MEC Stock Price, Mayville Engineering Co Quote, Chart

Market Summary

USD13.58-0.24

Market Closed

-1.74%

MEC Alerts

1 major insider buys recently.

MEC Stock Price

View Fullscreen

MEC RSI Chart

MEC Valuation

Market Cap

276.6M

Price/Earnings (Trailing)

35.26

Price/Sales (Trailing)

0.47

EV/EBITDA

5.83

Price/Free Cashflow

11.64

MEC Price/Sales (Trailing)

MEC Profitability

Operating Margin

11.85%

EBT Margin

1.51%

Return on Equity

3.41%

Return on Assets

1.58%

Free Cashflow Yield

8.59%

MEC Fundamentals

MEC Revenue

Revenue (TTM)

588.4M

Rev. Growth (Yr)

15.6%

Rev. Growth (Qtr)

-6.09%

MEC Earnings

Earnings (TTM)

7.8M

Earnings Growth (Yr)

-6.45%

Earnings Growth (Qtr)

55.52%

Breaking Down MEC Revenue

Last 7 days

1.4%

Last 30 days

-2.8%

Last 90 days

-2.6%

Trailing 12 Months

21.8%

How does MEC drawdown profile look like?

MEC Financial Health

Current Ratio

1.88

MEC Investor Care

Shares Dilution (1Y)

0.95%

Diluted EPS (TTM)

0.38

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	545.8M	546.4M	568.4M	588.4M
2022	478.5M	496.6M	523.8M	539.4M
2021	361.6M	419.3M	437.2M	454.8M
2020	484.6M	402.0M	364.6M	357.6M
2019	411.0M	464.6M	508.8M	519.7M
2018	323.6M	333.9M	344.2M	354.5M
2017	0	0	0	313.3M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Mayville Engineering Co Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 16, 2024	mccormick robert l	acquired	-	-	9,721	-
Apr 16, 2024	carlson allen j	acquired	-	-	9,721	-
Apr 16, 2024	christen timothy l	acquired	-	-	11,666	-
Apr 16, 2024	rothman jay o.	acquired	-	-	9,721	-
Apr 16, 2024	kent jennifer j.	acquired	-	-	9,721	-
Apr 16, 2024	fisher steven l	acquired	-	-	9,721	-
Mar 15, 2024	reddy jagadeesh a	bought	20,046	12.85	1,560	president & ceo
Feb 28, 2024	raber ryan f	acquired	-	-	32,899	evp - strategy, sales & mktg
Feb 28, 2024	butz todd m	sold (taxes)	-113,859	11.97	-9,512	chief financial officer
Feb 28, 2024	lehr rachele marie	sold (taxes)	-33,911	11.97	-2,833	chief human resources officer

Which funds bought or sold MEC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	AMALGAMATED BANK	reduced	-63.42	-10,000	5,000	-%
Apr 23, 2024	Gradient Investments LLC	reduced	-1.12	-8,945	505,921	0.01%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	20,248	84,631	-%
Apr 19, 2024	Riverwater Partners LLC	reduced	-1.53	-12,314	562,309	0.41%
Apr 19, 2024	Mesirow Financial Investment Management, Inc.	reduced	-24.17	-67,873	303,037	1.51%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	reduced	-0.23	-324,050	37,523,900	0.06%
Apr 15, 2024	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	reduced	-16.53	-37,097	180,501	-%
Apr 15, 2024	Legato Capital Management LLC	unchanged	-	-972	154,778	0.02%
Apr 12, 2024	DELTA CAPITAL MANAGEMENT LLC	reduced	-50.00	-152,000	150,000	0.10%
Apr 10, 2024	Yarbrough Capital, LLC	unchanged	-	-2,418	384,990	0.02%

Are Funds Buying or Selling MEC?

Are funds buying MEC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MEC

No. of Funds

MEC Alerts

1 major insider buys recently.

