Deep Value: cash covers about 99% of the stock price

This company holds roughly $44M in cash and investments — about 99% of its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Oxford Metrics

OMG.L

Software - Application · Technology

Price

39.80 GBp

+0.00 (+0.00%)

Market Cap

£44.5M

Exchange

London Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Mixed

Stability

Good

Valuation

Data not available

Dividends

Exceptional

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Share count falling — buybacks

−2.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 127.4M (2021) → 124.4M (2025)

Winston Score History

The full picture

Oxford Metrics is a UK technology company that makes software for tracking movement. Its main product is Vicon, a motion capture system used by film studios, video game developers, sports scientists, and medical researchers to record how people and objects move in precise detail. The company also owns Yotta, software that helps local governments manage roads, streetlights, and other public infrastructure.

Oxford Metrics earns money by selling software licenses, hardware systems, and ongoing support contracts. It operates mainly in the UK, North America, and Europe, and is a relatively small business with a market value around £100 million. Vicon has a strong reputation in professional motion capture, which gives it some pricing power in a niche market, but the company's operating margin is very thin right now. The key challenge is growing revenue fast enough to turn that slim margin into consistent profit, while competing against larger technology companies moving into motion tracking and infrastructure software.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+106.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+34.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

£4M/ year

↓ Declining (-29% vs prior year)

8.2% of revenue

Below sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

4.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

£32M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Oxford Metrics grew revenue 106% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

66.0%

Premium pricing power — 66.0% gross margin

Profit after running costs

Operating Margin

-4.5%

Losing money on operations — -4.5%

Return on the money invested

ROCE

0.1%

Weak — 0.1% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

+62.2%

Fast-growing sales (+62.2% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

12.2%

Converts sales into free cash efficiently (12.2%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.02

Conservative — low debt load (0.02)

Covers its interest

Interest Cover

0.11x

Dangerous — barely covers interest (0.1x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

8.17%

Healthy income — 8.17% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

+78.0%

Dividend growing fast (78.0% YoY)

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