MEC - Mayville Engineering Company, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$31.00
DETAILS
HIGH:
$32.00
LOW:
$30.00
MEDIAN:
$31.00
CONSENSUS:
$31.00
UPSIDE:
21.81%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 546.5 | 581.6 | 588.4 | 539.4 | 454.8 | 357.6 | 519.7 | 354.5 | 313.3 |
| Cost of Revenue | 492.5 | 510.5 | 518.7 | 478.3 | 403.5 | 326.1 | 461.0 | 303.9 | 278.6 |
| Gross Profit | 54.0 | 71.1 | 69.7 | 61.1 | 51.4 | 31.5 | 58.7 | 50.6 | 34.7 |
| Operating Expenses | |||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 48.1 | 45.1 | 41.8 | 32.7 | 31.9 | 27.3 | 56.0 | 24.3 | 21.6 |
| Other Expenses | 9.7 | (18.6) | 7.7 | 2.6 | 26.9 | 10.7 | 4.7 | 4.1 | 3.8 |
| Operating Expenses | 57.9 | 26.5 | 49.5 | 35.3 | 58.8 | 38.0 | 60.7 | 28.4 | 25.3 |
| Operating Income | |||||||||
| Operating Income | (3.8) | 44.6 | 20.2 | 25.8 | (7.4) | (6.5) | (2.0) | 22.2 | 9.4 |
| Interest Expense | 10.2 | 11.0 | 11.1 | 3.4 | 2.0 | 2.7 | 6.7 | 3.9 | 4.2 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||
| EBITDA | 37.4 | 82.1 | 55.1 | 55.1 | 24.4 | 25.6 | 30.9 | 43.2 | 30.2 |
| EBIT | (3.8) | 44.6 | 20.0 | 25.8 | (7.4) | (6.5) | (2.1) | 22.7 | 9.4 |
| Income Before Tax | (14.1) | 33.6 | 8.9 | 22.4 | (9.4) | (9.2) | (8.8) | 17.5 | 5.2 |
| Income Tax Expense | (5.9) | 7.6 | 1.0 | 3.7 | (1.9) | (2.1) | (4.1) | (0.5) | 0 |
| Net Income | (8.1) | 26.0 | 7.8 | 18.7 | (7.5) | (7.1) | (4.8) | 17.9 | 5.2 |
| Per Share Data | |||||||||
| EPS (Basic) | -0.40 | 1.26 | 0.38 | 0.92 | -0.37 | -0.36 | -0.27 | 0.91 | 0.27 |
| EPS (Diluted) | -0.40 | 1.24 | 0.38 | 0.92 | -0.37 | -0.36 | -0.27 | 0.91 | 0.27 |
| Shares Outstanding | 20.5 | 20.6 | 20.4 | 20.4 | 20.4 | 19.9 | 17.4 | 19.7 | 19.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 1.5 | 0.2 | 0.7 | 0.1 | 0.1 | 0.1 | 0.0 | 3.1 | 0.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 57.6 | 49.8 | 57.4 | 58.0 | 55.4 | 42.1 | 40.2 | 52.3 | 26.4 |
| Inventory | 59.4 | 54.8 | 67.8 | 71.7 | 70.2 | 41.4 | 45.7 | 53.4 | 35.4 |
| Other Current Assets | 10.0 | 8.2 | 8.7 | 11.5 | 4.0 | 3.1 | 1.6 | 2.3 | 1.5 |
| Total Current Assets | 128.4 | 112.9 | 134.6 | 141.3 | 132.6 | 89.2 | 90.5 | 112.8 | 64.2 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 187.2 | 185.1 | 208.0 | 181.8 | 120.7 | 109.3 | 128.3 | 125.8 | 90.8 |
| Goodwill | 140.2 | 92.7 | 92.7 | 71.5 | 71.5 | 71.5 | 71.5 | 69.4 | 40.2 |
