Modine Manufacturing Company (MOD) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-76.1%

$29.26

vs $122.59 price

Levered DCF

$18.98

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.93

Safe zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	96.32×	21.93×	30.49×	7.87×	5.49×	-3.59×	-75.23×	8.57×
P/B	9.8×	4.44×	6.58×	2.03×	1.04×	2.17×	0.34×	1.36×
P/S	3.68×	1.56×	2.04×	0.52×	0.23×	0.42×	0.08×	0.33×
EV / EBITDA	41×	12.55×	18.43×	7.7×	5.21×	-36.91×	6.24×	5.78×
Gross margin	23.0%	25.0%	21.9%	16.9%	15.1%	16.2%	15.6%	16.5%
Operating margin	11.0%	11.0%	10.0%	6.5%	5.8%	-5.4%	1.9%	5.0%
Net margin	3.8%	7.1%	6.7%	6.7%	4.2%	-11.7%	-0.1%	3.8%
Current ratio	1.94×	1.78×	1.64×	1.67×	1.53×	1.37×	1.7×	1.38×
Debt / equity	0.49×	0.58×	0.76×	0.78×	1.05×	1.25×	1.22×	0.84×
Interest coverage	11.07×	10.74×	9.99×	7.27×	7.64×	-5.04×	1.67×	4.42×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.2%	20.2%	21.6%	25.8%	18.9%	-60.4%	-0.5%	15.9%
Return on invested capital	11.4%	14.3%	13.5%	13.7%	10.4%	-11.6%	-0.6%	9.3%
Return on assets	4.6%	9.6%	8.7%	9.8%	6.0%	-16.5%	-0.1%	5.5%
Free cash flow yield	0.9%	3.2%	2.6%	4.7%	-6.1%	15.5%	-8.1%	4.0%
Earnings yield	1.0%	4.6%	3.3%	12.7%	18.2%	-27.8%	-1.3%	11.7%
Enterprise value	$12.2B	$4.5B	$5.4B	$1.6B	$896.2M	$1.2B	$688.1M	$1.1B
Net debt / EBITDA	1.7×	1.28×	1.73×	1.9×	2.49×	-12.7×	4.75×	2.08×
Cash conversion cycle (days)	90	77	79	62	56	45	50	40