A Business at a Glance
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MODINE MANUFACTURING CO
MOD
$13.0B
Mkt Cap
$241.79
-3.14%
MODINE MANUFACTURING CO (MOD) has a current P/E ratio of 132.1, compared to its historical median P/E of 23.2. The stock is currently considered Expensive based on its historical valuation range.
MODINE MANUFACTURING CO (MOD) has a 5-year average return on invested capital (ROIC) of 8.6%. This is below average and may indicate limited pricing power.
MODINE MANUFACTURING CO (MOD) has a market capitalization of $13.8B. It is classified as a large-cap stock.
MODINE MANUFACTURING CO (MOD) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.18%.
Based on historical P/E analysis, MODINE MANUFACTURING CO (MOD) appears expensive. The current P/E of 132.1 is 470% above its historical median of 23.2. The estimated fair value CAGR (P/E method) is 30.6%.
MODINE MANUFACTURING CO (MOD) operates in the Motor Vehicle Parts & Accessories industry, within the Consumer Cyclical sector.
MODINE MANUFACTURING CO (MOD) reported annual revenue of $2.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
At Modine Manufacturing Company, we are Engineering a Cleaner, Healthier World ™. Building on more than 100 years of excellence in thermal management, we provide trusted products and technologies that help improve our world. Our broad portfolio of systems and solutions support our mission of improving indoor air quality, conserving natural resources, lowering harmful emissions, enabling cleaner running vehicles, and using environmentally friendly refrigerants. We sell innovative and environmentally responsible thermal management products and solutions to diversified customers in a wide array of commercial, industrial, and building heating, ventilating, air conditioning, and refrigeration (“HVAC&R”) markets. In addition, we are a leading provider of engineered heat transfer systems and high-quality heat transfer components for use in on- and off-highway original equipment manufacturer (“OEM”) vehicular applications.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.9B | 2.6B | 2.4B | 2.3B | 2.1B | 1.8B |
| Net Income | 98M | 184M | 162M | 153M | 85M | -211M |
| EPS | $1.73 | $3.42 | $3.03 | $2.90 | $1.62 | $-4.11 |
| Free Cash Flow | -20M | 129M | 127M | 57M | -29M | 117M |
| ROIC | 12.0% | 17.9% | 18.3% | 18.1% | 14.1% | -25.6% |
| Gross Margin | 23.7% | 24.9% | 21.8% | 16.9% | 15.1% | 16.2% |
| Debt/Equity | 0.55 | 0.39 | 0.58 | 0.60 | 0.85 | 0.97 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 313M | 284M | 241M | 150M | 119M | -98M |
| Operating Margin | 10.9% | 11.0% | 10.0% | 6.5% | 5.8% | -5.4% |
| ROE | 8.7% | 22.2% | 24.1% | 29.3% | 21.3% | -50.4% |
| Shares Outstanding | 57M | 54M | 53M | 53M | 53M | 51M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.5B | 1.5B | 1.4B | 1.5B | 2.1B | 2.2B | 2.0B | 1.8B | 2.1B | 2.3B | 2.4B | 2.6B | 2.9B |
| Gross Margin | 16.1% | 16.5% | 17.3% | 16.9% | 17.0% | 16.5% | 15.6% | 16.2% | 15.1% | 16.9% | 21.8% | 24.9% | 23.7% |
| R&D | 62M | 62M | 61M | 64M | 66M | 70M | 60M | 46M | 50M | 44M | 42M | 35M | 35M |
| SG&A | 182M | 185M | 170M | 203M | 246M | 244M | 250M | 211M | 215M | 234M | 274M | 332M | 340M |
