Espey Mfg. & Electronics Corp.

ESP

ESPEspey Mfg. & Electronics Corp. US flag

New York Stock Exchange American

55.75

USD

-2.10

- -

167.02MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	29	32	34	27	27	27	23	33	36	32	28	32	36	39	44
+ Sales & Services Revenue	29	32	34	27	27	27	23	33	36	32	28	32	36	39	44
- Cost of Revenue	21	23	24	23	20	20	18	25	29	26	24	27	28	28	31
+ Cost of Goods & Services	21	23	24	23	20	20	18	25	29	26	24	27	28	28	31
Gross Profit	8	9	11	5	7	7	5	8	7	6	3	5	8	11	13
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	3	3	3	3	3	3	3	4	4	4	4	4	4	4	5
+ Selling, General & Admin	3	3	3	3	3	3	3	4	4	4	4	4	4	4	5
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	5	6	8	1	4	4	2	4	3	1	- -	2	4	7	8
- Non-Operating (Income) Loss	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-2
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Income	5	6	8	1	4	4	2	4	3	1	- -	2	5	7	10
- Income Tax Expense (Benefit)	2	2	2	- -	1	1	1	1	1	- -	- -	- -	1	1	2
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	4	4	6	1	3	3	1	3	2	1	- -	1	4	6	8
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	4	4	6	1	3	3	1	3	2	1	- -	1	4	6	8
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	4	4	6	1	3	3	1	3	2	1	- -	1	4	6	8
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	4	4	6	1	3	3	1	3	2	1	- -	1	4	6	8
EBIT	5	6	8	1	4	4	2	4	3	1	- -	2	4	7	8
EBITDA	6	6	8	2	5	5	2	4	3	2	- -	2	5	7	9
EBITDA Margin (%)	19.55	20.03	23.91	6.52	18.17	17.39	8.71	13.17	8.76	5.52	0.34	6.3	13.44	18.05	19.52
EBITA	5	6	8	1	4	4	2	4	3	1	- -	2	4	7	8
Gross Margin (%)	27.82	27.53	31.2	16.7	26.62	26.83	20.93	23.56	19.36	17.63	12.11	17.04	22.62	27.5	28.86
Operating Margin (%)	17.97	18.7	22.69	4.85	16.51	15.81	6.78	11.85	7.27	3.72	-1.54	4.76	12.08	16.88	18.49
Profit Margin (%)	13.08	13.7	16.22	4.3	11.86	11.56	5.04	9.46	6.42	3.69	-0.65	3.94	10.33	15.01	18.53
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.9	1.89	1.97	2	0.75	1.25	1	1	2	1	0.5	- -	0.2	0.67	1
Depreciation Expense	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	- -	- -	- -	- -
Basic Weighted Avg Shares	2	2	2	2	2	2	2	2	2	2	2	2	2	2	3
Basic EPS, GAAP	1.79	2.02	2.52	0.52	1.4	1.39	0.49	1.32	0.99	0.49	-0.08	0.52	1.5	2.34	3.14
Basic EPS from Cont Ops	1.79	2.02	2.52	0.52	1.4	1.39	0.49	1.32	0.99	0.49	-0.08	0.52	1.5	2.34	3.14
Diluted Weighted Avg Shares	2	2	2	2	2	2	2	2	2	2	2	2	2	3	3
Diluted EPS, GAAP	1.77	1.99	2.48	0.51	1.39	1.38	0.49	1.31	0.98	0.49	-0.08	0.52	1.49	2.29	3.02
Diluted EPS from Cont Ops	1.77	1.99	2.48	0.51	1.39	1.38	0.49	1.31	0.98	0.49	-0.08	0.52	1.49	2.29	3.02

