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Oakley Capital Investments
(LSE:OCI)
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Rating:63Neutral
Price Target:
562.00 p
â–²(7.66% Upside)
Action:Reiterated
Date:09/15/26
The score is held back primarily by financial quality concerns—especially two consecutive years of negative operating/free cash flow and increased leverage—despite strong reported profitability and a solid equity base. Technicals are moderately supportive with a mild uptrend and neutral momentum, while valuation looks fair (P/E ~15.5) but with a low dividend yield. Earnings call commentary was constructive on NAV performance and capital returns, tempered by liquidity and exit-execution risks.
Positive Factors
Diversified investment exposure
Exposure across multiple sectors and European markets reduces reliance on any single portfolio theme or geography. This diversification can improve resilience when particular industries face weaker demand, while allowing OCI to benefit from different growth opportunities over the medium term.
Negative Factors
Weak cash conversion
Two consecutive years of negative operating and free cash flow indicate that reported profitability is not consistently converting into cash. For an investment holding company, this can increase reliance on distributions, asset sales, financing or existing liquidity to meet commitments and fund capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified investment exposure
Exposure across multiple sectors and European markets reduces reliance on any single portfolio theme or geography. This diversification can improve resilience when particular industries face weaker demand, while allowing OCI to benefit from different growth opportunities over the medium term.
Read all positive factors
Oakley Capital Investments (OCI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£917.38M
Dividend Yield0.87%
Average Volume (3M)221.99K
Price to Earnings (P/E)16.3
Beta (1Y)0.27
Revenue Growth324.32%
EPS Growth-0.66%
CountryUK
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.32
Shares Outstanding176,418,440
10 Day Avg. Volume349,091
30 Day Avg. Volume221,992
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.80
Price to Sales (P/S)12.55
P/FCF Ratio-12.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£725.00Price Target Upside38.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.04
Revenue Forecast (FY)N/A
Oakley Capital Investments Business Overview & Revenue Model
Company Description
Oakley Capital Investments Limited operates as a dynamic private equity and venture capital firm, engaging in a wide array of investment activities. Its strategy spans the entire corporate lifecycle, from early-stage and growth-phase companies to ...
How the Company Makes Money
OCI makes money primarily through returns generated on its private equity fund interests and other investment holdings. Its key economic drivers are: (1) Investment gains and valuation uplifts: OCI’s results are largely influenced by increases (or...
Oakley Capital Investments Earnings Call Summary
Earnings Call Date:Sep 10, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 18, 2027
Earnings Call Sentiment Positive
The call was predominantly optimistic, supported by a 6% first-half NAV return, 15% long-term NAV and shareholder return CAGRs, strong contributions from Phenna, North Sails, and TechInsights, significant progress in Touring Fund investments, and an active pipeline of investments and realizations. Offsetting concerns included the 33% share price discount to NAV, liquidity cover below the 18-24 month target, 9% average weighted organic EBITDA growth being below expectations, selected portfolio underperformance, FX headwinds, pricing mismatches, and risks around exits and Time Out's over-indebted balance sheet. Highlights significantly outweighed the lowlights.Positive Updates
NAV Growth and Long-Term Returns
Net asset value stood at GBP 1.29 billion, equivalent to 782 pence per share, generating a total NAV return of 6% in the first half of 2026. The 10-year total NAV return CAGR was 15%, matching the 15% annual compound shareholder return over the same period.
Negative Updates
Realized Investment Losses and FX Impact
The 56 pence of unrealized portfolio gains was partly offset by 5 pence of realized investment losses and 4 pence from FX. Euro-denominated assets were adversely affected by the weakening of the euro against the pound.
Read all updates
Q2-2026 Updates
Positive
Negative
NAV Growth and Long-Term Returns
Net asset value stood at GBP 1.29 billion, equivalent to 782 pence per share, generating a total NAV return of 6% in the first half of 2026. The 10-year total NAV return CAGR was 15%, matching the 15% annual compound shareholder return over the same period.
