments used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Oxford Instruments has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Oxford Instruments's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Oxford Instruments has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Oxford Instruments's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Oxford Instruments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Oxford Instruments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Oxford Instruments's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Oxford Instruments's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Oxford Instruments Company Filings, last reported 6 months ago.

OTCPK:OXIN.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 180.60 41.20 18.90
2018-06-30 180.60 41.20 18.90
2018-03-31 179.60 40.40 20.70
2017-12-31 179.60 40.40 20.70
2017-09-30 170.60 59.80 14.30
2017-06-30 170.60 59.80 14.30
2017-03-31 132.50 136.50 27.20
2016-12-31 132.50 136.50 27.20
2016-09-30 137.30 162.00 20.90
2016-06-30 137.30 162.00 20.90
2016-03-31 143.00 150.00 21.80
2015-12-31 143.00 150.00 21.80
2015-09-30 129.10 154.80 15.30
2015-06-30 129.10 154.80 15.30
2015-03-31 125.50 144.00 25.10
2014-12-31 125.50 144.00 25.10
2014-09-30 127.00 156.40 18.90
2014-06-30 127.00 156.40 18.90
2014-03-31 140.20 156.90 32.60
2013-12-31 140.20 156.90 32.60
2013-09-30 140.70 24.70 56.90
2013-06-30 140.70 24.70 56.90
2013-03-31 137.70 0.00 39.20
2012-12-31 137.70 0.00 39.20
2012-09-30 126.50 0.80 37.90
2012-06-30 126.50 0.80 37.90
  • Oxford Instruments's level of debt (22.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (18.6% vs 22.8% today).
  • Debt is well covered by operating cash flow (103.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.3x coverage).
X
Financial health checks
We assess Oxford Instruments's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Oxford Instruments has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.22%
Current annual income from Oxford Instruments dividends. Estimated to be 1.32% next year.
If you bought $2,000 of Oxford Instruments shares you are expected to receive $24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Oxford Instruments's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Oxford Instruments's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:OXIN.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:OXIN.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.16 1.00
2021-03-31 0.15 6.00
2020-03-31 0.14 9.00
2019-03-31 0.14 8.00
OTCPK:OXIN.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-07-31 0.133 1.390
2018-06-12 0.133 1.328
2017-08-01 0.130 1.431
2017-06-13 0.130 1.261
2016-06-15 0.130 1.719
2015-06-09 0.130 1.859
2014-07-18 0.124 1.233
2013-11-13 0.115 0.806
2013-06-11 0.112 0.827
2012-06-12 0.100 0.702
2011-06-14 0.090 0.935
2010-06-15 0.084 1.673
2009-06-09 0.084 4.088
2009-04-20 0.084 5.659

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Oxford Instruments's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).
X
Income/ dividend checks
We assess Oxford Instruments's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Oxford Instruments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Oxford Instruments has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Oxford Instruments's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ian Barkshire
COMPENSATION £698,000
TENURE AS CEO 2.9 years
CEO Bio

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 Instruments plc until May 11, 2016. He has extensive experience of operating business and technology management across the Oxford Instruments Group and has held roles including NanoCharacterisation Divisional Head and Technical Director. He is a member of the institute of Physics and a Chartered Physicist. Dr. Barkshire holds a BSc and DPhil in Physics from the University of York.

CEO Compensation
  • Ian's compensation has increased in line with Oxford Instruments recently becoming profitable.
  • Ian's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Ian Barkshire

TITLE
Chief Executive & Executive Director
COMPENSATION
£698K
TENURE
2.9 yrs

Gavin Hill

TITLE
Group Finance Director & Executive Director
COMPENSATION
£521K
TENURE
2.9 yrs

Victoria Gault

TITLE
Group Director of Communications

Susan Johnson-Brett

TITLE
Company Secretary

Charles John Holroyd

TITLE
Group Business Development Director
COMPENSATION
£132K
AGE
62
Board of Directors Tenure

Average tenure of the Oxford Instruments board of directors in years:

3.2
Average Tenure
  • The tenure for the Oxford Instruments board of directors is about average.
Board of Directors

Neil Andrew Carson

TITLE
Chairman
AGE
61
TENURE
0.3 yrs

Ian Barkshire

TITLE
Chief Executive & Executive Director
COMPENSATION
£698K
TENURE
3.4 yrs

Gavin Hill

TITLE
Group Finance Director & Executive Director
COMPENSATION
£521K
TENURE
2.9 yrs

Thomas Geitner

TITLE
Independent Non-Executive Director
COMPENSATION
£52K
AGE
63
TENURE
6.3 yrs

Mary Waldner

TITLE
Independent Non-Executive Director
COMPENSATION
£50K
TENURE
3.2 yrs

Steve Blair

TITLE
Senior Independent Non-Executive Director
TENURE
1.8 yrs

Richard Friend

TITLE
Independent Non-Executive Director
COMPENSATION
£44K
TENURE
4.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Oxford Instruments's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Oxford Instruments has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United States, rest of Europe, rest of Asia, the United Kingdom, Japan, China, Germany, and internationally. The company’s Nanotechnology Tools segment provides high performance scientific imaging cameras, spectroscopy solutions, and microscopy systems for research and OEM markets; atomic force probe microscopy for materials and bioscience applications; 3D and 4D image visualization and analysis software; and nanoanalysis solutions for materials characterization and nanofabrication on scanning electron microscopes, focussed ion beams, and transmission electron microscopes. This segment also offers research tools for physical sciences; and process solutions for the etching of nanometre sized features, as well as provides nanolayer deposition and nanostructure controlled growth services. Its Industrial Products segment offers analytical X-ray fluorescence, laser induced breakdown spectroscopy, optical emission spectroscopy, and magnetic resonance (MR) instruments for the quality assurance and production optimization, as well as research tools; nuclear magnetic resonance instruments; and X-ray tubes. The company’s Service segment offers refurbished and mobile CT and MRI equipment, maintenance services, and parts. Its products have applications in the agriculture, food and beverage, chemicals and oils, electronics, energy/environment, failure analysis, forensics, healthcare, industry and transport, information and communication tech, metals, minerals and mining, nanotechnology, quality control and compliance testing, research and academia, semiconductors, and textiles sectors. The company was founded in 1959 and is headquartered in Abingdon, the United Kingdom.

Details
Name: Oxford Instruments plc
OXIN.F
Exchange: OTCPK
Founded: 1959
£813,711,741
57,191,886
Website: http://www.oxinst.com
Address: Oxford Instruments plc
Tubney Woods,
Abingdon,
Oxfordshire, OX13 5QX,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE OXIG Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK OXIN.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
BATS-CHIXE OXIGL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,576
Oxford Instruments employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 23:53
End of day share price update: 2019/04/08 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.