Mayville Engineering Co Stock Piotroski F Score
| MEC Stock | USD 13.76 0.23 1.64% |
Mayville | Piotroski F Score |
At this time, it appears that Mayville Engineering's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
| Current Return On Assets | Positive |
| Change in Return on Assets | Decreased |
| Cash Flow Return on Assets | Positive |
| Current Quality of Earnings (accrual) | Improving |
| Asset Turnover Growth | Increase |
| Current Ratio Change | Decrease |
| Long Term Debt Over Assets Change | Lower Leverage |
| Change In Outstending Shares | Increase |
| Change in Gross Margin | Increase |
Mayville Engineering Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Mayville Engineering is to make sure Mayville is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Mayville Engineering's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Mayville Engineering's financial numbers are properly reported.
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Asset Turnover | 1.32 | 1.128 |
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| Gross Profit Margin | 0.12 | 0.1053 |
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| Net Debt | 115.8 M | 181.4 M |
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| Total Current Liabilities | 75 M | 71.7 M |
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| Non Current Liabilities Total | 146.8 M | 220 M |
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| Total Assets | 417.3 M | 521.7 M |
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| Total Current Assets | 120.2 M | 134.6 M |
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| Total Cash From Operating Activities | 38.5 M | 40.4 M |
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Mayville Engineering F Score Driver Matrix
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Mayville Engineering's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Mayville Engineering in a much-optimized way.
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About Mayville Engineering Piotroski F Score
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.Common Stock Shares Outstanding |
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Mayville Engineering Current Valuation Drivers
We derive many important indicators used in calculating different scores of Mayville Engineering from analyzing Mayville Engineering's financial statements. These drivers represent accounts that assess Mayville Engineering's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Mayville Engineering's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 163.7M | 267.0M | 304.2M | 258.3M | 294.4M | 304.3M | |
| Enterprise Value | 239.5M | 314.9M | 372.9M | 367.1M | 475.8M | 305.5M |
About Mayville Engineering Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Mayville Engineering Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mayville Engineering using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mayville Engineering Co based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Mayville Engineering Altman Z Score, Mayville Engineering Correlation, Mayville Engineering Valuation, as well as analyze Mayville Engineering Alpha and Beta and Mayville Engineering Hype Analysis. 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Mayville Stock analysis
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.