Unveiling Mayville Engineering Co Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 12, 2024	allspring global investments holdings, llc	12.92%	2,624,687	SC 13G/A
Jan 13, 2023	allspring global investments holdings, llc	12.63%	2,547,901	SC 13G/A
Feb 14, 2022	prudential financial inc	4.06%	0	SC 13G/A
Feb 04, 2022	wellington management group llp	1.49%	304,998	SC 13G/A
Jan 18, 2022	allspring global investments holdings, llc	10.36%	2,117,352	SC 13G/A
Dec 09, 2021	allspring global investments holdings, llc	10.27%	2,099,460	SC 13G
Dec 08, 2021	wells fargo & company/mn	0.33%	66,629	SC 13G/A
Nov 10, 2021	wells fargo & company/mn	10.26%	2,101,392	SC 13G/A
Feb 11, 2021	wells fargo & company/mn	8.53%	1,710,399	SC 13G/A
Feb 09, 2021	prudential financial inc	5.03%	0	SC 13G

Recent SEC filings of Mayville Engineering Co Inc

View All Filings

Date Filed	Form Type	Document
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	8-K	Current Report
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading

Peers (Alternatives to Mayville Engineering Co Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	185.5B	67.1B	2.08%	66.19%	17.96	2.77	12.84%	54.12%
GE	174.3B	69.5B	-8.20%	61.78%	49.65	2.51	16.04%	-60.91%
CMI	41.5B	34.1B	1.63%	25.27%	49.39	1.22	21.34%	-61.52%
AME	41.2B	6.6B	-2.45%	31.17%	31.36	6.24	7.26%	13.25%
ACM	12.8B	14.9B	-1.92%	15.25%	206.83	0.86	12.31%	-81.65%
MID-CAP
APG	9.2B	6.9B	-3.15%	70.81%	59.86	1.32	5.64%	109.59%
FLR	6.9B	15.5B	-1.08%	39.69%	49.58	0.44	12.59%	-4.48%
FLS	6.1B	4.3B	2.61%	43.21%	32.84	1.42	19.51%	-1.03%
ACA	3.7B	2.3B	-8.62%	30.99%	23.46	1.62	2.90%	-35.23%
ALG	2.5B	1.7B	-5.66%	15.00%	18.02	1.45	11.63%	33.59%
SMALL-CAP
AMRC	1.1B	1.4B	8.23%	-51.08%	17.78	0.81	-24.65%	-34.19%
NKLA	828.1M	35.8M	-16.22%	-23.98%	-0.86	23.11	-27.93%	-23.21%
AGX	811.8M	573.3M	21.26%	53.51%	25.09	1.42	26.00%	-2.24%
AMSC	364.8M	135.4M	-10.08%	199.75%	-22.24	2.7	-25.90%	65.37%
ADES	245.0M	99.2M	11.50%	304.95%	-20	2.47	-3.69%	-37.37%

