Overview Dividends

(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

Automotive Parts & Equipment
Market Cap in USD: 6,843m

IPO / Inception: 1990-03-26
Return 12m vs S&P 500: -13.0%

EPS (Earnings per Share)

EPS CAGR: -42.64%
EPS Trend: 30.6%

Last SUE: -4.00
Qual. Beats: 0

Revenue

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	70.6%
Value at Risk 5%th	112%
Relative Tail Risk	-3.93%

Reward TTM
Sharpe Ratio	0.35
Alpha	-32.76
CAGR/Max DD	1.48

Character TTM
Hurst Exponent	0.556
Beta	2.076
Beta Downside	2.263

Drawdowns 3y
Max DD	51.61%
Mean DD	12.41%
Median DD	7.25%

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) 5.0

Net Income (186.2m TTM) > 0 and > 6% of Revenue (6% = 161.1m TTM)

FCFTA 0.03 (>2.0%) and ΔFCFTA -2.27pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 23.31% (prev 16.73%; Δ 6.58pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.07 (>3.0%) and CFO 172.3m <= Net Income 186.2m (YES >=105%, WARN >=100%)

Net Debt (498.3m) to EBITDA (353.3m) ratio: 1.41 <= 3.0 (WARN <= 3.5)

Current Ratio 2.00 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (53.8m) change vs 12m ago -0.19% (target <= -2.0% for YES)

Gross Margin 24.11% (prev 23.84%; Δ 0.26pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 124.9% (prev 129.7%; Δ -4.82pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 10.78 (EBITDA TTM 353.3m / Interest Expense TTM 25.6m) >= 6 (WARN >= 3)

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 (Balance) 938.6m / Total Assets 2.39b

(D) 0.63 = Book Value of Equity 836.4m / Total Liabilities 1.32b

Total Rating: 4.53 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 65.62

1. Piotroski 5.0pt

2. FCF Yield 0.94%

3. FCF Margin 2.58%

4. Debt/Equity 0.55

5. Debt/Ebitda 1.41

6. ROIC - WACC (= 1.14)%

7. RoE 19.44%

8. Rev. Trend 86.18%

9. EPS Trend 30.57%

What is the price of MOD shares?

As of January 11, 2026, the stock is trading at USD 125.14 with a total of 2,415,720 shares traded.
Over the past week, the price has changed by -11.13%, over one month by -18.18%, over three months by -16.05% and over the past year by +5.31%.

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	46.2%
Analysts Target Price	183	46.2%
ValueRay Target Price	185	47.8%

MOD Fundamental Data Overview January 08, 2026

P/E Trailing = 37.4553
P/E Forward = 20.8768
P/S = 2.5478
P/B = 6.4952
P/EG = 0.6146
Beta = 1.701
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 = 7.34b USD (6.84b + Debt 582.1m - CCE 83.8m)
Interest Coverage Ratio = 10.78 (Ebit TTM 276.0m / Interest Expense TTM 25.6m)
EV/FCF = 106.1x (Enterprise Value 7.34b / FCF TTM 69.2m)
FCF Yield = 0.94% (FCF TTM 69.2m / Enterprise Value 7.34b)
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 = 3.08 (Enterprise Value 7.34b / 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 = 12.58% (E(6.84b)/V(7.42b) * Re(13.56%) + D(582.1m)/V(7.42b) * Rd(1.43%) * (1-Tc(0.30)))
Discount Rate = 13.56% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.56%
[DCF Debug] Terminal Value 62.74% ; FCFF base≈81.1m ; Y1≈79.4m ; Y5≈80.4m
Fair Price DCF = 4.86 (EV 754.1m - Net Debt 498.3m = Equity 255.8m / Shares 52.6m; r=12.58% [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=+0.014 | Revisions Net=+0 | Growth EPS=+15.4% | Growth Revenue=+17.8%
EPS next Year (2027-03-31): EPS=6.35 | Chg30d=+0.035 | Revisions Net=+4 | Growth EPS=+35.9% | Growth Revenue=+15.3%

Additional Sources for MOD Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle