AMEX:ESP

Stock Analysis Report

Espey Mfg. & Electronics

Executive Summary

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally.

Snowflake

Fundamentals

Flawless balance sheet with limited growth.

Risks

  • Espey Mfg. & Electronics is not covered by any analysts.

Similar Companies

Share Price & News

How has Espey Mfg. & Electronics's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.5%

AMEX:ESP

-1.7%

US Electrical

-1.6%

US Market


1 Year Return

-11.8%

AMEX:ESP

-13.9%

US Electrical

-3.0%

US Market

ESP matched the Electrical industry (-11.2%) over the past year.

ESP underperformed the Market in United States of America which returned -0% over the past year.


Share holder returns

ESPIndustryMarket
7 Day-2.5%-1.7%-1.6%
30 Day-5.4%-11.3%-5.8%
90 Day-2.5%-3.8%0.2%
1 Year-5.5%-11.8%-12.1%-13.9%-0.8%-3.0%
3 Year5.3%-9.4%19.3%12.3%38.0%29.1%
5 Year24.8%-0.9%14.6%3.1%50.8%34.1%

Price Volatility Vs. Market

How volatile is Espey Mfg. & Electronics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Espey Mfg. & Electronics undervalued based on future cash flows and its price relative to the stock market?

29.83x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Espey Mfg. & Electronics's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Espey Mfg. & Electronics's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Espey Mfg. & Electronics is overvalued based on earnings compared to the US Electrical industry average.

Espey Mfg. & Electronics is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Espey Mfg. & Electronics, we can't assess if its growth is good value.


Price Based on Value of Assets

Espey Mfg. & Electronics is overvalued based on assets compared to the US Electrical industry average.


Next Steps

Future Growth

How is Espey Mfg. & Electronics expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Espey Mfg. & Electronics is high growth as no revenue estimate data is available.

Espey Mfg. & Electronics's earnings are expected to grow by 14.2% yearly, however this is not considered high growth (20% yearly).

Unable to compare Espey Mfg. & Electronics's revenue growth to the United States of America market average as no estimate data is available.

Espey Mfg. & Electronics's earnings growth is expected to exceed the United States of America market average.

Espey Mfg. & Electronics's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Espey Mfg. & Electronics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Espey Mfg. & Electronics performed over the past 5 years?

-3.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Espey Mfg. & Electronics's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Espey Mfg. & Electronics's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Espey Mfg. & Electronics's 1-year earnings growth is negative, it can't be compared to the US Electrical industry average.


Return on Equity

Espey Mfg. & Electronics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Espey Mfg. & Electronics used its assets less efficiently than the US Electrical industry average last year based on Return on Assets.


Return on Capital Employed

Espey Mfg. & Electronics's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Espey Mfg. & Electronics's financial position?


Financial Position Analysis

Espey Mfg. & Electronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Espey Mfg. & Electronics's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Espey Mfg. & Electronics has no debt.

Espey Mfg. & Electronics has not taken on any debt in the past 5 years.

Espey Mfg. & Electronics has no debt, it does not need to be covered by operating cash flow.

Espey Mfg. & Electronics has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Espey Mfg. & Electronics has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is Espey Mfg. & Electronics's current dividend yield, its reliability and sustainability?

4.17%

Current Dividend Yield


Dividend Yield and Payments Analysis

Espey Mfg. & Electronics's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Espey Mfg. & Electronics's dividend is above the markets top 25% of dividend payers in United States of America (3.82%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Espey Mfg. & Electronics's salary, the management and board of directors tenure and is there insider trading?

17.2yrs

Average management tenure


CEO

Pat Enright (58yo)

4.5yrs

Tenure

US$386,193

Compensation

Mr. Patrick T. Enright, Jr., also known as Pat, has been the Chief Executive Officer and President at Espey Mfg. & Electronics Corp. since February 2, 2015. From May 2010 to January 2015, Mr. Enright was e ...


CEO Compensation Analysis

Pat's remuneration is about average for companies of similar size in United States of America.

Pat's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

17.2yrs

Average Tenure

56yo

Average Age

The average tenure for the Espey Mfg. & Electronics management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

20.6yrs

Average Tenure

73yo

Average Age

The average tenure for the Espey Mfg. & Electronics board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by Espey Mfg. & Electronics individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$12,00206 Jun 19
Alvin Sabo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares500
Max PriceUS$24.03
BuyUS$23,64327 Feb 19
Alvin Sabo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares950
Max PriceUS$24.94

Ownership Breakdown


Management Team

  • David O'Neil (54yo)

    Executive VP

    • Tenure: 1.2yrs
    • Compensation: US$224.34k
  • Peggy Murphy (61yo)

    Director of Human Resources

    • Tenure: 20.8yrs
  • Katrina Sparano (49yo)

    Assistant Treasurer & Principal Accounting Officer

    • Tenure: 14.8yrs
  • Alan Winslow

    Chief Technology officer

    • Tenure: 0.0yrs
  • Barry Potoker

    Director of Marketing & Investor Relations

    • Tenure: 0.0yrs
  • Pat Enright (58yo)

    President

    • Tenure: 4.5yrs
    • Compensation: US$386.19k

Board Members

  • Howard Pinsley (79yo)

    Chairman

    • Tenure: 21.2yrs
    • Compensation: US$72.99k
  • David O'Neil (54yo)

    Executive VP

    • Tenure: 1.2yrs
    • Compensation: US$224.34k
  • Paul Corr (75yo)

    Indepedent Director

    • Tenure: 27.6yrs
    • Compensation: US$66.40k
  • Carl Helmetag (71yo)

    Independent Director

    • Tenure: 20.6yrs
    • Compensation: US$72.99k
  • Barry Pinsley (78yo)

    Independent Director

    • Tenure: 20.6yrs
    • Compensation: US$65.29k
  • Michael Wool (73yo)

    Independent Director

    • Tenure: 29.6yrs
    • Compensation: US$72.80k
  • Alvin Sabo (76yo)

    Independent Director

    • Tenure: 20.6yrs
    • Compensation: US$62.78k
  • Pat Enright (58yo)

    President

    • Tenure: 4.5yrs
    • Compensation: US$386.19k
  • Roger Sexauer (61yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: US$4.35k

Company Information

Espey Mfg. & Electronics Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Espey Mfg. & Electronics Corp.
  • Ticker: ESP
  • Exchange: AMEX
  • Founded: 1928
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: US$57.617m
  • Shares outstanding: 2.40m
  • Website: https://www.espey.com

Number of Employees


Location

  • Espey Mfg. & Electronics Corp.
  • 233 Ballston Avenue
  • Saratoga Springs
  • New York
  • 12866
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ESPAMEX (NYSE MKT LLC)YesCommon StockUSUSDJan 1968

Biography

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 23:37
End of Day Share Price2019/08/23 00:00
Earnings2019/03/31
Annual Earnings2018/06/30


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.