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Espey Mfg & Electronics Corp (ESP)



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Upturn Advisory Summary
04/01/2025: ESP (3-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 105.53% | Avg. Invested days 52 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 82.75M USD | Price to earnings Ratio 12.05 | 1Y Target Price 25 |
Price to earnings Ratio 12.05 | 1Y Target Price 25 | ||
Volume (30-day avg) 11536 | Beta 0.16 | 52 Weeks Range 19.47 - 32.40 | Updated Date 02/22/2025 |
52 Weeks Range 19.47 - 32.40 | Updated Date 02/22/2025 | ||
Dividends yield (FY) 2.57% | Basic EPS (TTM) 2.46 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 15.01% | Operating Margin (TTM) 18.36% |
Management Effectiveness
Return on Assets (TTM) 7.86% | Return on Equity (TTM) 15.07% |
Valuation
Trailing PE 12.05 | Forward PE - | Enterprise Value 48003513 | Price to Sales(TTM) 1.74 |
Enterprise Value 48003513 | Price to Sales(TTM) 1.74 | ||
Enterprise Value to Revenue 1.09 | Enterprise Value to EBITDA 6.48 | Shares Outstanding 2791000 | Shares Floating 1659476 |
Shares Outstanding 2791000 | Shares Floating 1659476 | ||
Percent Insiders 34.26 | Percent Institutions 18.01 |
Analyst Ratings
Rating - | Target Price 25 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Espey Mfg & Electronics Corp
Company Overview
History and Background
Espey Mfg. & Electronics Corp. was founded in 1928. It designs, develops, manufactures, and tests power supplies, power converters, filters, transformers, and magnetic components. The company has evolved from a radio component manufacturer to a provider of power solutions for military and industrial applications.
Core Business Areas
- Power Supplies and Converters: Designs and manufactures custom and standard power supplies and converters for military and industrial applications.
- Filters, Transformers, and Magnetic Components: Produces filters, transformers, and other magnetic components used in power systems.
- Testing Services: Offers testing services to ensure products meet required specifications.
Leadership and Structure
The leadership team consists of Mark St. Hilaire (CEO), David O'Brien (CFO). The organizational structure is typical for a small manufacturing company, with departments for engineering, manufacturing, sales, and administration.
Top Products and Market Share
Key Offerings
- Power Supplies for Military Applications: High-reliability power supplies used in defense systems. Espey competes with companies like Behlman Electronics and VPT, Inc. Market share data is not publicly available but estimated to be small. Revenue from this segment is a significant portion of their overall sales, but exact numbers are not disclosed.
- Custom Transformers: Custom-designed transformers for various industrial applications. Competitors include companies like Agile Magnetics and Triad Magnetics. Market share data is unavailable.
Market Dynamics
Industry Overview
The power supply and magnetic components industry is driven by demand from military, industrial, and aerospace sectors. Trends include increasing demand for efficiency, miniaturization, and ruggedization.
Positioning
Espey is positioned as a provider of high-reliability, custom power solutions for niche markets. Competitive advantages include its engineering expertise and focus on quality.
Total Addressable Market (TAM)
The total addressable market is estimated to be in the billions of dollars annually. Espey's TAM is a fraction of that, likely less than $100 million, as they focus on specialized, high-reliability applications.
Upturn SWOT Analysis
Strengths
- Strong engineering expertise
- Focus on high-reliability products
- Long-standing relationships with key customers
- Custom design capabilities
Weaknesses
- Small size and limited resources
- Dependence on a few key customers
- Limited marketing and sales presence
- Lack of product diversification
Opportunities
- Growing demand for ruggedized power solutions
- Expansion into new military and industrial markets
- Strategic partnerships with larger companies
- Increased outsourcing of power supply design and manufacturing
Threats
- Competition from larger power supply manufacturers
- Economic downturns affecting military and industrial spending
- Technological changes rendering existing products obsolete
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- BEHL
- VPT
- TDKYY
Competitive Landscape
Espey competes with larger companies in the power supply market. Espey's competitive advantage is its focus on high-reliability, custom solutions, but it faces challenges from larger competitors with greater resources.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Espey's historical growth has been modest, driven by demand from the military and industrial sectors.
Future Projections: Future growth projections are dependent on their success in securing new contracts and expanding into new markets. Analyst estimates are not readily available.
Recent Initiatives: Recent initiatives typically involve developing new power supply solutions and expanding their customer base.
Summary
Espey Mfg. & Electronics Corp. is a small, specialized manufacturer of power supplies for the military and industrial sectors. The company has a strong reputation for quality and reliability, but faces challenges from larger competitors and a dependence on a few key customers. Growth prospects depend on its ability to win new contracts and expand into new markets. While established, the company needs to seek out new sources of revenue to prevent stagnant growth, but should avoid taking on too much debt in order to do so.
Similar Companies
- BEHL
- SMCI
- POWI
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share data is estimated.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Espey Mfg & Electronics Corp
Exchange NYSE MKT | Headquaters Saratoga Springs, NY, United States | ||
IPO Launch date 1992-03-17 | President, CEO & Director Mr. David A. O'Neil CPA | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees 148 | Website https://www.espey.com |
Full time employees 148 | Website https://www.espey.com |
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. Its principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, and antennas for use in AC and DC locomotives, shipboard power and radar, airborne power, ground-based radar, and ground mobile power applications. The company also provides various services, such as design and development to specification, build to print, design services, design studies, environmental testing services, metal fabrication, and painting services, as well as development of automatic testing equipment. In addition, it produces individual components, which include inductors, as well as paints, wires, qualifies, and test items; populates printed circuit boards; and fabricates metalwork. The company serves industrial manufacturers and defense companies, the government of the United States, foreign governments, and foreign electronic equipment companies through its direct sales organization and outside sales representatives. It also exports its products. Espey Mfg. & Electronics Corp. was incorporated in 1928 and is based in Saratoga Springs, New York.
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