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Espey Mfg & Electronics Corp (ESP)



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Upturn Advisory Summary
09/12/2025: ESP (3-star) is a STRONG-BUY. BUY since 4 days. Simulated Profits (6.75%). Updated daily EoD!
Analysis of Past Performance
Type Stock | Historic Profit 160.5% | Avg. Invested days 50 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 130.87M USD | Price to earnings Ratio 17.25 | 1Y Target Price 25 |
Price to earnings Ratio 17.25 | 1Y Target Price 25 | ||
Volume (30-day avg) - | Beta 0.07 | 52 Weeks Range 19.81 - 48.71 | Updated Date 06/29/2025 |
52 Weeks Range 19.81 - 48.71 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 2.16% | Basic EPS (TTM) 2.68 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 15.46% | Operating Margin (TTM) 17% |
Management Effectiveness
Return on Assets (TTM) 7.57% | Return on Equity (TTM) 16.59% |
Valuation
Trailing PE 17.25 | Forward PE - | Enterprise Value 92372761 | Price to Sales(TTM) 2.85 |
Enterprise Value 92372761 | Price to Sales(TTM) 2.85 | ||
Enterprise Value to Revenue 2.01 | Enterprise Value to EBITDA 11.44 | Shares Outstanding 2831400 | Shares Floating 1882459 |
Shares Outstanding 2831400 | Shares Floating 1882459 | ||
Percent Insiders 25.3 | Percent Institutions 22.34 |
Upturn AI SWOT
Espey Mfg & Electronics Corp
Company Overview
History and Background
Espey Mfg. & Electronics Corp. was founded in 1928. It has evolved from a manufacturer of commercial transformers and reactors to a provider of specialized power supplies, filters, and related products for military and industrial applications.
Core Business Areas
- Power Supplies and Filters: Designs, develops, manufactures, and tests power supplies and filters for defense and industrial applications.
- Transformers and Reactors: Manufactures transformers and reactors for various applications, including military and industrial uses.
- Contract Manufacturing: Provides contract manufacturing services to other companies needing electronic and electromechanical assemblies.
Leadership and Structure
The leadership team consists of Mark St. Pierre (CEO) and Tina Sbrega (CFO). The company operates with a functional organizational structure, focusing on engineering, manufacturing, and sales.
Top Products and Market Share
Key Offerings
- Power Supplies for Military Applications: High-reliability power supplies used in military ground vehicles, aircraft, and naval systems. Market share is difficult to ascertain precisely but it competes with companies like Astronics Corporation. Revenue from this product is a significant portion of Espey's total revenue, typically over 70% of sales.
- Power Filters for Industrial Applications: Filters designed to improve the performance of electrical systems in industrial settings. Market share is difficult to pinpoint; competes with companies like Schaffner Holding AG.
Market Dynamics
Industry Overview
The market for specialized power supplies is driven by the defense, aerospace, and industrial sectors. Demand is influenced by government spending, technological advancements, and industrial automation trends.
Positioning
Espey is a niche player focused on high-reliability power solutions for demanding applications. Its competitive advantages include its engineering expertise, long-standing customer relationships, and certifications for military standards.
Total Addressable Market (TAM)
The TAM for specialized power supplies is estimated to be in the billions of dollars. Espey is well-positioned within a small portion of this market, particularly the high-reliability segment.
Upturn SWOT Analysis
Strengths
- Strong engineering capabilities
- Long-standing customer relationships
- Certifications for military standards
- Niche focus on high-reliability power solutions
Weaknesses
- Small size limits economies of scale
- Dependence on a few major customers
- Limited marketing resources
- Revenue is highly variable
Opportunities
- Growing demand for military electronics
- Increasing adoption of power electronics in industrial automation
- Expansion into new geographic markets
- Development of new product lines
Threats
- Competition from larger, more diversified companies
- Fluctuations in government spending
- Technological obsolescence
- Economic downturns
Competitors and Market Share
Key Competitors
- ASTR
- POWL
Competitive Landscape
Espey faces competition from larger, more diversified companies with greater resources. It focuses on niche markets with high-reliability requirements to differentiate itself.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been moderate, driven by government contracts and industrial orders.
Future Projections: Future growth is expected to be driven by increasing demand for military electronics and power solutions for industrial automation, however this is very uncertain.
Recent Initiatives: Recent initiatives include expanding its product offerings and investing in new technologies.
Summary
Espey Mfg & Electronics Corp is a niche player in the high-reliability power solutions market, primarily serving the military sector. While it benefits from strong engineering capabilities and established customer relationships, its small size and dependence on a few key clients present challenges. Future growth hinges on capturing opportunities in expanding markets and mitigating the risks associated with government spending fluctuations and technological advancements. The company could look into re-instating the dividend to attract investors
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Industry Reports
- Analyst Estimates
Disclaimers:
The data provided is based on available information and is subject to change. Market share data is estimated and may not be precise. This analysis is for informational purposes only and does not constitute financial advice.
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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