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ESCO Technologies

DB:ET7
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ET7
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

ESCO Technologies Inc. produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. The last earnings update was 74 days ago. More info.


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ET7 Share Price and Events
7 Day Returns
0%
DB:ET7
-2%
DE Machinery
-0.7%
DE Market
1 Year Returns
42.9%
DB:ET7
-30.9%
DE Machinery
-7.6%
DE Market
ET7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ESCO Technologies (ET7) 0% 7.6% 13.9% 42.9% 91.7% 196.6%
DE Machinery -2% -9.2% -17.9% -30.9% -23.4% 0.1%
DE Market -0.7% -0.8% -3.8% -7.6% 8.2% 11.1%
1 Year Return vs Industry and Market
  • ET7 outperformed the Machinery industry which returned -30.9% over the past year.
  • ET7 outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
ET7
Industry
5yr Volatility vs Market

Value

 Is ESCO Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ESCO Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ESCO Technologies.

DB:ET7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ET7
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 21%) (10.14%))
1.114
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.114 * 5.96%)
6.87%

Discounted Cash Flow Calculation for DB:ET7 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ESCO Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:ET7 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.87%)
2020 27.93 Est @ -25.86% 26.14
2021 22.89 Est @ -18.03% 20.05
2022 20.02 Est @ -12.56% 16.40
2023 18.27 Est @ -8.72% 14.01
2024 17.17 Est @ -6.04% 12.32
2025 16.46 Est @ -4.16% 11.05
2026 15.99 Est @ -2.84% 10.04
2027 15.68 Est @ -1.92% 9.22
2028 15.48 Est @ -1.28% 8.52
2029 15.35 Est @ -0.82% 7.90
Present value of next 10 years cash flows $135.65
DB:ET7 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $15.35 × (1 + 0.23%) ÷ (6.87% – 0.23%)
$231.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $231.80 ÷ (1 + 6.87%)10
$119.31
DB:ET7 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $135.65 + $119.31
$254.95
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $254.95 / 25.98
$9.81
DB:ET7 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ET7 represents 0.88607x of NYSE:ESE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88607x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 9.81 x 0.88607
€8.70
Value per share (EUR) From above. €8.70
Current discount Discount to share price of €73.03
= -1 x (€73.03 - €8.70) / €8.70
-739.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ESCO Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ESCO Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ESCO Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ET7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.23
NYSE:ESE Share Price ** NYSE (2019-07-22) in USD $82.42
Germany Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 14.16x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ESCO Technologies.

DB:ET7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ESE Share Price ÷ EPS (both in USD)

= 82.42 ÷ 3.23

25.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ESCO Technologies is overvalued based on earnings compared to the DE Machinery industry average.
  • ESCO Technologies is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does ESCO Technologies's expected growth come at a high price?
Raw Data
DB:ET7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
8.7%per year
Germany Machinery Industry PEG Ratio Median Figure of 29 Publicly-Listed Machinery Companies 1.27x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:ET7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.55x ÷ 8.7%

2.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ESCO Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ESCO Technologies's assets?
Raw Data
DB:ET7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $30.53
NYSE:ESE Share Price * NYSE (2019-07-22) in USD $82.42
Germany Machinery Industry PB Ratio Median Figure of 47 Publicly-Listed Machinery Companies 1.45x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:ET7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ESE Share Price ÷ Book Value per Share (both in USD)

= 82.42 ÷ 30.53

2.7x

* Primary Listing of ESCO Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ESCO Technologies is overvalued based on assets compared to the DE Machinery industry average.
X
Value checks
We assess ESCO Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. ESCO Technologies has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ESCO Technologies expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ESCO Technologies expected to grow at an attractive rate?
  • ESCO Technologies's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • ESCO Technologies's earnings growth is positive but not above the Germany market average.
  • ESCO Technologies's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ET7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ET7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 8.7%
DB:ET7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 8.2%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.9%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ET7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ET7 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 988 102 1
2020-09-30 898 94 2
2019-09-30 837 85 2
DB:ET7 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 800 77 84
2018-12-31 781 84 75
2018-09-30 772 93 92
2018-06-30 748 88 83
2018-03-31 726 64 76
2017-12-31 713 69 78
2017-09-30 686 67 54
2017-06-30 638 74 51
2017-03-31 607 101 50
2016-12-31 585 88 48
2016-09-30 571 74 46
2016-06-30 566 67 42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ESCO Technologies's earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
  • ESCO Technologies's revenue is expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ET7 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from ESCO Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ET7 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 3.85 3.85 3.85 1.00
2020-09-30 3.60 3.65 3.55 2.00
2019-09-30 3.28 3.32 3.24 2.00
DB:ET7 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.23
2018-12-31 2.89
2018-09-30 3.56
2018-06-30 3.20
2018-03-31 2.96
2017-12-31 3.01
2017-09-30 2.08
2017-06-30 2.00
2017-03-31 1.96
2016-12-31 1.86
2016-09-30 1.78
2016-06-30 1.62

