MEC Stock Analysis: Mayville Engineering | NYSE
Metal Fabrication | NYSE, USA | Market Cap: 860m USD | 12M Return: 109.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 18.8M
Qual. Beats: 1
Rev. Trend: -44.1%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 7.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Mayville Engineering Company, Inc. (MEC) is a U.S.-based industrial manufacturer that produces engineered metal components and assemblies, offering services spanning design, prototyping, tooling, fabrication, aluminum extrusion, coating, and final assembly. The company operates primarily as a Tier 1 and Tier 2 supplier to original equipment manufacturers (OEMs), integrating vertically across multiple value-added processes within the industrial supply chain. Its end markets are highly diversified, including heavy and medium-duty commercial vehicles, construction and access equipment, powersports, data center and critical power infrastructure, agriculture, and military/defense applications.
Founded in 1945 and headquartered in Milwaukee, Wisconsin, MEC falls within the Industrials sector and is classified under the GICS sub-industry of Industrial Machinery & Supplies & Components. As a small-cap industrial supplier, its diversified exposure across commercial vehicle, construction, and data center end markets positions it within broader capital goods and metal fabrication supply chains.
- Data center critical power orders drive segment revenue growth
- Heavy-duty truck and construction equipment demand lifts production volumes
- Aluminum and steel input costs pressure fabrication margins
| Net Income: -16.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -14.28 > 1.0 |
| NWC/Revenue: 10.35% < 20% (prev 8.83%; Δ 1.53% < -1%) |
| CFO/TA 0.05 > 3% & CFO 27.5m > Net Income -16.3m |
| Net Debt (249.2m) to EBITDA (22.2m): 11.23 < 3 |
| Current Ratio: 1.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (20.4m) vs 12m ago -1.47% < -2% |
| Gross Margin: 8.33% > 18% (prev 11.78%; Δ -3.45% > 0.5%) |
| Asset Turnover: 108.3% > 50% (prev 124.2%; Δ -15.83% > 0%) |
| Interest Coverage Ratio: -1.67 > 6 (EBIT TTM -20.6m / Interest Expense TTM 12.3m) |
| A: 0.10 (Total Current Assets 147.3m - Total Current Liabilities 89.7m) / Total Assets 578.1m |
| B: 0.08 (Retained Earnings 43.8m / Total Assets 578.1m) |
| C: -0.04 (EBIT TTM -20.6m / Avg Total Assets 512.9m) |
| D: 0.67 (Book Value of Equity 232.2m / Total Liabilities 345.9m) |
| Altman-Z'' = 1.34 = BB |
| DSRI: 1.18 (Receivables 68.1m/57.9m, Revenue 555.7m/555.9m) |
| GMI: 1.41 (GM 11.78% / 8.33%) |
| AQI: 1.31 (AQ_t 0.43 / AQ_t-1 0.33) |
| SGI: 1.00 (Revenue 555.7m / 555.9m) |
| TATA: -0.08 (NI -16.3m - CFO 27.5m) / TA 578.1m) |
| Beneish M = -2.33 (Cap -4..+1) = BBB |
As of July 13, 2026, the stock is trading at USD 33.72 with a total of 187,329 shares traded. Over the past week, the price has changed by +0.51%, over one month by -4.96%, over three months by +61.34% and over the past year by +109.05%.
Current recommended Stop Loss: 31.30 (which is 7.2% or 1.3 ATR below the current price).
Mayville Engineering has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy MEC.
- StrongBuy: 2
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 33.7 | -0.1% |
P/E Forward = 22.0751
P/S = 1.547
P/B = 3.6805
Revenue TTM = 555.7m USD
EBIT TTM = -20.6m USD
EBITDA TTM = 22.2m USD
Long Term Debt = 212.4m USD (from longTermDebt, last quarter)
Short Term Debt = 8.28m USD (from shortTermDebt, two quarters ago)
Debt = 251.3m USD (corrected: LT Debt 212.4m + ST Debt 8.28m) + Leases 30.6m
Net Debt = 249.2m USD (calculated: Debt 251.3m - CCE 2.07m)
Enterprise Value = 1.11b USD (859.7m + Debt 251.3m - CCE 2.07m)
Interest Coverage Ratio = -1.67 (Ebit TTM -20.6m / Interest Expense TTM 12.3m)
EV/FCF = 75.94x (Enterprise Value 1.11b / FCF TTM 14.6m)
FCF Yield = 1.32% (FCF TTM 14.6m / Enterprise Value 1.11b)
FCF Margin = 2.63% (FCF TTM 14.6m / Revenue TTM 555.7m)
Net Margin = -2.93% (Net Income TTM -16.3m / Revenue TTM 555.7m)
Gross Margin = 8.33% ((Revenue TTM 555.7m - Cost of Revenue TTM 509.4m) / Revenue TTM)
Gross Margin QoQ = 5.41% (prev 6.64%)
Tobins Q-Ratio = 1.92 (Enterprise Value 1.11b / Total Assets 578.1m)
Interest Expense / Debt = 4.90% (Interest Expense 12.3m / Debt 251.3m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -16.2m (EBIT -20.6m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.64 (Total Current Assets 147.3m / Total Current Liabilities 89.7m)
Debt / Equity = 1.08 (Debt 251.3m / totalStockholderEquity, last quarter 232.2m)
Debt / EBITDA = 11.23 (Net Debt 249.2m / EBITDA 22.2m)
Debt / FCF = 17.07 (Net Debt 249.2m / FCF TTM 14.6m)
Total Stockholder Equity = 241.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.18% (Net Income -16.3m / Total Assets 578.1m)
RoE = -6.76% (Net Income TTM -16.3m / Total Stockholder Equity 241.1m)
RoCE = -4.53% (EBIT -20.6m / Capital Employed (Equity 241.1m + L.T.Debt 212.4m))
RoIC = -3.34% (negative operating profit) (NOPAT -16.2m / Invested Capital 486.3m)
WACC = 8.85% (E(859.7m)/V(1.11b) * Re(10.30%) + D(251.3m)/V(1.11b) * Rd(4.90%) * (1-Tc(0.21)))
Discount Rate = 10.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -33.33 | Cagr: -0.49%
[DCF] Terminal Value 71.26% ; FCFF base≈38.9m ; Y1≈34.1m ; Y5≈27.5m
[DCF] Fair Price = 6.25 (EV 408.5m - Net Debt 249.2m = Equity 159.2m / Shares 25.5m; r=8.85% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.80 | # QB: 1
Revenue Correlation: -44.12 | Revenue CAGR: -2.78% | SUE: 0.65 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.06 | Chg30d=+23.10% | Revisions=+40% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.19 | Chg30d=-3.37% | Revisions=-40% | Analysts=3
EPS current Year (2026-12-31): EPS=0.13 | Chg30d=-23.63% | Revisions=+25% | GrowthEPS=-56.5% | GrowthRev=+10.3%
EPS next Year (2027-12-31): EPS=1.17 | Chg30d=-10.20% | Revisions=-40% | GrowthEPS=+770.5% | GrowthRev=+11.9%
[Analyst] Revisions Ratio: -10% (up=3, down=4)