Read all positive updates
Company Guidance
OCI expects the 9% organic average weighted earnings growth to rise, with the large number of deals completed in the last two years becoming bigger contributors to NAV growth as the positions mature. It expects continued realizations, with at least four realizations hoped to complete over the next 12 months, and possible exits and refinancings having the scope to return up to GBP 200 million to OCI, although there is clear timing and execution risk; two or three portfolio company refinancings are possible in the next six months. Given history, annual drawdowns are expected to be between GBP 150 million to GBP 200 million, while OCI would typically target more like 18-24 months cover. OCI remains committed to acquire a minimum of GBP 20 million of stock this year and expects to increase the target as cash proceeds allow.Oakley Capital Investments Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
74
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.79M | 78.41M | 32.33M | 185.30M | 154.32M | 252.49M |
| Gross Profit | 57.96M | 66.57M | 32.33M | 54.72M | 229.98M | 252.49M |
| EBITDA | 58.59M | 58.59M | 26.86M | 48.49M | 221.77M | 254.52M |
| Net Income | 52.31M | 58.59M | 26.86M | 47.49M | 222.96M | 248.73M |
Balance Sheet | ||||||
| Total Assets | 1.54B | 1.46B | 1.33B | 1.22B | 1.17B | 961.96M |
| Cash, Cash Equivalents and Short-Term Investments | 80.91M | 95.15M | 103.36M | 207.16M | 109.85M | 163.18M |
| Total Debt | 250.59M | 226.41M | 105.64M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 250.93M | 227.55M | 106.87M | 8.69M | 4.08M | 508.00K |
| Stockholders Equity | 1.29B | 1.23B | 1.23B | 1.21B | 1.17B | 961.45M |
Cash Flow | ||||||
| Free Cash Flow | -65.23M | -79.20M | -197.64M | 103.21M | 222.96M | -38.89M |
| Operating Cash Flow | -65.23M | -79.20M | -197.64M | 103.21M | 222.96M | -38.89M |
| Investing Cash Flow | 6.80M | 0.00 | -190.34M | 105.34M | -31.66M | -39.28M |
| Financing Cash Flow | 36.98M | 66.03M | 99.27M | -5.32M | -16.92M | -15.23M |
Oakley Capital Investments Technical Analysis
Negative
522.00
Price Trends
523.80
Negative
512.19
Positive
513.12
Positive
Market Momentum
-1.00
Positive
46.53
Neutral
31.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:OCI, the sentiment is Negative. The current price of 522 is below the 20-day moving average (MA) of 522.70, below the 50-day MA of 523.80, and above the 200-day MA of 513.12, indicating a neutral trend. The MACD of -1.00 indicates Positive momentum. The RSI at 46.53 is Neutral, neither overbought nor oversold. The STOCH value of 31.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:OCI.
Oakley Capital Investments Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £1.44B | 13.42 | 13.19% | 7.77% | 2.50% | 27.89% | |
75 Outperform | £1.95B | 15.05 | 4.51% | 1.99% | 68.95% | 109.67% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | £5.05B | 10.56 | 18.00% | 4.93% | 6.46% | 6.47% | |
63 Neutral | £917.38M | 16.25 | 4.15% | 0.87% | 324.32% | -0.66% | |
61 Neutral | £2.99B | 102.35 | 2.71% | 2.86% | 36.24% | -53.64% | |
48 Neutral | £823.46M | -114.17 | -0.66% | 2.88% | -88.06% | -107.88% |
* Financial Sector Average
GB:OCI
Oakley Capital Investments
520.00
-50.00
-8.77%
GB:ASHM
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217.60
52.72
31.98%
GB:ICG
ICG plc
1,763.00
-424.76
-19.42%
GB:CLDN
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385.00
20.50
5.62%
GB:BPT
Bridgepoint Group Plc
331.60
28.05
9.24%
GB:ICGT
ICG Enterprise Trust PLC GBP
1,370.00
-99.70
-6.78%
Oakley Capital Investments Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cancels 100,000 Shares in Buyback Move
Positive
Sep 14, 2026
Oakley Capital Investments has executed a share buyback in line with its capital allocation policy, purchasing 100,000 ordinary shares at 525 pence each for cancellation. Following the transaction, the company has 163,960,215 ordinary shares in is...
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial Disclosures
Oakley Capital Investments posts earnings-led NAV growth and steps up measures to tackle share price discount
Neutral
Sep 10, 2026
Oakley Capital Investments reported interim results showing NAV per share of 782 pence and a 6% total NAV return for the six months to 30 June 2026, largely driven by earnings growth across its maturing private equity portfolio. Despite this opera...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cancels 50,000 Shares in Policy-Driven Buyback
Positive
Sep 8, 2026
Oakley Capital Investments has executed a share buyback in line with its capital allocation policy, purchasing 50,000 ordinary shares at 530.35 pence each for cancellation on 7 September 2026. Following the transaction, the company has 164,060,215...
