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Industrials - Manufacturing - Metal Fabrication - NYSE - US
$ 16.81
-2.38 %
$ 347 M
Market Cap
28.49
P/E
1. INTRINSIC VALUE

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. The company was founded in 1945 and is headquartered in Mayville, Wisconsin.[ Read More ]

The intrinsic value of one MEC stock under the base case scenario is HIDDEN Compared to the current market price of 16.8 USD, Mayville Engineering Company, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart MEC

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FINANCIALS
588 M REVENUE
9.09%
20.2 M OPERATING INCOME
-21.66%
7.84 M NET INCOME
-58.11%
40.4 M OPERATING CASH FLOW
-23.01%
-104 M INVESTING CASH FLOW
-105.52%
64.3 M FINANCING CASH FLOW
3777.19%
135 M REVENUE
-17.26%
5.73 M OPERATING INCOME
-29.73%
2.97 M NET INCOME
-21.36%
17.9 M OPERATING CASH FLOW
-22.89%
-2.88 M INVESTING CASH FLOW
29.79%
-15.2 M FINANCING CASH FLOW
20.71%
Balance Sheet Decomposition Mayville Engineering Company, Inc.
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Current Assets 135 M
Cash & Short-Term Investments 672 K
Receivables 57.4 M
Other Current Assets 76.5 M
Non-Current Assets 362 M
Long-Term Investments 0
PP&E 208 M
Other Non-Current Assets 154 M
Current Liabilities 71.7 M
Accounts Payable 46.5 M
Short-Term Debt 5.87 M
Other Current Liabilities 19.3 M
Non-Current Liabilities 195 M
Long-Term Debt 177 M
Other Non-Current Liabilities 18.4 M
EFFICIENCY
Earnings Waterfall Mayville Engineering Company, Inc.
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Revenue 588 M
Cost Of Revenue 526 M
Gross Profit 62 M
Operating Expenses 49.5 M
Operating Income 20.2 M
Other Expenses 12.3 M
Net Income 7.84 M
RATIOS
10.53% GROSS MARGIN
10.53%
3.43% OPERATING MARGIN
3.43%
1.33% NET MARGIN
1.33%
3.41% ROE
3.41%
1.58% ROA
1.58%
4.71% ROIC
4.71%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Mayville Engineering Company, Inc.
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Net Income 7.84 M
Depreciation & Amortization 35.1 M
Capital Expenditures -16.6 M
Stock-Based Compensation 4.48 M
Change in Working Capital 5.24 M
Others -22.1 M
Free Cash Flow 23.8 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Mayville Engineering Company, Inc.
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Wall Street analysts predict an average 1-year price target for MEC of $24 , with forecasts ranging from a low of $24 to a high of $24 .
