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.
Flawless balance sheet and fair value.
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.
7 Day Return
1 Year Return
Return vs Industry: ESP underperformed the US Electrical industry which returned 32.6% over the past year.
Return vs Market: ESP underperformed the US Market which returned 18.7% over the past year.
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
2 weeks ago | Simply Wall StEspey Mfg. & Electronics Corp.'s (NYSEMKT:ESP) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?
1 month ago | Simply Wall StShould Espey Mfg. & Electronics Corp. (NYSEMKT:ESP) Be Part Of Your Dividend Portfolio?
1 month ago | Simply Wall StJust 1 Days Before Espey Mfg. & Electronics Corp. (NYSEMKT:ESP) Will Be Trading Ex-Dividend
Is Espey Mfg. & Electronics undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ESP ($18) is trading below our estimate of fair value ($53.35)
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 (31.9x) compared to the US Electrical industry average (23.8x).
PE vs Market: ESP is poor value based on its PE Ratio (31.9x) compared to the US market (19.1x).
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 (2.9x).
How is Espey Mfg. & Electronics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Espey Mfg. & Electronics is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Espey Mfg. & Electronics competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Espey Mfg. & Electronics performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ESP has high quality earnings.
Growing Profit Margin: ESP's current net profit margins (4.3%) are lower than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: ESP's earnings have declined by 7.1% 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 (-29.3%) over the past year, making it difficult to compare to the Electrical industry average (-20.9%).
Return on Equity
High ROE: ESP's Return on Equity (4.4%) is considered low.
How is Espey Mfg. & Electronics's financial position?
Financial Position Analysis
Short Term Liabilities: ESP's short term assets ($33.2M) exceed its short term liabilities ($6.0M).
Long Term Liabilities: ESP's short term assets ($33.2M) exceed its long term liabilities ($254.8K).
Debt to Equity History and Analysis
Debt Level: ESP is debt free.
Reducing Debt: ESP has not had any debt for past 5 years.
Debt Coverage: ESP has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ESP has no debt, therefore coverage of interest payments is not a concern.
What is Espey Mfg. & Electronics's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ESP's dividend (5.56%) is higher than the bottom 25% of dividend payers in the US market (1.59%).
High Dividend: ESP's dividend (5.56%) is in the top 25% of dividend payers in the US market (4.31%)
Stability and Growth of Payments
Stable Dividend: ESP's dividend payments have been volatile in the past 10 years.
Growing Dividend: ESP's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (177.3%), ESP's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Pat Enright (59 yo)
Mr. Patrick T. Enright, Jr., also known as Pat, has been the Chief Executive Officer and President at Espey Mfg. & Electronics Corp. since February 2, 2015. From May 2010 to January 2015, Mr. Enright was e ...
CEO Compensation Analysis
Compensation vs Market: Pat's total compensation ($USD508.62K) is about average for companies of similar size in the US market ($USD589.02K).
Compensation vs Earnings: Pat's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive VP||2.17yrs||US$233.72k||1.05% |
|Director of Human Resources||21.83yrs||US$150.88k||0.44% |
|Assistant Treasurer & Principal Accounting Officer||15.75yrs||no data||0.23% |
|Chief Technology officer||no data||no data||no data|
|Director of Marketing & Investor Relations||no data||no data||no data|
Experienced Management: ESP's management team is seasoned and experienced (18.2 years average tenure).
|Executive VP||2.17yrs||US$233.72k||1.05% |
|Independent Indepedent Director||28.58yrs||US$73.87k||0.85% |
|Independent Director||21.58yrs||US$75.76k||0.89% |
|Independent Director||30.58yrs||US$74.32k||0.62% |
|Independent Director||21.58yrs||US$69.32k||0.82% |
|Independent Director||2.17yrs||US$69.32k||0.042% |
Experienced Board: ESP's board of directors are seasoned and experienced ( 21.6 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Espey Mfg. & Electronics Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Espey Mfg. & Electronics Corp.
- Ticker: ESP
- Exchange: AMEX
- Founded: 1928
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$43.247m
- Shares outstanding: 2.40m
- Website: https://www.espey.com
Number of Employees
- Espey Mfg. & Electronics Corp.
- 233 Ballston Avenue
- Saratoga Springs
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ESP||AMEX (NYSE MKT LLC)||Yes||Common Stock||US||USD||Jan 1968|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/14 11:51|
|End of Day Share Price||2020/08/13 00:00|