What does automotive — goodwill impairment mean?

A write-down of the value of intangible assets (goodwill) associated with past automotive acquisitions.

How do you interpret automotive — goodwill impairment?

An increase signals that the company overpaid for past automotive acquisitions or that the segment's future earnings potential has significantly declined.

How does automotive — goodwill impairment compare across companies?

Standard 'Goodwill Impairment' reported in segment-level financial notes for companies with M&A history.

Modine Manufacturing MOD Automotive — Goodwill Impairment

Discontinued — last reported Q4 '20

Similar metrics at other companies

LFUSAutomotive — Goodwill, Impairment Loss

$33.8M—

GPCAutomotive — Goodwill accumulated impairment loss

$506.72M0.0%

GRMNAuto OEM — Goodwill Impairment

$3M—

GPCAutomotive — Goodwill impairment charge

$0—

LFUSAutomotive — Goodwill, Impaired, Accumulated Impairment Loss

$36.4M—

GPCInternational Automotive segments — Goodwill accumulated impairment loss

$506.72M0.0%

Other financials

Income statement

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Revenue$954.4M+47.5%

Gross profit$214.7M+29.3%

Operating income$103.9M+39.5%

Net income$73.3M+47.8%

EPS (diluted)$1.36+46.2%

Balance sheet

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Cash & equivalents$73.5M+2.7%

Total debt$538.5M+32.2%

Total equity$1.2B+31.2%

Total assets$2.7B+39.5%

Cash flow

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Operating cash flow$194.9M+256%

CapEx$42.1M+52.0%

Free cash flow$152.8M+464%

Valuation

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Market cap$15.71B+183%

Enterprise value$16.17B+172%

P/E129.3×+99.1×

P/S4.9×+2.8×

Profitability

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Gross margin23%-1.9pp

Operating margin10.8%-0.2pp

Net margin3.8%-3.3pp

Returns & leverage

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Return on equity11.5%-10.7pp

Debt / equity0.5×0.0×

Current ratio1.9×+0.2×

Where this comes from

Reported directly by Modine Manufacturing in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Modine Manufacturing’s 10-K, filed May 26, 2022, on SEC EDGAR. View the filing →

Questions, answered.

What does automotive — goodwill impairment mean?: A write-down of the value of intangible assets (goodwill) associated with past automotive acquisitions.
How do you interpret automotive — goodwill impairment?: An increase signals that the company overpaid for past automotive acquisitions or that the segment's future earnings potential has significantly declined.
How does automotive — goodwill impairment compare across companies?: Standard 'Goodwill Impairment' reported in segment-level financial notes for companies with M&A history.