| EBIT | 37M | 53M | 37M | 42M | 92M | 110M | 38M | -98M | 119M | 150M | 241M | 284M | 313M |
| Op. Margin | 2.5% | 3.5% | 2.7% | 2.8% | 4.4% | 5.0% | 1.9% | -5.4% | 5.8% | 6.5% | 10.0% | 11.0% | 10.9% |
| Net Income | 129M | 22M | -1.6M | 14M | 22M | 84M | -2.2M | -211M | 85M | 153M | 162M | 184M | 98M |
| Net Margin | 8.7% | 1.4% | -0.1% | 0.9% | 1.0% | 3.8% | -0.1% | -11.7% | 4.2% | 6.7% | 6.7% | 7.1% | 3.4% |
| Non-Recurring | 17M | 11M | 26M | 11M | 18M | 9.1M | 12M | 180M | 80M | 4.9M | 15M | 28M | 25M |
| Returns on Capital | |||||||||||||
| ROIC | 27.3% | 7.3% | 8.5% | 4.4% | 6.1% | 11.7% | 2.5% | -25.6% | 14.1% | 18.1% | 18.3% | 17.9% | 12.0% |
| ROE | 37.3% | 5.5% | -0.4% | 3.5% | 4.9% | 16.5% | -0.4% | -50.4% | 21.3% | 29.3% | 24.1% | 22.2% | 8.7% |
| ROA | 13.9% | 2.2% | -0.2% | 1.2% | 1.5% | 5.4% | -0.1% | -15.0% | 6.3% | 10.2% | 9.5% | 9.8% | 3.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 105M | 64M | 72M | 42M | 124M | 103M | 58M | 150M | 12M | 108M | 215M | 213M | 109M |
| Free Cash Flow | 51M | 5.2M | 9.6M | -23M | 53M | 29M | -13M | 117M | -29M | 57M | 127M | 129M | -20M |
| Owner Earnings | 43M | 7.9M | 17M | -24M | 38M | 19M | -26M | 75M | -49M | 46M | 148M | 109M | 6.5M |
| CapEx | 53M | 58M | 63M | 64M | 71M | 74M | 71M | 33M | 40M | 51M | 88M | 84M | 129M |
| Maint. CapEx | 58M | 52M | 50M | 58M | 77M | 77M | 77M | 69M | 55M | 55M | 56M | 78M | 78M |
| Growth CapEx | 0 | 6.7M | 13M | 6.1M | 0 | 0 | 0 | 0 | 0 | 0 | 32M | 6.3M | 51M |
| D&A | 58M | 52M | 50M | 58M | 77M | 77M | 77M | 69M | 55M | 55M | 56M | 78M | 78M |
| CapEx/OCF | 50.8% | 91.8% | 86.7% | 154.8% | 57.2% | 71.5% | 123.1% | 21.8% | 350.4% | 47.2% | 40.9% | 39.4% | 118.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 6.9M | 0 | 0 | 600K | 2.4M | 0 | 0 | 9.0M | 18M | 31M | 25M |
| Buyback Yield | N/A | N/A | 1.2% | N/A | N/A | 0.1% | 1.3% | N/A | N/A | 0.6% | 0.3% | 0.7% | 0.2% |
| Stock-Based Comp | 3.6M | 4.0M | 4.9M | 7.4M | 9.5M | 7.9M | 6.6M | 6.3M | 5.7M | 6.6M | 11M | 26M | 24M |
| Debt Repayment | 152M | 51M | 27M | 202M | 223M | 242M | 630M | 184M | 307M | 403M | 260M | 496M | 496M |
| Balance Sheet | |||||||||||||
| Net Debt | 39M | 52M | 90M | 479M | 440M | 408M | 413M | 297M | 332M | 285M | 374M | 281M | 517M |
| Cash & Equiv. | 87M | 71M | 69M | 34M | 39M | 42M | 71M | 38M | 45M | 67M | 60M | 72M | 99M |
| Long-Term Debt | 126M | 125M | 125M | 444M | 432M | 435M | 473M | 337M | 374M | 352M | 422M | 343M | 571M |
| Debt/Equity | 0.30 | 0.35 | 0.43 | 1.25 | 0.99 | 0.85 | 1.00 | 0.97 | 0.85 | 0.60 | 0.58 | 0.39 | 0.55 |
| Interest Coverage | 3.0 | 4.5 | 3.3 | 2.5 | 3.6 | 4.4 | 1.7 | -5.0 | 7.6 | 7.3 | 10.0 | 10.7 | 11.9 |
| Equity | 425M | 356M | 376M | 414M | 490M | 534M | 488M | 349M | 451M | 593M | 748M | 910M | 1.1B |
| Total Assets | 1.0B | 931M | 921M | 1.4B | 1.6B | 1.5B | 1.5B | 1.3B | 1.4B | 1.6B | 1.9B | 1.9B | 2.5B |
| Total Liabilities | 604M | 570M | 538M | 1.0B | 1.1B | 997M | 1.0B | 921M | 969M | 966M | 1.1B | 999M | 1.4B |
| Intangibles | 12M | 9.9M | 8.2M | 134M | 130M | 116M | 106M | 101M | 90M | 81M | 188M | 147M | 203M |
| Retained Earnings | 338M | 360M | 358M | 372M | 395M | 472M | 470M | 259M | 344M | 498M | 659M | 843M | 891M |
