Electro-Sensors, Inc. (ELSE) 10-Year Financial Performance & Capital Metrics

ELSE • • Industrial / General

TechnologyTech Hardware & EquipmentSpecialized Industrial SystemsIndustrial Monitoring & Control

AboutElectro-Sensors, Inc. engages in the manufacture and sale of industrial production monitoring and process control systems. The company manufactures and sells various monitoring and control systems that measure machine production and operation rates, as well as regulate the speed of related machines in production processes. Its speed monitoring systems include a line of products that measure production counts or rates, such as parts, gallons, or board feet; and alarm systems, tachometers, and other devices that translate impulses from the sensors into alarm signals, computer inputs, or digital displays. The company's temperature application products consist of bearing, gear box, and motor temperature monitoring sensors. It also offers production monitoring devices that include a belt alignment and slide gate position monitors; vibration monitoring products; and tilt switches. In addition, the company provides hazard monitoring systems, such as Electro-Sentry, which integrates its sensors for monitoring temperature, belt alignment, and shaft speed with programmable control logic; HazardPRO, a wireless hazard technology monitoring system; and HazardPRO site system manager software. It serves grain/feed/milling, bulk material, manufacturing, food product, ethanol, power generation, and other processing industries. The company sells its products through internal sales team, manufacturer's representatives, and distributors in the United States, Canada, Mexico, Brazil, Chile, Guatemala, Germany, Peru, United Kingdom, Ukraine, Egypt, Saudi Arabia, the United Arab Emirates, South Africa, Tunisia, India, Australia, China, the Republic of Korea, Vietnam, Malaysia, the Philippines, Thailand, and Singapore. Electro-Sensors, Inc. was incorporated in 1968 and is headquartered in Minnetonka, Minnesota.Show more

Revenue $9M +9.6%
EBITDA $88K +33.3%
Net Income $446K +62.2%
EPS (Diluted) 0.13 +62.1%
Gross Margin 48.89% -1.5%
EBITDA Margin 0.94% +21.7%
Operating Margin -0.04% +87.0%
Net Margin 4.76% +48.0%
ROE 3.18% +56.9%
ROIC -0.07% +83.3%
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 19.0%
✓Trading at only 1.0x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.0%
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.9%

5Y2.57%

3Y2.88%

TTM5.36%

Profit (Net Income) CAGR

10Y-8.58%

5Y18.99%

3Y2.85%

TTM-8.18%

EPS CAGR

10Y-8.02%

5Y18.77%

3Y2.7%

TTM-9.12%

ROCE

10Y Avg0.68%

5Y Avg0.26%

3Y Avg-0.17%

Latest-0.03%

Peer Comparison

Industrial Monitoring & Control

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SOTKSono-Tek Corporation	66.45M	4.23	52.35	4.08%	7.72%	8.24%	0.08%
ELSEElectro-Sensors, Inc.	15.24M	4.38	33.69	9.56%	4.13%	2.75%	0.51%
ITRIItron, Inc.	4.53B	100.91	19.48	12.29%	10.69%	15.03%	4.59%	0.91
TRMBTrimble Inc.	18.69B	78.57	12.90	-3.04%	9.93%	6.18%	2.66%	0.26
FCUVFocus Universal Inc.	5.72M	0.70	-1.45	-9.63%	-15.19%	-33.66%		0.04
SLNHSoluna Holdings, Inc.	157.72M	1.60	-2	80.49%	-274.18%	-107.41%		0.80

