Electrovaya Inc. (ELVA) vs Espey Mfg. & Electronics Corp. (ESP)

Electrovaya Inc. and Espey Mfg. & Electronics Corp. are both Electrical Equipment & Parts companies. Electrovaya Inc. is the larger, with a market value of $268.0M against $171.0M — 1.6× the size. Espey Mfg. & Electronics Corp. trades at the lower P/E: 13.8× against 47.8×. Electrovaya Inc. grew revenue faster over the last twelve months: 30.9% against 4.95%. Espey Mfg. & Electronics Corp. has the higher net margin (24.2% vs 6.14%) and the higher return on invested capital (47.9% vs 4.60%). Across the 21 metrics below, Espey Mfg. & Electronics Corp. leads on 16 and Electrovaya Inc. on 5.

Valuation

Metric ELVA ESP Electrical Equipment & Parts median
P/E 47.79 13.79 31.20
P/S 3.51 3.34 2.28
P/B 3.75 2.54 3.19
Price to free cash flow n/m 59.52 27.15
EV/EBITDA 32.70 8.96 15.80
EV/Sales 3.87 2.35 2.38
Earnings yield 2.09% 7.25% (5.87%)
Free cash flow yield (6.20%) 1.68% 0.00%

Profitability

Metric ELVA ESP Electrical Equipment & Parts median
Gross margin 33.00% 35.30% 25.38%
Operating margin 9.35% 25.14% 0.00%
Net margin 6.14% 24.24% 0.00%
Free cash flow margin (21.76%) 5.61% 0.00%
Return on equity 9.85% 20.07% 0.14%
Return on assets 5.12% 12.68% (1.50%)
Return on invested capital 4.60% 47.90% 0.00%

Growth

Metric ELVA ESP Electrical Equipment & Parts median
Revenue growth (TTM) 30.88% 4.95% 7.92%
EPS growth (last fiscal year) 300.00% 28.81% 27.37%
Revenue growth, 5-year CAGR 34.45% 10.71% 9.92%
Net income growth, 5-year CAGR 24.77% 0.00% 0.00%

Health

Metric ELVA ESP Electrical Equipment & Parts median
Debt to equity 0.60 0.00 0.16
Current ratio 7.53 2.50 2.31
Net debt to EBITDA 2.17 (3.75) 0.26

Dividend

Metric ELVA ESP Electrical Equipment & Parts median
Dividend yield — 1.80% 0.48%
Payout ratio — 0.26 0.10

Size

Metric ELVA ESP Electrical Equipment & Parts median
Market cap 268.00m 171.04m 157.22m

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