Espey Mfg. & Electronics Corp. (ESP) vs NeoVolta, Inc. (NEOV)

Espey Mfg. & Electronics Corp. and NeoVolta, Inc. are both Electrical Equipment & Parts companies. Espey Mfg. & Electronics Corp. is the larger, with a market value of $192.1M against $141.6M — 1.4× the size. NeoVolta, Inc. has negative trailing earnings, so its P/E is not meaningful; Espey Mfg. & Electronics Corp. trades at 16.6×. NeoVolta, Inc. grew revenue faster over the last twelve months: 324.7% against −8.09%. Espey Mfg. & Electronics Corp. has the higher net margin (25.5% vs −63.4%) and the higher return on invested capital (68.9% vs −54.8%). Across the 18 metrics below, Espey Mfg. & Electronics Corp. leads on 15 and NeoVolta, Inc. on 3.

Valuation

Metric ESP NEOV Electrical Equipment & Parts median
P/E 16.62 n/m 36.10
P/S 4.33 4.80 2.73
P/B 3.24 3.91 3.57
Price to free cash flow 41.41 n/m 33.31
EV/EBITDA 12.11 n/m 18.07
EV/Sales 3.23 4.20 2.75
Earnings yield 6.02% (15.28%) (5.84%)
Free cash flow yield 2.41% (10.46%) 0.00%

Profitability

Metric ESP NEOV Electrical Equipment & Parts median
Gross margin 36.52% 21.32% 25.38%
Operating margin 25.45% (51.96%) 0.00%
Net margin 25.49% (63.42%) 0.00%
Free cash flow margin 10.45% (50.25%) 0.00%
Return on equity 20.97% (88.13%) 0.94%
Return on assets 12.76% (73.05%) (1.50%)
Return on invested capital 68.89% (54.84%) 0.00%

Growth

Metric ESP NEOV Electrical Equipment & Parts median
Revenue growth (TTM) (8.09%) 324.68% 9.28%
EPS growth (last fiscal year) 31.88% (114.29%) —
Revenue growth, 5-year CAGR 6.87% 11.80% 9.80%
Net income growth, 5-year CAGR 47.57% 0.00% 0.00%

Health

Metric ESP NEOV Electrical Equipment & Parts median
Debt to equity 0.00 0.00 0.08
Current ratio 2.28 8.10 2.18
Net debt to EBITDA (5.08) 0.09 0.26

Dividend

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

Size

Metric ESP NEOV Electrical Equipment & Parts median
Market cap 192.08m 141.64m 177.98m

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