Modine Manufacturing Return On Asset vs. EBITDA
| MOD Stock | USD 120.50 1.92 1.62% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.26 | 0.2183 |
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For Modine Manufacturing profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Modine Manufacturing to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Modine Manufacturing utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Modine Manufacturing's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Modine Manufacturing over time as well as its relative position and ranking within its peers.
Modine |
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Modine Manufacturing. If investors know Modine will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Modine Manufacturing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Earnings Share 3.04 | Revenue Per Share 47.367 | Quarterly Revenue Growth 0.06 | Return On Assets 0.0984 |
The market value of Modine Manufacturing is measured differently than its book value, which is the value of Modine that is recorded on the company's balance sheet. Investors also form their own opinion of Modine Manufacturing's value that differs from its market value or its book value, called intrinsic value, which is Modine Manufacturing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Modine Manufacturing's market value can be influenced by many factors that don't directly affect Modine Manufacturing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Modine Manufacturing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Modine Manufacturing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Modine Manufacturing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Modine Manufacturing EBITDA vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Modine Manufacturing's current stock value. Our valuation model uses many indicators to compare Modine Manufacturing value to that of its competitors to determine the firm's financial worth. Modine Manufacturing is regarded second in return on asset category among its peers. It is rated below average in ebitda category among its peers totaling about 2,995,934,959 of EBITDA per Return On Asset. At present, Modine Manufacturing's EBITDA is projected to increase significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Modine Manufacturing by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Modine EBITDA vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Modine Manufacturing |
| = | 0.0984 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Modine Manufacturing |
| = | 294.8 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Modine EBITDA Comparison
Modine Manufacturing is currently under evaluation in ebitda category among its peers.
Modine Manufacturing Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Modine Manufacturing, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Modine Manufacturing will eventually generate negative long term returns. The profitability progress is the general direction of Modine Manufacturing's change in net profit over the period of time. It can combine multiple indicators of Modine Manufacturing, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -163.4 M | -171.6 M | |
| Operating Income | 240.7 M | 252.7 M | |
| Income Before Tax | 214.6 M | 225.3 M | |
| Total Other Income Expense Net | -26.1 M | -24.8 M | |
| Net Income | 161.5 M | 169.6 M | |
| Income Tax Expense | 51.2 M | 53.8 M | |
| Net Income Applicable To Common Shares | 137.8 M | 144.7 M | |
| Net Income From Continuing Ops | 163.4 M | 171.6 M | |
| Non Operating Income Net Other | -4 M | -3.8 M | |
| Interest Income | 4.3 M | 4.5 M | |
| Net Interest Income | -19.8 M | -20.8 M | |
| Change To Netincome | -55.4 M | -52.7 M | |
| Net Income Per Share | 3.08 | 3.24 | |
| Income Quality | 1.33 | 1.40 | |
| Net Income Per E B T | 0.75 | 0.73 |
Modine Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Modine Manufacturing. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Modine Manufacturing position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Modine Manufacturing's important profitability drivers and their relationship over time.
Use Modine Manufacturing in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Modine Manufacturing position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Modine Manufacturing will appreciate offsetting losses from the drop in the long position's value.Modine Manufacturing Pair Trading
Modine Manufacturing Pair Trading Analysis
The ability to find closely correlated positions to Modine Manufacturing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Modine Manufacturing when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Modine Manufacturing - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Modine Manufacturing to buy it.
The correlation of Modine Manufacturing is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Modine Manufacturing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Modine Manufacturing moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Modine Manufacturing can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Modine Manufacturing position
In addition to having Modine Manufacturing in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Correlation Analysis. For information on how to trade Modine Stock refer to our How to Trade Modine Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
To fully project Modine Manufacturing's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Modine Manufacturing at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Modine Manufacturing's income statement, its balance sheet, and the statement of cash flows.