AMEX:ESP

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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. More Details


Snowflake Analysis

Flawless balance sheet and fair value.


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

Stable Share Price: ESP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.2%

ESP

0.4%

US Electrical

-1.3%

US Market


1 Year Return

-16.4%

ESP

28.5%

US Electrical

18.5%

US Market

Return vs Industry: ESP underperformed the US Electrical industry which returned 29.3% over the past year.

Return vs Market: ESP underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

ESPIndustryMarket
7 Day0.2%0.4%-1.3%
30 Day0.8%10.2%5.3%
90 Day2.4%18.2%7.5%
1 Year-12.1%-16.4%31.1%28.5%21.3%18.5%
3 Year-7.0%-20.7%42.1%34.0%42.4%32.9%
5 Year-10.5%-29.7%51.3%40.7%84.2%63.5%

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 compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ESP ($17.77) is trading below our estimate of fair value ($133.1)

Significantly Below Fair Value: ESP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ESP is poor value based on its PE Ratio (36.5x) compared to the US Electrical industry average (25.8x).

PE vs Market: ESP is poor value based on its PE Ratio (36.5x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ESP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ESP is good value based on its PB Ratio (1.4x) compared to the US Electrical industry average (4x).


Next Steps

Future Growth

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

23.9%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Espey Mfg. & Electronics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

-10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ESP has high quality earnings.

Growing Profit Margin: ESP's current net profit margins (3.7%) are lower than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: ESP's earnings have declined by 10.8% per year over the past 5 years.

Accelerating Growth: ESP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ESP had negative earnings growth (-50.3%) over the past year, making it difficult to compare to the Electrical industry average (-24.7%).


Return on Equity

High ROE: ESP's Return on Equity (3.7%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: ESP's short term assets ($34.7M) exceed its short term liabilities ($6.7M).

Long Term Liabilities: ESP's short term assets ($34.7M) exceed its long term liabilities ($233.0K).


Debt to Equity History and Analysis

Debt Level: ESP is debt free.

Reducing Debt: ESP has not had any debt for past 5 years.

Debt Coverage: ESP has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ESP has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

5.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ESP's dividend (5.63%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: ESP's dividend (5.63%) is in the top 25% of dividend payers in the US market (4.66%)


Stability and Growth of Payments

Stable Dividend: ESP's dividend payments have been volatile in the past 10 years.

Growing Dividend: ESP's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (205.7%), ESP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

18.3yrs

Average management tenure


CEO

Pat Enright (59 yo)

5.67yrs

Tenure

US$508,621

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

Compensation vs Market: Pat's total compensation ($USD508.62K) is about average for companies of similar size in the US market ($USD585.94K).

Compensation vs Earnings: Pat's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Enright
President5.67yrsUS$508.62k0.22%
$ 96.1k
David O'Neil
Executive VP2.33yrsUS$233.72k1.05%
$ 458.0k
Peggy Murphy
Director of Human Resources22yrsUS$150.88k0.44%
$ 192.7k
Katrina Sparano
Assistant Treasurer & Principal Accounting Officer15.92yrsno data0.23%
$ 100.9k
Alan Winslow
Chief Technology officerno datano datano data
Barry Potoker
Director of Marketing & Investor Relationsno datano datano data

18.3yrs

Average Tenure

57yo

Average Age

Experienced Management: ESP's management team is seasoned and experienced (18.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Patrick Enright
President5.67yrsUS$508.62k0.22%
$ 96.1k
David O'Neil
Executive VP2.33yrsUS$233.72k1.05%
$ 458.0k
Howard Pinsley
Chairman22.33yrsUS$71.05k4.12%
$ 1.8m
Paul Corr
Independent Indepedent Director28.75yrsUS$73.87k0.85%
$ 371.4k
Carl Helmetag
Independent Director21.75yrsUS$75.76k0.89%
$ 390.2k
Michael Wool
Independent Director30.75yrsUS$74.32k0.62%
$ 272.6k
Alvin Sabo
Independent Director21.75yrsUS$69.32k0.82%
$ 358.1k
Roger Sexauer
Independent Director2.33yrsUS$69.32k0.042%
$ 18.2k

21.8yrs

Average Tenure

73yo

Average Age

Experienced Board: ESP's board of directors are seasoned and experienced ( 21.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$43.656m
  • Shares outstanding: 2.40m
  • Website: https://www.espey.com

Number of Employees


Location

  • Espey Mfg. & Electronics Corp.
  • 233 Ballston Avenue
  • Saratoga Springs
  • New York
  • 12866-4755
  • 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 Analysis2020/10/21 00:47
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.