Espey Ev To Free Cash Flow vs Cash Ratio Analysis

ESP Stock

USD 29.48 0.54 1.87%

Espey Mfg financial indicator trend analysis is much more than just examining Espey Mfg Electronics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Espey Mfg Electronics is a good investment. Please check the relationship between Espey Mfg Ev To Free Cash Flow and its Cash Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Espey Mfg Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Ev To Free Cash Flow vs Cash Ratio

Ev To Free Cash Flow vs Cash Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Espey Mfg Electronics Ev To Free Cash Flow account and Cash Ratio. At this time, the significance of the direction appears to have very week relationship.

The correlation between Espey Mfg's Ev To Free Cash Flow and Cash Ratio is 0.27. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Cash Ratio in the same time period over historical financial statements of Espey Mfg Electronics, assuming nothing else is changed. The correlation between historical values of Espey Mfg's Ev To Free Cash Flow and Cash Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Free Cash Flow of Espey Mfg Electronics are associated (or correlated) with its Cash Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Ratio has no effect on the direction of Ev To Free Cash Flow i.e., Espey Mfg's Ev To Free Cash Flow and Cash Ratio go up and down completely randomly.

Correlation Coefficient

0.27

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Ev To Free Cash Flow

A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.

Cash Ratio

Most indicators from Espey Mfg's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Espey Mfg Electronics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Espey Mfg Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Espey Mfg's Tax Provision is relatively stable compared to the past year. As of 11/22/2024, Enterprise Value Over EBITDA is likely to grow to 11.30, while Selling General Administrative is likely to drop slightly above 3.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	5.5M	8.1M	10.7M	5.6M
Total Revenue	32.1M	35.6M	38.7M	24.8M

