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 $319.5M against $192.1M — 1.7× the size. Espey Mfg. & Electronics Corp. trades at the lower P/E: 16.6× against 59.8×. Electrovaya Inc. grew revenue faster over the last twelve months: 30.9% against −8.09%. Espey Mfg. & Electronics Corp. has the higher net margin (25.5% vs 6.14%) and the higher return on invested capital (68.9% vs 4.60%). Across the 21 metrics below, Espey Mfg. & Electronics Corp. leads on 17 and Electrovaya Inc. on 4.

Valuation

Metric ELVA ESP Electrical Equipment & Parts median
P/E 59.85 16.62 36.10
P/S 4.40 4.33 2.73
P/B 4.70 3.24 3.57
Price to free cash flow n/m 41.41 33.31
EV/EBITDA 40.19 12.11 18.07
EV/Sales 4.76 3.23 2.75
Earnings yield 1.67% 6.02% (5.84%)
Free cash flow yield (4.95%) 2.41% 0.00%

Profitability

Metric ELVA ESP Electrical Equipment & Parts median
Gross margin 33.00% 36.52% 25.38%
Operating margin 9.35% 25.45% 0.00%
Net margin 6.14% 25.49% 0.00%
Free cash flow margin (21.76%) 10.45% 0.00%
Return on equity 9.85% 20.97% 0.94%
Return on assets 5.12% 12.76% (1.50%)
Return on invested capital 4.60% 68.89% 0.00%

Growth

Metric ELVA ESP Electrical Equipment & Parts median
Revenue growth (TTM) 30.88% (8.09%) 9.28%
EPS growth (last fiscal year) 300.00% 31.88% —
Revenue growth, 5-year CAGR 34.45% 6.87% 9.80%
Net income growth, 5-year CAGR 24.77% 47.57% 0.00%

Health

Metric ELVA ESP Electrical Equipment & Parts median
Debt to equity 0.60 0.00 0.08
Current ratio 7.53 2.28 2.18
Net debt to EBITDA 2.17 (5.08) 0.26

Dividend

Metric ELVA ESP Electrical Equipment & Parts median
Dividend yield — 2.21% 0.84%
Payout ratio — 0.13 0.00

Size

Metric ELVA ESP Electrical Equipment & Parts median
Market cap 319.50m 192.08m 177.98m

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