Recent News
July 29, 2025 — Modine announced a $100 million program to expand U.S. manufacturing capacity for Airedale by Modine™ data‑center cooling products, targeting new and expanded sites including the Dallas area and Grenada, MS, with a 12–18 month timeline. June 24, 2025 — industry press reported Modine’s $38 million expansion at its Grenada, Mississippi facility to boost chiller production and testing capacity. August 8, 2025 — Zacks Equity Research named Modine a Bull of the Day, highlighting the company’s recent operational updates and capacity investments.
Technical Analysis
ADX reads 31.79, indicating a strong directional trend that validates recent momentum rather than sideways action.
Directional indicators show DI+ at 30.87 with a peak & reversal pattern, which signals a bearish read for DI+ (DI+ decreasing). DI‑ stands at 16.15 with a peak & reversal pattern, which signals a bullish read for DI‑ (DI‑ decreasing). Those opposing DI signals create short‑term directional tension beneath the stronger ADX reading.
MACD sits at 6.24 and trends increasing while the MACD signal equals 5.82; the MACD currently crosses above the signal line, producing a bullish momentum signal that supports higher near‑term price pressure.
MRO registers 6.07 and shows a peak & reversal pattern; the positive MRO indicates price trades above the WMDST target and therefore carries heightened mean‑reversion risk toward the target level despite current momentum.
RSI measures 63.65 with a dip & reversal pattern; momentum strength favors further upside but not a clearly overbought extreme, which leaves room for additional advance before technical exhaustion.
Price momentum shows multiple bullish confirmations: the 12‑day EMA at $146.14 trends higher and price closed at $152.48, above the 20‑day average of $142.92 and the 50‑day average of $126.59; the chikou span sits above the Ichimoku cloud, reinforcing price leadership on longer frames. Bollinger parameters place the 1x upper band at $151.59 and the 2x upper band at $160.27; price near the 1x upper band signals strength but also proximity to a volatility boundary.
Volume at 736,242 registers below the 10‑day and 50/200‑day averages, suggesting the latest price push lacks broad trading participation, which raises sensitivity to reversal if buying interest fails to reaccelerate.
Fundamental Analysis
Revenue totaled $682,800,000 for the period ending 2025‑06‑30, while net income reached $51,700,000. YoY revenue growth reads -42.76%, while an alternate revenue growth metric reports 5.50%; treat each metric as reported. EPS actual reached $1.06 against an estimate of $0.92, producing an EPS surprise of +15.22%.
Operating performance shows EBIT of $71,500,000 and EBITDA of $90,500,000. EBIT margin equals 10.47%, which sits slightly below the industry peer mean of 10.67% but above the industry peer median of 9.65%, indicating operating profitability roughly in line with peers. Gross margin measures 24.22%, above the industry peer mean of 21.76%.
Liquidity metrics present a current ratio of 2.06 and a quick ratio of 1.28, both above the industry peer mean current ratio of 1.61 and close to the peer quick ratio mean of 1.48, reflecting a conservative near‑term liquidity posture. Cash and short‑term investments total $124,500,000 while net debt sits at $402,600,000.
Leverage and coverage: debt to assets equals 23.65%, slightly above the industry peer mean of 22.70%, while debt to equity equals 0.52, below the industry peer mean of 0.67. Interest coverage reads 12.33x, below the industry peer mean of 15.08x but still indicating ample coverage of interest expense.
Profitability ROE at 5.06% falls under the industry peer mean of 6.24%, while ROA at 2.47% slightly exceeds the industry peer mean of 2.42%. Asset turnover equals 0.329, marginally below the peer mean of 0.360. Free cash flow registered only $200,000, producing a free cash flow yield near 0.0% and free cash flow growth strongly negative, which creates tension between reported earnings and cash generation.
