Stock MEC MAYVILLE ENGINEERING COMPANY, INC.
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Financials Mayville Engineering Company, Inc.

Equities

MEC

US5786051079

Auto, Truck & Motorcycle Parts

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
14.06 USD +2.70% Intraday chart for Mayville Engineering Company, Inc. +1.30% -2.50%
Mar. 06 Transcript : Mayville Engineering Company, Inc., Q4 2023 Earnings Call, Mar 06, 2024
Mar. 05 Mayville Engineering Company, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 185.2 269.2 304.7 255.4 292.8 286.3 - -
Enterprise Value (EV) 1 261 317 304.7 255.4 292.8 400.3 357.3 286.3
P/E ratio -34.7 x -37.3 x -40.3 x 13.9 x 37.9 x 20.3 x 10.9 x 9.97 x
Yield - - - - - - - -
Capitalization / Revenue 0.36 x 0.75 x 0.67 x 0.47 x 0.5 x 0.45 x 0.43 x 0.42 x
EV / Revenue 0.5 x 0.89 x 0.67 x 0.47 x 0.5 x 0.63 x 0.53 x 0.42 x
EV / EBITDA 4.92 x 11.3 x 6.59 x 4.2 x 4.43 x 5.36 x 4.19 x 3.31 x
EV / FCF 34.3 x 11 x -12.3 x -41.3 x 12.3 x 10.5 x 8.66 x 5.86 x
FCF Yield 2.91% 9.06% -8.16% -2.42% 8.12% 9.57% 11.5% 17.1%
Price to Book 0.81 x 1.34 x - - - 1.18 x 1.07 x 0.96 x
Nbr of stocks (in thousands) 19,740 20,059 20,437 20,173 20,308 20,365 - -
Reference price 2 9.380 13.42 14.91 12.66 14.42 14.06 14.06 14.06
Announcement Date 2/26/20 3/2/21 3/1/22 2/28/23 3/5/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 519.7 357.6 454.8 539.4 588.4 631.1 668.1 681.7
EBITDA 1 53.08 28.12 46.2 60.78 66.05 74.69 85.3 86.58
EBIT 1 20.08 -6.498 9.46 27.71 30.97 33.64 45.08 47.49
Operating Margin 3.86% -1.82% 2.08% 5.14% 5.26% 5.33% 6.75% 6.97%
Earnings before Tax (EBT) 1 -8.84 -9.166 -9.394 22.39 8.883 18.8 35.82 40.56
Net income 1 -4.753 -7.092 -7.451 18.73 7.844 14.34 26.83 29.61
Net margin -0.91% -1.98% -1.64% 3.47% 1.33% 2.27% 4.02% 4.34%
EPS 2 -0.2700 -0.3600 -0.3700 0.9100 0.3800 0.6933 1.293 1.410
Free Cash Flow 1 7.605 28.73 -24.85 -6.184 23.76 38.29 41.27 48.83
FCF margin 1.46% 8.03% -5.46% -1.15% 4.04% 6.07% 6.18% 7.16%
FCF Conversion (EBITDA) 14.33% 102.18% - - 35.98% 51.27% 48.38% 56.4%
FCF Conversion (Net income) - - - - 302.97% 267.02% 153.81% 164.92%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/26/20 3/2/21 3/1/22 2/28/23 3/5/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 109 113 136.3 138.3 136.3 128.5 142.6 139 158.2 148.6 160.2 161.3 158 151.7 169.7
EBITDA 1 10.01 9.151 14.77 18.18 16.15 11.55 13.84 15.3 19.21 17.7 17.89 18.64 19.24 18.9 21.25
EBIT 1 0.864 -0.274 6.308 9.475 8.902 2.892 4.894 4.273 5.893 8.121 7.462 8.496 9.495 9.199 12.2
Operating Margin 0.79% -0.24% 4.63% 6.85% 6.53% 2.25% 3.43% 3.07% 3.72% 5.47% 4.66% 5.27% 6.01% 6.07% 7.19%
Earnings before Tax (EBT) 1 0.338 -17.56 4.997 7.727 8.086 1.584 3.012 2.089 1.986 1.795 2.9 4.2 5.9 5.8 -
Net income 1 0.275 -13.56 3.822 5.929 6.596 2.381 2.571 1.614 1.432 2.227 3 3.4 4.05 4.15 6.5
Net margin 0.25% -12.01% 2.81% 4.29% 4.84% 1.85% 1.8% 1.16% 0.91% 1.5% 1.87% 2.11% 2.56% 2.74% 3.83%
EPS 2 0.0100 -0.6600 0.1900 0.2900 0.3200 0.1200 0.1200 0.0800 0.0700 0.1100 0.1450 0.1600 0.1950 0.2000 0.3200
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/2/21 3/1/22 5/3/22 8/2/22 11/1/22 2/28/23 5/2/23 8/1/23 10/31/23 3/5/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 75.9 47.8 - - - 114 71 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.429 x 1.701 x - - - 1.526 x 0.8323 x -
Free Cash Flow 1 7.61 28.7 -24.9 -6.18 23.8 38.3 41.3 48.8
ROE (net income / shareholders' equity) -3.13% -2.56% -3.73% 11.3% - 9.73% 9.57% 10.3%
ROA (Net income/ Total Assets) - -1.46% -2.08% 5.73% - 6.3% - -
Assets 1 - 484.5 359 326.9 - 227.6 - -
Book Value Per Share 2 11.50 10.00 - - - 11.90 13.10 14.60
Cash Flow per Share - - - - - - - -
Capex 1 25.8 7.79 39.3 58.6 16.6 19 20.3 19
Capex / Sales 4.96% 2.18% 8.64% 10.87% 2.82% 3.01% 3.04% 2.79%
Announcement Date 2/26/20 3/2/21 3/1/22 2/28/23 3/5/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Mayville Engineering Company, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
D
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
14.06 USD
Average target price
18.75 USD
Spread / Average Target
+33.36%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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