Added to YB: 2026-08-24
Pitch date: 2026-08-19
ESP [bullish]
Espey Mfg. & Electronics Corp.
Author Info
No bio for this author
Company Info
Espey Mfg. & Electronics Corp. manufactures and sells electronic equipment primarily for military and industrial applications in the United States and internationally.
Market Cap
$182.3M
Pitch Price
N/A
Price Target
N/A
Dividend
1.55%
EV/EBITDA
12.06
P/E
17.02
EV/Sales
3.21
Sector
Electrical Equipment
Category
growth
The Navy’s Best Kept $180M Secret
ESP (new position): Sole-source Navy transformer/power supplier for Virginia & Columbia subs (nuclear triad). Wright's Law compresses costs on fixed-price contracts: 9mo FY26 GM 25.9%→35.7% on lower rev. Navy float funds ops (zero debt, $46M cash). $137M funded backlog, $76.6B July sub award catalyst. At ~$64, 13.6x EV/NI, 60% below peers. PT $105-165 by 2027, 2-3x upside. Risks: lumpy rev, yard delays, 7% ESOP dilution, illiquid/undiscovered.
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