Mayville Engineering Company, Inc.

DB:2YN Stock Report

Market Cap: €381.0m

Mayville Engineering Company Valuation

Is 2YN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2YN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2YN (€18.5) is trading below our estimate of fair value (€26.82)

Significantly Below Fair Value: 2YN is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2YN?

Other financial metrics that can be useful for relative valuation.

2YN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA8.9x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does 2YN's PE Ratio compare to its peers?

The above table shows the PE ratio for 2YN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average47.9x
NOEJ NORMA Group
17x34.0%€416.1m
MUB Mühlbauer Holding
18.4xn/a€590.4m
WSU WashTec
18x12.6%€523.2m
SLT Schaltbau Holding
138xn/a€627.5m
2YN Mayville Engineering Company
38.6x20.5%€412.2m

Price-To-Earnings vs Peers: 2YN is good value based on its Price-To-Earnings Ratio (38.6x) compared to the peer average (47.9x).


Price to Earnings Ratio vs Industry

How does 2YN's PE Ratio compare vs other companies in the DE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 2YN is expensive based on its Price-To-Earnings Ratio (38.6x) compared to the German Machinery industry average (15.7x).


Price to Earnings Ratio vs Fair Ratio

What is 2YN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2YN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.6x
Fair PE Ratio15.4x

Price-To-Earnings vs Fair Ratio: 2YN is expensive based on its Price-To-Earnings Ratio (38.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2YN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€18.50
€26.14
+41.3%
5.3%€27.51€24.76n/a2
Oct ’25€18.80
€24.14
+28.4%
11.1%€26.82€21.46n/a2
Sep ’25€17.40
€24.14
+38.7%
11.1%€26.82€21.46n/a2
Aug ’25€17.60
€20.57
+16.9%
22.3%€27.43€15.54n/a4
Jul ’25€15.40
€20.55
+33.5%
25.5%€28.03€14.01n/a4
Jun ’25€14.60
€18.08
+23.9%
16.4%€22.26€13.91n/a4
May ’25€12.90
€17.27
+33.9%
13.8%€20.26€13.82n/a4
Apr ’25€12.70
€16.92
+33.2%
14.6%€20.12€13.72n/a4
Mar ’25€11.20
€16.48
+47.1%
10.8%€18.56€13.92n/a4
Feb ’25€11.60
€16.20
+39.7%
10.8%€18.26€13.69n/a4
Jan ’25€13.10
€16.17
+23.4%
10.8%€18.22€13.67n/a4
Dec ’24€11.60
€16.55
+42.7%
10.8%€18.65€13.99n/a4
Nov ’24€10.70
€16.80
+57.0%
10.8%€18.93€14.19n/a4
Oct ’24€10.20
€17.24
+69.1%
16.2%€21.15€13.80€18.804
Sep ’24€10.74
€17.24
+60.6%
16.2%€21.15€13.80€17.404
Aug ’24n/a
€16.95
0%
14.6%€20.16€13.74€17.604
Jul ’24n/a
€16.95
0%
14.6%€20.16€13.74€15.404
Jun ’24n/a
€16.61
0%
15.2%€19.37€12.92€14.604
May ’24n/a
€16.92
0%
13.4%€19.94€14.50€12.903
Feb ’24n/a
€15.93
0%
9.8%€17.46€13.79€11.603
Jan ’24n/a
€15.19
0%
8.8%€17.09€14.24€13.103
Dec ’23n/a
€14.35
0%
10.1%€15.38€12.30€11.603
Nov ’23n/a
€11.50
0%
29.1%€15.22€7.10€10.703
Oct ’23n/a
€11.79
0%
24.5%€14.73€7.86€10.203

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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