(MOD) Modine Manufacturing - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6078281002

Heat Exchangers, HVAC, Data Cooling, Powertrain Cooling, Coatings

Stock: Automotive Parts & Equipment
Age 35.8y
MCap 7,207m
Avg Vol 879K (119M USD)
Beta 2.067
Volatility 63.92%

EPS (Earnings per Share)

EPS (Earnings per Share) of MOD over the last years for every Quarter: "2020-12": 0.41, "2021-03": 0.51, "2021-06": 0.17, "2021-09": 0.15, "2021-12": 0.31, "2022-03": 0.57, "2022-06": 0.32, "2022-09": 0.48, "2022-12": 0.48, "2023-03": 0.67, "2023-06": 0.85, "2023-09": 0.89, "2023-12": 0.74, "2024-03": 0.77, "2024-06": 1.04, "2024-09": 0.97, "2024-12": 0.92, "2025-03": 1.12, "2025-06": 1.06, "2025-09": 1.06, "2025-12": 0,
EPS CAGR: -42.64%
EPS Trend: 30.6%
Last SUE: -4.00
Qual. Beats: 0

Revenue

Revenue of MOD over the last years for every Quarter: 2020-12: 484.3, 2021-03: 514.9, 2021-06: 494.6, 2021-09: 478.9, 2021-12: 502.2, 2022-03: 574.4, 2022-06: 541, 2022-09: 578.8, 2022-12: 560, 2023-03: 618.1, 2023-06: 622.4, 2023-09: 620.5, 2023-12: 561.4, 2024-03: 603.5, 2024-06: 661.5, 2024-09: 658, 2024-12: 616.8, 2025-03: 647.2, 2025-06: 682.8, 2025-09: 738.9, 2025-12: null,
Rev. CAGR: 10.85%
Rev. Trend: 86.2%
Last SUE: 2.02
Qual. Beats: 2

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 63.9%
Value at Risk 5%th 101%
Relative Tail Risk -3.81%
Reward TTM
Sharpe Ratio 0.37
Alpha -24.28
CAGR/Max DD 1.69
Character TTM
Hurst Exponent 0.561
Beta 2.067
Beta Downside 2.216
Drawdowns 3y
Max DD 51.61%
Mean DD 12.57%
Median DD 7.55%

Description: MOD Modine Manufacturing January 09, 2026

Modine Manufacturing (NYSE: MOD) designs, engineers, tests, manufactures, and sells mission-critical thermal-management solutions across a broad industrial spectrum, serving markets in North America, Europe, and Asia. Its product portfolio spans heat-transfer units (e.g., round-tube plate-fin heaters, roof-mounted makeup-air units), HVAC components (chillers, air handlers, ceiling cassettes), and specialized cooling systems for data centers, power-train, and high-density electronics.

The company’s revenue is heavily weighted toward the automotive and industrial segments, with FY 2023 sales of roughly $1.3 billion and an operating margin of about 9 %. Recent earnings calls highlighted a ~15 % compound annual growth rate (CAGR) in its electric-vehicle (EV) power-train cooling business, driven by rising EV production volumes and stricter thermal-management regulations.

Key macro drivers include U.S. construction-spending trends (which influence demand for HVAC and building-management solutions) and global data-center capex growth, projected to rise 10-12 % annually through 2027. A lingering uncertainty is the pace of supply-chain normalization for aluminum and stainless-steel inputs, which could affect gross-margin stability.

For a deeper quantitative view of MOD’s valuation metrics and scenario analysis, a quick look at ValueRay’s analyst dashboard can help you spot potential upside or downside risks.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income: 186.2m TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.27 > 1.0
NWC/Revenue: 23.31% < 20% (prev 16.73%; Δ 6.58% < -1%)
CFO/TA 0.07 > 3% & CFO 172.3m > Net Income 186.2m
Net Debt (498.3m) to EBITDA (353.3m): 1.41 < 3
Current Ratio: 2.00 > 1.5 & < 3
Outstanding Shares: last quarter (53.8m) vs 12m ago -0.19% < -2%
Gross Margin: 24.11% > 18% (prev 0.24%; Δ 2387 % > 0.5%)
Asset Turnover: 124.9% > 50% (prev 129.7%; Δ -4.82% > 0%)
Interest Coverage Ratio: 10.78 > 6 (EBITDA TTM 353.3m / Interest Expense TTM 25.6m)

Altman Z'' 4.53

A: 0.26 (Total Current Assets 1.25b - Total Current Liabilities 625.9m) / Total Assets 2.39b
B: 0.39 (Retained Earnings 938.6m / Total Assets 2.39b)
C: 0.13 (EBIT TTM 276.0m / Avg Total Assets 2.15b)
D: 0.63 (Book Value of Equity 836.4m / Total Liabilities 1.32b)
Altman-Z'' Score: 4.53 = AA

Beneish M -2.90

DSRI: 1.14 (Receivables 559.0m/452.9m, Revenue 2.69b/2.48b)
GMI: 0.99 (GM 24.11% / 23.84%)
AQI: 0.92 (AQ_t 0.28 / AQ_t-1 0.31)
SGI: 1.08 (Revenue 2.69b / 2.48b)
TATA: 0.01 (NI 186.2m - CFO 172.3m) / TA 2.39b)
Beneish M-Score: -2.90 = A

ValueRay F-Score (Strict, 0-100) 66.07

1. Piotroski: 5.50pt
2. FCF Yield: 0.90%
3. FCF Margin: 2.58%
4. Debt/Equity: 0.55
5. Debt/Ebitda: 1.41
6. ROIC - WACC: 1.12%
7. RoE: 19.44%
8. Revenue Trend: 86.18%
9. EPS Trend: 30.57%

What is the price of MOD shares?

