MODINE MFG CO
MODINE MFG CO operates in Diversified Metals & Mining.
MODINE MFG CO (MMF) - Net Assets
Latest net assets as of September 2024: €867.40 Million EUR
Based on the latest financial reports, MODINE MFG CO (MMF) has net assets worth €867.40 Million EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.92 Billion) and total liabilities (€1.05 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €867.40 Million |
| % of Total Assets | 45.28% |
| Annual Growth Rate | 8.7% |
| 5-Year Change | 53.06% |
| 10-Year Change | N/A |
| Growth Volatility | 20.33 |
MODINE MFG CO - Net Assets Trend (2017–2024)
This chart illustrates how MODINE MFG CO's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MODINE MFG CO (2017–2024)
The table below shows the annual net assets of MODINE MFG CO from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | €755.50 Million | +26.00% |
| 2023-03-31 | €599.60 Million | +30.89% |
| 2022-03-31 | €458.10 Million | +28.64% |
| 2021-03-31 | €356.10 Million | -27.86% |
| 2020-03-31 | €493.60 Million | -8.78% |
| 2019-03-31 | €541.10 Million | +8.55% |
| 2018-03-31 | €498.50 Million | +18.35% |
| 2017-03-31 | €421.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MODINE MFG CO's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 77.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €659.00 Million | 88.15% |
| Other Components | €88.60 Million | 11.85% |
| Total Equity | €747.60 Million | 100.00% |
MODINE MFG CO Competitors by Market Cap
The table below lists competitors of MODINE MFG CO ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Forward Water Technologies Corp
V:FWTC
|
$1.14 Million |
|
GENERAC HLDGS
BE:G84
|
$1.14 Million |
|
Visionflex Group Ltd
AU:VFX
|
$1.14 Million |
|
Prestal Holdings Ltd
AU:PTL
|
$1.14 Million |
|
DOLLAR GENERAL (7DG.SG)
STU:7DG
|
$1.14 Million |
|
CDN TIRE CORP -A-
MU:YAAA
|
$1.14 Million |
|
Baroyeca Gold & Silver Inc
PINK:BRYGF
|
$1.14 Million |
|
K9 Gold Corp
OTCQB:WDFCF
|
$1.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MODINE MFG CO's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 592,800,000 to 747,600,000, a change of 154,800,000 (26.1%).
- Net income of 161,500,000 contributed positively to equity growth.
- Share repurchases of 13,300,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €161.50 Million | +21.6% |
| Share Repurchases | €13.30 Million | -1.78% |
| Other Changes | €6.60 Million | +0.88% |
| Total Change | €- | 26.11% |
Book Value vs Market Value Analysis
This analysis compares MODINE MFG CO's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.07x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 13.93x to 8.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €8.26 | €115.10 | x |
| 2018-03-31 | €9.70 | €115.10 | x |
| 2019-03-31 | €10.53 | €115.10 | x |
| 2020-03-31 | €9.59 | €115.10 | x |
| 2021-03-31 | €6.76 | €115.10 | x |
| 2022-03-31 | €8.67 | €115.10 | x |
| 2023-03-31 | €11.38 | €115.10 | x |
| 2024-03-31 | €14.27 | €115.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MODINE MFG CO utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.71%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 2.48x
- Recent ROE (21.60%) is above the historical average (3.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.43% | 0.94% | 1.04x | 3.50x | €-27.20 Million |
| 2018 | 4.53% | 1.06% | 1.34x | 3.21x | €-26.81 Million |
| 2019 | 15.88% | 3.83% | 1.44x | 2.88x | €31.41 Million |
| 2020 | -0.45% | -0.11% | 1.29x | 3.15x | €-50.99 Million |
| 2021 | -60.42% | -11.65% | 1.42x | 3.66x | €-245.57 Million |
| 2022 | 18.90% | 4.16% | 1.44x | 3.17x | €40.13 Million |
| 2023 | 25.83% | 6.66% | 1.47x | 2.64x | €93.82 Million |
| 2024 | 21.60% | 6.71% | 1.30x | 2.48x | €86.74 Million |
Industry Comparison
This section compares MODINE MFG CO's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MODINE MFG CO (MMF) | €867.40 Million | 3.43% | 1.21x | $1.14 Million |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |