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Modine Manufacturing

DB:MMF
Snowflake Description

Undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MMF
DB
$166M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. The last earnings update was 62 days ago. More info.


Add to Portfolio Compare Print
  • Modine Manufacturing has significant price volatility in the past 3 months.
MMF Share Price and Events
7 Day Returns
4.8%
DB:MMF
3.7%
DE Auto Components
2.1%
DE Market
1 Year Returns
-77.6%
DB:MMF
-47.8%
DE Auto Components
-16.6%
DE Market
MMF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Modine Manufacturing (MMF) 4.8% -42.4% -53.3% -77.6% -69.1% -74.6%
DE Auto Components 3.7% -20.4% -41.1% -47.8% -63.5% -67.9%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • MMF underperformed the Auto Components industry which returned -47.8% over the past year.
  • MMF underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
MMF
Industry
5yr Volatility vs Market
Related Companies

MMF Value

 Is Modine Manufacturing undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Modine Manufacturing to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Modine Manufacturing.

DB:MMF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MMF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 21%) (307.99%))
2.951
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:MMF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Modine Manufacturing is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:MMF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 31.30 Analyst x1 28.33
2021 78.00 Analyst x1 63.89
2022 90.20 Analyst x1 66.87
2023 98.53 Est @ 9.23% 66.11
2024 104.78 Est @ 6.34% 63.63
2025 109.31 Est @ 4.32% 60.08
2026 112.49 Est @ 2.91% 55.96
2027 114.65 Est @ 1.92% 51.62
2028 116.06 Est @ 1.23% 47.29
2029 116.92 Est @ 0.74% 43.12
Present value of next 10 years cash flows $546.00
DB:MMF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $116.92 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$1,070.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,070.41 ÷ (1 + 10.49%)10
$394.75
DB:MMF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $546.00 + $394.75
$940.75
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $940.75 / 50.81
$18.52
DB:MMF Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MMF represents 0.93051x of NYSE:MOD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93051x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 18.52 x 0.93051
€17.23
Value per share (EUR) From above. €17.23
Current discount Discount to share price of €3.08
= -1 x (€3.08 - €17.23) / €17.23
82.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Modine Manufacturing is available for.
Intrinsic value
>50%
Share price is €3.08 vs Future cash flow value of €17.23
Current Discount Checks
For Modine Manufacturing to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Modine Manufacturing's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Modine Manufacturing's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Modine Manufacturing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Modine Manufacturing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MMF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.21
NYSE:MOD Share Price ** NYSE (2020-04-07) in USD $3.31
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 12.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Modine Manufacturing.

DB:MMF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MOD Share Price ÷ EPS (both in USD)

= 3.31 ÷ 0.21

15.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Modine Manufacturing is overvalued based on earnings compared to the DE Auto Components industry average.
  • Modine Manufacturing is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Modine Manufacturing's expected growth come at a high price?
Raw Data
DB:MMF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
53.9%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:MMF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.71x ÷ 53.9%

0.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Modine Manufacturing is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Modine Manufacturing's assets?
Raw Data
DB:MMF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $10.58
NYSE:MOD Share Price * NYSE (2020-04-07) in USD $3.31
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.7x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:MMF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MOD Share Price ÷ Book Value per Share (both in USD)

= 3.31 ÷ 10.58

0.31x

* Primary Listing of Modine Manufacturing.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Modine Manufacturing is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Modine Manufacturing's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Modine Manufacturing has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MMF Future Performance

 How is Modine Manufacturing expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
53.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Modine Manufacturing expected to grow at an attractive rate?
  • Modine Manufacturing's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Modine Manufacturing's earnings growth is expected to exceed the Germany market average.
  • Modine Manufacturing's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MMF Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MMF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 53.9%
DB:MMF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.6%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 49.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MMF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MMF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 2,200 84 1
2022-03-31 2,112 150 77 2
2021-03-31 1,978 129 62 4
2020-04-07
2020-03-31 1,993 92 11 4
DB:MMF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,059 82 11
2019-09-30 2,127 84 27
2019-06-30 2,176 108 71
2019-03-31 2,213 103 84
2018-12-31 2,223 86 96
2018-09-30 2,194 88 50
2018-06-30 2,154 100 27
2018-03-31 2,103 124 22
2017-12-31 2,025 113 13
2017-09-30 1,862 101 42
2017-06-30 1,671 61 22
2017-03-31 1,503 42 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Modine Manufacturing's earnings are expected to grow significantly at over 20% yearly.
  • Modine Manufacturing's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MMF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Modine Manufacturing Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MMF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 1.65 1.65 1.65 1.00
2022-03-31 1.51 1.53 1.48 2.00
2021-03-31 1.20 1.33 1.13 3.00
2020-04-07
2020-03-31 0.21 0.21 0.20 2.00
DB:MMF Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.21
2019-09-30 0.54
2019-06-30 1.39
2019-03-31 1.67
2018-12-31 1.90
2018-09-30 0.99
2018-06-30 0.54
2018-03-31 0.44
2017-12-31 0.25
2017-09-30 0.86
2017-06-30 0.46
2017-03-31 0.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Modine Manufacturing will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Modine Manufacturing's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Modine Manufacturing has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MMF Past Performance

  How has Modine Manufacturing performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Modine Manufacturing's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Modine Manufacturing's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Modine Manufacturing's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Modine Manufacturing's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
Modine Manufacturing's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Modine Manufacturing Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MMF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,059.30 10.70 191.80 69.80
2019-09-30 2,126.90 27.40 185.40 69.80
2019-06-30 2,175.60 70.50 181.40 69.80
2019-03-31 2,212.70 84.40 177.20 69.80
2018-12-31 2,222.60 95.60 176.50 65.80
2018-09-30 2,194.30 49.70 180.10 65.80
2018-06-30 2,153.70 27.10 179.00 65.80
2018-03-31 2,103.10 22.00 179.00 65.80
2017-12-31 2,024.80 12.50 166.90 64.40
2017-09-30 1,861.90 42.20 156.20 64.40
2017-06-30 1,671.30 22.30 139.80 64.40
2017-03-31 1,503.00 14.00 124.90 64.40
2016-12-31 1,358.40 13.70 151.70 61.10
2016-09-30 1,337.30 20.20 143.40 61.10
2016-06-30 1,353.60 1.90 142.70 61.10
2016-03-31 1,352.50 -1.60 106.90 61.10
2015-12-31 1,371.80 -12.30 177.20
2015-09-30 1,406.70 -11.60 182.00
2015-06-30 1,450.00 12.50 183.90
2015-03-31 1,496.40 21.00 124.50 62.00
2014-12-31 1,524.00 141.90 188.20
2014-09-30 1,507.40 129.40 185.50
2014-06-30 1,494.30 132.30 183.70
2014-03-31 1,477.60 128.70 181.70
2013-12-31 1,446.60 8.80 172.40
2013-09-30 1,425.70 3.80 170.20
2013-06-30 1,401.40 -13.00 165.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Modine Manufacturing has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Modine Manufacturing used its assets less efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Modine Manufacturing has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Modine Manufacturing's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Modine Manufacturing has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MMF Health

 How is Modine Manufacturing's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Modine Manufacturing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Modine Manufacturing is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Modine Manufacturing's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Modine Manufacturing's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Modine Manufacturing Company Filings, last reported 3 months ago.

DB:MMF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 543.00 443.90 36.20
2019-09-30 525.60 461.40 32.30
2019-06-30 546.30 453.30 29.10
2019-03-31 541.10 449.70 46.00
2018-12-31 540.70 467.40 30.70
2018-09-30 523.40 479.90 35.80
2018-06-30 486.20 506.30 41.40
2018-03-31 498.50 479.40 45.00
2017-12-31 471.60 485.90 47.80
2017-09-30 489.60 505.50 50.50
2017-06-30 456.60 530.60 41.50
2017-03-31 421.20 510.90 38.90
2016-12-31 404.40 513.80 50.00
2016-09-30 388.90 171.00 63.00
2016-06-30 387.80 171.30 64.10
2016-03-31 382.70 162.60 72.20
2015-12-31 369.70 153.80 81.50
2015-09-30 365.60 150.70 64.90
2015-06-30 375.50 151.50 60.70
2015-03-31 360.60 148.70 73.30
2014-12-31 422.90 153.60 79.90
2014-09-30 426.70 159.80 71.30
2014-06-30 446.60 162.30 74.00
2014-03-31 428.60 164.40 87.20
2013-12-31 294.50 168.30 86.30
2013-09-30 293.90 169.40 59.90
2013-06-30 276.00 166.70 30.90
  • Modine Manufacturing's level of debt (81.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.4% vs 81.7% today).
  • Debt is not well covered by operating cash flow (18.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Modine Manufacturing's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Modine Manufacturing has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MMF Dividends