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ESCO Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ESCO Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ESCO Technologies has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ESCO Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ESCO Technologies's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ESCO Technologies's year on year earnings growth rate has been positive over the past 5 years.
  • ESCO Technologies's 1-year earnings growth is less than its 5-year average (9.3% vs 17.8%)
  • ESCO Technologies's earnings growth has exceeded the DE Machinery industry average in the past year (9.3% vs -1.3%).
Earnings and Revenue History
ESCO Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ESCO Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ET7 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 799.86 83.59 162.19
2018-12-31 780.68 74.78 161.27
2018-09-30 771.58 92.14 162.43
2018-06-30 747.50 82.86 164.14
2018-03-31 726.47 76.48 162.69
2017-12-31 712.87 77.65 156.83
2017-09-30 685.74 53.70 148.43
2017-06-30 638.24 51.44 141.41
2017-03-31 607.24 50.33 134.32
2016-12-31 584.99 47.78 131.96
2016-09-30 571.46 45.88 131.49
2016-06-30 565.57 41.95 128.13
2016-03-31 559.57 41.17 129.55
2015-12-31 549.58 40.54 129.95
2015-09-30 537.29 41.74 130.17
2015-06-30 535.09 41.68 134.94
2015-03-31 531.40 42.52 135.64
2014-12-31 527.22 43.80 134.53
2014-09-30 531.12 42.61 134.90
2014-06-30 524.31 43.57 132.19
2014-03-31 510.73 38.49 130.25
2013-12-31 504.01 34.75 130.00
2013-09-30 490.08 31.26 129.81
2013-06-30 469.03 26.85 126.86
2013-03-31 470.54 31.88 127.42
2012-12-31 436.29 34.91 113.14
2012-09-30 478.70 34.77 128.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ESCO Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ESCO Technologies used its assets more efficiently than the DE Machinery industry average last year based on Return on Assets.
  • ESCO Technologies has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ESCO Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ESCO Technologies has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ESCO Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ESCO Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ESCO Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ESCO Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ESCO Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ESCO Technologies Company Filings, last reported 3 months ago.

