NYSE:MOD

Stock Analysis Report

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Executive Summary

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.


Snowflake Analysis

Moderate growth potential and overvalued.


Similar Companies

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.


Market Performance


7 Day Return

1.2%

MOD

0%

US Auto Components

0%

US Market


1 Year Return

-31.6%

MOD

0%

US Auto Components

0%

US Market

Return vs Industry: MOD underperformed the US Auto Components industry which returned 11.2% over the past year.

Return vs Market: MOD underperformed the US Market which returned 18% over the past year.


Shareholder returns

MODIndustryMarket
7 Day1.2%0%0%
30 Day32.6%0%0%
90 Day95.2%0%0%
1 Year-31.6%-31.6%0%0%0%0%
3 Year-55.6%-55.6%0%0%0%0%
5 Year-22.1%-22.1%0%0%0%0%

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

No news available

Valuation

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

0.72x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MOD ($6.91) is trading above our estimate of fair value ($2.87)

Significantly Below Fair Value: MOD is trading above our estimate of fair value.


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 (0.7x) compared to the US Auto Components industry average (1.8x).


Next Steps

Future Growth

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

164.7%

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 (2.2%).

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 (6.5% per year) is forecast to grow slower than the US market (9.5% per year).

High Growth Revenue: MOD's revenue (6.5% 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


Next Steps

Past Performance

How has Modine Manufacturing performed over the past 5 years?

25.0%

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, but has reduced losses over the past 5 years at a rate of 25% 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 (-22%).


Return on Equity

High ROE: MOD has a negative Return on Equity (-3.78%), as it is currently unprofitable.


Next Steps

Financial Health

How is Modine Manufacturing's financial position?


Financial Position Analysis

Short Term Liabilities: MOD's short term assets ($616.8M) exceed its short term liabilities ($357.0M).

Long Term Liabilities: MOD's short term assets ($616.8M) do not cover its long term liabilities ($667.0M).


Debt to Equity History and Analysis

Debt Level: MOD's debt to equity ratio (98%) is considered high.

Reducing Debt: MOD's debt to equity ratio has increased from 40.4% to 98% over the past 5 years.

Debt Coverage: MOD's debt is not well covered by operating cash flow (14.4%).

Interest Coverage: MOD is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

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?

3.1yrs

Average management tenure


CEO

Mick Lucareli (51 yo)

no data

Tenure

US$1,357,732

Compensation

Mr. Michael B. Lucareli, also known as Mick, has been Vice President of Finance at Modine Manufacturing Company since May 2008 and has been its Chief Financial Officer since October 2011. He also serves as ...


CEO Compensation Analysis

Compensation vs Market: Mick's total compensation ($USD1.36M) is below average for companies of similar size in the US market ($USD2.02M).

Compensation vs Earnings: Mick's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Lucareli
CFO, VP of Financeno dataUS$1.36m0.31%
$ 1.1m
Scott Bowser
VP of Commercial & Industrial Solutions and COO1.58yrsUS$1.35m0.30%
$ 1.1m
Sylvia Stein
VP, General Counsel & Corporate Secretary2.58yrsUS$740.95k0.0089%
$ 31.4k
Thomas Burke
Senior Advisorno dataUS$4.06m1.1%
$ 3.9m
Kathleen Powers
VP of Investor Relations & Tax and Treasurer3.67yrsno datano data
Brian Agen
Vice President of Human Resources7.83yrsno data0.081%
$ 286.3k
Mark Hudson
VP & Corporate Controller7.92yrsno datano data
Thomas Marry
1.58yrsUS$1.70m0.43%
$ 1.5m

3.1yrs

Average Tenure

52.5yo

Average Age

Experienced Management: MOD's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Charles Cooley
Independent Director13.83yrsUS$224.99k0.16%
$ 560.6k
David Anderson
Director0.58yrUS$209.99k0.13%
$ 452.5k
Marsha Williams
Independent Lead Director7.08yrsUS$320.16k0.31%
$ 1.1m
David Bills
Independent Director5.5yrsUS$209.99k0.037%
$ 129.5k
Larry Moore
Independent Director10.25yrsUS$209.99k0.14%
$ 507.0k
Christopher Patterson
Independent Director10.25yrsUS$221.87k0.095%
$ 336.4k
Suresh Garimella
Independent Director9.08yrsUS$217.49k0.14%
$ 502.7k
Eric Ashleman
Independent Director1.5yrsUS$209.99k0.064%
$ 225.3k
Christine Yan
Independent Director6.25yrsUS$209.99k0.048%
$ 169.1k

7.1yrs

Average Tenure

64yo

Average Age

Experienced Board: MOD's board of directors are considered experienced (7.1 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 company bio, 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$353.430m
  • Shares outstanding: 51.15m
  • Website: https://www.modine.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MODNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 1972
MMFDB (Deutsche Boerse AG)YesCommon StockDEEURDec 1972

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/15 05:47
End of Day Share Price2020/08/14 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.