Mayville Engineering Company, Inc. (MEC) vs Tungray Technologies Inc. (TRSG)

Mayville Engineering Company, Inc. and Tungray Technologies Inc. are both Metal Fabrication companies. Mayville Engineering Company, Inc. is the larger, with a market value of $427.6M against $22.8M — 18.7× the size. Across the 9 metrics below, Tungray Technologies Inc. leads on 9 and Mayville Engineering Company, Inc. on 0.

Valuation

Metric MEC TRSG Metal Fabrication median
P/E n/m — 17.15
P/S 0.67 — 1.14
P/B 1.20 n/m 1.71
Price to free cash flow n/m n/m 22.10
EV/EBITDA 16.49 n/m 17.60
EV/Sales 0.89 n/m 1.96
Earnings yield (4.88%) — 2.28%
Free cash flow yield (1.15%) 0.00% 0.92%

Profitability

Metric MEC TRSG Metal Fabrication median
Gross margin 9.16% — 21.08%
Operating margin (2.18%) — 5.14%
Net margin (2.95%) — 4.70%
Free cash flow margin (0.77%) 0.00% 1.45%
Return on equity (6.05%) 0.00% 0.00%
Return on assets (3.39%) 0.00% 1.56%
Return on invested capital (1.78%) 0.00% 2.19%

Growth

Metric MEC TRSG Metal Fabrication median
Revenue growth (TTM) 11.77% — 9.93%
EPS growth (last fiscal year) (132.26%) 100.00% —
Revenue growth, 5-year CAGR 8.85% — 6.12%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric MEC TRSG Metal Fabrication median
Debt to equity 0.39 0.11 0.30
Current ratio 1.70 1.94 2.08
Net debt to EBITDA 5.37 (26.85) 1.02

Dividend

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

Size

Metric MEC TRSG Metal Fabrication median
Market cap 427.64m 22.81m 896.96m

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