Mayville Engineering Co Inc News

Latest updates

Mayville Engineering Co Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-6.1%	148,582,500	158,217,000	138,980,000	142,645,000	128,527,000	136,276,000	138,337,000	136,252,000	112,975,000	109,018,000	120,213,000	112,620,000	95,344,000	91,075,000	62,582,000	108,605,000	102,331,000	128,511,000	145,130,000	143,732,000	91,431,000
Cost Of Revenue	-6.3%	130,371,500	139,197,000	122,885,000	126,268,000	115,801,500	120,812,000	120,079,000	121,370,000	103,565,500	98,109,000	103,933,000	97,844,000	84,267,000	81,340,000	63,736,000	96,762,000	98,297,000	113,941,000	124,595,000	124,153,000	81,035,000
EBITDA Margin	5.6%	0.08	0.08	0.08	0.09	0.09	0.05	0.04	0.03	0.03	0.07	0.07	0.05	-	-	-	-	-	-	-	-	-
Interest Expenses	-8.9%	3,559,000	3,907,000	1,968,000	1,658,000	1,217,500	830,000	765,000	567,000	441,000	526,000	504,000	532,000	558,000	647,000	637,000	826,000	918,000	987,000	1,991,000	2,832,000	1,274,000
Income Taxes	-177.9%	-431,500	554,000	475,000	441,000	-796,500	1,490,000	1,798,000	1,175,000	-4,002,000	63,000	1,007,000	989,000	-973,000	733,000	-2,525,000	691,000	-3,857,000	2,512,000	-3,513,000	769,000	-505,000
Earnings Before Taxes	-9.6%	1,795,500	1,986,000	2,089,000	3,012,000	1,584,000	8,086,000	7,727,000	4,997,000	-17,565,000	338,000	4,299,000	3,534,000	-2,000	-367,000	-9,539,000	741,000	-5,530,000	12,258,000	-18,797,000	3,228,000	85,000
EBT Margin	-1.1%	0.02	0.02	0.03	0.04	0.04	0.01	-0.01	-0.02	-0.02	0.02	0.02	-0.02	-	-	-	-	-	-	-	-	-
Net Income	55.5%	2,227,000	1,432,000	1,614,000	2,571,000	2,380,500	6,596,000	5,929,000	3,822,000	-13,563,000	275,000	3,292,000	2,545,000	971,000	-1,100,000	-7,014,000	50,000	-1,673,000	9,746,000	-15,284,000	2,459,000	590,000
Net Income Margin	-5.3%	0.01	0.01	0.02	0.03	0.03	0.01	-0.01	-0.01	-0.02	0.02	0.01	-0.01	-	-	-	-	-	-	-	-	-
Free Cashflow	23.8%	19,883,000	16,067,000	-3,734,000	-8,451,000	-691,000	5,174,000	2,737,000	-13,404,000	-11,057,000	-15,039,000	2,609,000	-1,365,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-5.4%	497	525	529	448	441	447	446	443	379	379	366	354	339	344	344	381	364	400	407	405	392
Current Assets	-14.7%	135	158	238	155	141	153	155	153	133	128	115	108	89.00	93.00	86.00	114	90.00	118	122	127	113
Cash Equivalents	-70.8%	1.00	2.00	90.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.00	0.00	0.00	0.00	0.00	3.00
Inventory	-7.5%	68.00	73.00	67.00	69.00	72.00	75.00	74.00	72.00	70.00	63.00	51.00	46.00	41.00	38.00	40.00	46.00	46.00	51.00	51.00	53.00	53.00
Net PPE	-1.3%	176	178	141	143	146	137	130	124	121	120	115	107	107	108	115	122	125	128	128	126	124
Goodwill	0%	93.00	93.00	21.00	72.00	72.00	72.00	72.00	72.00	72.00	72.00	72.00	72.00	72.00	72.00	72.00	72.00	72.00	71.00	72.00	71.00	69.00
Liabilities	-10.4%	267	298	303	225	223	232	236	240	181	167	155	147	138	145	145	176	163	198	216	300	289
Current Liabilities	-12.0%	72.00	81.00	79.00	96.00	102	111	111	89.00	77.00	72.00	71.00	61.00	53.00	45.00	31.00	46.00	48.00	63.00	89.00	87.00	83.00
Shareholder's Equity	1.3%	230	227	225	223	218	215	210	203	198	212	211	207	201	199	199	205	201	202	191	105	27.00
Retained Earnings	7.0%	34.00	32.00	30.00	29.00	26.00	24.00	17.00	11.00	8.00	21.00	21.00	18.00	15.00	14.00	15.00	22.00	22.00	24.00	14.00	29.00	27.00
Additional Paid-In Capital	0.3%	205	205	203	202	201	200	200	198	197	196	195	193	191	190	189	188	184	182	181	-	-
Shares Outstanding	-0.1%	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	247	-	-	-	151	-	-	-	396	-	-	-	153	-	-	-	272	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	36.3%	26,667	19,561	178	-6,043	19,111	17,631	16,109	-425	1,664	-5,437	14,036	4,194	17,232	16,180	478	2,633	16,978	9,965	7,959	-1,500	8,145
Share Based Compensation	-45.3%	730	1,335	1,354	1,066	905	140	1,457	1,257	1,191	1,183	1,388	1,200	1,013	978	1,159	1,582	-	-	-	-	-
Cashflow From Investing	92.9%	-6,478	-91,487	-3,912	-2,255	-19,596	-9,949	-8,503	-12,620	-12,721	-4,668	-11,317	-5,255	-2,340	-1,548	386	-2,272	-1,322	-7,787	-10,839	-8,142	-119,250
Cashflow From Financing	-37.3%	-21,822	-15,894	93,733	8,297	500	-7,675	-7,621	13,047	11,048	10,113	-2,724	1,064	-14,881	-14,642	-13,745	12,639	-15,656	-2,178	2,854	6,580	114,109
Buy Backs	-100.0%	-	1,000	1,000	661	-	2,624	-	2,323	1,500	-	-	-	-1.00	-	75.00	2,435	999	-	1,592	-	-4,000