| Intangible Assets | 111.3 | 51.7 | 58.7 | 43.8 | 50.8 | 61.5 | 72.2 | 82.9 | 18.8 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | (3.5) | 3.1 | 2.7 | 2.1 | 3.9 | 7.0 | 1.1 | 0.8 | 0.3 |
| Total Non-Current Assets | 435.2 | 332.6 | 362.0 | 299.3 | 246.9 | 249.3 | 273.1 | 279.0 | 150.1 |
| Total Assets | 563.6 | 445.6 | 496.7 | 440.6 | 379.5 | 338.5 | 363.6 | 391.7 | 214.3 |
| Current Liabilities | |||||||||
| Account Payables | 52.4 | 39.1 | 46.5 | 53.7 | 50.1 | 33.5 | 32.2 | 46.0 | 19.5 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.6 | 8.0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.7 | 8.6 |
| Other Current Liabilities | 22.4 | 15.5 | 13.8 | 36.6 | 18.6 | 8.4 | 9.7 | 0 | 0 |
| Total Current Liabilities | 74.8 | 64.6 | 71.7 | 102.4 | 77.4 | 52.7 | 48.2 | 83.2 | 41.9 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 25.6 | 79.7 | 147.5 | 72.2 | 67.6 | 45.3 | 72.6 | 171.3 | 67.6 |
| Deferred Tax Liabilities | 11.3 | 16.8 | 12.6 | 11.8 | 8.6 | 11.9 | 14.2 | 19.1 | 0 |
| Other Non-Current Liabilities | 211.3 | 7.3 | 6.3 | 4.3 | 27.6 | 25.7 | 25.0 | 0.1 | 12.0 |
| Total Non-Current Liabilities | 248.1 | 129.2 | 195.0 | 120.3 | 103.8 | 84.9 | 114.5 | 205.6 | 79.6 |
| Total Liabilities | 322.9 | 193.8 | 266.7 | 222.7 | 181.2 | 137.7 | 162.7 | 288.7 | 121.4 |
| Stockholders' Equity | |||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 133.8 | 125.0 |
| Retained Earnings | 52.0 | 60.1 | 34.1 | 26.3 | 7.5 | 15.0 | 22.1 | 26.8 | 17.7 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (142.5) | (126.5) |
| Total Stockholders' Equity | 240.7 | 251.8 | 230.0 | 217.9 | 198.3 | 200.9 | 200.9 | 103.0 | 92.9 |
| Total Liabilities & Equity | 563.6 | 445.6 | 496.7 | 440.6 | 379.5 | 338.5 | 363.6 | 391.7 | 214.3 |
| Debt Metrics | |||||||||
| Total Debt | 25.6 | 110.1 | 181.2 | 109.0 | 67.6 | 47.9 | 75.9 | 181.9 | 75.6 |
| Net Debt | 24.1 | 109.8 | 180.5 | 108.9 | 67.5 | 47.8 | 75.9 | 178.8 | 75.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (8.1) | 26.0 | 7.8 | 18.7 | (7.5) | (7.1) | (4.8) | 17.9 | 5.2 |
| Depreciation & Amortization | 31.6 | 37.6 | 35.1 | 29.3 | 31.8 | 32.1 | 33.0 | 20.5 | 20.7 |
| Stock-Based Compensation | 3.3 | 5.2 | 4.5 | 3.8 | 5.0 | 4.7 | 3.5 | 5.6 | 5.1 |
| Change in Working Capital | (0.4) | 15.4 | 5.2 | 4.5 | (28.6) | 4.2 | (3.8) | (7.5) | 3.8 |
| Other Non-Cash Items | 17.8 | 1.5 | (12.3) | (3.9) | 13.7 | 2.6 | (5.7) | 5.8 | 1.0 |
