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Mayville Engineering Co Inc (MEC)



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Upturn Advisory Summary
06/30/2025: MEC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $21.75
1 Year Target Price $21.75
2 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -0.9% | Avg. Invested days 55 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 331.26M USD | Price to earnings Ratio 14.99 | 1Y Target Price 21.75 |
Price to earnings Ratio 14.99 | 1Y Target Price 21.75 | ||
Volume (30-day avg) 3 | Beta 1.16 | 52 Weeks Range 11.72 - 23.02 | Updated Date 06/30/2025 |
52 Weeks Range 11.72 - 23.02 | Updated Date 06/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.08 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 4.09% | Operating Margin (TTM) 1.16% |
Management Effectiveness
Return on Assets (TTM) 1.93% | Return on Equity (TTM) 9.4% |
Valuation
Trailing PE 14.99 | Forward PE 22.08 | Enterprise Value 437585091 | Price to Sales(TTM) 0.6 |
Enterprise Value 437585091 | Price to Sales(TTM) 0.6 | ||
Enterprise Value to Revenue 0.79 | Enterprise Value to EBITDA 5.73 | Shares Outstanding 20461000 | Shares Floating 14061434 |
Shares Outstanding 20461000 | Shares Floating 14061434 | ||
Percent Insiders 31.1 | Percent Institutions 62.33 |
Analyst Ratings
Rating 2 | Target Price 21.75 | Buy - | Strong Buy 2 |
Buy - | Strong Buy 2 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Mayville Engineering Co Inc

Company Overview
History and Background
Mayville Engineering Company, Inc. (MEC) was founded in 1945. It has grown through acquisitions and organic expansion to become a leading contract manufacturer providing a wide range of manufacturing services.
Core Business Areas
- Fabrication: This segment provides metal fabrication services, including laser cutting, forming, welding, and machining.
- Powder Coating: MEC offers powder coating services to provide a durable and aesthetically pleasing finish to metal products.
- Assembly and Integration: MEC provides assembly and integration services, combining fabricated components into finished products.
Leadership and Structure
Jaguar Growth Partners is a substantial owner. Robert D. Kamphuis is the Chairman, President, and CEO. The company has a typical corporate structure with various vice presidents overseeing different functional areas.
Top Products and Market Share
Key Offerings
- Complex Fabrications: MEC produces complex metal fabrications for diverse industries. Market share data is not readily available. Competitors include other contract manufacturers like Methode Electronics(MEI), and private companies such as BTD Manufacturing.
- Prototype and Low-Volume Production: MEC offers prototype and low-volume production runs. Market share data is difficult to obtain as its spread over multiple markets. Competitors include Proto Labs(PRLB), and private rapid prototyping firms.
- Value-Added Services: Powder coating, machining, and supply chain management help retain clients. Competitors include private companies.
Market Dynamics
Industry Overview
The contract manufacturing industry is driven by demand for outsourcing of manufacturing processes, particularly from OEMs looking to reduce costs and increase flexibility.
Positioning
MEC is positioned as a leading contract manufacturer with a broad range of capabilities, serving diverse end markets. Competitive advantages include its scale, expertise, and integrated service offerings.
Total Addressable Market (TAM)
The total addressable market for contract manufacturing is estimated to be in the hundreds of billions of dollars globally. MEC is positioned to capture a portion of this market through its diversified capabilities.
Upturn SWOT Analysis
Strengths
- Diversified end markets
- Broad range of manufacturing capabilities
- Experienced management team
- Strong customer relationships
Weaknesses
- Dependence on economic cycles
- Customer concentration
- Potential integration risks from acquisitions
- Relatively small market capitalization
Opportunities
- Increased outsourcing of manufacturing
- Expansion into new end markets
- Strategic acquisitions
- Technological advancements
Threats
- Economic downturns
- Increased competition
- Fluctuations in raw material prices
- Labor shortages
Competitors and Market Share
Key Competitors
- LIN
- PRLB
- MEI
Competitive Landscape
MEC operates in a competitive market. LIN has higher revenues but is focused on gas markets rather than fabrication. PRLB focusses on rapid prototyping. MEI also is a market leader. MEC attempts to compete through its broad service offerings and diversified end markets.
Growth Trajectory and Initiatives
Historical Growth: Historical growth can be analyzed based on revenue and earnings growth from the past years using data from SEC filings.
Future Projections: Future projections can be found in analyst reports and company presentations.
Recent Initiatives: Recent initiatives can be found in press releases, investor presentations, and SEC filings.
Summary
Mayville Engineering Co. Inc. shows potential through its diversified services and broad market reach. However, it faces challenges from larger, established competitors and economic cyclicality. Its ability to secure strategic acquisitions and expand into new markets will be crucial for future growth. Monitoring raw material costs and managing labor shortages are key to maintaining profitability. Overall, MEC's success hinges on its operational efficiency and market adaptability.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC filings (10-K, 10-Q)
- Company website
- Analyst reports
- Press releases
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Market share data is estimated due to the fragmented nature of the industry.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Mayville Engineering Co Inc
Exchange NYSE | Headquaters Milwaukee, WI, United States | ||
IPO Launch date 2019-05-09 | President, CEO & Director Mr. Jagadeesh A. Reddy | ||
Sector Industrials | Industry Metal Fabrication | Full time employees 2200 | Website https://www.mecinc.com |
Full time employees 2200 | Website https://www.mecinc.com |
Mayville Engineering Company, Inc., together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. The company supplies engineered components to original equipment manufacturers. It serves heavy and medium duty commercial vehicles, construction and access equipment, powersports, agriculture, military, and other end markets. The company was founded in 1945 and is headquartered in Milwaukee, Wisconsin.
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