OXFORD INSTRUMENTS PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,180 GBX | -2.02% |
|
+3.56% | -5.01% |
| 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: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 558.8 | 733.2 | 1,094 | 1,215 | 1,445 | 1,262 | - | - |
| Enterprise Value (EV) 1 | 552.1 | 665.7 | 996.2 | 1,129 | 1,345 | 1,163 | 1,122 | 1,074 |
| P/E ratio | 18.8 x | 21.9 x | 26.5 x | 31.9 x | 25 x | 23.2 x | 21.8 x | 20.5 x |
| Yield | 1.47% | 0.32% | 0.89% | 0.86% | 0.78% | 0.93% | 0.99% | 1.03% |
| Capitalization / Revenue | 1.67 x | 2.31 x | 3.43 x | 3.31 x | 3.25 x | 2.72 x | 2.61 x | 2.51 x |
| EV / Revenue | 1.65 x | 2.1 x | 3.13 x | 3.08 x | 3.03 x | 2.51 x | 2.32 x | 2.13 x |
| EV / EBITDA | 9.09 x | 11 x | 15.1 x | 14.9 x | 14.7 x | 12.8 x | 11.7 x | 10.5 x |
| EV / FCF | 15.1 x | 13.9 x | 27.1 x | 32.7 x | 40 x | 40.4 x | 19.9 x | 18.1 x |
| FCF Yield | 6.61% | 7.21% | 3.68% | 3.05% | 2.5% | 2.47% | 5.02% | 5.54% |
| Price to Book | 2.76 x | 2.92 x | 4.11 x | 3.84 x | 4.2 x | 3.34 x | 3.01 x | 2.71 x |
| Nbr of stocks (in thousands) | 57,192 | 57,282 | 57,389 | 57,602 | 57,703 | 57,877 | - | - |
| Reference price 2 | 9.770 | 12.80 | 19.06 | 21.10 | 25.05 | 21.80 | 21.80 | 21.80 |
| 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: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 333.6 | 317.4 | 318.5 | 367.3 | 444.7 | 463.2 | 483.6 | 503.5 |
| EBITDA 1 | 60.7 | 60.4 | 65.8 | 75.7 | 91.3 | 90.59 | 96.09 | 102.2 |
| EBIT 1 | 49.7 | 50.5 | 56.7 | 66.3 | 80.5 | 79.77 | 83.74 | 88.54 |
| Operating Margin | 14.9% | 15.91% | 17.8% | 18.05% | 18.1% | 17.22% | 17.32% | 17.59% |
| Earnings before Tax (EBT) 1 | 35.5 | 38.8 | 52.2 | 47.6 | 73.5 | 70.08 | 76.32 | 80.8 |
| Net income 1 | 30 | 33.8 | 41.8 | 38.6 | 58.6 | 55.07 | 59.42 | 63.05 |
| Net margin | 8.99% | 10.65% | 13.12% | 10.51% | 13.18% | 11.89% | 12.29% | 12.52% |
| EPS 2 | 0.5200 | 0.5840 | 0.7190 | 0.6620 | 1.003 | 0.9411 | 1.001 | 1.064 |
| Free Cash Flow 1 | 36.5 | 48 | 36.7 | 34.5 | 33.6 | 28.78 | 56.35 | 59.48 |
| FCF margin | 10.94% | 15.12% | 11.52% | 9.39% | 7.56% | 6.21% | 11.65% | 11.81% |
| FCF Conversion (EBITDA) | 60.13% | 79.47% | 55.78% | 45.57% | 36.8% | 31.77% | 58.64% | 58.19% |
| FCF Conversion (Net income) | 121.67% | 142.01% | 87.8% | 89.38% | 57.34% | 52.27% | 94.83% | 94.34% |
| Dividend per Share 2 | 0.1440 | 0.0410 | 0.1700 | 0.1810 | 0.1950 | 0.2017 | 0.2148 | 0.2246 |
| 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 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 166.3 | 151.1 | - | 178.2 | 170.1 | 197.2 | 200.5 | 209.7 | 259.7 |
| EBITDA | 31 | 29.4 | - | 37.4 | 34.7 | 41 | 41.9 | 41.9 | - |
| EBIT | 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) | 18 | 20.8 | - | 32 | 21.4 | 26.2 | 26.6 | 29.6 | - |
| Net income | 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 | 0.2460 | 0.3380 | - | 0.4450 | 0.2830 | 0.3790 | 0.3590 | 0.3860 | - |
| Dividend per Share | 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 Million
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 | 98.6 | 140 | 188 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 36.5 | 48 | 36.7 | 34.5 | 33.6 | 28.8 | 56.4 | 59.5 |
| ROE (net income / shareholders' equity) | 19.4% | 17.5% | 17.4% | 18.6% | 17.7% | 17.2% | 16.6% | 16.1% |
| 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 | 526 | 575.5 | 616.5 |
| Book Value Per Share 2 | 3.540 | 4.390 | 4.640 | 5.500 | 5.960 | 6.530 | 7.240 | 8.050 |
| Cash Flow per Share 2 | 0.7600 | 0.9500 | 0.7200 | 0.8500 | 1.140 | 1.170 | 1.430 | 1.580 |
| Capex 1 | 7.6 | 7.2 | 5.1 | 14.6 | 32.9 | 28.7 | 14.7 | 13 |
| Capex / Sales | 2.28% | 2.27% | 1.6% | 3.97% | 7.4% | 6.19% | 3.04% | 2.58% |
| 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
21.8
GBP
Average target price
24.43
GBP
Spread / Average Target
+12.08%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.01% | 1.57B | |
| +12.06% | 107B | |
| -0.62% | 29.43B | |
| +12.05% | 22.21B | |
| -16.05% | 17.75B | |
| -6.34% | 17.25B | |
| +8.74% | 15.28B | |
| -4.89% | 12.2B | |
| -2.85% | 10.42B | |
| -8.86% | 9.04B |
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