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	7.64M	7.09M	7.84M	7.5M	8.26M	7.62M	8.61M	9.03M	8.55M	9.37M
Revenue Growth %	0.08%	-0.07%	0.11%	-0.04%	0.1%	-0.08%	0.13%	0.05%	-0.05%	0.1%
Cost of Goods Sold+	3.41M	3.2M	3.54M	3.45M	3.89M	3.69M	3.93M	4.19M	4.31M	4.79M
COGS % of Revenue	0.45%	0.45%	0.45%	0.46%	0.47%	0.48%	0.46%	0.46%	0.5%	0.51%
Gross Profit+	4.23M	3.88M	4.3M	4.05M	4.37M	3.93M	4.68M	4.84M	4.25M	4.58M
Gross Margin %	0.55%	0.55%	0.55%	0.54%	0.53%	0.52%	0.54%	0.54%	0.5%	0.49%
Gross Profit Growth %	0.03%	-0.08%	0.11%	-0.06%	0.08%	-0.1%	0.19%	0.04%	-0.12%	0.08%
Operating Expenses+	3.94M	3.71M	3.89M	4.19M	4.4M	4.13M	4.24M	4.88M	4.27M	4.59M
OpEx % of Revenue	0.52%	0.52%	0.5%	0.56%	0.53%	0.54%	0.49%	0.54%	0.5%	0.49%
Selling, General & Admin	3.18M	2.95M	3.08M	3.38M	3.59M	3.3M	3.36M	4.04M	3.3M	3.57M
SG&A % of Revenue	0.42%	0.42%	0.39%	0.45%	0.43%	0.43%	0.39%	0.45%	0.39%	0.38%
Research & Development	753K	767K	812K	813K	811K	836K	876K	836K	973K	1.01M
R&D % of Revenue	0.1%	0.11%	0.1%	0.11%	0.1%	0.11%	0.1%	0.09%	0.11%	0.11%
Other Operating Expenses	16K	15K	10K	8K	0	0	0	0	0	0
Operating Income+	290K	170K	410K	-145K	-31K	-204K	441K	-37K	-28K	-4K
Operating Margin %	0.04%	0.02%	0.05%	-0.02%	-0%	-0.03%	0.05%	-0%	-0%	-0%
Operating Income Growth %	-0.26%	-0.41%	1.41%	-1.35%	0.79%	-5.58%	3.16%	-1.08%	0.24%	0.86%
EBITDA+	638K	483K	718K	176K	289K	156K	736K	108K	66K	88K
EBITDA Margin %	0.08%	0.07%	0.09%	0.02%	0.03%	0.02%	0.09%	0.01%	0.01%	0.01%
EBITDA Growth %	0.06%	-0.24%	0.49%	-0.75%	0.64%	-0.46%	3.72%	-0.85%	-0.39%	0.33%
D&A (Non-Cash Add-back)	348K	313K	308K	321K	320K	360K	295K	145K	94K	92K
EBIT	273K	205K	458K	-17K	188K	-169K	460K	73K	379K	436K
Net Interest Income+	-11K	19K	38K	119K	207K	33K	4K	109K	406K	440K
Interest Income	0	20K	38K	120K	209K	36K	5K	110K	407K	440K
Interest Expense	11K	1K	0	1K	2K	3K	1K	1K	1K	0
Other Income/Expense	1.45M	34K	48K	127K	217K	32K	18K	109K	406K	440K
Pretax Income+	1.74M	204K	458K	-18K	186K	-172K	459K	72K	378K	436K
Pretax Margin %	0.23%	0.03%	0.06%	-0%	0.02%	-0.02%	0.05%	0.01%	0.04%	0.05%
Income Tax+	530K	2K	163K	-8K	-1K	-48K	49K	-28K	103K	-10K
Effective Tax Rate %	0.7%	0.99%	0.64%	0.56%	1.01%	0.72%	0.89%	1.39%	0.73%	1.02%
Net Income+	1.21M	202K	295K	-10K	187K	-124K	410K	100K	275K	446K
Net Margin %	0.16%	0.03%	0.04%	-0%	0.02%	-0.02%	0.05%	0.01%	0.03%	0.05%
Net Income Growth %	0.11%	-0.83%	0.46%	-1.03%	19.7%	-1.66%	4.31%	-0.76%	1.75%	0.62%
Net Income (Continuing)	1.21M	202K	295K	-10K	187K	-124K	410K	100K	275K	446K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.36	0.06	0.09	-0.00	0.06	-0.04	0.12	0.03	0.08	0.13
EPS Growth %	0.2%	-0.83%	0.5%	-1.03%	-	-1.66%	4.29%	-0.76%	1.76%	0.62%
EPS (Basic)	0.36	0.06	0.09	-0.00	0.06	-0.04	0.12	0.03	0.08	0.13
Diluted Shares Outstanding	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M	3.44M	3.43M	3.43M	3.44M
Basic Shares Outstanding	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M	3.4M	3.43M	3.44M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	10.88M	10.79M	11.36M	11.47M	11.72M	11.86M	12.63M	12.81M	13.14M	13.47M
Cash & Short-Term Investments	8.44M	8.27M	8.72M	8.8M	8.83M	9.13M	9.77M	9.68M	9.93M	10M
Cash Only	569K	840K	963K	1.06M	8.79M	1.09M	6.71M	7.65M	9.87M	9.95M
Short-Term Investments	7.87M	7.43M	7.76M	7.74M	45K	8.04M	3.06M	2.04M	56K	56K
Accounts Receivable	689K	836K	947K	896K	1.04M	983K	1.01M	1.17M	1.28M	1.31M
