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 12,949 - -
Change - -22.16% 20.28% 2.14% 20.58% -5.47% - -
Enterprise Value (EV) 1 12,924 11,053 12,669 12,856 15,322 14,418 14,017 13,649
Change - -14.47% 14.62% 1.48% 19.18% -5.9% -2.78% -2.63%
P/E 24.8x 20.3x 20.7x 19.2x 21.4x 18.6x 16.7x 14.9x
PBR 15.7x 9.84x 8.49x 7.59x 6.63x 5.46x 4.46x 3.7x
PEG - -7.23x 1.2x 1.7x 2.35x 1.86x 1.4x 1.2x
Capitalization / Revenue 4.14x 2.83x 3.05x 3.01x 3.37x 2.93x 2.79x 2.66x
EV / Revenue 4.51x 3.38x 3.47x 3.41x 3.77x 3.27x 3.02x 2.8x
EV / EBITDA 20.9x 15.3x 14.8x 14x 15.2x 13.1x 11.9x 10.9x
EV / EBIT 23.9x 17.4x 15.7x 14.9x 16.2x 14x 12.8x 11.7x
EV / FCF 29.2x 27.9x 24.5x 22.1x 22.3x 20.9x 18.2x 16.4x
FCF Yield 3.43% 3.58% 4.08% 4.53% 4.48% 4.78% 5.49% 6.09%
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% 1.46% 1.59% 1.75%
EPS 2 5.34 5.19 6.12 6.82 7.44 8.184 9.13 10.25
Distribution rate 27% 31.6% 29.4% 28.2% 27.4% 27.2% 26.5% 26%
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 1,258
EBIT 1 539.7 636.6 805.6 860.8 944 1,027 1,099 1,171
Net income 1 483 458 540.4 597.5 643.8 702.7 794.2 857.2
Net Debt 1 1,044 1,806 1,547 1,496 1,624 1,468 1,068 699.2
Reference price 2 132.44 105.26 126.69 130.68 159.22 152.28 152.28 152.28
Nbr of stocks (in thousands) 89,696 87,845 87,788 86,929 86,032 85,037 - -
Announcement Date 2/15/22 2/22/23 2/20/24 2/18/25 2/17/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.61x3.27x13.07x1.46% 12.95B
8.73x2.41x4.69x3.19% 5.04B
21.78x0.98x5.94x1.82% 3.14B
13.31x0.92x6x - 2.79B
18.49x0.64x4.91x3.85% 2.02B
78.81x - - - 1.42B
23.2x - - - 1.35B
22.14x - - - 1.29B
Average 25.63x 1.64x 6.92x 2.58% 3.75B
Weighted average by Cap. 20.00x 2.37x 9.18x 2.1%

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

-40%: Exceptional extension
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