Oxford Instruments (OXIG) AI Stock Analysis

• Market Cap: $1.05B
• Dividend Yield: 0.57%
• Average Volume (3M): 146.99K
• Price to Earnings (P/E): 40.2
• Beta (1Y): 1.33
• Revenue Growth: 7.18%
• EPS Growth: -13.14%
• Country: UK
• Employees: 2,000
• Sector: Technology
• Sector Strength: 78
• Industry: Semiconductors
• EPS (TTM): 0.61
• Shares Outstanding: 58,159,363
• 10 Day Avg. Volume: 178,915
• 30 Day Avg. Volume: 146,986
• PEG Ratio: -1.72
• Price to Book (P/B): 3.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 81.34
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $2,487.86
• Price Target Upside: 38.21% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 68 Neutral
• Price Target: ―

Oxford Instruments' overall score is driven by its strong financial health, characterized by consistent revenue growth and robust profitability. However, the bearish technical indicators suggest caution in the short term. The stock is reasonably valued, which supports a moderate overall score.

Positive Factors

Financial Performance

The sale of the quantum business is expected to improve Oxford Instruments' margins by approximately 200 basis points.

Shareholder Value

£50m from the sale proceeds will be returned to shareholders, likely leading to a positive share price reaction.

Negative Factors

Investment Appeal

Selling the quantum business may reduce some of the 'cutting edge' attractiveness of the investment case.

Tariff Impact

The impact of tariffs is preventing meaningful commentary about future performance.

Oxford Instruments Business Overview & Revenue Model

Company Description

Oxford Instruments (OXIG) is a leading provider of high-technology tools and systems for industry and research. Operating primarily within sectors such as nanotechnology, industrial and commercial applications, and scientific research, the company specializes in developing advanced instrumentation and equipment. Their core products and services include analytical instruments, X-ray technology, imaging tools, and scientific instrumentation used for material characterization and precision measurement.

How the Company Makes Money

Oxford Instruments generates revenue through the sale of its high-tech equipment and instrumentation to a diverse customer base that includes academic institutions, research facilities, and industrial companies. Key revenue streams include the sales of capital equipment, ongoing service contracts, and software solutions that complement their hardware offerings. The company also benefits from strategic partnerships and collaborations with leading research organizations and industrial partners, which enhance its market position and drive sales across its product portfolio.

Oxford Instruments Financial Statement Overview

Summary

Oxford Instruments demonstrates a strong financial performance with consistent revenue growth, robust profitability margins, and a solid balance sheet with low debt levels. However, there are challenges in free cash flow generation.

Income Statement

Oxford Instruments shows a strong financial performance with a consistent upward trend in revenue, as evidenced by a Revenue Growth Rate of 5.77% from 2023 to 2024. The Gross Profit Margin is robust at 51.53%, and the company maintains a healthy Net Profit Margin of 10.78%. The EBIT Margin of 14.52% and EBITDA Margin of 19.79% indicate efficient operations and good profitability potential.

Balance Sheet

The company has a solid balance sheet with a Debt-to-Equity Ratio of 0.13, indicating low leverage, which reduces financial risk. The Return on Equity is impressive at 13.86%, showcasing effective management in generating profits from equity. The Equity Ratio of 60.30% suggests a strong equity base relative to assets, providing stability.

Cash Flow

Oxford Instruments displays moderate cash flow management with some areas for improvement. The Free Cash Flow Growth Rate declined by 57.65% from 2023 to 2024, highlighting potential issues in cash generation. However, the Operating Cash Flow to Net Income Ratio of 0.84 and Free Cash Flow to Net Income Ratio of 0.29 suggest reasonable cash conversion efficiency.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
486.50M	470.40M	444.70M	367.30M	318.50M	317.40M
	Gross Profit
248.70M	242.40M	219.50M	176.40M	153.90M	146.70M
	EBIT
70.80M	68.30M	66.70M	50.80M	47.40M	40.70M
	EBITDA
89.00M	93.10M	94.80M	67.40M	71.60M	58.00M
	Net Income Common Stockholders
52.50M	50.70M	58.60M	38.60M	41.80M	33.80M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
95.40M	97.80M	112.70M	96.40M	128.00M	119.50M
	Total Assets
439.90M	606.30M	572.00M	514.00M	450.70M	464.00M
	Total Debt
36.50M	47.40M	43.90M	28.90M	37.90M	60.60M
	Net Debt
-58.90M	-50.40M	-68.80M	-67.50M	-90.10M	-58.90M
	Total Liabilities
188.30M	240.60M	228.00M	197.60M	184.50M	212.40M
	Stockholders Equity
251.60M	365.70M	344.00M	316.40M	266.20M	251.60M
Cash Flow		Free Cash Flow
16.70M	14.70M	34.70M	34.50M	36.70M	48.00M
	Operating Cash Flow
36.10M	42.40M	67.60M	49.20M	41.80M	55.20M
	Investing Cash Flow
-45.90M	-37.50M	-37.50M	-45.70M	-4.90M	14.70M
	Financing Cash Flow
-27.80M	-18.00M	-16.60M	-15.70M	-30.50M	-11.40M

