OXFORD INSTRUMENTS PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,300 GBX | -1.29% |
|
+8.24% | +0.22% |
| Apr. 16 | Oxford Instruments revenue jumps but operating margin takes hit | AN |
| Apr. 16 | RBC raises Admiral; Barclays cuts Phoenix Group | AN |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 558.8 | 733.2 | 1,094 | 1,215 | 1,445 | 1,332 | - | - |
| Enterprise Value (EV) 1 | 552.1 | 665.7 | 996.2 | 1,129 | 1,345 | 1,231 | 1,191 | 1,143 |
| P/E ratio | 18.8 x | 21.9 x | 26.5 x | 31.9 x | 25 x | 24.3 x | 23.1 x | 21.6 x |
| Yield | 1.47% | 0.32% | 0.89% | 0.86% | 0.78% | 0.87% | 0.93% | 0.98% |
| Capitalization / Revenue | 1.67 x | 2.31 x | 3.43 x | 3.31 x | 3.25 x | 2.88 x | 2.75 x | 2.64 x |
| EV / Revenue | 1.65 x | 2.1 x | 3.13 x | 3.08 x | 3.03 x | 2.66 x | 2.46 x | 2.27 x |
| EV / EBITDA | 9.09 x | 11 x | 15.1 x | 14.9 x | 14.7 x | 13.6 x | 12.4 x | 11.1 x |
| EV / FCF | 15.1 x | 13.9 x | 27.1 x | 32.7 x | 40 x | 40.2 x | 21.8 x | 19.9 x |
| FCF Yield | 6.61% | 7.21% | 3.68% | 3.05% | 2.5% | 2.49% | 4.58% | 5.03% |
| Price to Book | 2.76 x | 2.92 x | 4.11 x | 3.84 x | 4.2 x | 3.53 x | 3.17 x | 2.86 x |
| Nbr of stocks (in thousands) | 57,192 | 57,282 | 57,389 | 57,602 | 57,703 | 57,917 | - | - |
| Reference price 2 | 9.770 | 12.80 | 19.06 | 21.10 | 25.05 | 23.00 | 23.00 | 23.00 |
| Announcement Date | 6/11/19 | 6/9/20 | 6/8/21 | 6/14/22 | 6/13/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 333.6 | 317.4 | 318.5 | 367.3 | 444.7 | 462.5 | 484 | 504.4 |
| EBITDA 1 | 60.7 | 60.4 | 65.8 | 75.7 | 91.3 | 90.4 | 96.18 | 102.5 |
| EBIT 1 | 49.7 | 50.5 | 56.7 | 66.3 | 80.5 | 79.76 | 83.7 | 88.59 |
| Operating Margin | 14.9% | 15.91% | 17.8% | 18.05% | 18.1% | 17.25% | 17.29% | 17.56% |
| Earnings before Tax (EBT) 1 | 35.5 | 38.8 | 52.2 | 47.6 | 73.5 | 70.27 | 76 | 80.47 |
| Net income 1 | 30 | 33.8 | 41.8 | 38.6 | 58.6 | 55.39 | 59.38 | 63.06 |
| Net margin | 8.99% | 10.65% | 13.12% | 10.51% | 13.18% | 11.98% | 12.27% | 12.5% |
| EPS 2 | 0.5200 | 0.5840 | 0.7190 | 0.6620 | 1.003 | 0.9456 | 0.9978 | 1.063 |
| Free Cash Flow 1 | 36.5 | 48 | 36.7 | 34.5 | 33.6 | 30.64 | 54.6 | 57.5 |
| FCF margin | 10.94% | 15.12% | 11.52% | 9.39% | 7.56% | 6.63% | 11.28% | 11.4% |
| FCF Conversion (EBITDA) | 60.13% | 79.47% | 55.78% | 45.57% | 36.8% | 33.89% | 56.77% | 56.08% |
| FCF Conversion (Net income) | 121.67% | 142.01% | 87.8% | 89.38% | 57.34% | 55.32% | 91.94% | 91.18% |
| Dividend per Share 2 | 0.1440 | 0.0410 | 0.1700 | 0.1810 | 0.1950 | 0.2007 | 0.2144 | 0.2245 |
| Announcement Date | 6/11/19 | 6/9/20 | 6/8/21 | 6/14/22 | 6/13/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2024 S1 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 166.3 | 151.1 | - | 178.2 | 170.1 | 197.2 | 200.5 | 209.7 |
| EBITDA 1 | 31 | 29.4 | - | 37.4 | 34.7 | 41 | 41.9 | 41.9 |
| EBIT 1 | 25.8 | 24.7 | 24.3 | 32.4 | 30.6 | 35.7 | 36.8 | 36.5 |
| Operating Margin | 15.51% | 16.35% | - | 18.18% | 17.99% | 18.1% | 18.35% | 17.41% |
| Earnings before Tax (EBT) 1 | 18 | 20.8 | - | 32 | 21.4 | 26.2 | 26.6 | 29.6 |
| Net income 1 | 14.2 | 19.6 | - | 25.9 | 16.5 | 22.1 | 20.7 | 22.3 |
| Net margin | 8.54% | 12.97% | - | 14.53% | 9.7% | 11.21% | 10.32% | 10.63% |
| EPS 2 | 0.2460 | 0.3380 | - | 0.4450 | 0.2830 | 0.3790 | 0.3590 | 0.3860 |
| Dividend per Share 2 | 0.0410 | - | - | 0.1290 | 0.0440 | 0.1370 | 0.0460 | 0.0490 |
| Announcement Date | 11/12/19 | 6/9/20 | 11/10/20 | 6/8/21 | 11/9/21 | 6/14/22 | 11/8/22 | 11/14/23 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 6.7 | 67.5 | 97.6 | 85.9 | 100 | 101 | 141 | 189 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 36.5 | 48 | 36.7 | 34.5 | 33.6 | 30.6 | 54.6 | 57.5 |
| ROE (net income / shareholders' equity) | 19.4% | 17.5% | 17.4% | 18.6% | 17.7% | 17.2% | 16.4% | 15.9% |
| ROA (Net income/ Total Assets) | 10.2% | 9.64% | 9.86% | 11.1% | 10.8% | 10.5% | 10.3% | 10.2% |
| Assets 1 | 294.6 | 350.5 | 423.9 | 347 | 543 | 529 | 575.1 | 616.6 |
| Book Value Per Share 2 | 3.540 | 4.390 | 4.640 | 5.500 | 5.960 | 6.520 | 7.250 | 8.040 |
| Cash Flow per Share 2 | 0.7600 | 0.9500 | 0.7200 | 0.8500 | 1.140 | 1.160 | 1.430 | 1.580 |
| Capex 1 | 7.6 | 7.2 | 5.1 | 14.6 | 32.9 | 27.8 | 16.7 | 14 |
| Capex / Sales | 2.28% | 2.27% | 1.6% | 3.97% | 7.4% | 6.02% | 3.45% | 2.78% |
| Announcement Date | 6/11/19 | 6/9/20 | 6/8/21 | 6/14/22 | 6/13/23 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
23
GBP
Average target price
24.43
GBP
Spread / Average Target
+6.23%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.22% | 1.66B | |
| +11.65% | 109B | |
| -5.17% | 28.24B | |
| +11.79% | 22.19B | |
| -13.60% | 18.29B | |
| -7.70% | 17.4B | |
| +14.41% | 16.08B | |
| -9.98% | 11.55B | |
| -2.93% | 10.45B | |
| -2.81% | 9.65B |
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