| Working Capital | 142M | 140M | 139M | 98M | 128M | 177M | 261M | 176M | 263M | 339M | 348M | 420M | 708M |
| Current Assets | 499M | 451M | 413M | 553M | 643M | 647M | 633M | 645M | 758M | 846M | 894M | 961M | 1.3B |
| Current Liabilities | 357M | 311M | 274M | 455M | 516M | 470M | 372M | 469M | 495M | 507M | 546M | 541M | 596M |
| Per Share Data | |||||||||||||
| EPS | 2.72 | 0.45 | -0.03 | 0.29 | 0.43 | 1.65 | -0.04 | -4.11 | 1.62 | 2.90 | 3.03 | 3.42 | 1.73 |
| Owner EPS | 0.90 | 0.16 | 0.32 | -0.50 | 0.74 | 0.36 | -0.47 | 1.46 | -0.93 | 0.88 | 2.77 | 2.03 | 0.11 |
| Book Value | 8.98 | 7.42 | 7.05 | 8.58 | 9.58 | 10.44 | 8.87 | 6.80 | 8.57 | 11.23 | 14.03 | 16.92 | 19.72 |
| Cash Flow/Share | 2.21 | 1.32 | 1.36 | 0.86 | 2.43 | 2.02 | 1.05 | 2.92 | 0.22 | 2.04 | 4.03 | 3.96 | 3.09 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 47.3M | 48.0M | 53.3M | 48.3M | 51.2M | 51.2M | 55.0M | 51.3M | 52.6M | 52.8M | 53.3M | 53.8M | 56.9M |
| Valuation | |||||||||||||
| P/E Ratio | 5.2 | 29.6 | N/A | 39.3 | 48.1 | 8.4 | N/A | N/A | 5.7 | 7.6 | 31.4 | 23.2 | 139.7 |
| P/FCF | 13.1 | 123.1 | 58.9 | N/A | 19.9 | 24.1 | N/A | 6.5 | N/A | 20.4 | 40.0 | 33.0 | N/A |
| EV/EBIT | 16.0 | 10.9 | N/A | 14.9 | 12.2 | 6.7 | 3.9 | N/A | 3.9 | 7.4 | 21.0 | 15.0 | 45.6 |
| Price/Book | 1.6 | 1.8 | 1.5 | 1.3 | 2.2 | 1.3 | 0.4 | 2.2 | 1.1 | 2.0 | 6.8 | 4.7 | 12.3 |
| Price/Sales | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.3 | 0.2 | 0.3 | 0.4 | 1.1 | 2.3 | 4.8 |
| FCF Yield | 7.5% | 0.8% | 1.7% | -4.1% | 5.0% | 4.1% | -7.1% | 15.3% | -5.9% | 4.9% | 2.5% | 3.0% | -0.1% |
| Market Cap | 681M | 646M | 566M | 558M | 1.1B | 711M | 188M | 765M | 484M | 1.2B | 5.1B | 4.3B | 13.8B |
| Avg. Price | 12.43 | 13.70 | 9.65 | 11.40 | 18.50 | 15.71 | 10.53 | 8.47 | 12.90 | 16.08 | 47.83 | 108.72 | 241.79 |
| Year-End Price | 14.21 | 13.34 | 10.61 | 11.40 | 20.70 | 13.83 | 3.42 | 14.92 | 9.21 | 21.92 | 95.19 | 79.25 | 241.79 |
MODINE MANUFACTURING CO passes 4 of 9 quality checks, suggesting mixed fundamentals.
MODINE MANUFACTURING CO trades at 132.1x trailing earnings, compared to its 15-year median P/E of 23.2x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 8.6% with a gross margin of 19.0%. Total shareholder yield (buybacks) is 0.2%. At current prices, the estimated annualized return to fair value is +24.3%.
MODINE MANUFACTURING CO (MOD) has a net profit margin of 7.1%. This is a modest margin.
MODINE MANUFACTURING CO (MOD) generated $129 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MODINE MANUFACTURING CO (MOD) has a debt-to-equity ratio of 0.39. This indicates a conservatively financed balance sheet.
MODINE MANUFACTURING CO (MOD) reported earnings per share (EPS) of $3.42 in its most recent fiscal year.
MODINE MANUFACTURING CO (MOD) has a return on equity (ROE) of 22.2%. This indicates the company generates strong returns for shareholders.
MODINE MANUFACTURING CO (MOD) has a 5-year average gross margin of 19.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for MODINE MANUFACTURING CO (MOD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MODINE MANUFACTURING CO (MOD) has a book value per share of $16.92, based on its most recent annual SEC filing.
No recent press releases.