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Mayville Engineering Co Inc (MEC)

Upturn stock ratingUpturn stock rating
$15.96
Last Close (24-hour delay)
Profit since last BUY5.77%
upturn advisory
Consider higher Upturn Star rating
BUY since 34 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
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Upturn Advisory Summary

06/30/2025: MEC (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

3 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $21.75

1 Year Target Price $21.75

Analysts Price Target For last 52 week
$21.75Target price
Low$11.72
Current$15.96
high$23.02

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 stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

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 -

ai summary icon Upturn AI SWOT

Mayville Engineering Co Inc

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 2200

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.