MEC Lowest Price Target Wall Street Target
24 USD 42.77%
MEC Average Price Target Wall Street Target
24 USD 42.77%
MEC Highest Price Target Wall Street Target
24 USD 42.77%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Mayville Engineering Company, Inc.
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Sold
0-3 MONTHS
412 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
159 K USD 4
0-3 MONTHS
0 USD 0
3-6 MONTHS
20 K USD 1
6-9 MONTHS
38.2 K USD 1
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 07, 2024
Bought 20.1 K USD
Butz Todd M
Chief Financial Officer
+ 1272
15.7853 USD
1 week ago
Nov 07, 2024
Bought 23.8 K USD
Lehr Rachele Marie
Chief Human Resources Officer
+ 1500
15.9 USD
1 week ago
Nov 07, 2024
Bought 16.1 K USD
Leuba Sean P
SVP, Corp. Development & GC
+ 1000
16.125 USD
1 week ago
Nov 07, 2024
Bought 98.7 K USD
Reddy Jagadeesh A
President & CEO
+ 5903
16.72 USD
2 months ago
Aug 23, 2024
Sell 412 K USD
Raber Ryan F
EVP - Strategy, Sales & Mktg
- 21508
19.15 USD
8 months ago
Mar 15, 2024
Bought 20 K USD
Reddy Jagadeesh A
President & CEO
+ 1560
12.85 USD
1 year ago
Nov 17, 2023
Bought 38.2 K USD
Fisher Steven L
Director
+ 3000
12.75 USD
1 year ago
Nov 03, 2023
Bought 62.2 K USD
Fisher Steven L
Director
+ 5000
12.45 USD
2 years ago
Nov 04, 2022
Bought 15.8 K USD
Reddy Jagadeesh A
President & CEO
+ 1600
9.8873 USD
2 years ago
Nov 04, 2022
Bought 114 K USD
Reddy Jagadeesh A
President & CEO
+ 12017
9.5088 USD
2 years ago
Nov 03, 2022
Bought 117 K USD
Reddy Jagadeesh A
President & CEO
+ 13454
8.6934 USD
2 years ago
Nov 04, 2022
Bought 15.8 K USD
Reddy Jagadeesh A
President & CEO
+ 1600
9.8873 USD
2 years ago
Nov 04, 2022
Bought 114 K USD
Reddy Jagadeesh A
President & CEO
+ 12017
9.5088 USD
2 years ago
Nov 03, 2022
Bought 117 K USD
Reddy Jagadeesh A
President & CEO
+ 13454
8.6934 USD
2 years ago
Aug 10, 2022
Bought 14.5 K USD
Butz Todd M
Chief Financial Officer
+ 2000
7.2496 USD
2 years ago
Mar 04, 2022
Bought 19.6 K USD
Christen Timothy L
director:
+ 2000
9.8 USD
3 years ago
Nov 04, 2021
Bought 170 K USD
Michels Patrick D
Director
+ 10000
17.05 USD
3 years ago
May 06, 2021
Bought 163 K USD
Kamphuis Robert D
Chairman, Pres. & CEO
+ 10000
16.3158 USD
4 years ago
Sep 11, 2020
Sell 36.8 K USD
Johnson Craig E
Director
- 4000
9.2001 USD
4 years ago
Sep 14, 2020
Sell 34.5 K USD
Johnson Craig E
Director
- 3768
9.1502 USD
4 years ago
Sep 14, 2020
Sell 1.86 K USD
Johnson Craig E
Director
- 200
9.3249 USD
4 years ago
Sep 15, 2020
Sell 16.4 K USD
Johnson Craig E
Director
- 1800
9.0861 USD
4 years ago
Sep 15, 2020
Sell 2.17 K USD
Johnson Craig E
Director
- 232
9.3694 USD
4 years ago
Mar 16, 2020
Sell 65.9 K USD
Welak Eric J
EVP - Fabrication
- 11866.967
5.5517 USD
4 years ago
Mar 16, 2020
Sell 65.9 K USD
Welak Eric J
EVP - Fabrication
- 11866.967
5.5517 USD
4 years ago
Mar 12, 2020
Bought 165 K USD
Kamphuis Robert D
Chairman, Pres. & CEO
+ 30000
5.5 USD
4 years ago
Mar 13, 2020
Bought 10.6 K USD
St. Peter John A
Director
+ 2000
5.2756 USD
4 years ago
Mar 12, 2020
Bought 115 K USD
Christen Timothy L
Director
+ 25000
4.582 USD
4 years ago
Mar 11, 2020
Bought 60.2 K USD
Johnson Craig E
Director
+ 10000
6.0198 USD
4 years ago
Mar 12, 2020
Bought 21.1 K USD
Butz Todd M
Chief Financial Officer
+ 5000
4.2261 USD
4 years ago
Mar 10, 2020
Bought 63.1 K USD
Christen Timothy L
Director
+ 10000
6.3097 USD
4 years ago
Mar 02, 2020
Bought 59.2 K USD
Christen Timothy L
Director
+ 8000
7.3979 USD
4 years ago
Mar 02, 2020
Bought 37.3 K USD
CARLSON ALLEN J
Director
+ 5000
7.469 USD
5 years ago
Nov 04, 2019
Bought 103 K USD
Rothman Jay O.