DB:ET7 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 794.40 217.10 34.96
2018-12-31 776.79 215.27 36.63
2018-09-30 759.41 220.00 30.48
2018-06-30 727.25 262.00 43.26
2018-03-31 719.54 265.00 42.91
2017-12-31 707.07 260.00 41.60
2017-09-30 671.92 275.00 45.52
2017-06-30 644.59 265.00 48.52
2017-03-31 633.64 170.00 53.50
2016-12-31 620.64 180.00 51.76
2016-09-30 615.11 110.00 53.83
2016-06-30 604.26 86.46 40.54
2016-03-31 597.25 98.89 38.76
2015-12-31 591.14 70.00 39.83
2015-09-30 584.18 50.00 39.41
2015-06-30 592.06 65.41 36.88
2015-03-31 581.95 73.00 34.72
2014-12-31 581.72 60.00 38.61
2014-09-30 580.17 40.00 35.13
2014-06-30 582.03 48.00 40.22
2014-03-31 576.33 40.00 36.36
2013-12-31 611.17 177.51 34.37
2013-09-30 601.71 172.00 42.85
2013-06-30 625.36 187.00 31.65
2013-03-31 621.36 177.70 35.88
2012-12-31 621.19 164.63 33.49
2012-09-30 631.31 115.00 30.22
  • ESCO Technologies's level of debt (27.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7% vs 27.3% today).
  • Debt is well covered by operating cash flow (35.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.4x coverage).
X
Financial health checks
We assess ESCO Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ESCO Technologies has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ESCO Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.39%
Current annual income from ESCO Technologies dividends. Estimated to be 0.39% next year.
If you bought €2,000 of ESCO Technologies shares you are expected to receive €8 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ESCO Technologies's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • ESCO Technologies's dividend is below the markets top 25% of dividend payers in Germany (3.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ET7 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ET7 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-09-30
2020-09-30 0.32 1.00
2019-09-30 0.32 1.00
DB:ET7 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-07 0.320 0.441
2018-08-07 0.320 0.488
2018-05-09 0.320 0.544
2018-05-08 0.320 0.556
2018-02-07 0.320 0.539
2018-02-06 0.320 0.518
2017-11-29 0.320 0.516
2017-11-14 0.320 0.517
2017-08-08 0.320 0.559
2017-05-09 0.320 0.538
2017-05-04 0.320 0.554
2017-02-08 0.320 0.567
2017-02-07 0.320 0.581
2016-11-29 0.320 0.560
2016-11-14 0.320 0.582
2016-08-08 0.320 0.706
2016-08-02 0.320 0.742
2016-05-06 0.320 0.790
2016-05-03 0.320 0.835
2016-02-09 0.320 0.858
2015-08-10 0.320 0.884
2015-05-05 0.320 0.851
2015-02-09 0.320 0.839
2014-08-07 0.320 0.895
2014-05-08 0.320 0.940
2014-05-07 0.320 0.962
2014-02-07 0.320 0.917
2014-02-06 0.320 0.939
2013-11-27 0.320 0.940
2013-11-11 0.320 0.937
2013-08-09 0.320 0.964
2013-08-08 0.320 0.960
2013-02-07 0.320 0.891
2012-11-12 0.320 0.850
2012-08-09 0.320 0.870
2012-05-09 0.320 0.909
2012-02-07 0.320 0.908
2011-11-08 0.320 1.119
2011-08-02 0.320 1.117
2011-05-03 0.320 0.891
2011-02-03 0.320 0.851
2010-11-11 0.320 0.866
2010-08-03 0.320 0.961
2010-05-04 0.320 1.171
2009-11-12 0.320 0.960

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ESCO Technologies is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • ESCO Technologies is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of ESCO Technologies's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of ESCO Technologies's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of ESCO Technologies's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess ESCO Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ESCO Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ESCO Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ESCO Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vic Richey
COMPENSATION $3,765,361
AGE 62
TENURE AS CEO 16.3 years
CEO Bio

Mr. Victor L. Richey, Jr., also known as Vic, has been the Chief Executive Officer and President at ESCO Technologies Inc. since April 2003 and October 2006 respectively. Mr. Richey serves as the President of Distribution Control Systems Caribe, Inc. He served as the President and Chief Operating Officer of ESCO Technologies Inc. from August 2001 to October 2002. He joined the ESCO Technologies Inc. in 1990 and previously served in a number of positions including Vice President of Sales and Marketing for one of the Company’s former divisions; Vice President of Administration; Vice President responsible for the Company’s Communications and Test segments and President and Chief Operating Officer. From March 1998 to October 2000, he served as a Vice President of ESCO and was Senior Vice President and Group Executive from October 2000 to August 2001. Mr. Richey was employed by Emerson Electric Co., an international technology and engineering provider of process management, network power, industrial automation, climate technologies, and commercial and residential solutions, in a variety of roles in the Electronics and Space Division. He previously served in the United States Army as a Military Intelligence Officer. Mr. Richey served as a Vice President of Systems & Electronics Inc. (then a subsidiary of ESCO Technologies Inc.) from February 1997 to March 1998. From March 1998 to October 2000, he served as Vice President of ESCO Technologies Inc., and also served as a Senior Vice President and Group Executive from October 2000 to August 2001. He has been the Chairman of ESCO Technologies Inc. since April 17, 2003 and its Director since April 2002. He serves as the Chairman of Distribution Control Systems Caribe, Inc. He has been an Independent Director of Nordson Corporation since February 2010. Mr. Richey holds a Bachelor of Arts degree from Western Kentucky University and a Masters in Business Administration degree from Washington University in St. Louis, Missouri.

