Mayville Engineering Company, Inc.

DB:2YN Stock Report

Market Cap: €300.6m

Mayville Engineering Company Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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.

Discounted Cash Flow
Simply Wall St
€2.84
Fair Value
407.9% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: 2YN (€14.4) is trading above our estimate of fair value (€2.84)

Significantly Below Fair Value: 2YN is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As 2YN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2YN. This is calculated by dividing 2YN's market cap by their current earnings.
What is 2YN's PE Ratio?
PE Ratio25.3x
EarningsUS$12.22m
Market CapUS$309.66m

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 Average16.8x
NOEJ NORMA Group
20.5x35.7%€497.1m
MUB Mühlbauer Holding
17.5xn/a€576.2m
WSU WashTec
18.6x14.3%€538.0m
STM Stabilus
10.7x13.8%€758.3m
2YN Mayville Engineering Company
25.3x7.5%€309.7m

Price-To-Earnings vs Peers: 2YN is expensive based on its Price-To-Earnings Ratio (25.3x) compared to the peer average (17.2x).

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
No more companies available in this PE range
2YN 25.3xIndustry Avg. 17.4xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2YN is expensive based on its Price-To-Earnings Ratio (25.3x) compared to the German Machinery industry average (17.5x).

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 Ratio25.3x
Fair PE Ratio11x

Price-To-Earnings vs Fair Ratio: 2YN is expensive based on its Price-To-Earnings Ratio (25.3x) compared to the estimated Fair Price-To-Earnings Ratio (11x).

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€14.40
€20.02
+39.1%
4.8%€20.98€19.07n/a2
Jan ’26€14.90
€20.02
+34.4%
4.8%€20.98€19.07n/a2
Dec ’25€15.80
€18.22
+15.3%
10.4%€20.38€15.75n/a3
Nov ’25€19.10
€22.76
+19.2%
22.5%€27.68€15.69n/a3
Oct ’25€18.80
€21.16
+12.6%
22.4%€26.82€15.20n/a3
Sep ’25€17.40
€21.16
+21.6%
22.4%€26.82€15.20n/a3
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€13.67€14.904
Dec ’24€11.60
€16.55
+42.7%
10.8%€18.65€13.99€15.804
Nov ’24€10.70
€16.80
+57.0%
10.8%€18.93€14.19€19.104
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
Analyst Price Target
Consensus Narrative from 2 Analysts
€20.16
Fair Value
28.6% undervalued intrinsic discount
2
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/09 21:25
End of Day Share Price 2025/01/09 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mayville Engineering Company, Inc. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew KaplowitzCitigroup Inc
Stephen VolkmannJefferies LLC
Edward JacksonNorthland Capital Markets