MEC's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 0.64 -- higher than merely 5.96% of US-listed equities with positive expected earnings growth.
Mayville Engineering Company Inc's stock had its IPO on May 9, 2019, making it an older stock than only 2.66% of US equities in our set.
With a year-over-year growth in debt of -30.5%, Mayville Engineering Company Inc's debt growth rate surpasses only 10.23% of about US stocks.
Stocks with similar financial metrics, market capitalization, and price volatility to Mayville Engineering Company Inc are AESE, FLMN, YGYI, PSTL, and RPAY.
Mayville Engineering Company, Inc. (MEC) Company Bio
Mayville Engineering Co., Inc. engages in the production of metal components. It offers a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. The company was founded by Leo Bachhuber and Ted Bachhuber in 1945 and is headquartered in Mayville, WI.
MEC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for MEC, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Mayville Engineering Company Inc ranked in the 72th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 166.67% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of Mayville Engineering Company Inc, consider:
Mayville Engineering Company Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -3.85. This coverage rate is greater than that of merely 13.92% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Mayville Engineering Company Inc experienced a tax rate of about 30% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than 90.49% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
BLD, EME, CVEO, MHH, and DAC can be thought of as valuation peers to MEC, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (NYSE: MEC) (“MEC”) today announced that the Board of Directors has elected Jennifer Kent as a director of the Company. The Company also announced that current director Craig E. Johnson will not seek reelection and will retire from the Board at the end of his current term expiring at the 2021 annual meeting of shareholders. Mr. Johnson has been serving as a director since 2006. “With over 20 years of broad business and leadersh
MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading U.S.-based value added manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly and aftermarket services, today announced results for the third quarter ended September 30, 2020. Third Quarter Highlights: Produced net sales of $91.1 million Recorded a net loss of $1.1 million Generated Adjusted EBITDA of $9.8 million, or 10.8