ESPEY MFG & ELECTRONICS CORP (ESP)
US2966501049 - Common Stock
We assign a fundamental rating of 6 out of 10 to ESP. ESP was compared to 87 industry peers in the Electrical Equipment industry. ESP gets an excellent profitability rating and is at the same time showing great financial health properties. ESP is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year ESP was profitable.
ESP had a positive operating cash flow in the past year.
ESP had positive earnings in 4 of the past 5 years.
ESP had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 9.24%, ESP belongs to the best of the industry, outperforming 88.24% of the companies in the same industry.
ESP has a better Return On Equity (12.17%) than 80.00% of its industry peers.
With an excellent Return On Invested Capital value of 10.83%, ESP belongs to the best of the industry, outperforming 83.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.24% | ||
| ROE | 12.17% | ||
| ROIC | 10.83% |
ROA(3y)3.48%
ROA(5y)4.01%
ROE(3y)4.53%
ROE(5y)4.93%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
ESP has a Profit Margin of 12.57%. This is amongst the best in the industry. ESP outperforms 87.06% of its industry peers.
ESP's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 14.20%, ESP belongs to the top of the industry, outperforming 84.71% of the companies in the same industry.
ESP's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 25.30%, ESP perfoms like the industry average, outperforming 56.47% of the companies in the same industry.
ESP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.2% | ||
| PM (TTM) | 12.57% | ||
| GM | 25.3% |
OM growth 3Y48.11%
OM growth 5Y0.38%
PM growth 3Y40.93%
PM growth 5Y1.78%
GM growth 3Y8.66%
GM growth 5Y-0.81%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ESP is creating some value.
ESP has about the same amout of shares outstanding than it did 1 year ago.
ESP has more shares outstanding than it did 5 years ago.
There is no outstanding debt for ESP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
ESP has an Altman-Z score of 5.46. This indicates that ESP is financially healthy and has little risk of bankruptcy at the moment.
ESP has a better Altman-Z score (5.46) than 91.76% of its industry peers.
There is no outstanding debt for ESP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 5.46 |
ROIC/WACC1.06
WACC10.21%
2.3 Liquidity
ESP has a Current Ratio of 3.73. This indicates that ESP is financially healthy and has no problem in meeting its short term obligations.
ESP has a better Current ratio (3.73) than 82.35% of its industry peers.
A Quick Ratio of 2.26 indicates that ESP has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 2.26, ESP belongs to the best of the industry, outperforming 81.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.73 | ||
| Quick Ratio | 2.26 |
3. Growth
3.1 Past
ESP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 60.00%, which is quite impressive.
ESP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.56% yearly.
Looking at the last year, ESP shows a small growth in Revenue. The Revenue has grown by 7.19% in the last year.
Measured over the past years, ESP shows a small growth in Revenue. The Revenue has been growing by 1.82% on average per year.
EPS 1Y (TTM)60%
EPS 3Y45.26%
EPS 5Y2.56%
EPS growth Q2Q53.7%
Revenue 1Y (TTM)7.19%
Revenue growth 3Y4.13%
Revenue growth 5Y1.82%
Revenue growth Q2Q17.02%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.67 indicates a reasonable valuation of ESP.
Based on the Price/Earnings ratio, ESP is valued cheaply inside the industry as 89.41% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 24.95, ESP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.67 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ESP is valued cheaply inside the industry as 96.47% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ESP indicates a somewhat cheap valuation: ESP is cheaper than 70.59% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 46.28 | ||
| EV/EBITDA | 4.85 |
4.3 Compensation for Growth
ESP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)4.57
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.64%, ESP has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.51, ESP pays a better dividend. On top of this ESP pays more dividend than 95.29% of the companies listed in the same industry.
ESP's Dividend Yield is comparable with the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.64% |
5.2 History
The dividend of ESP decreases each year by -28.65%.
ESP has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-28.65%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
ESP pays out 26.46% of its income as dividend. This is a sustainable payout ratio.
DP26.46%
EPS Next 2YN/A
EPS Next 3YN/A
ESPEY MFG & ELECTRONICS CORP
NYSEARCA:ESP (4/22/2024, 7:04:00 PM)
21.82
+0.01 (+0.05%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap59.13M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.64% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.67 | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)4.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.24% | ||
| ROE | 12.17% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.2% | ||
| PM (TTM) | 12.57% | ||
| GM | 25.3% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.73 | ||
| Quick Ratio | 2.26 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)60%
EPS 3Y45.26%
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.19%
Revenue growth 3Y4.13%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y