Oxford Instruments Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1800.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:OXIG, the sentiment is Negative. The current price of 1800 is below the 20-day moving average (MA) of 1832.20, above the 50-day MA of 1749.48, and below the 200-day MA of 1972.21, indicating a neutral trend. The MACD of 17.77 indicates Positive momentum. The RSI at 47.89 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:OXIG.

Oxford Instruments Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SXS	76 Outperform	£3.13B	13.55	17.33%	3.58%	-11.09%	65.87%
KNOS	75 Outperform	£924.88M	26.67	24.12%	14.71%	-4.13%	23.09%
RSW	74 Outperform	£1.97B	20.15	11.07%	0.62%	4.71%	0.43%
OXIG	68 Neutral	$1.05B	40.15	7.03%	0.57%	7.18%	-13.14%
Sector *	62 Neutral	$11.80B	10.08	-7.46%	2.99%	7.37%	-8.21%
KBT	60 Neutral	£41.99M	76.89	-8.92%	―	-46.97%	―

Oxford Instruments Corporate Events

Artemis Increases Stake in Oxford Instruments

Artemis Investment Management LLP has increased its voting rights in Oxford Instruments PLC to 14.23%, up from a previous position of 13.64%. This acquisition of additional voting rights signifies a strengthened influence of Artemis in the company’s governance, potentially impacting strategic decisions and stakeholder interests.

Spark’s Take on GB:OXIG Stock

According to Spark, TipRanks’ AI Analyst, GB:OXIG is a Neutral.

Oxford Instruments’ overall stock score is supported by its strong financial performance, though tempered by mixed technical indicators and moderate valuation. The company’s strategic moves and robust market position indicate potential for future growth.

To see Spark’s full report on GB:OXIG stock, click here.

Artemis Investment Management Increases Stake in Oxford Instruments

Artemis Investment Management LLP has increased its stake in Oxford Instruments PLC, crossing a significant threshold of 13.639119% of voting rights as of April 16, 2025. This acquisition of voting rights suggests a strategic move by Artemis, potentially impacting Oxford Instruments’ governance and future strategic decisions, and reflecting confidence in the company’s market position and growth prospects.

Spark’s Take on GB:OXIG Stock

According to Spark, TipRanks’ AI Analyst, GB:OXIG is a Neutral.

Oxford Instruments maintains strong financial health with consistent revenue growth and robust profitability. However, bearish technical indicators suggest caution in the short term. The stock is reasonably valued with a moderate P/E ratio and modest dividend yield. Recent corporate events imply positive future prospects, but their impact is not included in the overall score.

To see Spark’s full report on GB:OXIG stock, click here.

Oxford Instruments Reports Strong Full-Year Performance Amid Strategic Focus

Oxford Instruments reported a strong full-year performance for the year ending March 2025, with revenue growth of approximately 9% at constant currency and a 13% increase in adjusted operating profit. The company’s Imaging & Analysis division, which contributes significantly to its revenue and profit, maintained high margins, while the Advanced Technologies division saw double-digit revenue growth and a return to profitability. This performance underscores the company’s strategic focus on operational excellence and cost management, despite macroeconomic challenges. The company’s diversified portfolio and focus on innovation position it well for continued growth across various sectors.

Spark’s Take on GB:OXIG Stock

According to Spark, TipRanks’ AI Analyst, GB:OXIG is a Neutral.

Oxford Instruments maintains strong financial health with consistent revenue growth and robust profitability. However, bearish technical indicators suggest caution in the short term. The stock is reasonably valued with a moderate P/E ratio and modest dividend yield. Recent corporate events imply positive future prospects, but their impact is not included in the overall score.

To see Spark’s full report on GB:OXIG stock, click here.