Director
+ 10000
10.325 USD
5 years ago
Oct 31, 2019
Bought 21.2 K USD
Raber Ryan F
EVP - Sales & Marketing
+ 2500
8.5 USD
5 years ago
Oct 30, 2019
Bought 176 K USD
Kamphuis Robert D
Chairman, Pres. & CEO
+ 20000
8.79 USD
5 years ago
Oct 30, 2019
Bought 87.5 K USD
Butz Todd M
Chief Financial Officer
+ 10000
8.7531 USD
5 years ago
Oct 30, 2019
Bought 112 K USD
Christen Timothy L
Director
+ 12500
8.9438 USD
5 years ago
Aug 13, 2019
Bought 90.1 K USD
Fisher Steven L
Director
+ 7500
12.0174 USD
5 years ago
Aug 08, 2019
Bought 181 K USD
Kamphuis Robert D
Chairman, Pres. & CEO
+ 15000
12.0898 USD
5 years ago
Jun 13, 2019
Bought 5.04 K USD
Sanderson Clifford O
Vice President - HR
+ 350
14.41 USD
5 years ago
Jun 13, 2019
Bought 21.4 K USD
Sanderson Clifford O
Vice President - HR
+ 1500
14.25 USD
5 years ago
May 13, 2019
Bought 2.55 K USD
Sanderson Clifford O
Vice President - HR
+ 150
17 USD
5 years ago
Jun 12, 2019
Bought 96.9 K USD
Christen Timothy L
Director
+ 7500
12.92 USD
5 years ago
Jun 12, 2019
Bought 58.3 K USD
Butz Todd M
Chief Financial Officer
+ 4421
13.1882 USD
5 years ago
Jun 12, 2019
Bought 5.87 K USD
Butz Todd M
Chief Financial Officer
+ 453
12.95 USD
5 years ago
Jun 12, 2019
Bought 7.55 K USD
Butz Todd M
Chief Financial Officer
+ 600
12.5891 USD
5 years ago
Jun 13, 2019
Bought 34.8 K USD
Kamphuis Robert D
Chairman, Pres. & CEO
+ 2397
14.5259 USD
5 years ago
Jun 12, 2019
Bought 413 K USD
Kamphuis Robert D
Chairman, Pres. & CEO
+ 32063
12.8909 USD
5 years ago
May 13, 2019
Bought 8.5 K USD
St. Peter John A
Director
+ 500
17 USD
5 years ago
May 13, 2019
Bought 85 K USD
Rothman Jay O.
Director
+ 5000
17 USD
5 years ago
May 13, 2019
Bought 425 K USD
Michels Patrick D
Director
+ 25000
17 USD
5 years ago
May 13, 2019
Bought 85 K USD
Christen Timothy L
Director
+ 5000
17 USD
5 years ago
May 13, 2019
Bought 85 K USD
CARLSON ALLEN J
Director
+ 5000
17 USD
7. News
End-Use Applications Rising for Uranium as Market Expected to Reach $1.81 Billion in 2028 PALM BEACH, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The uranium ore market is expected to continue substantial growth over the next several years. A report from the Business Research Company said: “The uranium ore market size has grown strongly in recent years. It will grow from $1.11 billion in 2023 to $1.21 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. It continued: “The uranium ore market size is expected to see strongly grown in the next few years. It will grow to $1.81 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to government policies and incentives, focus on carbon emission reduction, geopolitical stability, exploration and discovery of new uranium deposits, public perception and social acceptance. Major trends in the forecast period include advancements in nuclear technology, development of in-situ recovery (ISR) technology, focus on uranium enrichment technologies, increased scrutiny on environmental and social impact, and diversification of uranium end-use applications. The growth in the historic period can be attributed to the nuclear power plant construction boom, the cold war and military demand, the Chernobyl and three-mile island incidents, global economic trends, and changes in the regulatory environment.”   Active mining/energy companies in the markets this week include: Mustang Energy Corp. (OTCQB: MECPF) (CSE: MEC), Denison Mines Corp. (NYSE American: DNN) (TSX: DML), Uranium Energy Corp (NYSE American: UEC), ATHA Energy Corp. (OTCQB: SASKF) (CSE: SASK), Centrus Energy Corp. (NYSE American: LEU). globenewswire.com - 3 days ago
Mayville Engineering Company, Inc. (MEC) Q3 2024 Earnings Call Transcript Mayville Engineering Company, Inc. (NYSE:MEC ) Q3 2024 Results Conference Call November 6, 2024 10:00 AM ET Company Participants Stefan Neely - Vallum Advisors, IR Jag Reddy - President and CEO Todd Butz - Chief Financial Officer Conference Call Participants Mig Dobre - Baird Ted Jackson - Northland Securities Natalia Bak - Citi Operator Good morning. Thank you for attending the Mayville Engineering Company Third Quarter 2024 Earnings Conference Call. seekingalpha.com - 1 week ago