Valuation displays elevated multiples across metrics: P/E at 90.33x, forward P/E at 78.74x, P/B at 6.12x, and P/S at 9.06x—each above many peer means. The current WMDST valuation labels the stock as over‑valued, a conclusion that aligns with the high multiples and the minimal free cash flow yield. The mean analyst price target at $142.48 sits below the latest close of $152.48, reinforcing valuation pressure from a market‑target perspective.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-30 |
| NEXT REPORT DATE: | 2025-11-18 |
| CASH FLOW | Begin Period Cash Flow | $ 71.9 M |
| Operating Cash Flow | $ 27.7 M | |
| Capital Expenditures | $ -27.50 M | |
| Change In Working Capital | $ -51.60 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 52.8 M | |
| End Period Cash Flow | $ 124.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 682.8 M | |
| Forward Revenue | $ 207.4 M | |
| COSTS | ||
| Cost Of Revenue | $ 517.4 M | |
| Depreciation | $ 19.0 M | |
| Depreciation and Amortization | $ 19.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 602.3 M | |
| PROFITABILITY | ||
| Gross Profit | $ 165.4 M | |
| EBITDA | $ 90.5 M | |
| EBIT | $ 71.5 M | |
| Operating Income | $ 80.5 M | |
| Interest Income | $ 500.0 K | |
| Interest Expense | $ 5.8 M | |
| Net Interest Income | $ -5.30 M | |
| Income Before Tax | $ 65.7 M | |
| Tax Provision | $ 14.0 M | |
| Tax Rate | 21.3 % | |
| Net Income | $ 51.2 M | |
| Net Income From Continuing Operations | $ 51.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.92 | |
| EPS Actual | $ 1.06 | |
| EPS Difference | $ 0.14 | |
| EPS Surprise | 15.217 % | |
| Forward EPS | $ 1.19 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.2 B | |
| Intangible Assets | $ 467.0 M | |
| Net Tangible Assets | $ 544.5 M | |
| Total Current Assets | $ 1.2 B | |
| Cash and Short-Term Investments | $ 124.5 M | |
| Cash | $ 124.5 M | |
| Net Receivables | $ 516.6 M | |
| Inventory | $ 434.8 M | |
| Long-Term Investments | $ 121.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 340.0 M | |
| Short-Term Debt | $ 45.0 M | |
| Total Current Liabilities | $ 561.9 M | |
| Net Debt | $ 402.6 M | |
| Total Debt | $ 527.1 M | |
| Total Liabilities | $ 1.2 B | |
| EQUITY | ||
| Total Equity | $ 1.0 B | |
| Retained Earnings | $ 894.2 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 19.28 | |
| Shares Outstanding | 52.500 M | |
| Revenue Per-Share | $ 13.01 | |
| VALUATION | Market Capitalization | $ 6.2 B |
| Enterprise Value | $ 6.6 B | |
| Enterprise Multiple | 72.814 | |
| Enterprise Multiple QoQ | 32.299 % | |
| Enterprise Multiple YoY | 30.237 % | |
| Enterprise Multiple IPRWA | high: 95.131 MOD: 72.814 median: 52.235 mean: 50.395 low: -67.628 |
|
| EV/R | 9.651 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.203 | |
| Asset To Liability | 1.842 | |
| Debt To Capital | 0.343 | |
| Debt To Assets | 0.237 | |
| Debt To Assets QoQ | 29.294 % | |
| Debt To Assets YoY | 1361.867 % | |
| Debt To Assets IPRWA | high: 0.774 median: 0.257 MOD: 0.237 mean: 0.227 low: 0.002 |
|
| Debt To Equity | 0.521 | |
| Debt To Equity QoQ | 35.209 % | |
| Debt To Equity YoY | 1260.245 % | |
| Debt To Equity IPRWA | high: 2.025 median: 0.704 mean: 0.669 MOD: 0.521 low: 0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 6.117 | |
| Price To Book QoQ | 17.315 % | |
| Price To Book YoY | -8.204 % | |
| Price To Book IPRWA | high: 10.918 MOD: 6.117 mean: 5.71 median: 4.996 low: -0.322 |
|
| Price To Earnings (P/E) | 90.327 | |
| Price To Earnings QoQ | 11.646 % | |
| Price To Earnings YoY | -6.299 % | |
| Price To Earnings IPRWA | high: 293.534 MOD: 90.327 mean: 83.012 median: 76.689 low: -53.717 |
|
| PE/G Ratio | -16.862 | |
| Price To Sales (P/S) | 9.061 | |
| Price To Sales QoQ | 23.574 % | |
| Price To Sales YoY | 14.099 % | |
| Price To Sales IPRWA | high: 23.152 MOD: 9.061 mean: 6.167 median: 5.911 low: 0.284 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 78.74 | |
| Forward PE/G | -14.698 | |
| Forward P/S | 29.842 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -0.151 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.329 | |
| Asset Turnover Ratio QoQ | -4.644 % | |
| Asset Turnover Ratio YoY | -7.441 % | |
| Asset Turnover Ratio IPRWA | high: 0.628 mean: 0.36 median: 0.348 MOD: 0.329 low: 0.014 |
|
| Receivables Turnover | 1.372 | |
