Reviewing Modine Manufacturing Company (MOD)’s and Miller Industries Inc. (NYSE:MLR)’s results

Both Modine Manufacturing Company (NYSE:MOD) and Miller Industries Inc. (NYSE:MLR) compete on a level playing field in the Auto Parts industry. We will evaluate their performance with regards to dividends, analyst recommendations, profitability, institutional ownership, risk, earnings and valuation.

Valuation & Earnings

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Modine Manufacturing Company 2.21B 0.31 84.40M 1.76 7.66
Miller Industries Inc. 749.76M 0.43 35.74M 2.92 10.79

Table 1 highlights Modine Manufacturing Company and Miller Industries Inc.’s gross revenue, earnings per share (EPS) and valuation. Miller Industries Inc. has lower revenue, but higher earnings than Modine Manufacturing Company. The company with the lower P/E out of the two companies is considered for more affordable of the two firms presently. Modine Manufacturing Company’s current P/E ratio is lower than that of Miller Industries Inc., which means that it is the affordable of the two.

Profitability

Table 2 represents Modine Manufacturing Company (NYSE:MOD) and Miller Industries Inc. (NYSE:MLR)’s return on assets, net margins and return on equity.

Net Margins Return on Equity Return on Assets
Modine Manufacturing Company 3.82% 18.9% 6.2%
Miller Industries Inc. 4.77% 0% 0%

Risk and Volatility

Modine Manufacturing Company has a 1.98 beta, while its volatility is 98.00%, thus making it more volatile than S&P 500. In other hand, Miller Industries Inc. has beta of 0.75 which is 25.00% less volatile than S&P 500.

Liquidity

Modine Manufacturing Company’s Current Ratio is 1.3 while its Quick Ratio is 0.9. On the competitive side is, Miller Industries Inc. which has a 2.3 Current Ratio and a 1.6 Quick Ratio. Miller Industries Inc. is better positioned to pay off short and long-term obligations compared to Modine Manufacturing Company.

Dividends

On the other side Miller Industries Inc. pays an annual dividend of $0.72 per share. It’s dividend yield is 2.53%. No dividend is paid out for Modine Manufacturing Company.

Insider & Institutional Ownership

The shares of both Modine Manufacturing Company and Miller Industries Inc. are owned by institutional investors at 92% and 83.7% respectively. 0.4% are Modine Manufacturing Company’s share owned by insiders. Competitively, insiders own roughly 1.1% of Miller Industries Inc.’s shares.

Performance

Here are the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
Modine Manufacturing Company -7.35% -15.22% -12.07% 1.13% -24.48% 24.7%
Miller Industries Inc. -2.87% -3.19% 4.27% 18.45% 22.17% 16.74%

For the past year Modine Manufacturing Company has stronger performance than Miller Industries Inc.

Summary

Miller Industries Inc. beats on 9 of the 14 factors Modine Manufacturing Company.

Modine Manufacturing Company develops, manufactures, and markets engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer vehicular applications. The company operates through Americas, Europe, Asia, and Building HVAC segments. It offers powertrain cooling products, such as engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks; on-engine cooling products consisting of exhaust gas recirculation coolers, engine oil coolers, fuel coolers, charge air coolers, and intake air coolers; and auxiliary coolers, such as transmission and retarder oil coolers, and power steering coolers, as well as component assemblies, radiators, and battery cooling products. The company also provides gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; hydronic products consisting of commercial fin-tube radiation, cabinet unit heaters, and convectors; roof mounted direct- and indirect-fired makeup air units; commercial packaged rooftop ventilation units; unit ventilators; single packaged vertical units; geothermal and water-source heat pumps; precision air conditioning units for data center applications; air-handling units; chillers; ceiling cassettes; and condensing units. It serves automobile, truck, bus, specialty vehicle, agricultural, industrial, construction equipment, and heating, ventilation, and cooling OEMs; construction architects and contractors; wholesalers of heating equipment; mining equipment and engine manufacturers; industrial manufacturers of material handling equipment, generator sets, and compressors; mechanical contractors; HVAC wholesalers; installers; and end users in commercial and industrial applications. The company also exports its products. Modine Manufacturing Company was founded in 1916 and is headquartered in Racine, Wisconsin.

Miller Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. It offers wreckers, such as conventional tow trucks and recovery vehicles used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms that are used to transport new or disabled vehicles and other equipment. The company also provides transport trailers for moving multiple vehicles, auto auctions, car dealerships, leasing companies, and other related applications. It markets its products under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brand names. The company sells its products through independent distributors in the United States, Canada, Mexico, Europe, the Pacific Rim, the Middle East, South America, and Africa; and through prime contractors to governmental entities. Miller Industries, Inc. was founded in 1990 and is based in Ooltewah, Tennessee.

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