Espey Mfg. & Electronics (ESP)
XASE:ESP
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Espey Mfg & Electronics
(NYSE MKT:ESP)
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Rating:81Outperform
Price Target:
$70.00
▲(20.11% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by strong financial quality (profitability improvement and a debt-free balance sheet), offset by weaker and more volatile cash-flow conversion in the TTM period. Technicals are supportive due to a clear uptrend, and valuation is favorable with a moderate P/E and a solid dividend yield.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure and meaningful equity growth provide durable financial flexibility. This reduces solvency risk, supports investment in programs or working capital when needed, and preserves the ability to pursue contracts or weather procurement timing without refinancing pressure.
Negative Factors
Volatile cash generation
Sharp swings in free cash flow and a low conversion of net income to operating cash suggest working-capital timing or project-payment risk. Persistent cash volatility can constrain organic reinvestment, damp dividend sustainability, and limit ability to fund growth without altering capital structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure and meaningful equity growth provide durable financial flexibility. This reduces solvency risk, supports investment in programs or working capital when needed, and preserves the ability to pursue contracts or weather procurement timing without refinancing pressure.
Read all positive factors
Espey Mfg & Electronics (ESP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$180.32M
Dividend Yield3%
Average Volume (3M)31.10K
Price to Earnings (P/E)13.5
Beta (1Y)1.08
Revenue Growth-8.09%
EPS Growth42.56%
CountryUS
Employees148
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)3.96
Shares Outstanding2,995,922
10 Day Avg. Volume48,488
30 Day Avg. Volume31,100
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)2.33
Price to Sales (P/S)2.69
P/FCF Ratio7.12
Enterprise Value/Market Cap0.82
Enterprise Value/Revenue3.50
Enterprise Value/Gross Profit9.57
Enterprise Value/Ebitda13.13
Forecast
1Y Price Target
$65.00Price Target Upside11.53% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)3.47
Revenue Forecast (FY)$48.00M
Espey Mfg & Electronics Business Overview & Revenue Model
Company Description
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 inter...
How the Company Makes Money
ESP makes money primarily by selling engineered power and electronic products and by providing contract manufacturing services. Key revenue streams include: (1) Product sales of custom and ruggedized power solutions—such as power supplies, frequen...
Espey Mfg & Electronics Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.25M | 43.95M | 38.74M | 35.59M | 32.10M | 27.73M |
| Gross Profit | 15.43M | 12.68M | 10.65M | 8.05M | 5.47M | 3.36M |
| EBITDA | 11.25M | 8.58M | 6.99M | 4.78M | 2.02M | 93.67K |
| Net Income | 10.77M | 8.14M | 5.82M | 3.68M | 1.27M | -181.54K |
Balance Sheet | ||||||
| Total Assets | 96.00M | 79.12M | 56.54M | 47.50M | 39.90M | 37.98M |
| Cash, Cash Equivalents and Short-Term Investments | 46.66M | 43.58M | 23.23M | 14.71M | 11.81M | 9.89M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 39.59M | 28.27M | 15.27M | 11.62M | 7.80M | 7.65M |
| Stockholders Equity | 56.42M | 50.85M | 41.27M | 35.88M | 32.10M | 30.33M |
Cash Flow | ||||||
| Free Cash Flow | 4.41M | 16.63M | 5.43M | 3.39M | 1.92M | 551.44K |
| Operating Cash Flow | 9.07M | 20.99M | 10.60M | 3.90M | 2.22M | 595.00K |
| Investing Cash Flow | -223.07K | -6.94M | -7.84M | -8.77M | -918.34K | 2.01M |
| Financing Cash Flow | -1.55M | 458.27K | -1.15M | -489.27K | 0.00 | -1.20M |
Espey Mfg & Electronics Technical Analysis
Neutral
58.28
Price Trends
62.78
Negative
57.99
Positive
49.64
Positive
Market Momentum
0.36
Positive
35.81
Neutral
13.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ESP, the sentiment is Neutral. The current price of 58.28 is below the 20-day moving average (MA) of 69.15, below the 50-day MA of 62.78, and above the 200-day MA of 49.64, indicating a neutral trend. The MACD of 0.36 indicates Positive momentum. The RSI at 35.81 is Neutral, neither overbought nor oversold. The STOCH value of 13.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ESP.
Espey Mfg & Electronics Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $180.32M | 13.48 | 20.38% | 3.00% | -8.09% | 42.56% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $183.95M | -523.92 | 0.77% | ― | 13.82% | ― | |
61 Neutral | $101.61M | -60.20 | -6.14% | ― | 8.42% | -254.85% | |
55 Neutral | $70.14M | -2.17 | -94.91% | ― | 33.32% | 1.39% | |
44 Neutral | $23.32M | -793.40 | 1227.16% | ― | 6.76% | 56.18% | |
42 Neutral | $21.36M | -1.80 | -737.52% | ― | -19.55% | 31.32% |
* Industrials Sector Average
ESP
Espey Mfg & Electronics
60.28
26.03
76.01%
RFIL
RF Industries
16.36
12.06
280.47%
ULBI
Ultralife
6.00
0.61
11.32%
IPWR
Ideal Power
6.03
0.94
18.47%
FLUX
Flux Power Holdings
0.97
-0.83
-46.17%
DFLI
Dragonfly Energy Holdings Corp
1.79
-1.96
-52.27%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.