| Receivables Turnover Ratio QoQ | -4.419 % | |
| Receivables Turnover Ratio YoY | -10.726 % | |
| Receivables Turnover Ratio IPRWA | high: 3.98 mean: 1.795 median: 1.728 MOD: 1.372 low: 0.173 |
|
| Inventory Turnover | 1.334 | |
| Inventory Turnover Ratio QoQ | -6.075 % | |
| Inventory Turnover Ratio YoY | -5.356 % | |
| Inventory Turnover Ratio IPRWA | high: 34.314 mean: 15.996 median: 7.771 MOD: 1.334 low: 0.368 |
|
| Days Sales Outstanding (DSO) | 66.52 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 80.258 | |
| Cash Conversion Cycle Days QoQ | 3.525 % | |
| Cash Conversion Cycle Days YoY | 8.426 % | |
| Cash Conversion Cycle Days IPRWA | high: 187.155 MOD: 80.258 mean: 50.985 median: 50.272 low: -27.376 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.15 | |
| CapEx To Revenue | -0.04 | |
| CapEx To Depreciation | -1.447 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.5 B | |
| Net Invested Capital | $ 1.5 B | |
| Invested Capital | $ 1.5 B | |
| Net Tangible Assets | $ 544.5 M | |
| Net Working Capital | $ 593.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.222 | |
| Current Ratio | 2.056 | |
| Current Ratio QoQ | 15.733 % | |
| Current Ratio YoY | 14.378 % | |
| Current Ratio IPRWA | high: 3.952 MOD: 2.056 mean: 1.61 median: 1.395 low: 0.093 |
|
| Quick Ratio | 1.282 | |
| Quick Ratio QoQ | 11.848 % | |
| Quick Ratio YoY | 15.619 % | |
| Quick Ratio IPRWA | high: 2.807 mean: 1.477 MOD: 1.282 median: 1.186 low: 0.088 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 5.824 | |
| Cost Of Debt | 1.04 % | |
| Interest Coverage Ratio | 12.328 | |
| Interest Coverage Ratio QoQ | -9.381 % | |
| Interest Coverage Ratio YoY | 24.773 % | |
| Interest Coverage Ratio IPRWA | high: 49.953 mean: 15.078 MOD: 12.328 median: 7.686 low: -23.759 |
|
| Operating Cash Flow Ratio | -0.022 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 59.809 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 16.213 % | |
| Revenue Growth | 5.501 % | |
| Revenue Growth QoQ | 11.605 % | |
| Revenue Growth YoY | -42.764 % | |
| Revenue Growth IPRWA | high: 83.442 % mean: 14.103 % median: 11.3 % MOD: 5.501 % low: -29.363 % |
|
| Earnings Growth | -5.357 % | |
| Earnings Growth QoQ | -124.642 % | |
| Earnings Growth YoY | -115.277 % | |
| Earnings Growth IPRWA | high: 192.157 % mean: 36.948 % median: 27.757 % MOD: -5.357 % low: -129.268 % |
|
| MARGINS | ||
| Gross Margin | 24.224 % | |
| Gross Margin QoQ | -5.556 % | |
| Gross Margin YoY | -1.448 % | |
| Gross Margin IPRWA | high: 53.284 % MOD: 24.224 % median: 22.54 % mean: 21.757 % low: 1.408 % |
|
| EBIT Margin | 10.472 % | |
| EBIT Margin QoQ | -5.996 % | |
| EBIT Margin YoY | -6.517 % | |
| EBIT Margin IPRWA | high: 25.6 % mean: 10.666 % MOD: 10.472 % median: 9.646 % low: -4.933 % |
|
| Return On Sales (ROS) | 11.79 % | |
| Return On Sales QoQ | 5.835 % | |
| Return On Sales YoY | 5.249 % | |
| Return On Sales IPRWA | high: 25.639 % MOD: 11.79 % mean: 10.264 % median: 9.505 % low: -4.372 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 200.0 K | |
| Free Cash Flow Yield | 0.0 % | |
| Free Cash Flow Yield QoQ | -100.0 % | |
| Free Cash Flow Yield YoY | -100.0 % | |
| Free Cash Flow Yield IPRWA | high: 10.236 % mean: 1.093 % median: 1.028 % MOD: 0.0 % low: -18.993 % |
|
| Free Cash Growth | -99.262 % | |
| Free Cash Growth QoQ | 152.1 % | |
| Free Cash Growth YoY | -76.287 % | |
| Free Cash Growth IPRWA | high: 289.595 % median: 7.663 % mean: -60.871 % MOD: -99.262 % low: -337.942 % |
|
| Free Cash To Net Income | 0.004 | |
| Cash Flow Margin | -1.787 % | |
| Cash Flow To Earnings | -0.238 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.47 % | |
| Return On Assets QoQ | -6.687 % | |
| Return On Assets YoY | -2.909 % | |
| Return On Assets IPRWA | high: 8.275 % MOD: 2.47 % mean: 2.42 % median: 1.947 % low: -8.889 % |
|
| Return On Capital Employed (ROCE) | 4.29 % | |
| Return On Equity (ROE) | 0.051 | |
| Return On Equity QoQ | -7.102 % | |
| Return On Equity YoY | -15.619 % | |
| Return On Equity IPRWA | high: 0.152 mean: 0.062 median: 0.053 MOD: 0.051 low: -0.23 |
|
| DuPont ROE | 5.329 % | |
| Return On Invested Capital (ROIC) | 3.657 % | |
| Return On Invested Capital QoQ | -14.715 % | |
| Return On Invested Capital YoY | -102.935 % | |
| Return On Invested Capital IPRWA | high: 11.354 % mean: 5.352 % median: 4.156 % MOD: 3.657 % low: -5.909 % |
|