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Espey Mfg & Electronics
(ESP)
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Rating:80Outperform
Price Target:
$60.00
▼(-3.37% Downside)
Action:Reiterated
Date:09/24/26
The score is driven primarily by strong financial performance (notably improved margins and a debt-free balance sheet), partially tempered by weaker 2026 cash flow conversion versus earnings. Technicals are modestly supportive with price above key moving averages and neutral momentum, while valuation and the added special dividend provide additional support.
Positive Factors
Revenue and Margin Expansion
Consistent revenue growth alongside substantial gross- and net-margin expansion indicates stronger earnings power and improved economics. If these gains remain durable, Espey can fund reinvestment internally, strengthen resilience, and generate more profit from each dollar of future sales.
Negative Factors
Weak 2026 Cash Conversion
The sharp 2026 decline in operating and free cash flow shows that strong reported earnings did not translate efficiently into cash. Persistent weak conversion could constrain reinvestment and shareholder distributions, while increasing the importance of working-capital and investment discipline.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Expansion
Consistent revenue growth alongside substantial gross- and net-margin expansion indicates stronger earnings power and improved economics. If these gains remain durable, Espey can fund reinvestment internally, strengthen resilience, and generate more profit from each dollar of future sales.
Read all positive factors
Espey Mfg & Electronics (ESP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$157.98M
Dividend Yield3.36%
Average Volume (3M)39.19K
Price to Earnings (P/E)12.9
Beta (1Y)0.98
Revenue Growth4.95%
EPS Growth28.35%
CountryUS
Employees144
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)4.04
Shares Outstanding3,036,872
10 Day Avg. Volume28,964
30 Day Avg. Volume39,187
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)3.08
Price to Sales (P/S)4.05
P/FCF Ratio72.27
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue3.16
Enterprise Value/Gross Profit8.95
Enterprise Value/Ebitda10.84
Forecast
1Y Price Target
$70.00Price Target Upside12.74% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)3.71
Revenue Forecast (FY)$52.70M
Espey Mfg & Electronics Business Overview & Revenue Model
Company Description
Espey Mfg. & Electronics Corp. manufactures and sells electronic equipment primarily for military and industrial applications in the United States and internationally. Its principal products include power supplies, power converters, filters, power...
Espey Mfg & Electronics Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
63
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 46.12M | 43.95M | 38.74M | 35.59M | 32.10M |
| Gross Profit | 16.28M | 12.68M | 10.65M | 8.05M | 5.47M |
| EBITDA | 12.11M | 10.18M | 7.75M | 5.19M | 2.09M |
| Net Income | 11.18M | 8.14M | 5.82M | 3.68M | 1.27M |
Balance Sheet | |||||
| Total Assets | 97.15M | 79.12M | 56.54M | 47.50M | 39.90M |
| Cash, Cash Equivalents and Short-Term Investments | 45.44M | 43.58M | 23.23M | 14.71M | 11.81M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 36.58M | 28.27M | 15.27M | 11.62M | 7.80M |
| Stockholders Equity | 60.57M | 50.85M | 41.27M | 35.88M | 32.10M |
Cash Flow | |||||
| Free Cash Flow | 2.58M | 16.63M | 5.43M | 3.39M | 1.92M |
| Operating Cash Flow | 5.69M | 20.99M | 10.60M | 3.90M | 2.22M |
| Investing Cash Flow | -2.36M | -6.94M | -7.84M | -8.77M | -918.34K |
| Financing Cash Flow | -2.75M | 458.27K | -1.15M | -489.27K | 0.00 |
Espey Mfg & Electronics Technical Analysis
Negative
62.09
Price Trends
60.83
Negative
60.27
Negative
59.14
Negative
Market Momentum
-2.65
Positive
32.92
Neutral
22.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ESP, the sentiment is Negative. The current price of 62.09 is above the 20-day moving average (MA) of 57.96, above the 50-day MA of 60.83, and above the 200-day MA of 59.14, indicating a bearish trend. The MACD of -2.65 indicates Positive momentum. The RSI at 32.92 is Neutral, neither overbought nor oversold. The STOCH value of 22.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $157.98M | 12.88 | 20.22% | 3.36% | 4.95% | 28.35% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $74.85M | 31.01 | 6.69% | 2.03% | 13.04% | ― | |
57 Neutral | $101.15M | -15.16 | -4.95% | ― | 4.69% | -304.68% | |
44 Neutral | $44.87M | -2.58 | -60.76% | ― | 57.22% | 13.79% | |
43 Neutral | $8.84M | -1.06 | -261.63% | ― | -36.58% | 5.31% | |
43 Neutral | $4.49M | -0.02 | -1565.55% | ― | -4.85% | 53.62% |
* Industrials Sector Average
ESP
Espey Mfg & Electronics
53.04
15.50
41.28%
RFIL
RF Industries
7.16
-0.78
-9.82%
ULBI
Ultralife
6.01
-0.75
-11.09%
IPWR
Ideal Power
2.78
-2.81
-50.27%
FLUX
Flux Power Holdings
0.41
-5.15
-92.63%
DFLI
Dragonfly Energy Holdings Corp
2.29
-93.71
-97.61%
Espey Mfg & Electronics Corporate Events
Business Operations and StrategyExecutive/Board ChangesDividends
Espey Mfg & Electronics Declares Special Cash Dividend
Positive
Sep 8, 2026
On September 8, 2026, Espey Mfg. Electronics Corp. announced that its Board of Directors had declared a special cash dividend of $0.75 per share, in addition to a regular quarterly dividend of $0.25 per share. The dividends are scheduled to be pa...
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.