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Modine Manufacturing Company (MOD)



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Upturn Advisory Summary
08/14/2025: MOD (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $158
1 Year Target Price $158
4 | Strong Buy |
1 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 27.5% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.28B USD | Price to earnings Ratio 39.63 | 1Y Target Price 158 |
Price to earnings Ratio 39.63 | 1Y Target Price 158 | ||
Volume (30-day avg) 6 | Beta 2.12 | 52 Weeks Range 64.79 - 146.84 | Updated Date 08/15/2025 |
52 Weeks Range 64.79 - 146.84 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.5 |
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 2025-07-28 | When Before Market | Estimate 0.9771 | Actual 1.06 |
Profitability
Profit Margin 7.21% | Operating Margin (TTM) 11.6% |
Management Effectiveness
Return on Assets (TTM) 9.45% | Return on Equity (TTM) 20.87% |
Valuation
Trailing PE 39.63 | Forward PE 32.05 | Enterprise Value 7725511847 | Price to Sales(TTM) 2.8 |
Enterprise Value 7725511847 | Price to Sales(TTM) 2.8 | ||
Enterprise Value to Revenue 2.97 | Enterprise Value to EBITDA 21.74 | Shares Outstanding 52490200 | Shares Floating 51584248 |
Shares Outstanding 52490200 | Shares Floating 51584248 | ||
Percent Insiders 1.66 | Percent Institutions 108.9 |
Upturn AI SWOT
Modine Manufacturing Company

Company Overview
History and Background
Modine Manufacturing Company was founded in 1916. Initially focused on radiator production, it has evolved into a diversified global leader in thermal management solutions and components.
Core Business Areas
- Climate Solutions: Provides heating, ventilation, and air conditioning (HVAC) systems and components for commercial, industrial, and residential buildings. Includes data center cooling solutions.
- Performance Technologies: Offers cooling solutions for on- and off-highway vehicles and industrial equipment. Includes engine cooling, transmissions, and other fluid cooling applications.
- Automotive: Products and services for passenger vehicles and light trucks.
Leadership and Structure
Neil D. Brinker serves as President and CEO. The company operates with a functional organizational structure, including departments for finance, operations, engineering, and sales.
Top Products and Market Share
Key Offerings
- Cooling Modules: Cooling modules for on- and off-highway vehicles, including agricultural and construction equipment. Modine competes with Denso, Valeo, and Mahle. Market share data is difficult to accurately gauge across all applications but they're estimated to be a top 5 player in the market.
- HVAC Systems: HVAC systems for data centers, commercial buildings, and industrial facilities. Competitors include Trane Technologies and Carrier Global. Specific market share numbers are variable depending on the vertical.
Market Dynamics
Industry Overview
The thermal management industry is experiencing growth due to increasing demand for efficient cooling and heating solutions in various sectors, including automotive, HVAC, and data centers. Regulations related to emissions and energy efficiency also drive innovation.
Positioning
Modine is positioned as a provider of customized thermal management solutions, with a focus on efficiency and reliability. They compete on innovation, customer service, and global reach.
Total Addressable Market (TAM)
The total addressable market is estimated in the billions of dollars. Modine is positioned to capture a significant portion of this TAM through its diversified product portfolio and strategic partnerships.
Upturn SWOT Analysis
Strengths
- Global presence
- Diverse product portfolio
- Strong engineering capabilities
- Established customer relationships
Weaknesses
- Dependence on cyclical industries
- Exposure to commodity price fluctuations
- Intense competition
- Integration risks from acquisitions
Opportunities
- Growth in data center cooling market
- Increased demand for electric vehicle thermal management
- Expansion in emerging markets
- Development of new energy-efficient technologies
Threats
- Economic downturns
- Increased competition from low-cost manufacturers
- Technological disruptions
- Changes in government regulations
Competitors and Market Share
Key Competitors
- DENSO (DNZOY)
- Valeo (VLOEF)
- Mahle (No US Ticker Symbol)
- Tenneco (TEN)
Competitive Landscape
Modine competes based on technology, service, and customization. It has strengths in specific niches but faces competition from larger, more diversified players.
Major Acquisitions
Luvata HTS
- Year: 2016
- Acquisition Price (USD millions): 422
- Strategic Rationale: Expanded Modine's heat transfer technology portfolio and global footprint.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by organic expansion and strategic acquisitions.
Future Projections: Analyst estimates project continued revenue growth and improved profitability, driven by new product launches and market expansion.
Recent Initiatives: Recent initiatives include expanding into the data center cooling market and investing in electric vehicle thermal management solutions.
Summary
Modine shows stable growth, driven by HVAC and automotive segments. A diversified portfolio and global presence are strengths. Dependence on cyclical industries and increased competition present challenges. Strategic initiatives should strengthen its market position.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company financial reports
- Industry reports
- Analyst estimates
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company performance can change.
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 designs, engineers, tests, manufactures, and sells mission-critical thermal solutions in the United States, Canada, Italy, Hungary, the United Kingdom, China, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer products, including round tube plate fin construction; gas-fired, hydronic, electric, and oil fired unit heaters; roof-mounted direct- and indirect-fired makeup air units, duct furnaces, infrared units, and perimeter heating products; single packaged unit ventilators, modular chillers, air handler and condensing units, and 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 that consists 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 sells 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, chillers, and condensers; 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, Wi

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