Business Operations and StrategyRegulatory Filings and Compliance
Oakley Capital Investments Sets Total Voting Rights at 164.2 Million Shares
Positive
Sep 7, 2026
Oakley Capital Investments Limited has confirmed that, as of 31 August 2026, it had 164,160,215 ordinary shares in issue, all admitted to trading on the London Stock Exchange’s main market and with none held in treasury. This establishes the...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cancels 50,000 Shares in Ongoing Buyback
Positive
Sep 3, 2026
Oakley Capital Investments Limited has repurchased 50,000 ordinary shares for cancellation at 532 pence each, in line with its capital allocation policy. Following the buyback, the company has 164,110,215 ordinary shares in issue, which also repre...
Business Operations and StrategyStock BuybackFinancial Disclosures
Oakley Capital Investments tipped to benefit from AI as discount to NAV draws scrutiny
Positive
Aug 27, 2026
QuotedData has published an update note arguing that rapid advances in artificial intelligence, particularly agentic AI, should benefit rather than threaten the business models of companies in Oakley Capital Investments’ portfolio. Because m...
Business Operations and StrategyFinancial Disclosures
Oakley Capital Investments sets date for interim results and investor webcast
Neutral
Aug 27, 2026
Oakley Capital Investments Limited will report its interim results for the six months to 30 June 2026 on 10 September 2026. The listed private equity vehicle, which offers London investors access to Oakley Capital’s funds and seeks long-term...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments trims share count with latest buyback
Positive
Aug 25, 2026
Oakley Capital Investments Limited has executed a share buyback under its capital allocation policy, purchasing 50,000 ordinary shares at 521.42 pence each for cancellation on 24 August 2026. Following the transaction, the company has 164,160,215 ...
Stock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cancels 50,000 Shares in Buyback Move
Positive
Aug 21, 2026
Oakley Capital Investments Limited has executed a share buyback as part of its capital allocation policy, purchasing 50,000 ordinary shares at 520 pence each for cancellation on 20 August 2026. Following this move, the company has 164,210,215 ordi...
Stock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cancels 50,000 Shares in Targeted Buyback
Positive
Aug 20, 2026
Oakley Capital Investments Limited has executed a share buyback in line with its capital allocation policy, purchasing 50,000 ordinary shares at 525 pence each for cancellation on 19 August 2026. Following the transaction, the company has 164,260,...
Business Operations and StrategyM&A Transactions
Oakley Capital Fund VI Buys Majority Stake in AI Data Specialist Graphwise
Positive
Aug 19, 2026
Oakley Capital Investments Limited, a London-listed closed-ended fund, offers investors exposure to private equity through stakes in Oakley Capital’s mid-market buy-out and venture funds. The firm targets long-term capital appreciation by fo...
Business Operations and StrategyStock Buyback
Oakley Capital Investments Cancels 50,000 Shares in Ongoing Buyback
Positive
Aug 17, 2026
Oakley Capital Investments has repurchased 50,000 ordinary shares at 530 pence each for cancellation, in line with its stated capital allocation policy. Following the transaction, the company has 164,310,215 shares in issue, all admitted to tradin...
Stock BuybackRegulatory Filings and Compliance
Oakley Capital Investments cancels 45,000 shares in latest buyback
Positive
Aug 11, 2026
Oakley Capital Investments Limited has repurchased 45,000 of its own ordinary shares at 527.45 pence each for cancellation, in line with its capital allocation policy. Following the transaction, the company has 164,360,215 ordinary shares in issue...
Stock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cancels 50,000 Shares in Ongoing Buyback
Positive
Aug 7, 2026
Oakley Capital Investments Limited has executed a share buyback in line with its capital allocation policy, repurchasing 50,000 ordinary shares at 528.84 pence each for cancellation. Following the transaction, the fund has 164,405,215 ordinary sha...
Regulatory Filings and Compliance
Oakley Capital Investments Confirms Total Voting Rights at 164.5 Million Shares
Neutral
Aug 3, 2026
Oakley Capital Investments Limited reported that as of 31 July 2026 it had 164,455,215 ordinary shares in issue, all admitted to trading on the London Stock Exchange and with no shares held in treasury. This establishes the company’s total v...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cancels 75,000 Shares in LSE-Listed Buyback
Positive
Jul 31, 2026
Oakley Capital Investments Limited has executed a share buyback in line with its capital allocation policy, purchasing 75,000 ordinary shares at 521 pence each for cancellation. Following the transaction, the company has 164,455,215 shares in issu...
Stock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cancels 75,000 Shares in Ongoing Buyback
Positive
Jul 31, 2026
Oakley Capital Investments Limited has executed a share buyback in line with its capital allocation policy, purchasing 75,000 ordinary shares for cancellation at 521 pence each on 30 July 2026. Following the transaction, the company has 164,455,21...
Business Operations and StrategyStock BuybackFinancial Disclosures
OCI posts solid NAV gains despite market-driven shareholder losses
Neutral
Jul 30, 2026
Oakley Capital Investments reported an unaudited net asset value of £1,289 million, equivalent to 782 pence per share, for the six months to 30 June 2026, delivering a 6.0% NAV total return per share. However, shareholders experienced a -16% ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments trims share count with targeted buyback
Positive
Jul 29, 2026
Oakley Capital Investments Limited has executed a share buyback in line with its capital allocation policy, purchasing 25,000 ordinary shares at 502.80 pence each for cancellation. The move marginally reduces the share count and can be seen as a s...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cancels 100,000 Shares in Latest Buyback
Positive
Jul 27, 2026
Oakley Capital Investments Limited, a London-listed closed-ended fund, offers investors exposure to private equity through stakes in Oakley-managed lower-mid to mid-market buy-out and venture funds. Its strategy is to outperform the FTSE All-Share...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cancels Shares After Targeted Buyback
Positive
Jul 24, 2026
Oakley Capital Investments has repurchased 35,000 ordinary shares at 512 pence each for cancellation, in line with its capital allocation policy. Following the buyback, the company has 164,655,215 ordinary shares in issue, all admitted to trading ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cancels 75,000 Shares in Latest Buyback
Positive
Jul 10, 2026
Oakley Capital Investments has bought back 75,000 of its own ordinary shares at 502 pence each for cancellation, in line with its capital allocation policy. The repurchase reduces the number of shares in issue to 164,690,215, clarifies the company...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments cancels shares after latest buyback
Positive
Jul 2, 2026
Oakley Capital Investments Limited has executed a share buyback in line with its capital allocation policy, purchasing 75,000 ordinary shares at 477 pence each for cancellation. Following the transaction, the company has 164,765,215 ordinary share...
Regulatory Filings and Compliance
Oakley Capital Investments Confirms Total Voting Rights at 164.8 Million Shares
Neutral
Jul 1, 2026
Oakley Capital Investments Limited has confirmed that, as of 30 June 2026, it had 164,840,215 ordinary shares in issue, all admitted to trading on the London Stock Exchange and with none held in treasury, resulting in an equal number of total voti...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cuts Share Count with Targeted Buyback
Positive
Jun 29, 2026
Oakley Capital Investments Limited has executed a share buyback in line with its capital allocation policy, purchasing 75,000 ordinary shares at 472 pence each for cancellation. Following the transaction, the company has 164,840,215 ordinary share...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cuts Share Count with New Buyback
Positive
Jun 24, 2026
Oakley Capital Investments has executed a share buyback in line with its capital allocation policy, purchasing 100,000 ordinary shares at 478 pence each for cancellation. Following the transaction, the fund has 164,915,215 ordinary shares in issue...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cuts Share Count With Targeted Buyback
Positive
Jun 19, 2026
Oakley Capital Investments Limited has executed a share buyback in line with its capital allocation policy, purchasing 100,000 ordinary shares at 500 pence each for cancellation. Following this transaction, the company has 165,015,215 ordinary sha...
Business Operations and StrategyStock Buyback
Oakley Capital Investments Cuts Share Count with Targeted Buyback
Positive
Jun 17, 2026
Oakley Capital Investments Limited has executed a share buyback in line with its capital allocation policy, purchasing 100,000 ordinary shares at 515 pence each for cancellation on 16 June 2026. Following the transaction, the company has 165,115,2...
Stock BuybackRegulatory Filings and Compliance
Oakley Capital Investments Cancels 100,000 Shares in Buyback
Positive
Jun 15, 2026
Oakley Capital Investments has executed a share buyback under its capital allocation policy, purchasing 100,000 ordinary shares at 516 pence each for cancellation. Following the transaction, the company has 165,215,215 ordinary shares in issue, al...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.