MODINE MANUFACTURING CO (MOD)
US6078281002 - Common Stock
Taking everything into account, MOD scores 4 out of 10 in our fundamental rating. MOD was compared to 81 industry peers in the Automobile Components industry. MOD has an excellent profitability rating, but there are concerns on its financial health. MOD is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MOD was profitable.
MOD had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: MOD reported negative net income in multiple years.
In the past 5 years MOD always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MOD (8.72%) is better than 93.83% of its industry peers.
MOD has a Return On Equity of 21.60%. This is amongst the best in the industry. MOD outperforms 95.06% of its industry peers.
MOD has a Return On Invested Capital of 14.54%. This is amongst the best in the industry. MOD outperforms 93.83% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MOD is in line with the industry average of 9.44%.
The 3 year average ROIC (11.11%) for MOD is below the current ROIC(14.54%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.72% | ||
| ROE | 21.6% | ||
| ROIC | 14.54% |
ROA(3y)8.16%
ROA(5y)1.56%
ROE(3y)22.11%
ROE(5y)1.09%
ROIC(3y)11.11%
ROIC(5y)8.99%
1.3 Margins
Looking at the Profit Margin, with a value of 6.71%, MOD is in line with its industry, outperforming 41.98% of the companies in the same industry.
MOD's Profit Margin has improved in the last couple of years.
MOD has a Operating Margin (10.45%) which is in line with its industry peers.
In the last couple of years the Operating Margin of MOD has grown nicely.
The Gross Margin of MOD (21.83%) is worse than 66.67% of its industry peers.
In the last couple of years the Gross Margin of MOD has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.45% | ||
| PM (TTM) | 6.71% | ||
| GM | 21.83% |
OM growth 3Y31.52%
OM growth 5Y13.62%
PM growth 3YN/A
PM growth 5Y11.95%
GM growth 3Y10.4%
GM growth 5Y5.73%
2. Health
2.1 Basic Checks
MOD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, MOD has more shares outstanding
MOD has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MOD is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.31 indicates that MOD is not in any danger for bankruptcy at the moment.
The Altman-Z score of MOD (5.31) is better than 88.89% of its industry peers.
MOD has a debt to FCF ratio of 3.42. This is a good value and a sign of high solvency as MOD would need 3.42 years to pay back of all of its debts.
With a Debt to FCF ratio value of 3.42, MOD perfoms like the industry average, outperforming 40.74% of the companies in the same industry.
A Debt/Equity ratio of 0.55 indicates that MOD is somewhat dependend on debt financing.
The Debt to Equity ratio of MOD (0.55) is worse than 76.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 3.42 | ||
| Altman-Z | 5.31 |
ROIC/WACC1.59
WACC9.14%
2.3 Liquidity
MOD has a Current Ratio of 1.64. This is a normal value and indicates that MOD is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of MOD (1.64) is worse than 79.01% of its industry peers.
A Quick Ratio of 0.98 indicates that MOD may have some problems paying its short term obligations.
MOD has a Quick ratio of 0.98. This is amonst the worse of the industry: MOD underperforms 81.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 66.67% over the past year.
Measured over the past years, MOD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.52% on average per year.
The Revenue has been growing slightly by 4.78% in the past year.
Measured over the past years, MOD shows a small growth in Revenue. The Revenue has been growing by 1.70% on average per year.
EPS 1Y (TTM)66.67%
EPS 3Y37.14%
EPS 5Y15.52%
EPS Q2Q%14.93%
Revenue 1Y (TTM)4.78%
Revenue growth 3Y10.01%
Revenue growth 5Y1.7%
Sales Q2Q%-2.36%
3.2 Future
The Earnings Per Share is expected to grow by 19.64% on average over the next years. This is quite good.
Based on estimates for the next years, MOD will show a quite strong growth in Revenue. The Revenue will grow by 8.37% on average per year.
EPS Next Y15.26%
EPS Next 2Y16.72%
EPS Next 3Y19.64%
EPS Next 5YN/A
Revenue Next Year7.03%
Revenue Next 2Y7.1%
Revenue Next 3Y8.37%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 32.05 indicates a quite expensive valuation of MOD.
Based on the Price/Earnings ratio, MOD is valued a bit more expensive than the industry average as 70.37% of the companies are valued more cheaply.
MOD's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 24.41.
A Price/Forward Earnings ratio of 27.80 indicates a quite expensive valuation of MOD.
MOD's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. MOD is more expensive than 75.31% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.59. MOD is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.05 | ||
| Fwd PE | 27.8 |
4.2 Price Multiples
79.01% of the companies in the same industry are cheaper than MOD, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, MOD is valued a bit more expensive than 75.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.27 | ||
| EV/EBITDA | 18.1 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MOD does not grow enough to justify the current Price/Earnings ratio.
MOD has a very decent profitability rating, which may justify a higher PE ratio.
MOD's earnings are expected to grow with 19.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.1
PEG (5Y)2.07
EPS Next 2Y16.72%
EPS Next 3Y19.64%
5. Dividend
5.1 Amount
MOD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MODINE MANUFACTURING CO
NYSE:MOD (7/26/2024, 7:04:00 PM)
After market: 104.15 0 (0%)104.15
+4.65 (+4.67%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.46B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.05 | ||
| Fwd PE | 27.8 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.1
PEG (5Y)2.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.72% | ||
| ROE | 21.6% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.45% | ||
| PM (TTM) | 6.71% | ||
| GM | 21.83% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.64 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)66.67%
EPS 3Y37.14%
EPS 5Y
EPS Q2Q%
EPS Next Y15.26%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)4.78%
Revenue growth 3Y10.01%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y