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MOD

Modine ManufacturingNYSE:MOD Stock Report

Market Cap

US$615.3m

7D

-2.9%

1Y

66.3%

Updated

21 Oct, 2021

Data

Company Financials +
MOD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health4/6
Dividends0/6

MOD Overview

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications.

Modine Manufacturing Competitors

BorgWarner

NYSE:BWA

US$11.0b

Dana

NYSE:DAN

US$3.7b

Tenneco

NYSE:TEN

US$1.2b

Automatic Data Processing

NasdaqGS:ADP

US$90.8b

Price History & Performance

Summary of all time highs, changes and price drops for Modine Manufacturing
Historical stock prices
Current Share PriceUS$11.89
52 Week HighUS$6.14
52 Week LowUS$18.54
Beta2.72
1 Month Change8.58%
3 Month Change-25.36%
1 Year Change66.29%
3 Year Change-0.67%
5 Year Change10.61%
Change since IPO26.83%

Recent News & Updates

Sep 12
Modine Manufacturing (NYSE:MOD) Is Looking To Continue Growing Its Returns On Capital

Modine Manufacturing (NYSE:MOD) Is Looking To Continue Growing Its Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...

Aug 07
These 4 Measures Indicate That Modine Manufacturing (NYSE:MOD) Is Using Debt Reasonably Well

These 4 Measures Indicate That Modine Manufacturing (NYSE:MOD) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

May 29
Modine Manufacturing Company (NYSE:MOD) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates

Modine Manufacturing Company (NYSE:MOD) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates

It's been a good week for Modine Manufacturing Company ( NYSE:MOD ) shareholders, because the company has just released...

Shareholder Returns

MODUS Auto ComponentsUS Market
7D-2.9%1.6%3.8%
1Y66.3%49.2%31.5%

Return vs Industry: MOD exceeded the US Auto Components industry which returned 49.2% over the past year.

Return vs Market: MOD exceeded the US Market which returned 31.5% over the past year.

Price Volatility

Is MOD's price volatile compared to industry and market?
MOD volatility
MOD Beta2.72
Industry Beta1.85
Market Beta1

Stable Share Price: MOD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MOD's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191610,900Neil Brinkerhttps://www.modine.com

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Building HVAC Systems, and Heavy Duty Equipment and Automotive segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; hydronic products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; commercial packaged rooftop ventilation units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air-handling units; chillers; ceiling cassettes; hybrid fan coils; and condensing units.

Modine Manufacturing Fundamentals Summary

How do Modine Manufacturing's earnings and revenue compare to its market cap?
MOD fundamental statistics
Market CapUS$615.34m
Earnings (TTM)-US$199.80m
Revenue (TTM)US$1.96b

0.3x

P/S Ratio

-3.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MOD income statement (TTM)
RevenueUS$1.96b
Cost of RevenueUS$1.63b
Gross ProfitUS$320.50m
ExpensesUS$520.30m
Earnings-US$199.80m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-3.86
Gross Margin16.39%
Net Profit Margin-10.22%
Debt/Equity Ratio100.1%

How did MOD perform over the long term?

See historical performance and comparison

Valuation

Is Modine Manufacturing undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MOD ($11.89) is trading below our estimate of fair value ($33.05)

Significantly Below Fair Value: MOD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MOD is unprofitable, so we can't compare its PE Ratio to the US Auto Components industry average.

PE vs Market: MOD is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MOD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MOD is good value based on its PB Ratio (1.7x) compared to the US Auto Components industry average (2.7x).


Future Growth

How is Modine Manufacturing forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

135.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MOD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: MOD is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MOD's is expected to become profitable in the next 3 years.

Revenue vs Market: MOD's revenue (1.1% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: MOD's revenue (1.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MOD's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Modine Manufacturing performed over the past 5 years?

-59.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOD is currently unprofitable.

Growing Profit Margin: MOD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MOD is unprofitable, and losses have increased over the past 5 years at a rate of 59.6% per year.

Accelerating Growth: Unable to compare MOD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MOD is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (133.9%).


Return on Equity

High ROE: MOD has a negative Return on Equity (-54%), as it is currently unprofitable.


Financial Health

How is Modine Manufacturing's financial position?


Financial Position Analysis

Short Term Liabilities: MOD's short term assets ($691.0M) exceed its short term liabilities ($468.0M).

Long Term Liabilities: MOD's short term assets ($691.0M) exceed its long term liabilities ($491.7M).


Debt to Equity History and Analysis

Debt Level: MOD's debt to equity ratio (100.1%) is considered high.

Reducing Debt: MOD's debt to equity ratio has increased from 44.2% to 100.1% over the past 5 years.

Debt Coverage: MOD's debt is well covered by operating cash flow (34.7%).

Interest Coverage: MOD's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Dividend

What is Modine Manufacturing current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MOD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MOD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MOD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MOD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MOD is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MOD's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Neil Brinker (45 yo)

0.83

Tenure

US$3,448,295

Compensation

Mr. Neil D. Brinker is President, Chief Executive Officer and Director of Modine Manufacturing Company since December 01, 2020. He served as Chief Operating Officer of Advanced Energy Industries, Inc. sinc...


CEO Compensation Analysis

Compensation vs Market: Neil's total compensation ($USD3.45M) is above average for companies of similar size in the US market ($USD2.27M).

Compensation vs Earnings: Insufficient data to compare Neil's compensation with company performance.


Leadership Team

Experienced Management: MOD's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: MOD's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Modine Manufacturing Company's employee growth, exchange listings and data sources


Key Information

  • Name: Modine Manufacturing Company
  • Ticker: MOD
  • Exchange: NYSE
  • Founded: 1916
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: US$615.343m
  • Shares outstanding: 51.75m
  • Website: https://www.modine.com

Number of Employees


Location

  • Modine Manufacturing Company
  • 1500 DeKoven Avenue
  • Racine
  • Wisconsin
  • 53403
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 22:53
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.