$18.37
1.08% day before yesterday
NYSE, Sep 06, 10:10 pm CET
ISIN
US5786051079
Symbol
MEC

Mayville Engineering Company, Inc. Target price 2024 - Analyst rating & recommendation

Mayville Engineering Company, Inc. Classifications & Recommendation:

Buy
75%
Hold
25%

Mayville Engineering Company, Inc. Price Target

Target Price $23.67
Price $18.37
Potential
Number of Estimates 3
3 Analysts have issued a price target Mayville Engineering Company, Inc. 2025 . The average Mayville Engineering Company, Inc. target price is $23.67. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 4 analysts: 3 Analysts recommend Mayville Engineering Company, Inc. to buy, 1 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Mayville Engineering Company, Inc. stock has an average upside potential 2025 of . Most analysts recommend the Mayville Engineering Company, Inc. stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 588.43 631.41
9.09% 7.30%
EBITDA Margin 9.63% 11.76%
8.04% 22.09%
Net Margin 1.32% 2.24%
61.72% 69.45%

4 Analysts have issued a sales forecast Mayville Engineering Company, Inc. 2024 . The average Mayville Engineering Company, Inc. sales estimate is

$631m
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. This is
0.05% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$638m 1.01%
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, the lowest is
$621m 1.69%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $588m 9.09%
2024
$631m 7.30%
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2025
$663m 4.93%
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2026
$676m 2.04%
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2027
$681m 0.68%
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2028
$690m 1.44%
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4 Analysts have issued an Mayville Engineering Company, Inc. EBITDA forecast 2024. The average Mayville Engineering Company, Inc. EBITDA estimate is

$74.2m
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. This is
11.12% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$75.5m 12.98%
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, the lowest is
$71.5m 7.05%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $56.7m 0.32%
2024
$74.2m 30.96%
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2025
$83.3m 12.23%
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2026
$84.0m 0.80%
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2027
$80.1m 4.63%
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2028
$81.1m 1.21%
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EBITDA Margin

2023 9.63% 8.04%
2024
11.76% 22.09%
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2025
12.57% 6.89%
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2026
12.42% 1.19%
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2027
11.77% 5.23%
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2028
11.74% 0.25%
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3 Mayville Engineering Company, Inc. Analysts have issued a net profit forecast 2024. The average Mayville Engineering Company, Inc. net profit estimate is

$14.1m
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. This is
35.25% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$15.2m 45.12%
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, the lowest is
$12.7m 21.56%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $7.8m 58.24%
2024
$14.1m 81.52%
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2025
$24.4m 72.52%
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2026
$24.4m 0.00%
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2027
$27.4m 12.60%
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2028
$28.7m 4.48%
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Net Margin

2023 1.32% 61.72%
2024
2.24% 69.45%
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2025
3.68% 64.29%
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2026
3.60% 2.17%
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2027
4.03% 11.94%
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2028
4.15% 2.98%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.38 0.69
58.24% 81.58%
P/E 26.62
EV/Sales 0.84

3 Analysts have issued a Mayville Engineering Company, Inc. forecast for earnings per share. The average Mayville Engineering Company, Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$0.69
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. This is
35.29% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.74 45.10%
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, the lowest is
$0.62 21.57%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $0.38 58.24%
2024
$0.69 81.58%
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2025
$1.19 72.46%
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2026
$1.19 0.00%
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2027
$1.34 12.61%
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2028
$1.40 4.48%
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P/E ratio

Current 35.77 113.55%
2024
26.62 25.58%
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2025
15.44 42.00%
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2026
15.44 0.00%
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2027
13.71 11.20%
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2028
13.12 4.30%
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Based on analysts' sales estimates for 2024, the Mayville Engineering Company, Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 0.84 23.53%
2024
0.84 0.36%
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2025
0.80 4.70%
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2026
0.79 2.00%
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2027
0.78 0.67%
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2028
0.77 1.42%
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P/S ratio

Current 0.60 31.81%
2024
0.60 0.05%
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2025
0.57 4.70%
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2026
0.56 1.99%
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2027
0.56 0.68%
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2028
0.55 1.42%
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