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 13,448 - -
Change - -22.16% 20.28% 2.14% 20.58% -1.83% - -
Enterprise Value (EV) 1 12,924 11,053 12,669 12,856 15,322 14,969 14,476 14,486
Change - -14.47% 14.62% 1.48% 19.18% -2.3% -3.3% 0.07%
P/E 24.8x 20.3x 20.7x 19.2x 21.4x 19.3x 17.4x 15.2x
PBR 15.7x 9.84x 8.49x 7.59x 6.63x 5.85x 4.51x 3.57x
PEG - -7.23x 1.2x 1.7x 2.35x 1.94x 1.5x 1.1x
Capitalization / Revenue 4.14x 2.83x 3.05x 3.01x 3.37x 3.05x 2.91x 2.76x
EV / Revenue 4.51x 3.38x 3.47x 3.41x 3.77x 3.39x 3.13x 2.98x
EV / EBITDA 20.9x 15.3x 14.8x 14x 15.2x 13.6x 12.3x 11.5x
EV / EBIT 23.9x 17.4x 15.7x 14.9x 16.2x 14.6x 13.2x 12.4x
EV / FCF 29.2x 27.9x 24.5x 22.1x 22.3x 21.7x 18.7x 16.7x
FCF Yield 3.43% 3.58% 4.08% 4.53% 4.48% 4.61% 5.34% 5.99%
Dividend per Share 2 1.44 1.64 1.8 1.92 2.04 2.251 2.427 2.818
Rate of return 1.09% 1.56% 1.42% 1.47% 1.28% 1.42% 1.54% 1.78%
EPS 2 5.34 5.19 6.12 6.82 7.44 8.179 9.11 10.4
Distribution rate 27% 31.6% 29.4% 28.2% 27.4% 27.5% 26.6% 27.1%
Net sales 1 2,867 3,272 3,651 3,772 4,067 4,412 4,629 4,864
EBITDA 1 618.4 722.9 858.5 919.1 1,008 1,102 1,174 1,259
EBIT 1 539.7 636.6 805.6 860.8 944 1,025 1,094 1,171
Net income 1 483 458 540.4 597.5 643.8 706.3 802.7 869.5
Net Debt 1 1,044 1,806 1,547 1,496 1,624 1,522 1,028 1,038
Reference price 2 132.44 105.26 126.69 130.68 159.22 158.14 158.14 158.14
Nbr of stocks (in thousands) 89,696 87,845 87,788 86,929 86,032 85,037 - -
Announcement Date 2/15/22 A 2/22/23 A 2/20/24 A 2/18/25 A 2/17/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.33x3.39x13.59x1.42% 13.45B
20.51x0.98x8.51x - 5.34B
8.72x2.42x4.66x3.08% 5.19B
23.17x0.94x5.8x1.74% 2.87B
16.45x0.53x4.19x4.35% 1.69B
50.02x - - - 1.51B
28.14x - - - 1.3B
20.16x - - - 1.18B
29.52x1.32x12.11x0.49% 1.11B
Average 24.00x 1.60x 8.14x 2.21% 3.74B
Weighted average by Cap. 20.15x 2.31x 9.77x 1.97%

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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