Why Modine Manufacturing Company (NYSE: MOD) could be worth seeing

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Modine Manufacturing Company (NYSE: MOD), which is active in the auto components business and is based in the United States, has seen a double-digit increase in the share price of over 10% on the NYSE in recent months. Less-covered small caps are more of a chance for mispricing, as there is no information available to the public, which can be a good thing. So could the stock still be trading at a low price relative to actual value? Let’s take a closer look at Modine Manufacturing’s review and outlook to see if it’s still a bargain. "Data-reactid =" 27 "> Modine Manufacturing Company (NYSE: MOD), based in United In the United States, the share price has increased by more than 10% in the double-digit range on the NYSE in recent months. Less covered small caps represent a larger Risk of mispricing as no information is available to the public So, could the stock still be trading at a low price relative to actual value? Let's take a closer look at Modine Manufacturing's valuation and outlook to see if there is still an opportunity.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = " Check out our latest analysis for Modine Manufacturing "data-reactid =" 28 "> Check out our latest analysis for Modine Manufacturing

What is the chance in Modine Manufacturing?

According to my relative valuation model, the stock currently seems to have a fair price. I used the price-earnings ratio in this case because it didn't predict enough transparency of cash flows. The equity ratio of 14.4x is currently slightly below the industry key figure of 17.61x. So when you buy Modine Manufacturing today, you pay a reasonable price for it. And if you think that modine manufacturing should be traded at this level in the long run, the lack of prices isn't a big advantage. Will there be another way to buy cheaply in the future? Since Modine Manufacturing's stock price is very volatile, it could go down (or go up) in the future and give us another chance to buy. This is based on the high beta, which is a good indicator of how much the stock is moving relative to the rest of the market.

What kind of growth will Modine Manufacturing generate?

NYSE: MOD Results Past and Future, January 3, 2020

Future prospects are an important consideration when you want to buy a stock, especially if you are an investor looking to grow your portfolio. Buying a great company with a solid outlook at a great price is always a good investment. So let's also look at the company's future expectations. Modine Manufacturing's earnings are expected to increase by 50% in the coming year, indicating an extremely optimistic future. This should lead to more robust cash flows and a higher share value.

What this means for you:

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Are you a shareholder? MOD's optimistic future growth appears to have been factored into the current stock price, with the stocks trading at fair value. However, there are other important factors that we do not take into account today, such as the company's financial strength. Have these factors changed since you last looked at MOD? Are you going to have enough conviction that the price should fluctuate below the real value? "Data-reactid = '46 '"Are you a shareholder? MOD's optimistic future growth appears to have been factored into the current stock price, with the stocks trading at fair value. However, there are other important factors that we do not take into account today, such as the company's financial strength. Have these factors changed since you last looked at MOD? Do you have enough conviction to buy if the price fluctuates below the real value?

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Are you a potential investor? If you've kept an eye on MOD, this may not be the best time to buy as it's fair value. However, the optimistic forecast for MOD is encouraging. It is therefore worth taking a closer look at other factors such as the strength of the balance sheet in order to take advantage of the next price drop. "Data reactid =" 47 ">Are you a potential investor? If you've kept an eye on MOD, this may not be the best time to buy as it's fair value. However, the optimistic forecast for MOD is encouraging. It is therefore worth taking a closer look at other factors such as the strength of the balance sheet in order to take advantage of the next price drop.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The price is just the tip of the iceberg. Dig before you If you choose Modine Manufacturing, you should take a closer look at the basics. Everything you need to know about Modine Manufacturing can be found in The latest infographic research report, If you are no longer interested in Modine Manufacturing, you can use our free platform to see my list of over 50 other stocks with high growth potential, "data-reactid =" 48 "> The price is just the tip of the iceberg. Before you choose Modine Manufacturing, you should go into more detail – the basics. You will find everything you need to know about Modine Manufacturing in The Latest Infographic Research Report If you are no longer interested in Modine Manufacturing, you can view my list of over 50 other stocks with high growth potential on our free platform.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "If you discover an error that justifies a correction, please contact the editorial team at editorial-team@simplywallst.com, This article from Simply Wall St is general in nature. It is not a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Simply Wall St has no position in the stocks mentioned.

We strive to provide you with long-term, focused research analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or quality material. Thank you for reading."data-reactid =" 53 ">If you discover an error that justifies a correction, please contact the editorial team at editorial-team@simplywallst.com. This article from Simply Wall St is general in nature. It is not a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Simply Wall St has no position in the stocks mentioned.

We strive to provide you with long-term, focused research analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or quality material. Thank you for reading.