MEC Income Statement

2023-12-31

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Consolidated Statements of Comprehensive Income (Loss)
Net sales	$ 588,425	$ 539,392	$ 454,826
Cost of sales	518,722	478,323	403,451
Amortization of intangible assets	7,742	6,952	10,706
Profit sharing, bonuses, and deferred compensation	11,588	7,997	11,500
Other selling, general and administrative expenses	30,182	24,692	20,409
Impairment of long-lived assets and (gain) loss on contracts		(4,346)	16,151
Income (loss) from operations	20,191	25,774	(7,391)
Interest expense	(11,092)	(3,380)	(2,003)
Loss on extinguishment of debt	(216)
Income (loss) before taxes	8,883	22,394	(9,394)
Income tax expense (benefit)	1,039	3,667	(1,943)
Net income (loss) and comprehensive income (loss)	$ 7,844	$ 18,727	$ (7,451)
Earnings (loss) per share:
Basic	$ 0.38	$ 0.92	$ (0.37)
Diluted	$ 0.38	$ 0.91	$ (0.36)
Weighted average shares outstanding:
Basic	20,415,157	20,399,737	20,404,543
Diluted	20,698,970	20,682,628	20,830,977

MEC Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 672	$ 127
Receivables, net of allowances for doubtful accounts of $685 at December 31, 2023 and $545 at December 31, 2022	57,445	58,001
Inventories, net	67,782	71,708
Tooling in progress	5,457	7,938
Prepaid expenses and other current assets	3,267	3,529
Total current assets	134,623	141,303
Property, plant and equipment, net	175,745	145,771
Assets held for sale		83
Goodwill	92,650	71,535
Intangible assets, net	58,667	43,809
Operating lease assets	32,233	36,073
Other long-term assets	2,743	2,007
Total assets	496,661	440,581
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	46,526	53,735
Current portion of operating lease obligation	5,064	4,857
Accrued liabilities:
Salaries, wages, and payroll taxes	6,368	7,288
Profit sharing and bonus	3,107	6,860
Current portion of deferred compensation	289	18,062
Other current liabilities	10,355	11,646
Total current liabilities	71,709	102,448
Bank revolving credit notes	147,493	72,236
Operating lease obligation, less current maturities	28,606	31,891
Deferred compensation, less current portion	3,816	3,132
Deferred income tax liability	12,606	11,818
Other long-term liabilities	2,453	1,189
Total liabilities	266,683	222,714
Commitments and contingencies (see Note 9)
Common shares, no par value, 75,000,000 authorized, 21,853,477 shares issued at December 31, 2023 and 21,645,193 at December 31, 2022	0	0
Additional paid-in-capital	205,373	200,945
Retained earnings	34,118	26,274
Treasury shares at cost, 1,542,893 shares at December 31, 2023 and 1,472,447 at December 31, 2022	(9,513)	(9,352)
Total shareholders' equity	229,978	217,867
Total	$ 496,661	$ 440,581

About Mayville Engineering Co Inc

Mayville Engineering Company, Inc., together with its subsidiaries, engages in the production, prototyping and tooling, fabrication, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers. The company serves heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets. Mayville Engineering Company, Inc. was founded in 1945 and is headquartered in Mayville, Wisconsin.

CEO	Mr. Jagadeesh A. Reddy
WEBSITE	mecinc.com
INDUSTRY	Apparel Manufacturing
EMPLOYEES	2300

Mayville Engineering Co Inc Frequently Asked Questions

What is the ticker symbol for Mayville Engineering Co Inc? What does MEC stand for in stocks?

MEC is the stock ticker symbol of Mayville Engineering Co Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Mayville Engineering Co Inc (MEC)?

As of Wed Apr 24 2024, market cap of Mayville Engineering Co Inc is 276.56 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MEC stock?

You can check MEC's fair value in chart for subscribers.

What is the fair value of MEC stock?

You can check MEC's fair value in chart for subscribers. The fair value of Mayville Engineering Co Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Mayville Engineering Co Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MEC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Mayville Engineering Co Inc a good stock to buy?

The fair value guage provides a quick view whether MEC is over valued or under valued. Whether Mayville Engineering Co Inc is cheap or expensive depends on the assumptions which impact Mayville Engineering Co Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MEC.

What is Mayville Engineering Co Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, MEC's PE ratio (Price to Earnings) is 35.26 and Price to Sales (PS) ratio is 0.47. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MEC PE ratio will change depending on the future growth rate expectations of investors.