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	29	30	33	30	32	32	33	33	32	35	35	37	45	53	75
+ Cash, Cash Equivalents & STI	12	15	14	14	13	16	19	16	7	11	10	12	15	23	44
+ Cash & Cash Equivalents	10	12	10	10	9	10	10	4	1	5	7	8	3	4	19
+ ST Investments	2	3	4	5	4	6	9	12	6	5	3	4	12	19	25
+ Accounts & Notes Receiv	6	3	7	4	7	5	4	5	11	9	6	6	6	7	8
+ Accounts Receivable, Net	6	3	7	3	7	5	3	4	11	9	5	6	6	7	8
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	11	12	11	11	12	11	10	11	13	15	19	19	20	19	18
+ Raw Materials	1	1	2	2	1	1	1	2	2	2	2	2	2	2	2
+ Work In Process	9	10	10	9	10	9	8	10	11	13	17	17	18	18	16
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	1	1	1	1	- -	1	1	- -	- -	1	1	4	4	6
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3	3	2	3	2	2	2	4	4	3	3	3	3	3	4
+ Property, Plant & Equip, Net	3	3	2	3	2	2	2	4	4	3	3	3	3	3	4
+ Property, Plant & Equip	12	12	12	13	13	13	14	15	16	16	16	16	16	17	18
- Accumulated Depreciation	9	9	10	10	10	11	11	12	12	12	13	13	14	14	14
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Assets	32	33	36	32	34	34	35	37	36	38	38	40	48	57	79
+ Payables & Accruals	2	3	3	2	3	2	3	3	3	4	4	4	3	6	5
+ Accounts Payable	1	1	1	1	1	1	2	2	2	3	3	2	1	4	3
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	1	1	1	2	1	1	1	1	1	2	2	2	2	2
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	1	1	1	- -	- -	- -	- -	2	3	3	8	9	23
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	3	3	8	9	23
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	3	3	4	2	3	2	3	3	3	7	7	8	11	15	28
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	3	3	4	3	3	2	4	3	4	7	8	8	12	15	28
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	16	16	17	17	18	18	19	19	20	20	24	24	24	25	27
+ Common Stock	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	15	15	16	16	17	17	18	18	19	19	23	23	23	24	26
- Treasury Stock	8	8	8	7	8	8	8	8	8	8	6	6	6	6	5
+ Retained Earnings	23	23	24	21	22	23	22	22	20	19	17	19	22	26	32
+ Other Equity	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	29	30	32	30	31	32	32	33	32	31	30	32	36	41	51
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	29	30	32	30	31	32	32	33	32	31	30	32	36	41	51
Total Liabilities & Equity	32	33	36	32	34	34	35	37	36	38	38	40	48	57	79
Shares Outstanding	2	2	2	2	2	2	2	2	2	2	2	2	2	3	3
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-10	-12	-10	-10	-9	-10	-10	-4	-1	-5	-7	-8	-3	-4	-19
Net Debt to Equity	-33.82	-38.97	-31.05	-32.24	-28.64	-30.97	-31.53	-12.84	-4.58	-17.3	-22.43	-25.25	-7.66	-10.54	-37.1
Tangible Common Equity Ratio	89.95	90.18	89.59	91.51	90.06	94.01	89.87	90.93	89.46	81.73	79.86	80.46	75.53	73	64.27
Current Ratio	9.91	10.08	9.45	12.04	9.99	17.25	9.84	9.96	9.14	5.15	4.68	4.87	3.89	3.49	2.66
Cash Conversion Cycle	230.53	207.97	213.27	230.71	257.96	265.57	246.4	170.53	206.48	279.41	310.08	285.82	292.88	279.67	236.51

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	4	4	6	1	3	3	1	3	2	1	- -	1	4	6	8
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	- -	- -	- -	- -
+ Non-Cash Items	1	- -	1	1	- -	1	1	1	1	- -	1	1	1	- -	1
+ Stock-Based Compensation	1	1	1	1	1	1	1	1	1	- -	- -	1	1	1	1
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -
+ Chg in Non-Cash Work Cap	- -	2	-3	3	-3	2	4	-4	-7	4	-1	- -	-1	5	12
+ (Inc) Dec in Accts Receiv	-1	3	-4	3	-3	1	2	-1	-7	2	3	- -	- -	-1	-1
+ (Inc) Dec in Inventories	- -	-1	- -	1	-1	1	1	- -	-2	-2	-5	- -	-1	1	1
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	-1	1	- -	- -	- -	-3	1	-2
+ Inc (Dec) in Accts Payable	- -	- -	1	-1	- -	-1	2	- -	- -	1	- -	- -	-1	3	-1
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	-1	- -	2	1	- -	5	1	14
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	5	7	3	5	1	6	6	- -	-4	6	1	2	4	11	21
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	- -	- -	-1	- -	- -	- -	-2	-1	- -	- -	- -	-1	-5	-4
+ Acq of Fixed Prod Assets	-1	- -	- -	-1	- -	- -	- -	-2	-1	- -	- -	- -	-1	-5	-4
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-3	-1	-1	-1	1	-1	-4	-2	6	1	2	-1	-8	-7	-6
+ Dec in LT Investment	- -	3	7	2	5	4	5	9	12	10	7	4	8	20	28
+ Inc in LT Investment	-3	-5	-7	-3	-4	-5	-9	-11	-6	-9	-5	-4	-16	-26	-34
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	5	-1	-1	-2	- -	-2	-4	-4	5	- -	2	-1	-9	-8	-7
+ Dividends Paid	-4	-4	-4	-4	-2	-3	-2	-2	-5	-2	-1	- -	- -	-2	-3
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-4	-4	-4	-4	-2	-3	-2	-2	-4	-2	-1	- -	- -	-1	- -
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	5	2	-2	- -	-1	1	- -	-6	-3	4	1	1	-5	2	15
EBITDA	6	6	8	2	5	5	2	4	3	2	- -	2	5	7	9
EBITDA Margin (%)	19.55	20.03	23.91	6.52	18.17	17.39	8.71	13.17	8.76	5.52	0.34	6.3	13.44	18.05	19.52
Free Cash Flow	4	7	3	5	- -	5	6	-2	-4	6	1	2	3	5	17
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	4	7	3	5	- -	5	6	-2	-4	6	- -	2	3	5	17
Free Cash Flow to Equity	4	7	3	5	- -	5	6	-2	-4	6	1	2	3	5	17
Free Cash Flow per Basic Share	2	3.28	1.34	2.08	0.18	2.4	2.62	-0.71	-1.78	2.4	0.23	0.79	1.38	2.18	6.42
Price/Free Cash Flow	9.73	7.6	15.97	9.42	63.51	9.91	7.7	28.85	-19.74	6.71	55.85	13.72	9.38	3.42	4.86
Cash Flow to Net Income	1.27	1.68	0.59	4.61	0.21	1.81	5.65	0.08	-1.54	5.13	-3.28	1.75	1.06	1.82	2.58
Capital Expenditures	-1	- -	- -	-1	- -	- -	- -	-2	-1	- -	- -	- -	-1	-5	-4