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 13,136 - -
Change - -22.16% 20.28% 2.14% 20.58% -4.11% - -
Enterprise Value (EV) 1 12,924 11,053 12,669 12,856 15,322 14,635 14,278 13,835
Change - -14.47% 14.62% 1.48% 19.18% -4.48% -2.44% -3.1%
P/E 24.8x 20.3x 20.7x 19.2x 21.4x 18.9x 17x 15.2x
PBR 15.7x 9.84x 8.49x 7.59x 6.63x 5.54x 4.53x 3.76x
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 2.98x 2.83x 2.7x
EV / Revenue 4.51x 3.38x 3.47x 3.41x 3.77x 3.32x 3.08x 2.84x
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 11.8x
EV / FCF 29.2x 27.9x 24.5x 22.1x 22.3x 21.2x 18.6x 16.6x
FCF Yield 3.43% 3.58% 4.08% 4.53% 4.48% 4.72% 5.39% 6.01%
Dividend per Share 2 1.44 1.64 1.8 1.92 2.04 2.23 2.421 2.664
Rate of return 1.09% 1.56% 1.42% 1.47% 1.28% 1.44% 1.57% 1.72%
EPS 2 5.34 5.19 6.12 6.82 7.44 8.19 9.061 10.17
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 4,414 4,638 4,870
EBITDA 1 618.4 722.9 858.5 919.1 1,008 1,103 1,179 1,257
EBIT 1 539.7 636.6 805.6 860.8 944 1,027 1,099 1,171
Net income 1 483 458 540.4 597.5 643.8 702.8 787.8 840.2
Net Debt 1 1,044 1,806 1,547 1,496 1,624 1,499 1,142 699.2
Reference price 2 132.44 105.26 126.69 130.68 159.22 154.47 154.47 154.47
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.86x3.32x13.26x1.44% 13.14B
8.1x2.34x4.56x3.44% 4.68B
21.5x0.96x5.87x1.85% 3.08B
13.23x0.92x5.97x - 2.77B
18.53x0.64x4.92x3.84% 2.07B
76.43x - - - 1.38B
23.41x - - - 1.36B
21.85x - - - 1.28B
Average 25.24x 1.64x 6.92x 2.64% 3.72B
Weighted average by Cap. 19.91x 2.38x 9.34x 2.12%

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