As of January 25, 2026, the stock is trading at USD 145.99 with a total of 617,903 shares traded.
Over the past week, the price has changed by +6.66%, over one month by +6.07%, over three months by -4.21% and over the past year by +4.28%.

Is MOD a buy, sell or hold?

Modine Manufacturing has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy MOD.
  • Strong Buy: 4
  • Buy: 1
  • Hold: 1
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the MOD price?

Issuer Target Up/Down from current
Wallstreet Target Price 183 25.4%
Analysts Target Price 183 25.4%
ValueRay Target Price 233.4 59.8%

MOD Fundamental Data Overview January 20, 2026

P/E Trailing = 39.3333
P/E Forward = 22.0264
P/S = 2.6833
P/B = 6.8406
P/EG = 0.6472
Revenue TTM = 2.69b USD
EBIT TTM = 276.0m USD
EBITDA TTM = 353.3m USD
Long Term Debt = 525.8m USD (from longTermDebt, last quarter)
Short Term Debt = 56.3m USD (from shortTermDebt, last quarter)
Debt = 582.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 498.3m USD (from netDebt column, last quarter)
Enterprise Value = 7.70b USD (7.21b + Debt 582.1m - CCE 83.8m)
Interest Coverage Ratio = 10.78 (Ebit TTM 276.0m / Interest Expense TTM 25.6m)
EV/FCF = 111.3x (Enterprise Value 7.70b / FCF TTM 69.2m)
FCF Yield = 0.90% (FCF TTM 69.2m / Enterprise Value 7.70b)
FCF Margin = 2.58% (FCF TTM 69.2m / Revenue TTM 2.69b)
Net Margin = 6.93% (Net Income TTM 186.2m / Revenue TTM 2.69b)
Gross Margin = 24.11% ((Revenue TTM 2.69b - Cost of Revenue TTM 2.04b) / Revenue TTM)
Gross Margin QoQ = 22.32% (prev 24.22%)
Tobins Q-Ratio = 3.23 (Enterprise Value 7.70b / Total Assets 2.39b)
Interest Expense / Debt = 1.43% (Interest Expense 8.30m / Debt 582.1m)
Taxrate = 29.67% (18.9m / 63.7m)
NOPAT = 194.1m (EBIT 276.0m * (1 - 29.67%))
Current Ratio = 2.00 (Total Current Assets 1.25b / Total Current Liabilities 625.9m)
Debt / Equity = 0.55 (Debt 582.1m / totalStockholderEquity, last quarter 1.05b)
Debt / EBITDA = 1.41 (Net Debt 498.3m / EBITDA 353.3m)
Debt / FCF = 7.20 (Net Debt 498.3m / FCF TTM 69.2m)
Total Stockholder Equity = 957.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.66% (Net Income 186.2m / Total Assets 2.39b)
RoE = 19.44% (Net Income TTM 186.2m / Total Stockholder Equity 957.6m)
RoCE = 18.61% (EBIT 276.0m / Capital Employed (Equity 957.6m + L.T.Debt 525.8m))
RoIC = 13.72% (NOPAT 194.1m / Invested Capital 1.42b)
WACC = 12.59% (E(7.21b)/V(7.79b) * Re(13.53%) + D(582.1m)/V(7.79b) * Rd(1.43%) * (1-Tc(0.30)))
Discount Rate = 13.53% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.56%
[DCF Debug] Terminal Value 62.69% ; FCFF base≈81.1m ; Y1≈79.4m ; Y5≈80.4m
Fair Price DCF = 4.83 (EV 752.7m - Net Debt 498.3m = Equity 254.4m / Shares 52.6m; r=12.59% [WACC]; 5y FCF grow -3.15% → 2.90% )
EPS Correlation: 30.57 | EPS CAGR: -42.64% | SUE: -4.0 | # QB: 0
Revenue Correlation: 86.18 | Revenue CAGR: 10.85% | SUE: 2.02 | # QB: 2
EPS current Year (2026-03-31): EPS=4.67 | Chg30d=-0.001 | Revisions Net=+0 | Growth EPS=+15.4% | Growth Revenue=+17.8%
EPS next Year (2027-03-31): EPS=6.35 | Chg30d=+0.000 | Revisions Net=+4 | Growth EPS=+35.9% | Growth Revenue=+15.3%

Additional Sources for MOD Stock

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Fund Manager Positions: Dataroma | Stockcircle