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Oxford Technology 2 VCT
(LSE:OXH)
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Rating:59Neutral
Price Target:
9.00 p
▲(50.00% Upside)
Action:N/A
Date:09/23/26
The score is capped primarily by weak financial quality despite a strong balance sheet: results and revenue have been highly volatile and cash flows remain consistently negative, including negative operating cash flow in the latest year. Technicals are mildly supportive with price above longer-term averages and neutral momentum, while valuation looks attractive on a very low P/E, partially offsetting the fundamental risk.
Positive Factors
Debt-free balance sheet
The absence of debt removes leverage and refinancing pressure, while the sizeable equity base provides financial resilience. This gives the VCT flexibility to support portfolio investments, absorb valuation volatility, and meet obligations without relying heavily on external funding.
Negative Factors
Persistent cash consumption
Continued negative operating and free cash flow indicates that reported earnings are not consistently converting into cash. This can constrain distributions and new investments, making the VCT more dependent on portfolio exits, asset sales, or its existing cash resources.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt removes leverage and refinancing pressure, while the sizeable equity base provides financial resilience. This gives the VCT flexibility to support portfolio investments, absorb valuation volatility, and meet obligations without relying heavily on external funding.
Read all positive factors
Oxford Technology 2 VCT (OXH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.37M
Dividend Yield0.6%
Average Volume (3M)592.00
Price to Earnings (P/E)4.8
Beta (1Y)-0.05
Revenue Growth157.14%
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.04
Shares Outstanding27,844,889
10 Day Avg. Volume900
30 Day Avg. Volume592
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.30
Price to Sales (P/S)15.72
P/FCF Ratio-38.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Oxford Technology 2 VCT Business Overview & Revenue Model
Company Description
Oxford Technology 2 Venture Capital Trust plc primarily allocates capital to nascent and early-stage businesses. This fund's strategy involves backing privately held companies, with a particular focus on enterprises engaged in the science, technol...
How the Company Makes Money
Oxford Technology 2 VCT makes money primarily from investment returns generated by its portfolio companies rather than from selling products or services. Key value and cash-generation mechanisms typically include: (1) capital gains on exits, where...
Oxford Technology 2 VCT Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 124.00K | 89.00K | -1.58M | 68.00K | 449.00K |
| Gross Profit | 71.00K | 26.00K | -64.00K | -4.00K | 24.00K |
| EBITDA | 677.00K | -1.49M | -1.75M | 0.00 | 381.00K |
| Net Income | 677.00K | -1.49M | -1.75M | -1.88M | 381.00K |
Balance Sheet | |||||
| Total Assets | 6.77M | 6.04M | 7.47M | 9.21M | 1.73M |
| Cash, Cash Equivalents and Short-Term Investments | 67.00K | 97.00K | 139.00K | 292.00K | 184.00K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 206.00K | 155.00K | 93.00K | 84.00K | 24.00K |
| Stockholders Equity | 6.56M | 5.89M | 7.38M | 9.13M | 1.70M |
Cash Flow | |||||
| Free Cash Flow | -50.00K | -119.00K | -157.00K | -210.00K | -70.00K |
| Operating Cash Flow | -50.00K | -119.00K | -157.00K | -210.00K | -70.00K |
| Investing Cash Flow | 20.00K | 77.00K | 4.00K | 52.00K | 68.00K |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 266.00K | -25.00K |
Oxford Technology 2 VCT Peers Comparison
UnderperformOutperform
Sector (68)
GB:OXH
Oxford Technology 2 VCT
8.50
2.50
41.67%
GB:PUAL
Puma Alpha VCT Plc
85.50
-12.00
-12.31%
GB:TPV
Triple Point VCT 2011 PLC
88.50
3.49
4.10%
GB:PU13
Puma VCT 13 PLC
117.50
1.00
0.86%
Oxford Technology 2 VCT Corporate Events
Financial DisclosuresRegulatory Filings and Compliance
Oxford Technology 2 VCT Posts Lower Half-Year NAVs but Maintains Strong Cumulative Returns
Neutral
Sep 21, 2026
Oxford Technology 2 VCT plc reported unaudited net asset values for its four share classes for the half year to 31 August 2026, showing declines in NAV per share ranging from 0.3% to 11.3% compared with the audited figures at 28 February 2026. Des...
Regulatory Filings and ComplianceShareholder Meetings
Oxford Technology 2 VCT Secures Shareholder Backing at AGM
Positive
Jul 16, 2026
Oxford Technology 2 VCT reported that all resolutions at its 16 July 2026 annual general meeting were approved on a show of hands, confirming shareholder support for the board’s proposals. Proxy votes were lodged for 5,029,447 ordinary share...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Oxford Technology 2 VCT Wins Shareholder Backing at 2026 AGM
Positive
Jul 16, 2026
Oxford Technology 2 VCT plc reported that all resolutions at its 16 July 2026 annual general meeting were passed on a show of hands, confirming shareholder support for the board’s proposals. Proxy votes were lodged for 5,029,447 ordinary sha...
Regulatory Filings and Compliance
Oxford Technology 2 VCT Director Increases Shareholding
Positive
Jul 2, 2026
Oxford Technology 2 VCT plc has disclosed a share purchase by non-executive director Richard Roth, in line with EU Market Abuse Regulation requirements. The company’s ordinary shares, OT1, represent investors’ stakes in a portfolio of ...
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.