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Espey Mfg & Electronics Corp (ESP)


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Upturn Advisory Summary
10/15/2025: ESP (3-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 124.08% | Avg. Invested days 51 | 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 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 manufacturing basic electronic components to providing sophisticated power supplies, transformers, and related products for military and industrial applications. Significant milestones include adapting to changing technology and focusing on high-reliability solutions.
Core Business Areas
- Power Supplies & Transformers: Design, manufacture, and testing of power supplies (AC-DC, DC-DC, AC-AC, DC-AC), power transformers, filters, and related magnetics for military, aerospace, and industrial customers.
- Electronic Components & Subsystems: Production of various electronic components and subsystems used in power conversion and distribution systems.
- Testing & Engineering Services: Provides testing and engineering services related to power and electronic systems.
Leadership and Structure
The company is led by its executive management team, including the CEO and CFO. The organizational structure is functional, with departments responsible for engineering, manufacturing, sales, and finance.
Top Products and Market Share
Key Offerings
- High-Power Rectifiers: High-reliability rectifiers for military and industrial applications. Market share data is not publicly available. Competitors include Semtech (SMTC) and Microchip Technology (MCHP).
- Custom Power Supplies: Custom-designed power supplies meeting specific customer requirements. Market share data is not publicly available. Competitors include TDK Lambda and Artesyn Embedded Technologies (part of Advanced Energy Industries, AEIS).
- Power Transformers: Ruggedized power transformers used in harsh environments. Market share data is not publicly available. Competitors include Triad Magnetics.
Market Dynamics
Industry Overview
The industry is characterized by increasing demand for reliable power solutions in military, aerospace, and industrial sectors. Key trends include miniaturization, efficiency, and compliance with stringent regulations.
Positioning
Espey is positioned as a provider of high-reliability, custom-engineered power solutions for demanding applications. Its competitive advantage lies in its ability to meet specific customer requirements and deliver products with high quality and reliability.
Total Addressable Market (TAM)
The global power supply market is estimated to be hundreds of billions of dollars. Espey is positioned to capture a portion of this TAM by focusing on specialized segments with high reliability requirements.
Upturn SWOT Analysis
Strengths
- High-reliability products
- Custom engineering capabilities
- Long-standing customer relationships
- Strong presence in the military and aerospace sectors
Weaknesses
- Relatively small size
- Limited marketing resources
- Concentration of revenue in a few key customers
- Dependence on government contracts
Opportunities
- Growing demand for power solutions in electric vehicles and renewable energy
- Expansion into new geographic markets
- Development of new products and technologies
- Increase in defense spending
Threats
- Competition from larger companies
- Fluctuations in government spending
- Technological obsolescence
- Economic downturns
Competitors and Market Share
Key Competitors
- AEIS
- POWL
- SMTC
Competitive Landscape
Espey's main advantages are its high-reliability products and custom engineering capabilities. Disadvantages include smaller size and limited marketing resources compared to competitors.
Growth Trajectory and Initiatives
Historical Growth: Espey has experienced moderate growth in revenue and earnings over the past several years, driven by demand in its core markets.
Future Projections: Future growth is expected to be driven by increased defense spending, new product development, and expansion into new markets. Analyst estimates are not readily available, but general estimates would imply a 5% to 10% CAGR over the next 3-5 years.
Recent Initiatives: Recent strategic initiatives include investing in new equipment and technologies and expanding its engineering capabilities.
Summary
Espey Mfg & Electronics Corp demonstrates a solid position in high-reliability power solutions, particularly in the defense and aerospace sectors. Its financial performance has been steady, marked by revenue and earnings growth. The company's small size and reliance on government contracts pose potential challenges. Future opportunities lie in expanding into new markets and technological innovation and the renewable energy sector.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Website
- Third-party Financial Data Providers
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Market share data are estimates and may not be precise.
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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