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.
Good value with moderate growth potential.
Share Price & News
How has Modine Manufacturing's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MOD's share price has been volatile over the past 3 months.
7 Day Return
US Auto Components
1 Year Return
US Auto Components
Return vs Industry: MOD underperformed the US Auto Components industry which returned -47.9% over the past year.
Return vs Market: MOD underperformed the US Market which returned -13.3% over the past year.
Price Volatility Vs. Market
How volatile is Modine Manufacturing's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHow Does Modine Manufacturing Company (NYSE:MOD) Affect Your Portfolio Volatility?
1 month ago | Simply Wall StHow Many Modine Manufacturing Company (NYSE:MOD) Shares Did Insiders Buy, In The Last Year?
1 month ago | Simply Wall StShould You Think About Buying Modine Manufacturing Company (NYSE:MOD) Now?
Is Modine Manufacturing undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MOD ($3.27) is trading below our estimate of fair value ($17.24)
Significantly Below Fair Value: MOD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MOD is poor value based on its PE Ratio (15.5x) compared to the Auto Components industry average (11.1x).
PE vs Market: MOD is poor value based on its PE Ratio (15.5x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: MOD is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: MOD is good value based on its PB Ratio (0.3x) compared to the US Auto Components industry average (0.7x).
How is Modine Manufacturing forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MOD's forecast earnings growth (53.9% per year) is above the savings rate (1.7%).
Earnings vs Market: MOD's earnings (53.9% per year) are forecast to grow faster than the US market (13.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MOD's revenue (2.6% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: MOD's revenue (2.6% 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
How has Modine Manufacturing performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MOD has a large one-off loss of $14.8M impacting its December 31 2019 financial results.
Growing Profit Margin: MOD's current net profit margins (0.5%) are lower than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: MOD's earnings have grown by 14% per year over the past 5 years.
Accelerating Growth: MOD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MOD had negative earnings growth (-88.8%) over the past year, making it difficult to compare to the Auto Components industry average (-4.2%).
Return on Equity
High ROE: MOD's Return on Equity (2%) is considered low.
How is Modine Manufacturing's financial position?
Financial Position Analysis
Short Term Liabilities: MOD's short term assets ($611.3M) exceed its short term liabilities ($474.2M).
Long Term Liabilities: MOD's short term assets ($611.3M) exceed its long term liabilities ($518.0M).
Debt to Equity History and Analysis
Debt Level: MOD's debt to equity ratio (81.7%) is considered high.
Reducing Debt: MOD's debt to equity ratio has increased from 36.4% to 81.7% over the past 5 years.
Debt Coverage: MOD's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: MOD's interest payments on its debt are not well covered by EBIT (2.7x coverage).
What is Modine Manufacturing's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MOD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MOD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MOD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MOD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MOD is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MOD's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Burke (62yo)
Mr. Thomas A. Burke, also known as Tom, has been the Chief Executive Officer and President of Modine Manufacturing Company since April 1, 2008. Mr. Burke served as the Chief Operating Officer of Modine Man ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD4.62M) is above average for companies of similar size in the US market ($USD1.49M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
|CFO & VP of Finance||8.5yrs||US$1.57m||0.27% $453.0k|
|VP of Commercial & Industrial Solutions and COO||1.25yrs||US$1.04m||0.27% $440.6k|
|VP of Investor Relations & Tax and Treasurer||3.33yrs||no data||no data|
|VP, General Counsel & Corporate Secretary||2.25yrs||no data||0.0026% $4.3k|
|Vice President of Human Resources||7.5yrs||no data||0.071% $118.7k|
|VP & Corporate Controller||7.58yrs||no data||no data|
Experienced Management: MOD's management team is seasoned and experienced (5.4 years average tenure).
|Independent Director||13.5yrs||US$223.75k||0.11% $186.8k|
|Independent Director||9.92yrs||US$208.75k||0.13% $214.1k|
|Lead Director||6.75yrs||US$318.75k||0.22% $369.0k|
|Independent Director||5.17yrs||US$208.75k||0.037% $61.3k|
|Independent Director||9.92yrs||US$208.75k||0.097% $161.5k|
|Independent Director||9.92yrs||US$218.75k||0.096% $159.2k|
|Independent Director||8.75yrs||US$216.25k||0.096% $159.4k|
|Independent Director||1.17yrs||US$21.25k||0.017% $28.2k|
|Independent Director||5.92yrs||US$208.75k||0.048% $80.0k|
Experienced Board: MOD's board of directors are considered experienced (9.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Modine Manufacturing Company's company bio, employee growth, exchange listings and data sources
- Name: Modine Manufacturing Company
- Ticker: MOD
- Exchange: NYSE
- Founded: 1916
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: US$166.141m
- Shares outstanding: 50.81m
- Website: https://www.modine.com
Number of Employees
- Modine Manufacturing Company
- 1500 DeKoven Avenue
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MOD||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Dec 1972|
|MMF||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 1972|
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 Vehicular Thermal Solutions, Commercial and Industrial Solutions, and Building HVAC Systems segments. The company offers powertrain cooling products, including engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, such as power steering and transmission oil coolers; component assemblies; radiators for special applications; on-engine cooling products comprising exhaust gas recirculation, engine oil, fuel, charge air, and intake air coolers; and chillers and cooling plates for battery thermal management. It also provides heat-exchanger and microchannel Coils; unit, fluid, transformer oil, and brine coolers, as well as remote condensers; and coatings to protect against corrosion. In addition, 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. It serves automobile, truck, bus, and specialty vehicle OEMs; agricultural, industrial, and construction equipment OEMs; commercial and industrial equipment OEMs; heating, ventilation, and cooling OEMs; construction architects and contractors; and wholesalers of heating equipment. The company has operations in North America, South America, Europe, the Asia/Pacific, the Middle East, and Africa. Modine Manufacturing Company was founded in 1916 and is headquartered in Racine, Wisconsin.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 03:11|
|End of Day Share Price||2020/04/06 00:00|
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.