Modine (MOD) AI Stock Analysis

• Market Cap: $5.31B
• Dividend Yield: N/A
• Average Volume (3M): 871.64K
• Price to Earnings (P/E): 28.9
• Beta (1Y): 2.25
• Revenue Growth: 7.30%
• EPS Growth: 13.50%
• Country: US
• Employees: 11,000
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Auto - Parts
• EPS (TTM): 1.12
• Shares Outstanding: 52,391,884
• 10 Day Avg. Volume: 845,660
• 30 Day Avg. Volume: 871,639
• PEG Ratio: 2.02
• Price to Book (P/B): 5.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 41.06
• Enterprise Value/Market Cap: 1.05
• Enterprise Value/Revenue: 0.56
• Enterprise Value/Gross Profit: 8.66
• Enterprise Value/Ebitda: 4.26
• 1Y Price Target: $127.00
• Price Target Upside: 28.93% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 77 Outperform
• Price Target: $113.00 ▲(14.72%Upside)

Modine's overall stock score reflects strong financial performance and positive earnings call outcomes, offset by a high valuation and technical indicators suggesting caution. The merger with LBW Holding Corp. adds strategic value, enhancing growth prospects.

Positive Factors

Financial Performance

Modine generated $647 million of revenue, exceeding the consensus of $631 million, and adjusted EPS of $1.12, beating the consensus of $0.96.

Market Engagement

Modine Manufacturing's leadership team was featured at a prominent growth stock conference, indicating interest and confidence from the financial community.

Negative Factors

Market Downturn

The downturn in the trucking cycle is more severe than when Modine Manufacturing last provided guidance.

Sector Challenges

The Performance Tech segment has a weak outlook, with commercial and off-highway sectors struggling.

Modine Business Overview & Revenue Model

Company Description

Modine Manufacturing Company (MOD) is a global leader in thermal management solutions, serving a diverse range of industries including automotive, HVAC, commercial vehicle, and industrial markets. Founded in 1916 and headquartered in Racine, Wisconsin, Modine specializes in the design, manufacturing, and testing of heat transfer products. Its core offerings include radiators, oil coolers, charge air coolers, and HVAC systems that are integral to the operation and efficiency of vehicles and industrial equipment.

How the Company Makes Money

Modine makes money primarily through the sale of its thermal management products and systems to original equipment manufacturers (OEMs) and the aftermarket. Its revenue streams are diversified across its key business segments: Automotive, Commercial and Industrial Solutions, Building HVAC Systems, and Performance Technologies. Modine's earnings are bolstered by its strong relationships with automotive and industrial OEMs, as well as its investments in research and development to innovate and enhance its product offerings. The company also benefits from its global manufacturing footprint, which allows it to serve customers in various regions efficiently. Strategic partnerships and acquisitions further support Modine's growth and expansion in emerging markets and technologies.

Modine Financial Statement Overview

Summary

Modine exhibits solid financial health with consistent revenue and profit growth, improved margins, and effective cash flow management. The balance sheet shows better leverage control, although debt levels require ongoing attention. Overall, Modine's financial statements reflect a well-managed company with a positive growth trajectory in the auto parts industry.

Income Statement

Modine has demonstrated consistent revenue growth, with a 7.3% increase from 2024 to 2025. The gross profit margin improved to 24.9%, and the net profit margin rose to 7.1%, indicating enhanced profitability. The EBIT and EBITDA margins also showed positive trends. Overall, the income statement reflects strong growth and profitability, enhancing Modine's financial position.

Balance Sheet

The debt-to-equity ratio improved, reflecting better leverage management, with a decrease from 0.68 in 2024 to 0.39 in 2025. The return on equity improved to 20.2%, showing efficient utilization of equity. The equity ratio increased to 47.5%, indicating a stronger equity base. However, the company still carries significant debt, which poses potential risks.

Cash Flow

Modine's free cash flow grew by 2.5% from 2024 to 2025, demonstrating effective cash management. The operating cash flow to net income ratio is robust at 1.16, reflecting strong cash generation relative to net income. The free cash flow to net income ratio is also healthy at 0.70, indicating efficient conversion of income to cash flow.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	2.58B	2.41B	2.30B	2.05B	1.81B
Gross Profit	643.80M	525.60M	389.40M	309.30M	293.40M
EBITDA	358.10M	294.80M	208.00M	171.90M	-31.30M
Net Income	184.00M	161.50M	153.10M	85.20M	-209.50M
Balance Sheet
Total Assets	1.92B	1.85B	1.57B	1.43B	1.28B
Cash, Cash Equivalents and Short-Term Investments	71.60M	60.10M	70.60M	48.90M	37.80M
Total Debt	350.80M	509.00M	413.40M	431.70M	390.50M
Total Liabilities	999.40M	1.10B	966.30M	968.90M	920.60M
Stockholders Equity	910.20M	747.60M	599.60M	458.10M	348.70M
Cash Flow
Free Cash Flow	129.30M	126.10M	56.80M	-28.80M	117.10M
Operating Cash Flow	213.30M	214.60M	107.50M	11.50M	149.80M
Investing Cash Flow	-86.60M	-283.40M	-50.40M	-51.00M	-31.30M
Financing Cash Flow	-113.60M	62.70M	-33.30M	39.20M	-145.10M

Modine Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 98.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MOD, the sentiment is Positive. The current price of 98.5 is above the 20-day moving average (MA) of 95.52, above the 50-day MA of 92.26, and below the 200-day MA of 107.00, indicating a neutral trend. The MACD of 2.25 indicates Negative momentum. The RSI at 55.35 is Neutral, neither overbought nor oversold. The STOCH value of 71.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MOD.

Modine Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VC	83 Outperform	$2.57B	8.74	25.15%	―	-1.35%	-39.06%
MOD	77 Outperform	$5.31B	28.85	22.20%	―	7.30%	13.50%
BWA	76 Outperform	$7.38B	27.02	5.38%	1.31%	-8.23%	-52.61%
LEA	75 Outperform	$5.04B	11.06	10.00%	3.26%	-3.15%	-6.70%
Sector *	66 Neutral	£1.85B	11.46	6.20%	3.04%	0.61%	-17.57%
GTX	61 Neutral	$2.13B	8.13	-41.90%	2.29%	-10.26%	―
GT	59 Neutral	$3.06B	12.37	5.06%	―	-5.43%	―

Modine Corporate Events

Modine Announces Merger with LBW Holding Corp.

On May 29, 2025, Modine Manufacturing Company announced a merger agreement with LBW Holding Corp., under which LBW Holding will become a wholly owned subsidiary of Modine. The transaction, valued at approximately $112 million, is expected to close by May 31, 2025, and aims to enhance Modine’s market position in climate solutions. The acquisition is anticipated to be accretive to earnings per share and will be funded through cash on hand and existing credit facilities, with no financing conditions or regulatory reviews required for closing.

The most recent analyst rating on (MOD) stock is a Buy with a $120.00 price target. To see the full list of analyst forecasts on Modine stock, see the MOD Stock Forecast page.