COMP <GO>

MEC vs FOIL // EV/EBITDA & P/E VALUATION

Mayville Engineering Company Inc. (NYSE) VS. Londian Wason New Energy Tech Inc. each representing five (NYSE) • 15-METRIC TALLY: MEC 1 — FOIL 1

■ METRIC PARITY

MEC — Mayville Engineering Company Inc. ROARABLE D • RQD 47/100

LAST: $15.11 (+2.37%) • MKT CAP: $385.3M

DES <GO> FA <GO> 10-K RED <GO>

valuation

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FOIL — Londian Wason New Energy Tech Inc. each representing five ROARABLE D • RQD 49/100

LAST: $15.43 (-6.99%) • MKT CAP: $1.21B

DES <GO> FA <GO> 10-K RED <GO>

valuation

—

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MEC VS. FOIL) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	MEC	FOIL	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	9.90%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-1.30%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	6.99%	—	—	TIE	/fcf-yield <GO>
Operating Margin	-0.70%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	-1.50%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	-6.00%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	1.91	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	—	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	47.9	33.2	+14.68	MEC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$385.3M	$1.21B	-$820.7M	FOIL	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	MEC REV	FOIL REV	MEC GROSS %	FOIL GROSS %	MEC FCF	FOIL FCF
FY 2025	$546.5M	—	9.9%	—	$26.9M	—
FY 2024	$581.6M	—	12.2%	—	$77.7M	—
FY 2023	$588.4M	—	—	—	$40.4M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

MEC // BETA —

FOIL // BETA —