 What is Modine Manufacturing's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Modine Manufacturing dividends.
If you bought €2,000 of Modine Manufacturing shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Modine Manufacturing's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Modine Manufacturing's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MMF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MMF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31
2020-04-07
2020-03-31
DB:MMF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2010-11-05 0.000 0.000
2010-10-28 0.000 0.000
2010-08-03 0.000 0.000
2010-07-29 0.000 0.000
2010-06-10 0.000 0.000
2010-06-03 0.000 0.000
2010-02-08 0.000 0.000
2010-02-02 0.000 0.000
2009-11-05 0.000 0.000
2009-10-29 0.000 0.000
2009-08-05 0.000 0.000
2009-07-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Modine Manufacturing has not reported any payouts.
  • Unable to verify if Modine Manufacturing's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Modine Manufacturing's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Modine Manufacturing has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Modine Manufacturing's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Modine Manufacturing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Modine Manufacturing has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MMF Management

 What is the CEO of Modine Manufacturing's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Burke
COMPENSATION $4,623,907
AGE 62
TENURE AS CEO 12 years
CEO Bio

Mr. Thomas A. Burke, also known as Tom, has been the Chief Executive Officer and President of Modine Manufacturing Company since April 1, 2008. Mr. Burke served as the Chief Operating Officer of Modine Manufacturing Co. from July 2006 to March 2008 and its Chief Technology Officer since September 2008. He served as the Chief Executive Officer and President of Composite Solutions Inc. from June 1999 to October 21, 1999. He is employee at Telephone & Data Systems Inc. He served as Interim Regional Vice President of Americas of Modine Manufacturing Co., since December 31, 2007 and served as its Executive Vice President from May 31, 2005 to April 2008. He joined Modine in May 2005. Mr. Burke served as Vice President of North America Manufacturing Operations at Visteon Corp. from November 2002 to June 2005 and also served as its Vice President of North America and Asia Manufacturing since November 2002. He also served as Vice President, European and South American Operations at Visteon Corp. from 2001 to 2002. Mr. Burke served as Vice President of Europe and South America Manufacturing Operations of Visteon Corp. and led an effort to develop and implement business strategies to enhance Modine Manufacturing Co's global manufacturing product portfolio. He also served Visteon Corp., as Director of Engineering for Visteon's Ford Account and as Director of Climate Control Systems for Europe, South America and India, until 1996. Mr. Burke has a strong background in and knowledge of thermal management technology. He spent 13 years with Ford Motor Company, where he joined in 1983 in the climate control division in a variety of engineering and operations positions in the U.S. and Mexico. He serves as a Trustee of Manufacturers Alliance for Productivity and Innovation, Inc. He has been a Director of Modine Manufacturing Company since April 1, 2008 and served as Director of USG Corporation since September 27, 2013 until April 24, 2019. Mr. Burke has served as Director of the National Association of Manufacturers and Chairman of the Racine County Workforce Development Board. Mr. Burke served as a Director of Composite Solutions Inc. from June 1999 to October 21, 1999. Mr. Burke received a Bachelor's Degree in Engineering in 1979 from Purdue University and has completed the Executive Business Program at Northwestern University's Kellogg Management Institute.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tom's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Modine Manufacturing management team in years:

5.4
Average Tenure
51
Average Age
  • The average tenure for the Modine Manufacturing management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tom Burke

TITLE
President
COMPENSATION
$5M
AGE
62
TENURE
12 yrs

Mick Lucareli

TITLE
CFO & VP of Finance
COMPENSATION
$2M
AGE
50
TENURE
8.5 yrs

Scott Bowser

TITLE
VP of Commercial & Industrial Solutions and COO
COMPENSATION
$1M
AGE
55
TENURE
1.3 yrs

