Mayville Engineering Company, Inc.

NYSE:MEC Stock Report

Market Cap: US$320.2m

Mayville Engineering Company Valuation

Is MEC 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 MEC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$2.81
Fair Value
451.7% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: MEC ($15.51) is trading above our estimate of fair value ($2.81)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MEC. This is calculated by dividing MEC's market cap by their current earnings.
What is MEC's PE Ratio?
PE Ratio26.2x
EarningsUS$12.22m
Market CapUS$320.19m

Price to Earnings Ratio vs Peers

How does MEC's PE Ratio compare to its peers?

The above table shows the PE ratio for MEC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.8x
PKOH Park-Ohio Holdings
7.8x10.9%US$339.9m
FSTR L.B. Foster
7x-33.1%US$297.8m
GHM Graham
44.6x30.6%US$409.0m
GENC Gencor Industries
12xn/aUS$195.2m
MEC Mayville Engineering Company
26.2x7.5%US$320.2m

Price-To-Earnings vs Peers: MEC is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the peer average (17.8x).

Price to Earnings Ratio vs Industry

How does MEC's PE Ratio compare vs other companies in the US Machinery Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AIRJ AirJoule Technologies
2xn/aUS$444.51m
CVGI Commercial Vehicle Group
2.4x-37.8%US$66.64m
FATH Fathom Digital Manufacturing
2.6xn/aUS$35.24m
ZEVY Lightning eMotors
n/an/aUS$6.00
No more companies available in this PE range
MEC 26.2xIndustry Avg. 23.8xNo. of Companies13PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MEC is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the US Machinery industry average (23.8x).

Price to Earnings Ratio vs Fair Ratio

What is MEC'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.

MEC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.2x
Fair PE Ratio14.9x

Price-To-Earnings vs Fair Ratio: MEC is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the estimated Fair Price-To-Earnings Ratio (14.9x).

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 MEC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$15.51
US$21.00
+35.4%
4.8%US$22.00US$20.00n/a2
Feb ’26US$15.85
US$21.00
+32.5%
4.8%US$22.00US$20.00n/a2
Jan ’26US$15.72
US$21.00
+33.6%
4.8%US$22.00US$20.00n/a2
Dec ’25US$16.85
US$19.67
+16.7%
10.4%US$22.00US$17.00n/a3
Nov ’25US$21.49
US$24.67
+14.8%
22.5%US$30.00US$17.00n/a3
Oct ’25US$21.03
US$23.67
+12.5%
22.4%US$30.00US$17.00n/a3
Sep ’25US$19.31
US$23.67
+22.6%
22.4%US$30.00US$17.00n/a3
Aug ’25US$18.83
US$22.50
+19.5%
22.3%US$30.00US$17.00n/a4
Jul ’25US$16.17
US$22.00
+36.1%
25.5%US$30.00US$15.00n/a4
Jun ’25US$16.02
US$19.50
+21.7%
16.4%US$24.00US$15.00n/a4
May ’25US$13.46
US$18.75
+39.3%
13.8%US$22.00US$15.00n/a4
Apr ’25US$14.01
US$18.50
+32.0%
14.6%US$22.00US$15.00n/a4
Mar ’25US$12.47
US$17.75
+42.3%
10.8%US$20.00US$15.00n/a4
Feb ’25US$12.85
US$17.75
+38.1%
10.8%US$20.00US$15.00US$15.854
Jan ’25US$14.42
US$17.75
+23.1%
10.8%US$20.00US$15.00US$15.724
Dec ’24US$12.83
US$17.75
+38.3%
10.8%US$20.00US$15.00US$16.854
Nov ’24US$11.76
US$17.75
+50.9%
10.8%US$20.00US$15.00US$21.494
Oct ’24US$10.97
US$18.75
+70.9%
16.2%US$23.00US$15.00US$21.034
Sep ’24US$12.19
US$18.75
+53.8%
16.2%US$23.00US$15.00US$19.314
Aug ’24US$12.17
US$18.50
+52.0%
14.6%US$22.00US$15.00US$18.834
Jul ’24US$12.46
US$18.50
+48.5%
14.6%US$22.00US$15.00US$16.174
Jun ’24US$11.72
US$18.00
+53.6%
15.2%US$21.00US$14.00US$16.024
May ’24US$11.99
US$18.67
+55.7%
13.4%US$22.00US$16.00US$13.463
Feb ’24US$14.76
US$17.33
+17.4%
9.8%US$19.00US$15.00US$12.853
Analyst Price Target
Consensus Narrative from 2 Analysts
US$21.00
Fair Value
26.1% 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 Analysis2025/02/16 10:01
End of Day Share Price 2025/02/14 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.

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 Github.

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