Added to YB: 2024-05-14
Pitch date: 2024-03-31
MEC [bullish]
Mayville Engineering Company, Inc.
+28.41%
current return
Author Info
Riverwater Partners is a Milwaukee-based investment advisory firm dedicated to responsible investing. Visit the website.
Company Info
Mayville Engineering Company, Inc., together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States.
Market Cap
$253.2M
Pitch Price
$14.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.82
P/E
10.00
EV/Sales
0.63
Sector
Machinery
Category
special_situation
Riverwater Micro Opportunities Strategy Portfolio Holding: Mayville Engineering Company, Inc.
MEC: Peloton contract disruption compensation upcoming, providing significant financial uplift. New factory in 2023 complete, with majority of CAPEX behind them. Anticipating substantial FCF increase in 2024, enhancing operational and financial flexibility for a promising year ahead.
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