Mayville Engineering Co Inc
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. The company supplies engineered components to original equipment manufacturers. It serves heavy and medium duty commercial vehicles, construction and access equipment… Read more
Mayville Engineering Co Inc (MEC) - Net Assets
Latest net assets as of September 2025: $244.77 Million USD
Based on the latest financial reports, Mayville Engineering Co Inc (MEC) has net assets worth $244.77 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($585.58 Million) and total liabilities ($340.81 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $244.77 Million |
| % of Total Assets | 41.8% |
| Annual Growth Rate | 15.31% |
| 5-Year Change | 25.34% |
| 10-Year Change | N/A |
| Growth Volatility | 31.57 |
Mayville Engineering Co Inc - Net Assets Trend (2017–2024)
This chart illustrates how Mayville Engineering Co Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mayville Engineering Co Inc (2017–2024)
The table below shows the annual net assets of Mayville Engineering Co Inc from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $251.75 Million | +9.47% |
| 2023-12-31 | $229.98 Million | +5.56% |
| 2022-12-31 | $217.87 Million | +9.88% |
| 2021-12-31 | $198.27 Million | -1.29% |
| 2020-12-31 | $200.86 Million | -0.02% |
| 2019-12-31 | $200.90 Million | +95.06% |
| 2018-12-31 | $102.99 Million | +10.88% |
| 2017-12-31 | $92.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mayville Engineering Co Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 240.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $60.09 Million | 23.87% |
| Other Components | $191.67 Million | 76.13% |
| Total Equity | $251.75 Million | 100.00% |
Mayville Engineering Co Inc Competitors by Market Cap
The table below lists competitors of Mayville Engineering Co Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Huchems
KO:069260
|
$223.49 Million |
|
Precision Wires India Limited
NSE:PRECWIRE
|
$223.55 Million |
|
Hangzhou Todaytec Digital Co Ltd Class A
SHE:300743
|
$223.56 Million |
|
Eik fasteignafélag hf
IC:EIK
|
$223.59 Million |
|
Australian Finance Group Ltd
AU:AFG
|
$223.36 Million |
|
Bank Pan Indonesia Tbk
JK:PNBN
|
$223.30 Million |
|
Grenevia S.A.
WAR:GEA
|
$223.30 Million |
|
Keystone Electrical (Zhejiang) Co. Ltd. A
SHE:301448
|
$223.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mayville Engineering Co Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 229,978,000 to 251,753,000, a change of 21,775,000 (9.5%).
- Net income of 25,968,000 contributed positively to equity growth.
- Share repurchases of 5,896,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $25.97 Million | +10.31% |
| Share Repurchases | $5.90 Million | -2.34% |
| Other Changes | $1.70 Million | +0.68% |
| Total Change | $- | 9.47% |
Book Value vs Market Value Analysis
This analysis compares Mayville Engineering Co Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.43x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.65x to 1.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $4.72 | $17.21 | x |
| 2018-12-31 | $5.23 | $17.21 | x |
| 2019-12-31 | $11.51 | $17.21 | x |
| 2020-12-31 | $10.09 | $17.21 | x |
| 2021-12-31 | $9.52 | $17.21 | x |
| 2022-12-31 | $10.53 | $17.21 | x |
| 2023-12-31 | $11.11 | $17.21 | x |
| 2024-12-31 | $12.00 | $17.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mayville Engineering Co Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.46%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 1.77x
- Recent ROE (10.31%) is above the historical average (4.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 5.65% | 1.67% | 1.46x | 2.31x | $-4.04 Million |
| 2018 | 17.41% | 5.06% | 0.91x | 3.80x | $7.64 Million |
| 2019 | -2.37% | -0.91% | 1.43x | 1.81x | $-24.84 Million |
| 2020 | -3.53% | -1.98% | 1.06x | 1.69x | $-27.18 Million |
| 2021 | -3.76% | -1.64% | 1.20x | 1.91x | $-27.28 Million |
| 2022 | 8.60% | 3.47% | 1.22x | 2.02x | $-3.06 Million |
| 2023 | 3.41% | 1.33% | 1.18x | 2.16x | $-15.15 Million |
| 2024 | 10.31% | 4.46% | 1.31x | 1.77x | $792.70K |
Industry Comparison
This section compares Mayville Engineering Co Inc's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $945,108,837
- Average return on equity (ROE) among peers: -0.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mayville Engineering Co Inc (MEC) | $244.77 Million | 5.65% | 1.39x | $223.40 Million |
| ADF Group Inc (ADFJF) | $91.43 Million | -1.70% | 0.17x | $70.84 Million |
| Aurubis AG (AIAGF) | $2.37 Billion | 14.83% | 0.84x | $2.34 Billion |
| American Metal & Technology Inc (AMGY) | $-2.25 Million | 0.00% | 0.00x | $0.95 |
| Ampco-Pittsburgh Corporation (AP) | $149.83 Million | -53.27% | 2.78x | $96.27 Million |
| Allegheny Technologies Incorporated (ATI) | $2.09 Billion | 1.52% | 1.08x | $19.84 Billion |
| NV Bekaert SA (BEKSF) | $2.17 Billion | 11.76% | 0.88x | $1.30 Billion |
| CompoSecure, Inc. (CMPO) | $-192.55 Million | 0.00% | 0.00x | $1.63 Billion |
| Carpenter Technology Corporation (CRS) | $239.10 Million | 15.18% | 2.05x | $18.51 Billion |
| Cymat Technologies Ltd (CYMHF) | $-612.07K | 0.00% | 0.00x | $6.74 Million |
| ESAB Corp (ESAB) | $2.54 Billion | 6.19% | 0.33x | $5.64 Billion |