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Modine Manufacturing Company (MOD)



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Upturn Advisory Summary
04/01/2025: MOD (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 114.91% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.22B USD | Price to earnings Ratio 27.02 | 1Y Target Price 144.85 |
Price to earnings Ratio 27.02 | 1Y Target Price 144.85 | ||
Volume (30-day avg) 1447455 | Beta 2.48 | 52 Weeks Range 72.49 - 146.84 | Updated Date 04/1/2025 |
52 Weeks Range 72.49 - 146.84 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.97 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.31% | Operating Margin (TTM) 10.77% |
Management Effectiveness
Return on Assets (TTM) 10.23% | Return on Equity (TTM) 20.21% |
Valuation
Trailing PE 27.02 | Forward PE 16.98 | Enterprise Value 4322054500 | Price to Sales(TTM) 1.66 |
Enterprise Value 4322054500 | Price to Sales(TTM) 1.66 | ||
Enterprise Value to Revenue 1.7 | Enterprise Value to EBITDA 13.19 | Shares Outstanding 52574000 | Shares Floating 51755949 |
Shares Outstanding 52574000 | Shares Floating 51755949 | ||
Percent Insiders 1.52 | Percent Institutions 106.79 |
Analyst Ratings
Rating 4.43 | Target Price 147.35 | Buy 2 | Strong Buy 4 |
Buy 2 | Strong Buy 4 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Modine Manufacturing Company

Company Overview
History and Background
Modine Manufacturing Company was founded in 1916. Initially focused on radiator manufacturing for tractors and automobiles, it has evolved into a diversified global leader in thermal management solutions and components.
Core Business Areas
- Climate Solutions: Focuses on heating, ventilation, and air conditioning (HVAC) systems and components for commercial, industrial, and residential applications.
- Performance Technologies: Develops and manufactures heat exchangers, coolers, and other thermal management solutions for on- and off-highway vehicles, as well as industrial equipment.
- Automotive: Supplies cooling and thermal management technologies for the automotive industry, supporting the growth of EVs.
Leadership and Structure
Neil D. Brinker serves as President and CEO. The company operates with a global organizational structure, divided by business segments with functional support teams.
Top Products and Market Share
Key Offerings
- Coils and Heat Exchangers: Used in HVAC systems. Modine competes with Carrier, Trane Technologies, and Lennox International. Difficult to ascertain precise market share due to diverse applications.
- Cooling Systems for Commercial Vehicles: Used in on- and off-highway vehicles. Competition includes Dana Incorporated and BorgWarner. Market share data not publicly available. Contribute significantly to Performance Technologies revenue.
- EV Thermal Management: Batteries and power electronics cooling systems for electric vehicles. Competition includes Dana and Valeo. Limited market share currently, high growth potential.
Market Dynamics
Industry Overview
The thermal management industry is driven by increasing demands for energy efficiency, regulatory compliance, and electrification. Global trends toward sustainability and reduced emissions are key drivers.
Positioning
Modine holds a strong position in thermal management, leveraging its engineering expertise and global manufacturing footprint. It is adapting to the changing market with EV technologies and green initiatives.
Total Addressable Market (TAM)
The total addressable market for thermal management solutions is estimated to be hundreds of billions of dollars globally. Modine is positioned to capture a larger share, especially in emerging markets such as EV technology.
Upturn SWOT Analysis
Strengths
- Diversified product portfolio
- Global manufacturing footprint
- Strong engineering capabilities
- Established customer relationships
- Increasing revenue in EV
Weaknesses
- Exposure to cyclical industries
- Dependence on commodity prices
- Potential supply chain disruptions
- Lower profitability than some competitors
Opportunities
- Growing demand for energy-efficient solutions
- Expansion into emerging markets
- Development of new technologies for EVs
- Strategic acquisitions to expand product lines
Threats
- Intense competition
- Economic downturns
- Regulatory changes
- Technological obsolescence
Competitors and Market Share
Key Competitors
- DAN
- BWA
- MLI
Competitive Landscape
The thermal management industry is highly competitive. Modine differentiates itself through its engineering expertise, global manufacturing footprint, and focus on innovation. Competitors have varying strengths in specific segments or geographies.
Major Acquisitions
Luvata Heat Transfer Solutions
- Year: 2016
- Acquisition Price (USD millions): 443
- Strategic Rationale: Expands Modine's product portfolio and global footprint in the heat transfer market.
Growth Trajectory and Initiatives
Historical Growth: Modine has experienced moderate growth in recent years, driven by strategic acquisitions and organic initiatives.
Future Projections: Analysts expect Modine to continue to grow in the coming years, driven by demand for energy-efficient solutions and expansion into new markets.
Recent Initiatives: Strategic acquisitions and divestitures to reshape portfolio. Focusing on high-growth markets such as electric vehicles and data centers.
Summary
Modine is a global thermal management company with a diversified product portfolio, showing improvement in financial performance. Strategic acquisitions and focus on EV technologies drive future growth. The company needs to navigate intense competition and economic cycles. Their growth trajectory is promising within the thermal management industry.
Similar Companies
- DAN
- BWA
- GNTX
- CVOO
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q), Investor Presentations, Analyst Reports
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered as financial advice. Investment decisions should be made after consulting with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Modine Manufacturing Company
Exchange NYSE | Headquaters Racine, WI, United States | ||
IPO Launch date 1990-03-26 | President, CEO & Director Mr. Neil D. Brinker | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 11000 | Website https://www.modine.com |
Full time employees 11000 | Website https://www.modine.com |
Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers. It also provides data center products consisting of IT cooling solutions, including precision air conditioning units for data center applications; computer room air conditioning and handler units; hybrid fan coils; fan walls; chillers; condensers; condensing units; and liquid cooling solutions for high-density computing, as well as replacement parts, maintenance service and control solutions for existing equipment and new building management controls and systems. In addition, the company offers powertrain cooling products, such as radiators, condensers, engine cooling modules, charge air coolers, fan shrouds, and surge tanks; cooling module generator sets; aluminum and stainless steel engine oil coolers, exhaust gas recirculation coolers, liquid charge air coolers, transmission and retarder oil coolers, and chillers; battery thermal management systems, electronics cooling packages, battery chillers, battery cooling plates, coolers and casings for electronics cooling, and coolers for electric axles; and coatings products and application services. Modine Manufacturing Company was incorporated in 1916 and is headquartered in Racine, Wisconsin.
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