Added to YB: 2026-04-29
Pitch date: 2026-04-27
OXIG.L [bullish]
Oxford Instruments plc
-2.22%
current return
Author Info
No bio for this author
Company Info
Oxford Instruments plc provide scientific technology products and services for academic and commercial organizations in the United Kingdom and internationally.
Market Cap
GBP 1.5B
Pitch Price
GBP 28.82
Price Target
6.5K (+22966%)
Dividend
0.81%
EV/EBITDA
17.18
P/E
104.04
EV/Sales
3.17
Sector
Electronic Equipment, Instruments and Components
Category
growth
Oxford Instruments – The Critical Enabler Within the InP Value Chain and Far Beyond
OXIG.L: Deep-tech hardware play on AI bottleneck. Sole supplier of 6' InP etch systems for CPO (co-packaged optics) in AI data centres; exclusive GaN gate-recess tech via LayTec partnership. AT div at 4.5% EBIT margin expanding to 10-12% (target 15%+) on rising CPO demand & fixed costs at new Severn Beach facility. Order book covers FY27 into FY28. ~35-38% semi/photonics exposure rising to 45-52% by 2030. JPM PT 3,000p; bull case 6,500p by 2030 (~24% IRR). Risks: Coherent/AOI concentration, margin execution, Lam/KLA competition, CPO delays, FX headwinds. Fair at 2,800p; better entry 2,200-2,300p.
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