MEC

Mayville Engineering Company Inc

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Advanced Chart

16.100

+0.34(2.157%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

16.130

Open

16.000

VWAP

15.98

Vol

57.18K

Mkt Cap

329.42M

Low

15.630

Amount

913.50K

EV/EBITDA(TTM)

8.03

Total Shares

20.53M

408.05M

EV/OCF(TTM)

4.66

P/S(TTM)

0.61

Mayville Engineering Company, Inc. is a vertically integrated, value-added manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, agriculture, military and other end markets. Its capabilities include metal fabrication, metal stamping, aluminum extrusion and fabrication, tube bending and forming, robotic part forming, robotic welding, resistance welding, five-axis tube and fiber laser cutting and custom coatings, including high heat and chemical agent-resistant coating painting, are used in a variety of applications. It serves its customers through 25 strategically located United States facilities, across seven states with over 3.2 million square feet of manufacturing capacity.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

160.17M

+32.04%

0.208

-397.61%

161.20M

+19.06%

0.231

+10.08%

137.98M

-15.68%

0.060

-77.02%

Estimates Revision

The market is revising Upward the revenue expectations for Mayville Engineering Company, Inc. (MEC) for FY2025, with the revenue forecasts being adjusted by 4.2% over the past three months. During the same period, the stock price has changed by 31.97%.

Revenue Estimates for FY2025

Revise Upward

+4.2%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+51.93%

In Past 3 Month

Stock Price

Go Up

+31.97%

In Past 3 Month

4 Analyst Rating

24.22% Upside

Wall Street analysts forecast MEC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MEC is 20.00 USD with a low forecast of 17.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

1 Hold

0 Sell

Strong Buy

24.22% Upside

Current: 16.100

Low

17.00

Averages

20.00

High

23.00

24.22% Upside

Current: 16.100

Low

17.00

Averages

20.00

High

23.00

Citi

Andrew Kaplowitz

Buy

upgrade

$17 -> $21

2025-07-14

Reason

Citi

Andrew Kaplowitz

Price Target

$17 -> $21

2025-07-14

upgrade

Buy

Reason

Citi analyst Andrew Kaplowitz raised the firm's price target on Mayville Engineering to $21 from $17 and keeps a Buy rating on the shares. The firm adjusted targets in the industrial conglomerate group as part of a Q2 earnings preview. It expects most in the sector to report solid results and slightly increase 2025 earnings outlooks.

DA Davidson

NULL -> Buy

initiated

$23

2025-06-18

Reason

DA Davidson

Price Target

$23

2025-06-18

initiated

NULL -> Buy

Reason

DA Davidson initiated coverage of Mayville Engineering with a Buy rating and $23 price target. The company has established itself as the clear leader in its industry of Truck and Machinery components production, and its recent M&A is only extending this lead, the analyst tells investors in a research note. The recent implementation of a new business system further support Mayville's higher margin profile through the cycle, the firm added.

Citigroup

Andrew Kaplowitz

Strong Buy

Maintains

$18 → $16

2025-04-14

Reason

Citigroup

Andrew Kaplowitz

Price Target

$18 → $16

2025-04-14

Maintains

Strong Buy

Reason

Citigroup

Andrew Kaplowitz

Strong Buy

Maintains

$22 → $18

2025-03-06

Reason

Citigroup

Andrew Kaplowitz

Price Target

$22 → $18

2025-03-06

Maintains

Strong Buy

Reason

Citi analyst Andrew Kaplowitz lowered the firm's price target on Mayville Engineering to $18 from $22 and keeps a Buy rating on the shares post the Q4 report. The results came below expectations due to softness in demand and inventory destocking across key end-markets, pressuring margins, the analyst tells investors in a research note. Citi thinks Mayville's proactive cost measures should help offset near-term softness until a recovery in end market demand.

Northland Capital Markets

Ted Jackson

Buy

Hold

Downgrades

$30 → $20

2024-11-07

Reason

Northland Capital Markets

Ted Jackson

Price Target

$30 → $20

2024-11-07

Downgrades

Buy

Hold

Reason

Northland Capital Markets

Ted Jackson

Buy

Reiterates

$30

2024-10-08

Reason

Northland Capital Markets

Ted Jackson

Price Target

$30

2024-10-08

Reiterates

Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Mayville Engineering Company Inc (MEC.N) is 22.03, compared to its 5-year average forward P/E of 20.23. For a more detailed relative valuation and DCF analysis to assess Mayville Engineering Company Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

20.23

Current PE

22.03

Overvalued PE

34.11

Undervalued PE

6.36

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

6.07

Current EV/EBITDA

5.96

Overvalued EV/EBITDA

7.40

Undervalued EV/EBITDA

4.75

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

0.49

Current PS

0.51

Overvalued PS

0.62

Undervalued PS

0.36