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Modine Manufacturing Company (MOD)



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Upturn Advisory Summary
10/10/2025: MOD (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $160
1 Year Target Price $160
4 | Strong Buy |
1 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 29.04% | Avg. Invested days 36 | 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 7.62B USD | Price to earnings Ratio 41.61 | 1Y Target Price 160 |
Price to earnings Ratio 41.61 | 1Y Target Price 160 | ||
Volume (30-day avg) 6 | Beta 2.06 | 52 Weeks Range 64.79 - 159.54 | Updated Date 10/12/2025 |
52 Weeks Range 64.79 - 159.54 | Updated Date 10/12/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.49 |
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 7.21% | Operating Margin (TTM) 11.6% |
Management Effectiveness
Return on Assets (TTM) 9.45% | Return on Equity (TTM) 20.87% |
Valuation
Trailing PE 41.61 | Forward PE 34.01 | Enterprise Value 8161705650 | Price to Sales(TTM) 2.93 |
Enterprise Value 8161705650 | Price to Sales(TTM) 2.93 | ||
Enterprise Value to Revenue 3.13 | Enterprise Value to EBITDA 22.96 | Shares Outstanding 52490229 | Shares Floating 51640937 |
Shares Outstanding 52490229 | Shares Floating 51640937 | ||
Percent Insiders 1.61 | Percent Institutions 110.79 |
Upturn AI SWOT
Modine Manufacturing Company

Company Overview
History and Background
Modine Manufacturing Company was founded in 1916. It started as a manufacturer of radiators for automobiles and has evolved into a global leader in thermal management solutions.
Core Business Areas
- Climate Solutions: Development, manufacturing, and testing of heating, ventilation, and air conditioning (HVAC) systems, including coils, coolers, condensers, and custom solutions for commercial, industrial, and data center applications.
- Performance Technologies: Design and manufacture of powertrain cooling solutions, advanced heat exchangers, and electronics cooling components for on- and off-highway vehicles, as well as industrial applications.
Leadership and Structure
Neil D. Brinker serves as the President and Chief Executive Officer. The company operates with a functional organizational structure with global business units.
Top Products and Market Share
Key Offerings
- Product Name 1: Engine Cooling Systems: Complete cooling modules for on- and off-highway vehicles. Competitors: Dana Incorporated, Mahle GmbH. Market share data is proprietary. Automotive segment estimated to generate $12B worldwide in 2024.
- Product Name 2: Data Center Cooling: Custom cooling solutions for data centers, including liquid cooling and air-cooled systems. Competitors: Vertiv, STULZ. Market share data is proprietary. Growing demand for high power density server racks drives revenue.
- Product Name 3: Commercial HVAC Coils: Chilled water, hot water, and steam coils for commercial HVAC systems. Competitors: Carrier Global Corporation, Trane Technologies. Market share data is proprietary. Key to efficiency and longevity of HVAC systems
Market Dynamics
Industry Overview
The thermal management industry is driven by increasing demand for efficiency and regulatory standards. Growth is fueled by electrification of vehicles, growth in data center infrastructure, and increasing global temperatures.
Positioning
Modine is a well-established player with a focus on engineered thermal solutions. Its competitive advantage lies in its customization capabilities and global manufacturing footprint.
Total Addressable Market (TAM)
The global thermal management market is estimated to reach $150 billion by 2030. Modine is well-positioned to capture a significant share of this growing market.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Global manufacturing footprint
- Engineering expertise
- Diverse product portfolio
- Strong customer relationships
Weaknesses
- Exposure to cyclical industries
- Dependence on commodity prices
- High debt levels
- Slower growth compared to some competitors
Opportunities
- Growing demand for electric vehicle cooling
- Expansion of data center infrastructure
- Increasing regulatory focus on energy efficiency
- Acquisition of complementary businesses
- Penetration of new geographic markets
Threats
- Increased competition
- Fluctuations in raw material costs
- Economic downturns
- Technological obsolescence
- Changes in government regulations
Competitors and Market Share
Key Competitors
- Dana Incorporated (DAN)
- Valeo SA (FR.PA)
- BorgWarner Inc. (BWA)
Competitive Landscape
Modine competes on product customization, engineering expertise, and global footprint. It faces competition from larger players with greater financial resources.
Major Acquisitions
Luvata HTS
- Year: 2019
- Acquisition Price (USD millions): 410
- Strategic Rationale: Expanded Modine's heat transfer solutions portfolio and geographic reach.
Growth Trajectory and Initiatives
Historical Growth: Modine's historical growth has been moderate, driven by organic growth and strategic acquisitions.
Future Projections: Analysts project continued revenue growth driven by electrification and data center demand, with improved profitability.
Recent Initiatives: Recent initiatives include restructuring efforts, strategic acquisitions to expand capabilities, and investments in new technologies.
Summary
Modine is a stable player in the thermal management solutions market, benefiting from increasing demand in electric vehicles and data centers. The company is well-positioned to leverage its global presence and engineering capabilities. However, Modine faces risks from cyclical industries, commodity price fluctuations, and intense competition. Strategic initiatives and disciplined execution are crucial for future growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
- Company Website
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market data is based on publicly available information and may not be precise. Investors should conduct their own due diligence before making investment decisions.
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, Interim President of Performance Technologies, 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. 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, Wisconsin.

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