Mayville Engineering Company, Inc. (MEC)

NYSE: MEC · IEX Real-Time Price · USD
14.33
+0.23 (1.63%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Total Valuation

MEC has a market cap or net worth of $287.15 million. The enterprise value is $467.64 million.

Market Cap 287.15M
Enterprise Value 467.64M

Important Dates

The last earnings date was Tuesday, February 28, 2023, after market close.

Earnings Date Feb 28, 2023
Ex-Dividend Date n/a

Share Statistics

MEC has 20.36 million shares outstanding. The number of shares has increased by 0.08% in one year.

Shares Outstanding 20.36M
Shares Change (YoY) +0.08%
Shares Change (QoQ) +1.16%
Owned by Insiders (%) 4.24%
Owned by Institutions (%) 66.40%
Float 11.90M

Valuation Ratios

The trailing PE ratio is 37.71 and the forward PE ratio is 17.22.

PE Ratio 37.71
Forward PE 17.22
PS Ratio 0.49
Forward PS 0.45
PB Ratio 1.25
P/FCF Ratio 11.57
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 7.94, with an EV/FCF ratio of 18.84.

EV / Earnings 59.62
EV / Sales 0.79
EV / EBITDA 7.94
EV / EBIT 23.41
EV / FCF 18.84

Financial Position

The company has a current ratio of 1.88, with a Debt / Equity ratio of 0.79.

Current Ratio 1.88
Quick Ratio 0.81
Debt / Equity 0.79
Debt / EBITDA 3.08
Debt / FCF 7.30
Interest Coverage 1.80

Financial Efficiency

Return on equity (ROE) is 3.50% and return on invested capital (ROIC) is 4.34%.

Return on Equity (ROE) 3.50%
Return on Assets (ROA) 1.60%
Return on Capital (ROIC) 4.34%
Revenue Per Employee $235,370
Profits Per Employee $3,138
Employee Count 2,500
Asset Turnover 1.18
Inventory Turnover 6.79

Taxes

In the past 12 months, MEC has paid $1.04 million in taxes.

Income Tax 1.04M
Effective Tax Rate 11.70%

Stock Price Statistics

The stock price has increased by +4.75% in the last 52 weeks. The beta is 0.81, so MEC's price volatility has been lower than the market average.

Beta (1Y) 0.81
52-Week Price Change +4.75%
50-Day Moving Average 12.96
200-Day Moving Average 12.43
Relative Strength Index (RSI) 64.95
Average Volume (30 Days) 43,111

Short Selling Information

The latest short interest is 303,099, so 1.49% of the outstanding shares have been sold short.

Short Interest 303,099
Short Previous Month 323,648
Short % of Shares Out 1.49%
Short % of Float 2.55%
Short Ratio (days to cover) 6.67

Income Statement

In the last 12 months, MEC had revenue of $588.43 million and earned $7.84 million in profits. Earnings per share was $0.38.

Revenue 588.43M
Gross Profit 69.70M
Operating Income 20.19M
Pretax Income 8.88M
Net Income 7.84M
EBITDA 58.90M
EBIT 19.98M
Earnings Per Share (EPS) $0.38
Full Income Statement

Balance Sheet

The company has $672,000 in cash and $181.16 million in debt, giving a net cash position of -$180.49 million or -$8.86 per share.

Cash & Cash Equivalents 672,000
Total Debt 181.16M
Net Cash -180.49M
Net Cash Per Share -$8.86
Equity / Book Value 229.98M
Book Value Per Share 11.29
Working Capital 62.91M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $40.36 million and capital expenditures -$15.54 million, giving a free cash flow of $24.82 million.

Operating Cash Flow 40.36M
Capital Expenditures -15.54M
Free Cash Flow 24.82M
FCF Per Share $1.22
Full Cash Flow Statement

Margins

Gross margin is 11.85%, with operating and profit margins of 3.43% and 1.33%.

Gross Margin 11.85%
Operating Margin 3.43%
Pretax Margin 1.51%
Profit Margin 1.33%
EBITDA Margin 10.01%
EBIT Margin 3.39%
FCF Margin 4.22%

Dividends & Yields

MEC does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -0.08%
Shareholder Yield -0.08%
Earnings Yield 2.73%
FCF Yield 8.65%

Analyst Forecast

The average price target for MEC is $18.25, which is 27.36% higher than the current price. The consensus rating is "Strong Buy".

Price Target $18.25
Price Target Difference 27.36%
Analyst Consensus Strong Buy
Analyst Count 4
Revenue Growth Forecast (5Y) 4.29%
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

MEC has an Altman Z-Score of 2.21 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.21
Piotroski F-Score 6