What is Mayville Engineering Company, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Mayville Engineering Company, Inc.'s reported free cash flow gives $30.73 per share. The share price was $14.11 on November 9, 2026, 54% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 4.0% | 10.0% | $18.86 | +34% |
| Base | 9.0% | 9.0% | $30.73 | +118% |
| Bull | 14.0% | 8.0% | $52.88 | +275% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $39.43 | $42.11 | $45.38 | $49.47 | $54.73 |
| 8.0% | $32.92 | $34.66 | $36.71 | $39.17 | $42.18 |
| 9.0% | $28.17 | $29.36 | $30.73 | $32.33 | $34.22 |
| 10.0% | $24.56 | $25.40 | $26.36 | $27.45 | $28.72 |
| 11.0% | $21.72 | $22.34 | $23.04 | $23.81 | $24.70 |
Where the presets come from
Base: years 1 to 5 grow at Mayville Engineering Company, Inc.'s revenue growth rate over the last 5 fiscal years (8.9% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions