Discounted Cash Flow

Modine Manufacturing Co.

MOD · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2017 $1.5b $14.2m $-22.8m 0.9% $0.31
2018 $2.1b (39.9%) $22.2m (56.3%) $52.8m (331.6%) 1.1% (11.7%) $0.48 (53.0%)
2019 $2.2b (5.2%) $84.8m (282.0%) $29.4m (-44.3%) 3.8% (263.1%) $1.70 (256.6%)
2020 $2.0b (-10.7%) $-2.2m (-102.6%) $-13.4m (-145.6%) -0.1% (-102.9%) $-0.04 (-102.3%)
2021 $1.8b (-8.5%) $-210.7m (-9477.3%) $117.1m (973.9%) -11.7% (-10362.2%) $-4.08 (-10272.9%)
2022 $2.1b (13.4%) $85.2m (140.4%) $-28.8m (-124.6%) 4.2% (135.7%) $1.66 (140.6%)
2023 $2.3b (12.1%) $153.1m (79.7%) $56.8m (297.2%) 6.7% (60.3%) $2.94 (77.0%)
2024 $2.4b (4.8%) $161.5m (5.5%) $126.9m (123.4%) 6.7% (0.7%) $3.12 (6.2%)
2025 $2.6b (7.3%) $184.0m (13.9%) $129.3m (1.9%) 7.1% (6.2%) $3.53 (13.1%)
2026 $3.2b (23.1%) $121.5m (-34.0%) $105.4m (-18.5%) 3.8% (-46.4%) $2.34 (-33.8%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model