Gross Profit Total Revenue

Espey Mfg fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Short Term Investments	Common Stock	Treasury Stock	Property Plant Equipment
Total Assets		0.69	0.94	0.25	0.37	0.52	-0.39	-0.11	-0.29	0.63	0.42	0.41	-0.73	0.83	0.62	0.89	0.67	1.0	0.49	0.52	0.59	0.82	0.53	0.82	0.49	-0.21
Total Current Liabilities	0.69		0.56	0.08	0.51	0.42	-0.44	-0.08	-0.39	0.31	0.15	-0.12	-0.6	0.69	0.91	0.58	1.0	0.67	0.39	0.79	0.88	0.41	0.79	0.44	0.53	-0.24
Total Stockholder Equity	0.94	0.56		0.18	0.26	0.7	-0.27	-0.26	-0.23	0.71	0.46	0.23	-0.86	0.67	0.51	0.82	0.54	0.94	0.39	0.45	0.45	0.92	0.53	0.93	0.28	-0.29
Property Plant And Equipment Net	0.25	0.08	0.18		0.75	-0.23	-0.8	0.85	0.46	-0.22	0.51	0.47	-0.07	0.28	0.01	0.43	0.07	0.19	-0.15	0.3	0.03	0.09	0.11	0.08	0.03	0.87
Net Debt	0.37	0.51	0.26	0.75		-0.06	-0.99	0.65	0.18	-0.22	0.47	0.23	-0.18	0.42	0.52	0.47	0.51	0.31	0.24	0.46	0.48	0.04	0.51	0.05	0.25	0.62
Retained Earnings	0.52	0.42	0.7	-0.23	-0.06		0.11	-0.49	-0.22	0.74	0.1	-0.36	-0.73	0.11	0.47	0.2	0.4	0.54	0.22	0.28	0.32	0.61	0.62	0.63	-0.19	-0.58
Cash	-0.39	-0.44	-0.27	-0.8	-0.99	0.11		-0.69	-0.21	0.21	-0.5	-0.35	0.14	-0.44	-0.45	-0.5	-0.44	-0.33	-0.25	-0.4	-0.42	-0.06	-0.43	-0.06	-0.26	-0.67
Non Current Assets Total	-0.11	-0.08	-0.26	0.85	0.65	-0.49	-0.69		0.54	-0.43	0.18	0.44	0.39	-0.02	-0.06	0.03	-0.07	-0.18	-0.25	0.1	-0.03	-0.41	0.0	-0.42	-0.07	0.92
Non Currrent Assets Other	-0.29	-0.39	-0.23	0.46	0.18	-0.22	-0.21	0.54		-0.09	-0.28	0.14	0.11	-0.33	-0.21	-0.19	-0.39	-0.31	-0.14	-0.25	-0.27	-0.33	-0.04	-0.34	-0.25	0.61
Cash And Short Term Investments	0.63	0.31	0.71	-0.22	-0.22	0.74	0.21	-0.43	-0.09		-0.18	0.11	-0.58	0.19	0.37	0.36	0.29	0.66	0.24	0.2	0.25	0.61	0.53	0.6	-0.04	-0.58
Net Receivables	0.42	0.15	0.46	0.51	0.47	0.1	-0.5	0.18	-0.28	-0.18		0.25	-0.3	0.41	-0.04	0.52	0.14	0.41	-0.02	0.29	0.02	0.49	-0.05	0.48	0.04	0.29
Common Stock Shares Outstanding	0.41	-0.12	0.23	0.47	0.23	-0.36	-0.35	0.44	0.14	0.11	0.25		0.18	0.42	-0.1	0.5	-0.12	0.4	0.22	-0.15	-0.03	0.15	-0.24	0.11	0.34	0.38
Non Current Liabilities Total	-0.73	-0.6	-0.86	-0.07	-0.18	-0.73	0.14	0.39	0.11	-0.58	-0.3	0.18		-0.55	-0.51	-0.67	-0.58	-0.74	-0.27	-0.57	-0.43	-0.86	-0.58	-0.88	-0.24	0.34
Inventory	0.83	0.69	0.67	0.28	0.42	0.11	-0.44	-0.02	-0.33	0.19	0.41	0.42	-0.55		0.57	0.89	0.69	0.82	0.53	0.49	0.63	0.64	0.26	0.64	0.84	-0.04
Other Current Assets	0.62	0.91	0.51	0.01	0.52	0.47	-0.45	-0.06	-0.21	0.37	-0.04	-0.1	-0.51	0.57		0.44	0.91	0.6	0.59	0.53	0.94	0.27	0.84	0.29	0.5	-0.24
Other Stockholder Equity	0.89	0.58	0.82	0.43	0.47	0.2	-0.5	0.03	-0.19	0.36	0.52	0.5	-0.67	0.89	0.44		0.56	0.88	0.38	0.54	0.49	0.78	0.34	0.78	0.59	0.05
Total Liab	0.67	1.0	0.54	0.07	0.51	0.4	-0.44	-0.07	-0.39	0.29	0.14	-0.12	-0.58	0.69	0.91	0.56		0.65	0.39	0.78	0.89	0.39	0.79	0.41	0.53	-0.23
Total Current Assets	1.0	0.67	0.94	0.19	0.31	0.54	-0.33	-0.18	-0.31	0.66	0.41	0.4	-0.74	0.82	0.6	0.88	0.65		0.5	0.49	0.57	0.84	0.51	0.84	0.49	-0.26
Other Current Liab	0.49	0.39	0.39	-0.15	0.24	0.22	-0.25	-0.25	-0.14	0.24	-0.02	0.22	-0.27	0.53	0.59	0.38	0.39	0.5		-0.15	0.49	0.26	0.25	0.26	0.59	-0.22
Accounts Payable	0.52	0.79	0.45	0.3	0.46	0.28	-0.4	0.1	-0.25	0.2	0.29	-0.15	-0.57	0.49	0.53	0.54	0.78	0.49	-0.15		0.54	0.4	0.65	0.42	0.23	-0.02
Property Plant And Equipment Gross	0.59	0.88	0.45	0.03	0.48	0.32	-0.42	-0.03	-0.27	0.25	0.02	-0.03	-0.43	0.63	0.94	0.49	0.89	0.57	0.49	0.54		0.25	0.71	0.27	0.6	-0.2
Common Stock Total Equity	0.82	0.41	0.92	0.09	0.04	0.61	-0.06	-0.41	-0.33	0.61	0.49	0.15	-0.86	0.64	0.27	0.78	0.39	0.84	0.26	0.4	0.25		0.28	1.0	0.29	-0.35
Short Term Investments	0.53	0.79	0.53	0.11	0.51	0.62	-0.43	0.0	-0.04	0.53	-0.05	-0.24	-0.58	0.26	0.84	0.34	0.79	0.51	0.25	0.65	0.71	0.28		0.31	0.07	-0.19
Common Stock	0.82	0.44	0.93	0.08	0.05	0.63	-0.06	-0.42	-0.34	0.6	0.48	0.11	-0.88	0.64	0.29	0.78	0.41	0.84	0.26	0.42	0.27	1.0	0.31		0.29	-0.37
Treasury Stock	0.49	0.53	0.28	0.03	0.25	-0.19	-0.26	-0.07	-0.25	-0.04	0.04	0.34	-0.24	0.84	0.5	0.59	0.53	0.49	0.59	0.23	0.6	0.29	0.07	0.29		-0.08
Property Plant Equipment	-0.21	-0.24	-0.29	0.87	0.62	-0.58	-0.67	0.92	0.61	-0.58	0.29	0.38	0.34	-0.04	-0.24	0.05	-0.23	-0.26	-0.22	-0.02	-0.2	-0.35	-0.19	-0.37	-0.08

