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 $231.5M against $139.5M — 1.7× the size. Espey Mfg. & Electronics Corp. trades at the lower P/E: 11.5× against 44.0×. 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 44.02 11.48 24.14
P/S 3.23 2.78 2.33
P/B 3.46 2.12 2.49
Price to free cash flow n/m 49.54 22.24
EV/EBITDA 30.36 6.83 12.18
EV/Sales 3.59 1.79 1.79
Earnings yield 2.27% 8.71% (6.07%)
Free cash flow yield (6.73%) 2.02% (5.34%)

Profitability

Metric ELVA ESP Electrical Equipment & Parts median
Gross margin 33.00% 35.30% 29.92%
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% 0.00%
Return on assets 5.12% 12.68% 0.00%
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% 10.59%
EPS growth (last fiscal year) 300.00% 28.81% 24.08%
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 0.15
Current ratio 7.53 2.50 2.34
Net debt to EBITDA 2.17 (3.75) 0.26

Dividend

Metric ELVA ESP Electrical Equipment & Parts median
Dividend yield — 2.16% 0.33%
Payout ratio — 0.26 0.09

Size

Metric ELVA ESP Electrical Equipment & Parts median
Market cap 231.50m 139.52m 159.94m

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