Mayville Engineering Co Stock Today

MEC Stock  USD 14.10  0.12  0.86%   

Performance

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Odds Of Distress

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Mayville Engineering is trading at 14.10 as of the 28th of March 2024, a 0.86 percent up since the beginning of the trading day. The stock's open price was 13.98. Mayville Engineering has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Mayville Engineering Co are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
9th of May 2019
Category
Industrials
Mayville Engineering Company, Inc., together with its subsidiaries, operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets in the United States. The company has 20.36 M outstanding shares of which 288.22 K shares are now shorted by investors with about 7.06 days to cover. More on Mayville Engineering Co

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Mayville Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mayville Engineering's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mayville Engineering or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO PresidentJagadeesh Reddy
Thematic IdeaFabricated Products (View all Themes)
Old NameSong Da Mechanical Assembling JSC
Business ConcentrationIndustrial Machinery & Supplies & Components, Metal Fabrication, Industrials, NYSE Composite, Fabricated Products, Industrials, Machinery, Metal Fabrication, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Mayville Engineering report their recommendations after researching Mayville Engineering's financial statements, talking to executives and customers, or listening in on Mayville Engineering's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Mayville Engineering. The Mayville consensus assessment is calculated by taking the average forecast from all of the analysts covering Mayville Engineering.
Financial Strength
Based on the key indicators obtained from Mayville Engineering's historical financial statements, Mayville Engineering Co is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Mayville Engineering is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.321.128
Fairly Up
Slightly volatile
Gross Profit Margin0.120.1053
Fairly Up
Very volatile
Net Debt115.8 M181.4 M
Way Down
Slightly volatile
Total Current Liabilities75 M71.7 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total146.8 M220 M
Way Down
Slightly volatile
Total Assets417.3 M521.7 M
Significantly Down
Slightly volatile
Total Current Assets120.2 M134.6 M
Moderately Down
Slightly volatile
Total Cash From Operating Activities38.5 M40.4 M
Sufficiently Down
Slightly volatile
Mayville Engineering's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Mayville Engineering's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Mayville Engineering's financial leverage. It provides some insight into what part of Mayville Engineering's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Mayville Engineering's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Mayville Engineering deploys its capital and how much of that capital is borrowed.
Liquidity
Mayville Engineering cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 182.08 M in debt with debt to equity (D/E) ratio of 0.51, which is OK given its current industry classification. Mayville Engineering has a current ratio of 1.35, which is typical for the industry and considered as normal. Debt can assist Mayville Engineering until it has trouble settling it off, either with new capital or with free cash flow. So, Mayville Engineering's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Mayville Engineering sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mayville to invest in growth at high rates of return. When we think about Mayville Engineering's use of debt, we should always consider it together with cash and equity.

Change To Inventory

16.8 Million
Mayville Engineering Co (MEC) is traded on New York Stock Exchange in USA. It is located in 135 S. 84th Street, Milwaukee, WI, United States, 53214 and employs 2,500 people. Mayville Engineering is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 284.7 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Mayville Engineering's market, we take the total number of its shares issued and multiply it by Mayville Engineering's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Mayville Engineering runs under Machinery sector within Industrials industry. The entity has 20.36 M outstanding shares of which 288.22 K shares are now shorted by investors with about 7.06 days to cover. Mayville Engineering Co has about 127 K in cash with 40.36 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Mayville Engineering Probability Of Bankruptcy
Ownership Allocation
Mayville Engineering Co holds a total of 20.36 Million outstanding shares. Over half of Mayville Engineering's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Mayville Engineering. Please watch out for any change in the institutional holdings of Mayville Engineering Co as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Mayville Ownership Details

Mayville Stock Price Odds Analysis

What are Mayville Engineering's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Mayville Engineering jumping above the current price in 90 days from now is about 10.62%. The Mayville Engineering Co probability density function shows the probability of Mayville Engineering stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.5868. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Mayville Engineering will likely underperform. Additionally, mayville Engineering Co has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 14.1HorizonTargetOdds Above 14.1
89.27%90 days
 14.10 
10.62%
Based on a normal probability distribution, the odds of Mayville Engineering to move above the current price in 90 days from now is about 10.62 (This Mayville Engineering Co probability density function shows the probability of Mayville Stock to fall within a particular range of prices over 90 days) .