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Espey Mfg Account Relationship Matchups

Espey Mfg fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.2M	38.0M	39.9M	47.5M	56.5M	34.0M
Total Current Liabilities	6.7M	7.5M	7.6M	11.5M	15.3M	16.0M
Total Stockholder Equity	31.2M	30.3M	32.1M	35.9M	41.3M	30.7M
Property Plant And Equipment Net	3.5M	3.0M	2.8M	2.8M	3.3M	2.4M
Net Debt	(5.4M)	(6.8M)	(8.1M)	(2.7M)	(4.4M)	(4.6M)
Retained Earnings	18.8M	17.4M	18.7M	21.9M	26.0M	24.8M
Cash	5.4M	6.8M	8.1M	2.7M	4.4M	6.2M
Non Current Assets Total	3.5M	3.0M	2.8M	2.8M	3.3M	2.5M
Non Currrent Assets Other	(303.9K)	(294.4K)	(252.7K)	(334.0K)	(895.2K)	(850.4K)
Cash And Short Term Investments	10.5M	9.9M	11.8M	14.7M	23.2M	12.2M
Net Receivables	9.0M	5.6M	5.7M	5.8M	6.6M	4.4M
Common Stock Shares Outstanding	2.4M	2.4M	2.4M	2.5M	2.5M	1.9M
Liabilities And Stockholders Equity	38.2M	38.0M	39.9M	47.5M	56.5M	34.0M
Non Current Liabilities Total	277.1K	233.0K	168.6K	177.8K	137.8K	0.0
Inventory	14.8M	18.8M	18.6M	19.9M	19.2M	12.5M
Other Current Assets	396.9K	700.3K	2.0M	4.3M	4.1M	4.3M
Other Stockholder Equity	11.4M	11.9M	12.4M	13.0M	14.2M	7.8M
Total Liab	7.0M	7.6M	7.8M	11.6M	15.3M	16.0M
Total Current Assets	34.7M	35.0M	37.1M	44.7M	53.2M	30.5M
Other Current Liab	318.3K	1.7M	2.1M	10.3M	2.3M	1.5M
Accounts Payable	2.9M	2.7M	2.1M	1.2M	3.8M	3.9M
Property Plant And Equipment Gross	3.5M	3.0M	15.9M	16.4M	17.2M	18.1M
Accumulated Other Comprehensive Income	(3.1K)	(2.4K)	(1.9K)	(2.4K)	6.5K	6.9K
Short Term Investments	5.1M	3.1M	3.7M	12.0M	18.9M	19.8M
Treasury Stock	(7.7M)	(7.6M)	(7.7M)	(6.0M)	(6.9M)	(7.3M)
Property Plant Equipment	3.5M	3.0M	2.8M	2.8M	2.5M	2.4M
Net Tangible Assets	31.2M	30.3M	32.1M	35.9M	41.3M	32.7M
Capital Surpluse	19.1M	23.0M	23.1M	23.3M	26.8M	20.6M
Other Liab	233.0K	168.6K	177.8K	137.8K	124.0K	155.5K
Cash And Equivalents	5.4M	6.8M	8.1M	2.7M	2.5M	4.9M
Short Term Debt	1.2M	1.4M	1.6M	8.1M	(9.0M)	(8.6M)
Net Invested Capital	31.2M	30.3M	32.1M	35.9M	41.3M	36.9M
Net Working Capital	28.0M	27.5M	29.5M	33.2M	38.0M	33.6M
Current Deferred Revenue	2.2M	3.1M	3.4M	8.1M	9.0M	4.7M

Pair Trading with Espey Mfg

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Espey Mfg position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Espey Mfg will appreciate offsetting losses from the drop in the long position's value.

Moving together with Espey Stock

0.61

EOSE

Eos Energy Enterprises Buyout Trend

Pair Corr

Moving against Espey Stock

0.74	FCEL	FuelCell Energy Trending	Pair Corr
0.54	FLUX	Flux Power Holdings	Pair Corr
0.48	EPOW	Sunrise New Energy	Pair Corr

The ability to find closely correlated positions to Espey Mfg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Espey Mfg when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Espey Mfg - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Espey Mfg Electronics to buy it.

The correlation of Espey Mfg is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Espey Mfg moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Espey Mfg Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Espey Mfg can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Espey Stock Analysis

When running Espey Mfg's price analysis, check to measure Espey Mfg's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Espey Mfg is operating at the current time. Most of Espey Mfg's value examination focuses on studying past and present price action to predict the probability of Espey Mfg's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Espey Mfg's price. Additionally, you may evaluate how the addition of Espey Mfg to your portfolios can decrease your overall portfolio volatility.

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