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Modine Manufacturing Company (MOD)

NYSE - NYSE Delayed Price. Currency in USD
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11.11+0.49 (+4.61%)
At close: 04:00PM EDT
10.93 -0.18 (-1.62%)
After hours: 05:19PM EDT
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  • T
    TR
    Fiscal 2022 EBITDA OF $159M was $1.62 EPS.

    Fiscal 2023 EBITDA guidance midpoint of $187M should be around $1.90 EPS.

    What multiple do we put on that, similar to Trane & Carrier? Its certainly no auto parts company now.
  • T
    TR
    Conf. Call. : Share repurchase plan reinstituted. Beginning this quarter.
  • T
    The Gooch
    Beautiful movement. Coordinated shorts trying to jump onboard and just getting clobbered along the way!
    Bullish
  • T
    TR
    Hanging in there, I believe this new management team will produce! Its been a tough couple of years for them in new jobs here.
  • B
    Bruce White
    Great quarter, $12.00 here we come
  • M
    Michael
    Finally!
  • T
    The Gooch
    Don’t bet against the 80/20. $MOD
    Bullish
  • B
    Boland
    In at $8.15 just now. Know it will be a long term hold but I really like what they are trying to do strategically, and hope that their debt level is low enough to allow them the runway to pull it off…
  • J
    Jordan
    We're extremely pleased with the positioning we took in MOD in early Oct. '21 (avg. basis = $7.19) .... just an FYI, using the same criteria/requirements which we used to locate MOD, we've found another great mid-size Company in the "value" manufacturing sector. It's Hurco, Inc. out of Indianapolis (HURC). With 25% of its Market cap held in cash and trading @ around 5X the net cash generated ... we believe it's a fantastic BUY ... similar to the "signals" used on taking our MOD position. Take a look at them. It's a very quiet Company that has fantastic financial discipline and it's beginning to scale.
  • J
    JeffreyT
    Snagged some shares after hours with a limit at $9.65. Didn’t think that would work. Seriously undervalued company. Continuously penalized for the automotive business.
  • S
    S
    of course the stock price tanks with good ER. Same with my other companies today. -8% AH, WTH?
  • T
    The Gooch
    Fantastic setup here! Just wait until MOD announces their partnership(s) for hydrogen trucks.
    Bullish
  • T
    TR
    the new stimulus Bill includes huge amounts for new HVAC systems in public schools. modine stands ready to serve.
    Bullish
  • C
    Commandor58
    Bought a lot of MOD under $6.00 recently. Consensus for Sept Q is $.08, I think MOD could be $.12 or better. Sales estimate is $395, whereas I think they could be closer to $420 million. 3rdQ and 4th Qs should be sequentially higher.

    Sale of HDE division could be $100-$200 million or $2.00-$4.00/share. When that is done, the stock could jump by that amount, the rest of the business is worth $10/share. So buying under $6.00 for a company a year from now could be worth $12-$14/share.
  • T
    TR
    Last year Chicago-based Madison Industries acquired Modine competitor Nortek Air Management for $3.6B. That was 2.3X Nortek sales of $1.58B and 12.5X Adjusted EBITDA of $290M.

    With sales of $2B and 2022 guidance of Adjusted EBITDA of $170-$185M and Net debt of $297M; what's Modine really worth? A lot more than the $440M market cap suggests, I think.
  • T
    T O
    Guidance of 1.55 to 1.70 full year EPS. Should trade around $17-18 with a 10-12x multiple.
    Bullish
  • T
    The Gooch
    As goes $CARR so goes $MOD. Looking strong in HVAC and with Biden’s approach to American made $MOD is a strong winner now and in the foreseeable future.
    Bullish
  • D
    DMD
    Never bet against a quality WI-based manufacturer!!

    🐃 🐂 SNORT!!!! 🐂 🐃

    🔥📈🚀👍🆙⬆️⤴️🔼⤴️⬆️🆙👍🚀📈🔥
  • T
    The Gooch
    Massive beat! Congrats $MOD shareholders!
    Bullish
  • T
    The Gooch
    Bought more this morning and am averaging up a bit. Lots of room to the upside. Finally announced their EV division but a little too late as investors seem bored with $MOD. Good time to back up the wheelbarrow.
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