Artemis Increases Stake in Oxford Instruments

Artemis Investment Management LLP has increased its voting rights in Oxford Instruments PLC to 13.35%, up from a previous 12.12%. This acquisition of additional voting rights signifies a strengthened position for Artemis in the company, potentially impacting Oxford Instruments’ strategic decisions and stakeholder dynamics.

Spark’s Take on GB:OXIG Stock

According to Spark, TipRanks’ AI Analyst, GB:OXIG is a Neutral.

Oxford Instruments maintains strong financial health with consistent revenue growth and robust profitability. However, bearish technical indicators suggest caution in the short term. The stock is reasonably valued with a moderate P/E ratio and modest dividend yield. Recent corporate events imply positive future prospects, but their impact is not included in the overall score.

To see Spark’s full report on GB:OXIG stock, click here.

Oxford Instruments Sees Shift in Major Shareholdings

Oxford Instruments PLC has announced a change in major holdings, as Aberdeen Group plc has crossed the 5% threshold of voting rights, now holding 5.263333% of the company’s voting rights. This acquisition of voting rights by Aberdeen Group plc signifies a notable shift in shareholder dynamics, potentially impacting the company’s governance and strategic direction.

Spark’s Take on GB:OXIG Stock

According to Spark, TipRanks’ AI Analyst, GB:OXIG is a Neutral.

Oxford Instruments maintains strong financial health with consistent revenue growth and robust profitability. However, bearish technical indicators suggest caution in the short term. The stock is reasonably valued with a moderate P/E ratio and modest dividend yield. Recent corporate events imply positive future prospects, but their impact is not included in the overall score.

To see Spark’s full report on GB:OXIG stock, click here.

Oxford Instruments Announces Share Capital Details

Oxford Instruments has announced that as of March 31, 2025, its issued share capital with voting rights consists of 58,134,773 ordinary shares. This figure is significant for shareholders as it serves as the denominator for calculating their interest or changes in interest under the FCA’s Disclosure Guidance and Transparency Rules.

Artemis Investment Management Increases Stake in Oxford Instruments

Artemis Investment Management LLP has increased its stake in Oxford Instruments PLC, crossing a significant threshold of 12.12% of voting rights as of March 21, 2025. This acquisition of voting rights by a major investment firm indicates a strengthened position in the company, potentially impacting its governance and strategic decisions.

BlackRock Adjusts Stake in Oxford Instruments

BlackRock, Inc., a major shareholder in Oxford Instruments PLC, has adjusted its holdings, reducing its total voting rights from 10.94% to 9.97%. This change in holdings, effective as of March 4, 2025, reflects a strategic shift in BlackRock’s investment approach, potentially impacting Oxford Instruments’ shareholder dynamics and market perception.

Artemis Increases Stake in Oxford Instruments

Artemis Investment Management LLP has increased its voting rights in Oxford Instruments PLC to 11.041235%, up from a previous position of 10.010264%. This change in holdings reflects a strategic move by Artemis, potentially impacting the company’s shareholder dynamics and influencing its future governance and decision-making processes.

Oxford Instruments Executives Acquire Shares Under Incentive Plan

Oxford Instruments plc announced the acquisition of partnership and matching shares by its CEO Richard Tyson and CFO Gavin Hill under the company’s Share Incentive Plan. This transaction, conducted on the London Stock Exchange, aligns with the company’s regulatory compliance under the EU Market Abuse Regulation, potentially impacting the company’s governance and stakeholder confidence.

Oxford Instruments Updates Shareholders on Voting Rights and Capital

Oxford Instruments announced that as of 28 February 2025, its issued share capital with voting rights consists of 58,093,163 ordinary shares. This figure is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules, impacting how they manage their interests in the company.

Oxford Instruments Strengthens Board with New Independent Director

Oxford Instruments plc announced the appointment of Rowena Innocent as an Independent Non-Executive Director. Joining the board from February 17, 2025, Innocent will also become a member of several key committees. With over 30 years of experience in high-tech product design and manufacturing, her expertise is expected to significantly enhance the company’s engineering, research, and development pursuits, contributing to its core business objectives.

Oxford Instruments’ Executives Acquire Shares in Incentive Plan

Oxford Instruments plc announced a transaction involving its Chief Executive Officer Richard Tyson and Chief Financial Officer Gavin Hill, who both acquired Partnership Shares and Matching Shares in the company’s Share Incentive Plan. The transaction, conducted on 10 February 2025 at the London Stock Exchange, reflects the management’s confidence in the company, potentially influencing stakeholder perception positively. The company made this announcement in compliance with the EU Market Abuse Regulation, underscoring its commitment to transparency and regulatory adherence.