Company Valuation: Allegion plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,879 9,247 11,122 11,360 13,698 13,114 - -
Change - -22.16% 20.28% 2.14% 20.58% -4.27% - -
Enterprise Value (EV) 1 12,924 11,053 12,669 12,856 15,322 14,644 14,319 13,907
Change - -14.47% 14.62% 1.48% 19.18% -4.43% -2.21% -2.88%
P/E 24.8x 20.3x 20.7x 19.2x 21.4x 18.8x 17x 15.1x
PBR 15.7x 9.84x 8.49x 7.59x 6.63x 5.53x 4.52x 3.75x
PEG - -7.23x 1.2x 1.7x 2.35x 1.9x 1.6x 1.2x
Capitalization / Revenue 4.14x 2.83x 3.05x 3.01x 3.37x 2.97x 2.83x 2.7x
EV / Revenue 4.51x 3.38x 3.47x 3.41x 3.77x 3.32x 3.09x 2.86x
EV / EBITDA 20.9x 15.3x 14.8x 14x 15.2x 13.3x 12.1x 11x
EV / EBIT 23.9x 17.4x 15.7x 14.9x 16.2x 14.3x 13x 11.9x
EV / FCF 29.2x 27.9x 24.5x 22.1x 22.3x 21.1x 18.9x 16.7x
FCF Yield 3.43% 3.58% 4.08% 4.53% 4.48% 4.74% 5.3% 5.98%
Dividend per Share 2 1.44 1.64 1.8 1.92 2.04 2.23 2.42 2.667
Rate of return 1.09% 1.56% 1.42% 1.47% 1.28% 1.45% 1.57% 1.73%
EPS 2 5.34 5.19 6.12 6.82 7.44 8.188 9.054 10.19
Distribution rate 27% 31.6% 29.4% 28.2% 27.4% 27.2% 26.7% 26.2%
Net sales 1 2,867 3,272 3,651 3,772 4,067 4,409 4,631 4,861
EBITDA 1 618.4 722.9 858.5 919.1 1,008 1,104 1,179 1,259
EBIT 1 539.7 636.6 805.6 860.8 944 1,026 1,098 1,173
Net income 1 483 458 540.4 597.5 643.8 702.9 787.6 843.9
Net Debt 1 1,044 1,806 1,547 1,496 1,624 1,530 1,206 793.8
Reference price 2 132.44 105.26 126.69 130.68 159.22 154.21 154.21 154.21
Nbr of stocks (in thousands) 89,696 87,845 87,788 86,929 86,032 85,037 - -
Announcement Date 15/2/22 22/2/23 20/2/24 18/2/25 17/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.83x3.32x13.27x1.45% 13.11B
27.35x6.12x15.86x1.52% 442B
54.37x19.43x38.99x-.--% 262B
19.23x0.78x14.05x2.36% 172B
26.15x8.29x20.02x0.47% 142B
51.2x15.08x33.67x-.--% 97.36B
32.37x6.32x18.32x1.08% 74.04B
43.86x2.38x15.39x1.61% 59.28B
28.07x6.34x21.17x1.47% 54.22B
67.47x8.72x38.58x-.--% 55.5B
Average 36.89x 7.68x 22.93x 1% 137.16B
Weighted average by Cap. 35.61x 8.79x 22.95x 1.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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