CEO Compensation
  • Vic's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Vic's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the ESCO Technologies management team in years:

9
Average Tenure
59.5
Average Age
  • The average tenure for the ESCO Technologies management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Vic Richey

TITLE
Chairman
COMPENSATION
$4M
AGE
62
TENURE
16.3 yrs

Gary Muenster

TITLE
Executive VP
COMPENSATION
$2M
AGE
59
TENURE
16.8 yrs

Alyson Barclay

TITLE
Senior VP
COMPENSATION
$1M
AGE
60
TENURE
19.8 yrs

Kate Lowrey

TITLE
Director of Investor Relations

Bruce Butler

TITLE
President of ETS-Lindgren Inc.
AGE
59
TENURE
1.7 yrs

Tony Gonzalez

TITLE
President of VACCO Industries

Bryan Sayler

TITLE
Utility Solutions Group President & President of Doble Engineering Company
TENURE
1.7 yrs

Randall Loga

TITLE
Technical Packaging Group VP & President of Thermoform Engineered Quality LLC

Sam Chapetta

TITLE
Filtration Group President
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the ESCO Technologies board of directors in years:

5.2
Average Tenure
64.5
Average Age
  • The tenure for the ESCO Technologies board of directors is about average.
Board of Directors

Gary Muenster

TITLE
Executive VP
COMPENSATION
$2M
AGE
59
TENURE
8.4 yrs

Larry Solley

TITLE
Director
COMPENSATION
$290K
AGE
77
TENURE
20.5 yrs

Vic Richey

TITLE
Chairman
COMPENSATION
$4M
AGE
62
TENURE
16.3 yrs

Jim Stolze

TITLE
Lead Director
COMPENSATION
$317K
AGE
76
TENURE
2.7 yrs

Vinod Khilnani

TITLE
Director
COMPENSATION
$290K
AGE
67
TENURE
4.9 yrs

Lee Olivier

TITLE
Independent Director
COMPENSATION
$285K
AGE
71
TENURE
5.2 yrs

Bob Phillippy

TITLE
Independent Director
COMPENSATION
$285K
AGE
59
TENURE
5.2 yrs

Pat Dewar

TITLE
Independent Director
COMPENSATION
$295K
AGE
59
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • ESCO Technologies individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
22. May 19 Sell Gary Muenster Individual 21. May 19 22. May 19 -3,903 €65.46 €-255,120
20. May 19 Sell Gary Muenster Individual 16. May 19 20. May 19 -6,097 €66.24 €-397,577
20. Feb 19 Sell Larry Solley Individual 19. Feb 19 19. Feb 19 -4,177 €61.21 €-255,675
X
Management checks
We assess ESCO Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ESCO Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

ESCO Technologies Inc. produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. The company operates in four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG), and Technical Packaging. The Filtration segment supplies filter elements, manifolds, assemblies, modules, indicators, custom and standard valves, filters, regulators, actuators, and other related components; elastomeric-based signature reduction solutions; and mission-critical bushings, pins, sleeves, and precision-tolerance machined components, as well as processing services. The Test segment designs and manufactures RF test and secure communication facilities, acoustic test enclosures, RF and magnetically shielded rooms, RF measurement systems, and broadcast and recording studios; and RF absorptive materials and filters, active compensation systems, antennas, antenna masts, turntables, electric and magnetic probes, RF test cells, proprietary measurement software, and other test accessories to perform various tests, as well as calibration for antennas and field probes, chamber certification, field surveys, customer training, and various product tests. The USG segment offers diagnostic testing solutions for electrical equipment. Its solutions include protection diagnostics with the Doble Protection Suite, RTS, Manta MTS-5100, and F6000 series; the M4100 and transformational technology of the M7100 Doble Tester, the dobleARMS asset risk management system, and the Enoserv PowerBase and DUCe compliance tools. The Technical Packaging segment offers thermoformed products and packaging materials for medical, pharmaceutical, retail, food, and electronic applications. The company distributes its products through a network of distributors, sales representatives, direct sales teams, and in-house sales personnel. ESCO Technologies Inc. was founded in 1990 and is headquartered in St. Louis, Missouri.

Details
Name: ESCO Technologies Inc.
ET7
Exchange: DB
Founded: 1990
$1,908,131,353
25,977,687
Website: http://www.escotechnologies.com
Address: ESCO Technologies Inc.
9900A Clayton Road,
St. Louis,
Missouri, 63124,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ESE Common Stock New York Stock Exchange US USD 01. Oct 1990
DB ET7 Common Stock Deutsche Boerse AG DE EUR 01. Oct 1990
Number of employees
Current staff
Staff numbers
3,036
ESCO Technologies employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 20:31
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/11
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.