Days Sales Outstanding	32.93	43.06	44.09	43.63	45.79	47.08	42.75	47.38	54.74	50.97
Inventory	1.56M	1.51M	1.55M	1.62M	1.7M	1.57M	1.66M	1.75M	1.75M	1.96M
Days Inventory Outstanding	167.41	172.64	159.98	171.28	158.96	155.45	154.45	152.08	148.29	149.63
Other Current Assets	170K	174K	141K	155K	159K	170K	188K	214K	179K	197K
Total Non-Current Assets+	2.54M	2.27M	2.06M	1.81M	1.78M	1.49M	1.29M	1.26M	1.33M	1.44M
Property, Plant & Equipment	1.1M	1.03M	1.07M	1.05M	1.06M	989K	1.02M	975K	951K	910K
Fixed Asset Turnover	6.92x	6.86x	7.30x	7.14x	7.77x	7.71x	8.46x	9.26x	9.00x	10.30x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	1.27M	1.03M	800K	565K	489K	228K	38K	0	0	0
Long-Term Investments	-156K	-198K	-182K	-192K	0	0	0	0	0	0
Other Non-Current Assets	156K	198K	182K	192K	0	0	0	0	0	0
Total Assets+	13.42M	13.06M	13.41M	13.28M	13.5M	13.34M	13.91M	14.07M	14.47M	14.92M
Asset Turnover	0.57x	0.54x	0.58x	0.56x	0.61x	0.57x	0.62x	0.64x	0.59x	0.63x
Asset Growth %	-0.02%	-0.03%	0.03%	-0.01%	0.02%	-0.01%	0.04%	0.01%	0.03%	0.03%
Total Current Liabilities+	926K	543K	708K	526K	565K	533K	697K	630K	690K	552K
Accounts Payable	136K	239K	178K	116K	129K	197K	349K	274K	291K	146K
Days Payables Outstanding	14.56	27.24	18.35	12.28	12.1	19.48	32.41	23.88	24.64	11.12
Short-Term Debt	390K	0	0	0	5K	6K	6K	6K	0	0
Deferred Revenue (Current)	4K	0	0	0	0	0	0	0	0	0
Other Current Liabilities	0	0	236K	0	72K	73K	61K	22K	0	56K
Current Ratio	11.75x	19.87x	16.04x	21.80x	20.74x	22.24x	18.12x	20.34x	19.04x	24.41x
Quick Ratio	10.06x	17.08x	13.85x	18.73x	17.74x	19.29x	15.73x	17.57x	16.50x	20.85x
Cash Conversion Cycle	185.78	188.46	185.72	202.63	192.65	183.05	164.78	175.58	178.38	189.48
Total Non-Current Liabilities+	455K	195K	23K	24K	41K	35K	29K	30K	27K	31K
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	24K	19K	12K	6K	0	0	0
Deferred Tax Liabilities	0	60K	23K	29K	22K	23K	23K	30K	27K	31K
Other Non-Current Liabilities	455K	195K	-23K	0	0	0	0	0	0	0
Total Liabilities	1.38M	738K	708K	550K	606K	568K	726K	660K	717K	583K
Total Debt+	390K	0	0	29K	24K	18K	12K	6K	0	0
Net Debt	-179K	-840K	-963K	-1.03M	-8.76M	-1.07M	-6.7M	-7.64M	-9.87M	-9.95M
Debt / Equity	0.03x	-	-	0.00x	0.00x	0.00x	0.00x	0.00x	-	-
Debt / EBITDA	0.61x	-	-	0.16x	0.08x	0.12x	0.02x	0.06x	-	-
Net Debt / EBITDA	-0.28x	-1.74x	-1.34x	-5.84x	-30.31x	-6.87x	-9.10x	-70.74x	-149.55x	-113.05x
Interest Coverage	26.36x	170.00x	-	-145.00x	-15.50x	-68.00x	441.00x	-37.00x	-28.00x	-
Total Equity+	12.04M	12.32M	12.71M	12.72M	12.89M	12.77M	13.19M	13.41M	13.76M	14.33M
Equity Growth %	0.04%	0.02%	0.03%	0%	0.01%	-0.01%	0.03%	0.02%	0.03%	0.04%
Book Value per Share	3.55	3.63	3.74	3.75	3.79	3.76	3.83	3.91	4.01	4.17
Total Shareholders' Equity	12.04M	12.32M	12.71M	12.72M	12.89M	12.77M	13.19M	13.41M	13.76M	14.33M
Common Stock	339K	339K	339K	339K	339K	339K	339K	342K	342K	344K
Retained Earnings	9.86M	10.06M	10.35M	10.34M	10.52M	10.4M	10.81M	10.91M	11.18M	11.63M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-33K	-29K	12K	32K	0	1K	0	1K	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-306K	196K	468K	130K	152K	331K	769K	-147K	130K	129K
Operating CF Margin %	-0.04%	0.03%	0.06%	0.02%	0.02%	0.04%	0.09%	-0.02%	0.02%	0.01%
Operating CF Growth %	-2.16%	1.64%	1.39%	-0.72%	0.17%	1.18%	1.32%	-1.19%	1.88%	-0.01%
Net Income	1.21M	202K	295K	-10K	187K	-124K	410K	100K	275K	446K
