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 $139.5M against $124.5M — 1.1× the size. NeoVolta, Inc. has negative trailing earnings, so its P/E is not meaningful; Espey Mfg. & Electronics Corp. trades at 11.5×. NeoVolta, Inc. grew revenue faster over the last twelve months: 58.2% against 4.95%. Espey Mfg. & Electronics Corp. has the higher net margin (24.2% vs −161.0%) and the higher return on invested capital (47.9% vs −79.8%). Across the 17 metrics below, Espey Mfg. & Electronics Corp. leads on 13 and NeoVolta, Inc. on 4.

Valuation

Metric ESP NEOV Electrical Equipment & Parts median
P/E 11.48 n/m 24.14
P/S 2.78 6.16 2.33
P/B 2.12 2.08 2.49
Price to free cash flow 49.54 n/m 22.24
EV/EBITDA 6.83 n/m 12.18
EV/Sales 1.79 4.31 1.79
Earnings yield 8.71% (24.88%) (6.07%)
Free cash flow yield 2.02% (27.18%) (5.34%)

Profitability

Metric ESP NEOV Electrical Equipment & Parts median
Gross margin 35.30% 16.04% 29.92%
Operating margin 25.14% (136.07%) 0.00%
Net margin 24.24% (161.03%) 0.00%
Free cash flow margin 5.61% (167.43%) 0.00%
Return on equity 20.07% (101.09%) 0.00%
Return on assets 12.68% (71.04%) 0.00%
Return on invested capital 47.90% (79.76%) 0.00%

Growth

Metric ESP NEOV Electrical Equipment & Parts median
Revenue growth (TTM) 4.95% 58.22% 10.59%
EPS growth (last fiscal year) 28.81% (266.67%) 24.08%
Revenue growth, 5-year CAGR 10.71% 22.55% 9.92%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ESP NEOV Electrical Equipment & Parts median
Debt to equity 0.00 0.00 0.15
Current ratio 2.50 4.92 2.34
Net debt to EBITDA (3.75) 1.45 0.26

Dividend

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

Size

Metric ESP NEOV Electrical Equipment & Parts median
Market cap 139.52m 124.52m 159.94m

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