Mayville Engineering (MEC) Q3 Earnings and Revenues Lag Estimates Mayville Engineering (MEC) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.21 per share a year ago. zacks.com - 1 week ago
Mayville Engineering Company Announces Third Quarter 2024 Results MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end markets, today announced results for the three-months ended September 30, 2024. THIRD QUARTER 2024 RESULTS (All comparisons versus the prior-year period) Net sales of $135.4 million, a decrease of 14.4% Net income of $3.0 million, or $0.14 per diluted share, an increase of $1.6 million, or $0.07 per d. businesswire.com - 1 week ago
Mayville Engineering (MEC) Surges 6.0%: Is This an Indication of Further Gains? Mayville Engineering (MEC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. zacks.com - 1 month ago
Mayville Engineering Company to Attend D.A. Davidson 23rd Annual Diversified Industrials and Services Conference MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading Tier I value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that President and Chief Executive Officer Jag Reddy and Chief Financial Officer Todd Butz will participate in the D.A. Davidson 23rd Annual Diversified Industrials and Services Conference on September 18 - 20, 2024 in Nashville, Tennessee. In conjunction with the confe. businesswire.com - 2 months ago
After Surging, Mayville Engineering Company Deserves More Upside Mayville Engineering Company has done incredibly well over the past few months, significantly outperforming the S&P 500. Revenue and profitability metrics have significantly improved, with net income nearly doubling and operating cash flow turning positive. Management forecasts strong growth, with revenue expected to reach $750-850 million by 2026, justifying a 'strong buy' rating. seekingalpha.com - 2 months ago
Mayville Engineering Company Announces Second Quarter 2024 Results MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end markets, today announced results for the three-months ended June 30, 2024. SECOND QUARTER 2024 RESULTS (All comparisons versus the prior-year period) Net sales of $163.6 million, or +17.7%, including organic growth of 6.9% Net income of $3.8 million, or $0.18 per diluted share, an increase of $2.2 mil. businesswire.com - 3 months ago
Mayville Engineering (MEC) Soars 5.3%: Is Further Upside Left in the Stock? Mayville Engineering (MEC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. zacks.com - 4 months ago
Should Value Investors Buy Mayville Engineering (MEC) Stock? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. zacks.com - 5 months ago
Mayville Engineering Company Named #1 Fabricator in U.S. For 14th Consecutive Year MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end markets, has been named as the nation's largest fabricator by the Fabricator Magazine for the fourteenth consecutive year. “We are honored to be named the #1 domestic fabricator for the fourteenth consecutive year,” said Jag Reddy, President & CEO. “This recognition reflects our continued focus on. businesswire.com - 5 months ago
Small-Cap Sensations: 3 Overlooked Stocks With Gigantic Potential Some believe that the Street always values companies more or less correctly and is never completely wrong about companies' outlooks. But history shows this concept is completely incorrect. investorplace.com - 5 months ago
8. Profile Summary

Mayville Engineering Company, Inc. MEC

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COUNTRY US
INDUSTRY Manufacturing - Metal Fabrication
MARKET CAP $ 347 M
Dividend Yield 0.00%
Description 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. The company was founded in 1945 and is headquartered in Mayville, Wisconsin.
Contact 715 South Street, Mayville, WI, 53050 https://www.mecinc.com
IPO Date May 9, 2019
Employees 2500
Officers Mr. Jagadeesh A. Reddy President, Chief Executive Officer & Director Ms. Rachele Marie Lehr Chief Human Resources Officer Mr. Ryan F. Raber Executive Vice President of Strategy, Sales & Marketing Mr. Sean P. Leuba Senior Vice President of Corporate Development & General Counsel