Tom Marry

TITLE
COMPENSATION
$2M
AGE
58
TENURE
1.3 yrs

Kathy Powers

TITLE
VP of Investor Relations & Tax and Treasurer
AGE
50
TENURE
3.3 yrs

Sylvia Stein

TITLE
VP, General Counsel & Corporate Secretary
AGE
52
TENURE
2.3 yrs

Brian Agen

TITLE
Vice President of Human Resources
AGE
49
TENURE
7.5 yrs

Mark Hudson

TITLE
VP & Corporate Controller
AGE
47
TENURE
7.6 yrs
Board of Directors Tenure

Average tenure and age of the Modine Manufacturing board of directors in years:

9.3
Average Tenure
62.5
Average Age
  • The tenure for the Modine Manufacturing board of directors is about average.
Board of Directors

Tom Burke

TITLE
President
COMPENSATION
$5M
AGE
62
TENURE
12 yrs

Marsha Williams

TITLE
Lead Director
COMPENSATION
$319K
AGE
68
TENURE
6.8 yrs

Charlie Cooley

TITLE
Independent Director
COMPENSATION
$224K
AGE
63
TENURE
13.5 yrs

Chris Patterson

TITLE
Independent Director
COMPENSATION
$219K
AGE
65
TENURE
9.9 yrs

Dave Anderson

TITLE
Independent Director
COMPENSATION
$209K
AGE
72
TENURE
9.9 yrs

Larry Moore

TITLE
Independent Director
COMPENSATION
$209K
AGE
69
TENURE
9.9 yrs

Suresh Garimella

TITLE
Independent Director
COMPENSATION
$216K
AGE
55
TENURE
8.8 yrs

Christine Yan

TITLE
Independent Director
COMPENSATION
$209K
AGE
53
TENURE
5.9 yrs

David Bills

TITLE
Independent Director
COMPENSATION
$209K
AGE
57
TENURE
5.2 yrs

Eric Ashleman

TITLE
Independent Director
COMPENSATION
$21K
AGE
52
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. Nov 19 Buy Thomas Burke Individual 20. Nov 19 20. Nov 19 10,000 €6.16 €61,584
21. Nov 19 Sell Matthew McBurney Individual 20. Nov 19 20. Nov 19 -4,900 €6.21 €-30,450
21. Nov 19 Buy Scott Bowser Individual 19. Nov 19 19. Nov 19 5,000 €6.30 €31,495
21. Nov 19 Buy Michael Lucareli Individual 20. Nov 19 20. Nov 19 5,000 €6.12 €30,617
X
Management checks
We assess Modine Manufacturing's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Modine Manufacturing has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MMF News

Simply Wall St News

MMF Company Info

Description

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Vehicular Thermal Solutions, Commercial and Industrial Solutions, and Building HVAC Systems segments. The company offers powertrain cooling products, including engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, such as power steering and transmission oil coolers; component assemblies; radiators for special applications; on-engine cooling products comprising exhaust gas recirculation, engine oil, fuel, charge air, and intake air coolers; and chillers and cooling plates for battery thermal management. It also provides heat-exchanger and microchannel Coils; unit, fluid, transformer oil, and brine coolers, as well as remote condensers; and coatings to protect against corrosion. In addition, the company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; hydronic products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; commercial packaged rooftop ventilation units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air-handling units; chillers; ceiling cassettes; hybrid fan coils; and condensing units. It serves automobile, truck, bus, and specialty vehicle OEMs; agricultural, industrial, and construction equipment OEMs; commercial and industrial equipment OEMs; heating, ventilation, and cooling OEMs; construction architects and contractors; and wholesalers of heating equipment. The company has operations in North America, South America, Europe, the Asia/Pacific, the Middle East, and Africa. Modine Manufacturing Company was founded in 1916 and is headquartered in Racine, Wisconsin.

Details
Name: Modine Manufacturing Company
MMF
Exchange: DB
Founded: 1916
$152,550,893
50,807,721
Website: http://www.modine.com
Address: Modine Manufacturing Company
1500 DeKoven Avenue,
Racine,
Wisconsin, 53403,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MOD Common Stock New York Stock Exchange US USD 20. Dec 1972
DB MMF Common Stock Deutsche Boerse AG DE EUR 20. Dec 1972
Number of employees
Current staff
Staff numbers
12,200
Modine Manufacturing employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:20
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/05
Last earnings filing: 2020/02/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.