Modine Manufacturing Company

NYSE:MOD Stock Report

Market Cap: US$7.3b

Modine Manufacturing Valuation

Is MOD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MOD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MOD ($140.61) is trading below our estimate of fair value ($141.75)

Significantly Below Fair Value: MOD is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for MOD?

Key metric: As MOD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MOD. This is calculated by dividing MOD's market cap by their current earnings.
What is MOD's PE Ratio?
PE Ratio45.1x
EarningsUS$163.60m
Market CapUS$7.30b

Price to Earnings Ratio vs Peers

How does MOD's PE Ratio compare to its peers?

The above table shows the PE ratio for MOD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.6x
GNTX Gentex
16x7.1%US$6.8b
ALV Autoliv
12.2x13.8%US$7.7b
BWA BorgWarner
8.3x4.8%US$7.4b
LEA Lear
10.1x19.9%US$5.4b
MOD Modine Manufacturing
45.1x26.4%US$7.3b

Price-To-Earnings vs Peers: MOD is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the peer average (11.6x).


Price to Earnings Ratio vs Industry

How does MOD's PE Ratio compare vs other companies in the US Auto Components Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CDTI CDTi Advanced Materials
1.7xn/aUS$1.80m
No more companies available in this PE range
MOD 45.1xIndustry Avg. 19.2xNo. of Companies4PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MOD is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the US Auto Components industry average (19.2x).


Price to Earnings Ratio vs Fair Ratio

What is MOD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MOD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.1x
Fair PE Ratio23.1x

Price-To-Earnings vs Fair Ratio: MOD is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MOD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$140.61
US$147.35
+4.8%
4.7%US$155.00US$135.00n/a6
Nov ’25US$111.63
US$148.00
+32.6%
5.1%US$155.00US$135.00n/a5
Oct ’25US$127.55
US$139.60
+9.4%
5.8%US$155.00US$133.00n/a5
Sep ’25US$121.55
US$133.00
+9.4%
5.1%US$140.00US$125.00n/a5
Aug ’25US$111.86
US$132.40
+18.4%
5.7%US$140.00US$122.00n/a5
Jul ’25US$102.68
US$116.40
+13.4%
6.5%US$125.00US$105.00n/a5
Jun ’25US$100.92
US$115.00
+14.0%
6.9%US$125.00US$105.00n/a4
May ’25US$92.28
US$93.95
+1.8%
15.5%US$110.00US$73.00n/a6
Apr ’25US$93.91
US$93.95
+0.04%
15.5%US$110.00US$73.00n/a6
Mar ’25US$91.70
US$89.00
-2.9%
17.5%US$110.00US$73.00n/a4
Feb ’25US$71.26
US$81.50
+14.4%
9.3%US$90.00US$73.00n/a4
Jan ’25US$59.70
US$61.75
+3.4%
18.0%US$80.00US$50.00n/a4
Dec ’24US$51.79
US$56.75
+9.6%
7.2%US$60.00US$50.00US$135.794
Nov ’24US$41.14
US$51.25
+24.6%
9.6%US$57.00US$45.00US$111.634
Oct ’24US$45.75
US$51.25
+12.0%
9.6%US$57.00US$45.00US$127.554
Sep ’24US$48.95
US$51.25
+4.7%
9.6%US$57.00US$45.00US$121.554
Aug ’24US$38.07
US$40.50
+6.4%
10.3%US$45.00US$34.00US$111.864
Jul ’24US$33.02
US$37.60
+13.9%
11.7%US$43.00US$31.00US$102.685
Jun ’24US$27.14
US$34.33
+26.5%
8.4%US$38.00US$31.00US$100.923
May ’24US$21.12
US$30.67
+45.2%
13.7%US$35.00US$25.00US$92.283
Apr ’24US$23.05
US$30.67
+33.0%
13.7%US$35.00US$25.00US$93.913
Mar ’24US$25.39
US$29.25
+15.2%
15.0%US$35.00US$25.00US$91.704
Feb ’24US$24.12
US$25.75
+6.8%
14.4%US$32.00US$23.00US$71.264
Jan ’24US$19.86
US$23.67
+19.2%
4.0%US$25.00US$23.00US$59.703

Analyst Forecast: Target price is less than 20% higher than the current share price.


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