Depreciation & Amortization	348K	313K	308K	321K	320K	360K	295K	145K	94K	92K
Stock-Based Compensation	63K	74K	51K	15K	11K	6K	5K	3K	67K	132K
Deferred Taxes	-104K	-18K	-4K	-16K	-2K	-43K	38K	-48K	-99K	-146K
Other Non-Cash Items	-1.47M	-280K	-79K	-114K	-182K	0	-9K	-8K	-191K	0
Working Capital Changes	-360K	-95K	-103K	-66K	-182K	132K	30K	-339K	-16K	-395K
Change in Receivables	51K	-81K	-135K	6K	-140K	79K	-48K	-156K	-122K	-26K
Change in Inventory	-340K	49K	-37K	-66K	-77K	123K	-91K	-82K	-6K	-213K
Change in Payables	10K	103K	-61K	-62K	13K	68K	152K	-75K	17K	-145K
Cash from Investing+	66K	465K	-345K	115K	7.58M	-8.02M	4.86M	964K	2.1M	-51K
Capital Expenditures	-70K	-8K	-114K	-32K	-257K	-25K	-141K	-65K	-70K	-51K
CapEx % of Revenue	0.01%	0%	0.01%	0%	0.03%	0%	0.02%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.33M	473K	-231K	147K	-150K	-8M	5M	1.03M	0	0
Cash from Financing+	-381K	-390K	0	-151K	-5K	-6K	-6K	116K	-6K	0
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	-150K	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-376K	188K	354K	98K	-105K	306K	628K	-212K	60K	78K
FCF Margin %	-0.05%	0.03%	0.05%	0.01%	-0.01%	0.04%	0.07%	-0.02%	0.01%	0.01%
FCF Growth %	-2.73%	1.5%	0.88%	-0.72%	-2.07%	3.91%	1.05%	-1.34%	1.28%	0.3%
FCF per Share	-0.11	0.06	0.10	0.03	-0.03	0.09	0.18	-0.06	0.02	0.02
FCF Conversion (FCF/Net Income)	-0.25x	0.97x	1.59x	-13.00x	0.81x	-2.67x	1.88x	-1.47x	0.47x	0.29x
Interest Paid	19K	10K	0	1K	0	3K	1K	1K	1K	0
Taxes Paid	712K	90K	196K	1K	0	20K	15K	28K	115K	171K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.3%	1.66%	2.36%	-0.08%	1.46%	-0.97%	3.16%	0.75%	2.02%	3.18%
Return on Invested Capital (ROIC)	1.89%	1.09%	2.65%	-0.93%	-0.29%	-1.93%	3.64%	-0.45%	-0.43%	-0.07%
Gross Margin	55.34%	54.8%	54.83%	54%	52.87%	51.57%	54.34%	53.62%	49.62%	48.89%
Net Margin	15.9%	2.85%	3.76%	-0.13%	2.26%	-1.63%	4.76%	1.11%	3.21%	4.76%
Debt / Equity	0.03x	-	-	0.00x	0.00x	0.00x	0.00x	0.00x	-	-
Interest Coverage	26.36x	170.00x	-	-145.00x	-15.50x	-68.00x	441.00x	-37.00x	-28.00x	-
FCF Conversion	-0.25x	0.97x	1.59x	-13.00x	0.81x	-2.67x	1.88x	-1.47x	0.47x	0.29x
Revenue Growth	8.45%	-7.19%	10.63%	-4.4%	10.18%	-7.71%	12.94%	4.9%	-5.25%	9.56%

Revenue by Segment

	2012	2013	2014	2015
Production Monitoring	809K	-	-	-
Production Monitoring Growth	-	-	-	-
Esi Investment Company	-	-	-	-
Esi Investment Company Growth	-	-	-	-

Revenue by Geography

	2012	2013	2014	2015
Foreign Country Revenue	-	932K	973K	972K
Foreign Country Revenue Growth	-	-	4.40%	-0.10%

Frequently Asked Questions

Valuation & Price

Electro-Sensors, Inc. (ELSE) has a price-to-earnings (P/E) ratio of 33.7x. This suggests investors expect higher future growth.

Growth & Financials

Electro-Sensors, Inc. (ELSE) reported $9.8M in revenue for fiscal year 2024. This represents a 60% increase from $6.1M in 2011.

Electro-Sensors, Inc. (ELSE) grew revenue by 9.6% over the past year. This is steady growth.

Yes, Electro-Sensors, Inc. (ELSE) is profitable, generating $0.4M in net income for fiscal year 2024 (4.8% net margin).

Dividend & Returns

Electro-Sensors, Inc. (ELSE) has a return on equity (ROE) of 3.2%. This is below average, suggesting room for improvement.

Electro-Sensors, Inc. (ELSE) generated $0.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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