Mayville Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Mayville Engineering that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Mayville Engineering's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Mayville Engineering's value.
InstituionRecorded OnShares
Advisor Group Holdings, Inc.2023-12-31
187.7 K
State Street Corporation2023-12-31
182.1 K
Jb Capital Partners Lp2023-12-31
170 K
Bank Of America Corp2023-12-31
160.8 K
Blair William & Co2023-12-31
145 K
Granahan Investment Management Inc..2023-12-31
144.3 K
Northern Trust Corp2023-12-31
97.5 K
Anchor Capital Advisors Inc2023-12-31
95.7 K
Sontag Advisory Llc2023-12-31
95.4 K
Allspring Global Investments Holdings, Llc2023-12-31
2.6 M
Blackrock Inc2023-12-31
748 K
View Mayville Engineering Diagnostics

Mayville Engineering Historical Income Statement

Mayville Engineering Co Income Statement is one of the three primary financial statements used for reporting Mayville's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Mayville Engineering revenue and expense. Mayville Engineering Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Mayville Engineering's Interest Income is projected to decrease significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 11.6 M, whereas Net Interest Income is projected to grow to (8.3 M). View More Fundamentals

Mayville Stock Against Markets

Picking the right benchmark for Mayville Engineering stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mayville Engineering stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mayville Engineering is critical whether you are bullish or bearish towards Mayville Engineering Co at a given time. Please also check how Mayville Engineering's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mayville Engineering without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Mayville Engineering Corporate Executives

Elected by the shareholders, the Mayville Engineering's board of directors comprises two types of representatives: Mayville Engineering inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mayville. The board's role is to monitor Mayville Engineering's management team and ensure that shareholders' interests are well served. Mayville Engineering's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mayville Engineering's outside directors are responsible for providing unbiased perspectives on the board's policies.
Todd ButzChief Financial Officer, SecretaryProfile
Randall StilleChief Operating OfficerProfile
Steve ManceChief Operating OfficerProfile

How to buy Mayville Stock?

Before investing in Mayville Engineering, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Mayville Engineering. To buy Mayville Engineering stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mayville Engineering. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Mayville Engineering stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Mayville Engineering Co stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Mayville Engineering Co stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Mayville Engineering Co, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Mayville Stock please use our How to Invest in Mayville Engineering guide.

Already Invested in Mayville Engineering Co?

The danger of trading Mayville Engineering Co is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mayville Engineering is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mayville Engineering. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mayville Engineering is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Mayville Engineering offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mayville Engineering's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mayville Engineering Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mayville Engineering Co Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mayville Engineering Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Mayville Engineering information on this page should be used as a complementary analysis to other Mayville Engineering's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running Mayville Engineering's price analysis, check to measure Mayville Engineering's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mayville Engineering is operating at the current time. Most of Mayville Engineering's value examination focuses on studying past and present price action to predict the probability of Mayville Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mayville Engineering's price. Additionally, you may evaluate how the addition of Mayville Engineering to your portfolios can decrease your overall portfolio volatility.
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Is Mayville Engineering's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mayville Engineering. If investors know Mayville will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mayville Engineering listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.06)
Earnings Share
0.38
Revenue Per Share
28.823
Quarterly Revenue Growth
0.156
Return On Assets
0.0269
The market value of Mayville Engineering is measured differently than its book value, which is the value of Mayville that is recorded on the company's balance sheet. Investors also form their own opinion of Mayville Engineering's value that differs from its market value or its book value, called intrinsic value, which is Mayville Engineering's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mayville Engineering's market value can be influenced by many factors that don't directly affect Mayville Engineering's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mayville Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mayville Engineering is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mayville Engineering's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.