| Operating Cash Flow | 38.6 | 89.8 | 40.4 | 52.4 | 14.5 | 36.5 | 33.4 | 36.7 | 30.8 |
| Investing Activities | |||||||||
| Capital Expenditure | (11.6) | (12.1) | (16.6) | (58.6) | (39.3) | (7.8) | (25.8) | (17.9) | (11.3) |
| Acquisitions | (140.0) | 0 | (88.6) | 0 | 0 | 0 | (2.4) | (114.7) | 0.0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.1 | 0.4 | 1.1 | 7.9 | 5.3 | 2.0 | 0.1 | 0.0 | 0.0 |
| Investing Cash Flow | (151.5) | (11.7) | (104.1) | (50.7) | (34.0) | (5.8) | (28.1) | (132.6) | (11.2) |
| Financing Activities | |||||||||
| Net Debt Issuance | 121.3 | (69.2) | 68.2 | 3.2 | 21.5 | (27.9) | (107.6) | 108.9 | (10.5) |
| Stock Repurchased | (4.6) | (5.9) | (2.7) | (4.9) | (2.2) | (2.5) | (2.6) | (7.8) | (8.7) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (2.4) | (3.5) | (1.2) | 0 | 0.1 | (0.2) | 101.8 | (2.2) | (0.4) |
| Financing Cash Flow | 114.3 | (78.6) | 64.3 | (1.7) | 19.5 | (30.6) | (8.4) | 98.9 | (19.6) |
| Cash Position | |||||||||
| Net Change in Cash | 1.3 | (0.5) | 0.5 | 0.0 | (0.0) | 0.1 | (3.1) | 3.0 | (0.1) |
| Cash at Beginning | 0.2 | 0.7 | 0.1 | 0.1 | 0.1 | 0.0 | 3.1 | 0.1 | 0.1 |
| Cash at End | 1.5 | 0.2 | 0.7 | 0.1 | 0.1 | 0.1 | 0.0 | 3.1 | 0.1 |
| Free Cash Flow | 26.9 | 77.7 | 23.8 | (6.2) | (24.9) | 28.7 | 7.6 | 18.8 | 19.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 546.5 | 581.6 | 588.4 | 539.4 | 454.8 | 357.6 | 519.7 | 354.5 | 313.3 |
| Gross Profit | 54.0 | 71.1 | 69.7 | 61.1 | 51.4 | 31.5 | 58.7 | 50.6 | 34.7 |
| Operating Income | (3.8) | 44.6 | 20.2 | 25.8 | (7.4) | (6.5) | (2.0) | 22.2 | 9.4 |
| Net Income | (8.1) | 26.0 | 7.8 | 18.7 | (7.5) | (7.1) | (4.8) | 17.9 | 5.2 |
| EPS (Diluted) | -0.40 | 1.24 | 0.38 | 0.92 | -0.37 | -0.36 | -0.27 | 0.91 | 0.27 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 1.5 | 0.2 | 0.7 | 0.1 | 0.1 | 0.1 | 0.0 | 3.1 | 0.1 |
| Total Assets | 563.6 | 445.6 | 496.7 | 440.6 | 379.5 | 338.5 | 363.6 | 391.7 | 214.3 |
| Total Debt | 25.6 | 110.1 | 181.2 | 109.0 | 67.6 | 47.9 | 75.9 | 181.9 | 75.6 |
| Stockholders' Equity | 240.7 | 251.8 | 230.0 | 217.9 | 198.3 | 200.9 | 200.9 | 103.0 | 92.9 |
| Cash Flow | |||||||||
| Operating Cash Flow | 38.6 | 89.8 | 40.4 | 52.4 | 14.5 | 36.5 | 33.4 | 36.7 | 30.8 |
| Capital Expenditure | (11.6) | (12.1) | (16.6) | (58.6) | (39.3) | (7.8) | (25.8) | (17.9) | (11.3) |
| Free Cash Flow | 26.9 | 77.7 | 23.8 | (6.2) | (24.9) | 28.7 | 7.6 | 18.8 | 19.5 |