MEC Stock Overview
Mayville Engineering Company, Inc., together with its subsidiaries, operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets in the United States.
Mayville Engineering Company Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$7.71|
|52 Week High||US$20.99|
|52 Week Low||US$7.01|
|1 Month Change||-8.65%|
|3 Month Change||-22.28%|
|1 Year Change||-60.94%|
|3 Year Change||-44.13%|
|5 Year Change||n/a|
|Change since IPO||-53.19%|
Recent News & Updates
We Think Mayville Engineering Company (NYSE:MEC) Is Taking Some Risk With Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
|MEC||US Machinery||US Market|
Return vs Industry: MEC underperformed the US Machinery industry which returned -23.4% over the past year.
Return vs Market: MEC underperformed the US Market which returned -20.5% over the past year.
|MEC Average Weekly Movement||7.0%|
|Machinery Industry Average Movement||5.9%|
|Market Average Movement||8.0%|
|10% most volatile stocks in US Market||16.6%|
|10% least volatile stocks in US Market||3.1%|
Stable Share Price: MEC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MEC's weekly volatility (7%) has been stable over the past year.
About the Company
Mayville Engineering Company, Inc., together with its subsidiaries, operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets in the United States. The company provides a range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. It also supplies engineered components to original equipment manufacturers.
Mayville Engineering Company Fundamentals Summary
|MEC fundamental statistics|
Is MEC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MEC income statement (TTM)|
|Cost of Revenue||US$421.03m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.30|
|Net Profit Margin||-1.29%|
How did MEC perform over the long term?See historical performance and comparison
Is MEC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MEC?
Other financial metrics that can be useful for relative valuation.
|What is MEC's n/a Ratio?|
Price to Sales Ratio vs Peers
How does MEC's PS Ratio compare to its peers?
|MEC PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
Price-To-Sales vs Peers: MEC is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.7x).
Price to Earnings Ratio vs Industry
How does MEC's PE Ratio compare vs other companies in the U.S. Machinery Industry?
Price-To-Sales vs Industry: MEC is good value based on its Price-To-Sales Ratio (0.3x) compared to the US Machinery industry average (1.4x)
Price to Sales Ratio vs Fair Ratio
What is MEC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.3x|
|Fair PS Ratio||0.4x|
Price-To-Sales vs Fair Ratio: MEC is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).
Share Price vs Fair Value
What is the Fair Price of MEC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MEC ($7.71) is trading below our estimate of fair value ($52.57)
Significantly Below Fair Value: MEC is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MEC's PEG Ratio to determine if it is good value.
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How is Mayville Engineering Company forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MEC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: MEC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MEC is expected to become profitable in the next 3 years.
Revenue vs Market: MEC's revenue (6.2% per year) is forecast to grow slower than the US market (8.3% per year).
High Growth Revenue: MEC's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MEC's Return on Equity is forecast to be low in 3 years time (13.2%).
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How has Mayville Engineering Company performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MEC is currently unprofitable.
Growing Profit Margin: MEC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MEC is unprofitable, and losses have increased over the past 5 years at a rate of 42.5% per year.
Accelerating Growth: Unable to compare MEC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MEC is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (24%).
Return on Equity
High ROE: MEC has a negative Return on Equity (-3.04%), as it is currently unprofitable.
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How is Mayville Engineering Company's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: MEC's short term assets ($153.2M) exceed its short term liabilities ($88.8M).
Long Term Liabilities: MEC's short term assets ($153.2M) exceed its long term liabilities ($151.6M).
Debt to Equity History and Analysis
Debt Level: MEC's net debt to equity ratio (41%) is considered high.
Reducing Debt: Insufficient data to determine if MEC's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MEC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MEC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.6% each year
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What is Mayville Engineering Company current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MEC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MEC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MEC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MEC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MEC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bob Kamphuis (62 yo)
Mr. Robert D. Kamphuis, also known as Bob, is President and Chief Executive Officer of Mayville Engineering Company, Inc. since 2005 and its Chairman since January 2007. Mr. Kamphuis also serves as a board...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD3.92M) is above average for companies of similar size in the US market ($USD1.73M).
Compensation vs Earnings: Bob's compensation has increased whilst the company is unprofitable.
Experienced Management: MEC's management team is seasoned and experienced (6 years average tenure).
Experienced Board: MEC's board of directors are considered experienced (8.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mayville Engineering Company, Inc.'s employee growth, exchange listings and data sources
- Name: Mayville Engineering Company, Inc.
- Ticker: MEC
- Exchange: NYSE
- Founded: 1945
- Industry: Industrial Machinery
- Sector: Capital Goods
- Implied Market Cap: US$150.094m
- Shares outstanding: 20.53m
- Website: https://www.mecinc.com
Number of Employees
- Mayville Engineering Company, Inc.
- 715 South Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.