ESP Stock Analysis: Espey Mfg & Electronics | NYSE MKT
Electrical Equipment & Parts | NYSE MKT, USA | Market Cap: 169m USD | 12M Return: 25.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.67M
EPS Trend: 90.6%
Qual. Beats: 0
Rev. Trend: 79.8%
Warnings
Tailwinds
No distinct edge detected
Seasonality
Espey Mfg. & Electronics Corp. (ESP) is a Saratoga Springs, New York-based manufacturer founded in 1928 that designs and produces specialized electronic equipment, primarily serving military and industrial customers in the United States and abroad. Its product portfolio centers on power-related components, including power supplies, converters, filters, transformers, magnetic components, power distribution equipment, UPS systems, and antennas, with applications spanning naval shipboard systems, airborne and ground-based radar, and AC/DC locomotive power systems. Beyond finished equipment, the company offers design, build-to-print, environmental testing, and metal fabrication services, and also populates printed circuit boards and manufactures individual components such as inductors.
The company sells through a direct sales force and outside representatives to U.S. and foreign governments, defense contractors, and industrial manufacturers. As a micro-cap stock (~$169M market cap) in the Electrical Components & Equipment sub-industry, ESP operates in the niche defense electronics segment, where long-standing supplier relationships, legacy designs, and ITAR/export-controlled certifications typically serve as meaningful competitive moats against new entrants.
- Military electronics backlog growth drives revenue visibility
- Navy shipbuilding and radar upgrades boost power supply demand
- Component cost inflation pressures margins on fixed-price defense contracts
| Net Income: 10.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.35 > 1.0 |
| NWC/Revenue: 119.6% < 20% (prev 88.86%; Δ 30.76% < -1%) |
| CFO/TA 0.09 > 3% & CFO 9.07m > Net Income 10.8m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 2.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.89m) vs 12m ago 6.90% < -2% |
| Gross Margin: 36.52% > 18% (prev 26.35%; Δ 10.17% > 0.5%) |
| Asset Turnover: 50.04% > 50% (prev 63.11%; Δ -13.06% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.53 (Total Current Assets 90.1m - Total Current Liabilities 39.6m) / Total Assets 96.0m |
| B: 0.37 (Retained Earnings 35.3m / Total Assets 96.0m) |
| C: 0.15 (EBIT TTM 12.8m / Avg Total Assets 84.4m) |
| D: 1.43 (Book Value of Equity 56.4m / Total Liabilities 39.6m) |
| Altman-Z'' = 7.17 = AAA |
As of July 29, 2026, the stock is trading at USD 58.11 with a total of 50,086 shares traded. Over the past week, the price has changed by +2.72%, over one month by -12.59%, over three months by -17.58% and over the past year by +25.61%.
Current recommended Stop Loss: 51.40 (which is 11.5% or 2.1 ATR below the current price).
Espey Mfg & Electronics has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold ESP.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 65 | 11.9% |
P/E Trailing = 15.1129
P/E Forward = 11.3766
P/S = 4.0831
P/B = 3.156
Revenue TTM = 42.2m USD
EBIT TTM = 12.8m USD
EBITDA TTM = 13.3m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 122.8m USD (169.5m + (null Debt) - CCE 46.7m)
Interest Coverage Ratio = unknown (Ebit TTM 12.8m / Interest Expense TTM 0.0)
EV/FCF = 16.77x (Enterprise Value 122.8m / FCF TTM 7.32m)
FCF Yield = 5.96% (FCF TTM 7.32m / Enterprise Value 122.8m)
FCF Margin = 17.34% (FCF TTM 7.32m / Revenue TTM 42.2m)
Net Margin = 25.49% (Net Income TTM 10.8m / Revenue TTM 42.2m)
Gross Margin = 36.52% ((Revenue TTM 42.2m - Cost of Revenue TTM 26.8m) / Revenue TTM)
Gross Margin QoQ = 37.03% (prev 34.71%)
Tobins Q-Ratio = 1.28 (Enterprise Value 122.8m / Total Assets 96.0m)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 15.95% (2.04m / 12.8m)
NOPAT = 10.8m (EBIT 12.8m * (1 - 15.95%))
Current Ratio = 2.11 (Total Current Assets 90.1m / Total Current Liabilities 42.7m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 13.3m)
Debt / FCF = unknown (Net Debt none / FCF TTM 7.32m)
Total Stockholder Equity = 52.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 12.76% (Net Income 10.8m / Total Assets 96.0m)
RoE = 20.38% (Net Income TTM 10.8m / Total Stockholder Equity 52.9m)
RoCE = 22.72% (EBIT 12.8m / Capital Employed (Total Assets 96.0m - Current Liab 39.6m))
RoIC = 19.84% (NOPAT 10.8m / Invested Capital 54.3m)
WACC = 8.42% (E(169.5m)/V(169.5m) * Re(8.42%) + (debt-free company))
Discount Rate = 8.42% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.41 | Cagr: 6.60%
[DCF] Terminal Value 77.74% ; FCFF base≈6.52m ; Y1≈7.47m ; Y5≈11.0m
[DCF] Fair Price = 54.54 (EV 163.4m - Net Debt 0.0 = Equity 163.4m / Shares 3.00m; r=8.42% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 90.59 | EPS CAGR: 39.85% | SUE: 0.23 | # QB: 0
Revenue Correlation: 79.77 | Revenue CAGR: 8.53% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.85 | Chg30d=-1.16% | Revisions=-25% | Analysts=1
EPS current Year (2026-06-30): EPS=3.77 | Chg30d=+5.01% | Revisions=+25% | GrowthEPS=+0.0% | GrowthRev=+0.0%
EPS next Year (2027-06-30): EPS=3.71 | Chg30d=+2.20% | Revisions=+25% | GrowthEPS=-1.6% | GrowthRev=+11.2%