(ESP) Espey Mfg & Electronics - Overview
Stock: Power Supplies, Transformers, Filters, Antennas, Converters
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.30% |
| Yield on Cost 5y | 9.78% |
| Yield CAGR 5y | 87.08% |
| Payout Consistency | 77.3% |
| Payout Ratio | 71.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 45.5% |
| Relative Tail Risk | -13.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.68 |
| Alpha | 95.07 |
| Character TTM | |
|---|---|
| Beta | 0.503 |
| Beta Downside | 0.127 |
| Drawdowns 3y | |
|---|---|
| Max DD | 33.59% |
| CAGR/Max DD | 1.72 |
Description: ESP Espey Mfg & Electronics January 18, 2026
Espey Manufacturing & Electronics Corp. (NYSE MKT: ESP) designs, builds, and sells a broad portfolio of electronic hardware-power supplies, converters, transformers, UPS systems, antennas, and related magnetic components-targeting U.S. and international military and industrial customers. In addition to finished equipment, the firm offers design-to-print services, environmental testing, metal fabrication, and custom PCB assembly, positioning itself as a one-stop supplier for defense-grade power and communications solutions.
Key quantitative signals (as of FY 2023) include roughly $140 million in annual revenue, an operating margin near 8 %, and a backlog of $45 million that reflects multi-year contracts with the U.S. Department of Defense and allied governments. The sector is driven by rising defense budgets-U.S. defense spending is projected to grow at ~3 % CAGR through 2028-and by the broader industrial push toward electrification, which fuels demand for high-reliability power conversion equipment. However, ESP’s thin margin profile and reliance on a limited number of large government contracts introduce concentration risk that should be monitored.
For a deeper quantitative look, the ValueRay platform provides a granular breakdown of ESP’s valuation metrics and scenario analysis.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 8.71m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.24 > 0.02 and ΔFCF/TA 13.95 > 1.0 |
| NWC/Revenue: 110.0% < 20% (prev 95.13%; Δ 14.88% < -1%) |
| CFO/TA 0.30 > 3% & CFO 25.3m > Net Income 8.71m |
| Net Debt (-22.2m) to EBITDA (9.76m): -2.28 < 3 |
| Current Ratio: 2.38 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.85m) vs 12m ago 9.42% < -2% |
| Gross Margin: 30.75% > 18% (prev 0.28%; Δ 3048 % > 0.5%) |
| Asset Turnover: 59.80% > 50% (prev 70.46%; Δ -10.66% > 0%) |
| Interest Coverage Ratio: -9.42 > 6 (EBITDA TTM 9.76m / Interest Expense TTM -987.3k) |
Altman Z'' 6.68
| A: 0.55 (Total Current Assets 80.7m - Total Current Liabilities 33.9m) / Total Assets 84.8m |
| B: 0.37 (Retained Earnings 31.0m / Total Assets 84.8m) |
| C: 0.13 (EBIT TTM 9.30m / Avg Total Assets 71.2m) |
| D: 0.95 (Book Value of Equity 32.0m / Total Liabilities 33.9m) |
| Altman-Z'' Score: 6.68 = AAA |
What is the price of ESP shares?
Over the past week, the price has changed by +5.84%, over one month by +24.44%, over three months by +52.15% and over the past year by +115.85%.
Is ESP a buy, sell or hold?
What are the forecasts/targets for the ESP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 61 | 7.3% |
| Analysts Target Price | 61 | 7.3% |
| ValueRay Target Price | 86.9 | 52.9% |
ESP Fundamental Data Overview February 09, 2026
P/S = 3.9182
P/B = 3.2743
Revenue TTM = 42.6m USD
EBIT TTM = 9.30m USD
EBITDA TTM = 9.76m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = -22.2m USD (from netDebt column, last quarter)
Enterprise Value = 144.7m USD (166.9m + (null Debt) - CCE 22.2m)
Interest Coverage Ratio = -9.42 (Ebit TTM 9.30m / Interest Expense TTM -987.3k)
EV/FCF = 7.12x (Enterprise Value 144.7m / FCF TTM 20.3m)
FCF Yield = 14.05% (FCF TTM 20.3m / Enterprise Value 144.7m)
FCF Margin = 47.72% (FCF TTM 20.3m / Revenue TTM 42.6m)
Net Margin = 20.46% (Net Income TTM 8.71m / Revenue TTM 42.6m)
Gross Margin = 30.75% ((Revenue TTM 42.6m - Cost of Revenue TTM 29.5m) / Revenue TTM)
Gross Margin QoQ = 35.38% (prev 39.30%)
Tobins Q-Ratio = 1.71 (Enterprise Value 144.7m / Total Assets 84.8m)
Interest Expense / Debt = unknown (Interest Expense 145.8k / Debt none)
Taxrate = 15.16% (387.7k / 2.56m)
NOPAT = 7.89m (EBIT 9.30m * (1 - 15.16%))
Current Ratio = 2.38 (Total Current Assets 80.7m / Total Current Liabilities 33.9m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = -2.28 (Net Debt -22.2m / EBITDA 9.76m)
Debt / FCF = -1.09 (Net Debt -22.2m / FCF TTM 20.3m)
Total Stockholder Equity = 48.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 12.23% (Net Income 8.71m / Total Assets 84.8m)
RoE = 18.06% (Net Income TTM 8.71m / Total Stockholder Equity 48.2m)
RoCE = 18.25% (EBIT 9.30m / Capital Employed (Total Assets 84.8m - Current Liab 33.9m))
RoIC = 16.36% (NOPAT 7.89m / Invested Capital 48.2m)
WACC = 7.77% (E(166.9m)/V(166.9m) * Re(7.77%) + (debt-free company))
Discount Rate = 7.77% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 6.70%
[DCF Debug] Terminal Value 82.01% ; FCFF base≈14.5m ; Y1≈17.9m ; Y5≈30.5m
Fair Price DCF = 191.6 (EV 540.1m - Net Debt -22.2m = Equity 562.3m / Shares 2.94m; r=7.77% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 37.14 | EPS CAGR: -41.39% | SUE: -1.34 | # QB: 0
Revenue Correlation: 60.97 | Revenue CAGR: 5.43% | SUE: N/A | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.69 | Chg30d=-0.050 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-06-30): EPS=3.02 | Chg30d=+0.030 | Revisions Net=+0 | Growth EPS=+0.0% | Growth Revenue=+0.0%
EPS next Year (2027-06-30): EPS=3.14 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=+4.0% | Growth Revenue=+4.9%