Ampco-Pittsburgh Corporation (AP) vs Mayville Engineering Company, Inc. (MEC)

Ampco-Pittsburgh Corporation and Mayville Engineering Company, Inc. are both Metal Fabrication companies. Mayville Engineering Company, Inc. is the larger, with a market value of $427.6M against $179.1M — 2.4× the size. Mayville Engineering Company, Inc. grew revenue faster over the last twelve months: 11.8% against 3.27%. Mayville Engineering Company, Inc. has the higher net margin (−2.95% vs −13.8%) and the higher return on invested capital (−1.78% vs −16.6%). Across the 18 metrics below, Mayville Engineering Company, Inc. leads on 13 and Ampco-Pittsburgh Corporation on 5.

Valuation

Metric AP MEC Metal Fabrication median
P/E n/m n/m 17.15
P/S 0.42 0.67 1.14
P/B 3.68 1.20 1.71
Price to free cash flow n/m n/m 22.10
EV/EBITDA n/m 16.49 17.60
EV/Sales 0.72 0.89 1.96
Earnings yield (33.68%) (4.88%) 2.28%
Free cash flow yield (2.12%) (1.15%) 0.92%

Profitability

Metric AP MEC Metal Fabrication median
Gross margin 18.80% 9.16% 21.08%
Operating margin (11.12%) (2.18%) 5.14%
Net margin (13.84%) (2.95%) 4.70%
Free cash flow margin (0.88%) (0.77%) 1.45%
Return on equity (94.96%) (6.05%) 0.00%
Return on assets (11.53%) (3.39%) 1.56%
Return on invested capital (16.64%) (1.78%) 2.19%

Growth

Metric AP MEC Metal Fabrication median
Revenue growth (TTM) 3.27% 11.77% 9.93%
EPS growth (last fiscal year) (16,500.00%) (132.26%) —
Revenue growth, 5-year CAGR 5.73% 8.85% 6.12%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AP MEC Metal Fabrication median
Debt to equity 2.85 0.39 0.30
Current ratio 1.78 1.70 2.08
Net debt to EBITDA (3.76) 5.37 1.02

Dividend

Metric AP MEC Metal Fabrication median
Dividend yield — — 1.69%
Payout ratio 0.00 0.00 0.06

Size

Metric AP MEC Metal Fabrication median
Market cap 179.11m 427.64m 896.96m

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