ESP
Espey Mfg. & Electronics Corp.
ESP's fundamentals are strong and it looks cheap: trading at 12x earnings, below its usual 17x. Analysts expect earnings to hold roughly steady.
ESP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Strong |
ESP's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
ESP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $46.70 | -2.5% |
| Current | 12x | $47.90 | — |
| Forward | 13x | $47.90 | — |
| Fair | 17x | $65.75 | +37% |
| Expensive | 33x | $127 | +165% |
Historical ranges are pointers, not guarantees.
ESP's PE is in its cheap range at 12x. On analysts' estimates for next year's earnings, today's price would be 13x.
ESP Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Stable | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect ESP's profitability to improve, with its earnings and revenue holding steady.
ESP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.61 | -7.2% |
| Q2 2026 | $3.89 | +30% |
| Q1 2026 | $3.79 | +41% |
| Q4 2025 | $3.43 | +40% |
| Q3 2025 | $3.15 | +28% |
| Q2 2025 | $3.00 | +31% |
| Q1 2025 | $2.68 | +40% |
| Q4 2024 | $2.45 | +31% |
| Q3 2024 | $2.46 | +52% |
ESP's earnings per share have climbed steadily: $3.89 over the past year, up 30% from the year before, and higher year over year for 18 quarters in a row.
ESP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $13.5M | +40% |
| Q1 2026 | $11.4M | +11% |
| Q4 2025 | $12.1M | -11% |
| Q3 2025 | $9.1M | -13% |
| Q2 2025 | $9.6M | -17% |
| Q1 2025 | $10.3M | +25% |
| Q4 2024 | $13.6M | +32% |
| Q3 2024 | $10.4M | +22% |
ESP's revenue is growing: $13M last quarter, up 40% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 26% | -1.6 points |
| Q1 2026 | 26% | +9.1 points |
| Q4 2025 | 25% | +10 points |
| Q3 2025 | 23% | +6.3 points |
| Q2 2025 | 27% | +9.1 points |
| Q1 2025 | 17% | +3.8 points |
| Q4 2024 | 15% | -5.4 points |
| Q3 2024 | 16% | +2.2 points |
ESP's operating margin was 26% last quarter, down 1.6 points from the same quarter a year ago.
ESP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$914.5K | -200% |
| Q1 2026 | $3.2M | -70% |
| Q4 2025 | -$4.1M | -192% |
| Q3 2025 | $4.4M | +511% |
| Q2 2025 | $915.3K | -65% |
| Q1 2025 | $10.5M | +2667% |
| Q4 2024 | $4.5M | +116% |
| Q3 2024 | $724.8K | +88% |
ESP usually generates cash, though not every quarter: the latest was −$914,460, but it generated $3M over the past year.
ESP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -14.5K shares |
| 1 year | +6.5% | +175K shares |
| 3 years | +16% | +400K shares |
| 5 years | +19% | +465K shares |
| Available history | +20% | +475K shares |
ESP has 3M diluted shares, up 6.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | $39,658 |
| Q3 2019 | $8,291 |
ESP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | -1.9x | Net Cash |
| Q4 2025 | -1.8x | Net Cash |
| Q3 2025 | -2.5x | Net Cash |
| Q2 2025 | -2.2x | Net Cash |
| Q1 2025 | -1.7x | Net Cash |
| Q4 2024 | -1.1x | Net Cash |
| Q3 2024 | -0.6x | Net Cash |
ESP has more cash than debt.
ESP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.7 | Neutral |
| Stochastic | 11.1 | Oversold |
ESP's weekly RSI is 36 (neutral) and its Stochastic is 11 (oversold).
ESP PE vs Industrials Sector
| Metric | ESP | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 24x | 49% below |
| PE % | 20 | 58 | 38 pts below |
ESP is trading at 12x earnings, a 49% discount to the Industrials sector's median of 24x.
ESP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $55.5 | 14% below |
| 20 week MA | $59.4 | 19% below |
| 50 week MA | $57.8 | 17% below |
| 100 week MA | $47.2 | 1.5% above |
| 200 week MA | $34.1 | 40% above |
ESP has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 40% above its 200-week average.
ESP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.5 | $19.7 | -8.5% |
| 2021 | $19.7 | $13.1 | -34% |
| 2022 | $13.1 | $14.0 | +7.2% |
| 2023 | $14.0 | $18.7 | +33% |
| 2024 | $18.7 | $30.8 | +65% |
| 2025 | $30.8 | $45.4 | +47% |
| 2026 YTD | $45.4 | $47.9 | +5.6% |
ESP has finished higher in four of the last six years. It's up 5.6% so far in 2026.