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 12,864 - -
Change - -22.16% 20.28% 2.14% 20.58% -6.09% - -
Enterprise Value (EV) 1 12,924 11,053 12,669 12,856 15,322 14,332 13,931 13,563
Change - -14.47% 14.62% 1.48% 19.18% -6.46% -2.8% -2.64%
P/E 24.8x 20.3x 20.7x 19.2x 21.4x 18.5x 16.6x 14.8x
PBR 15.7x 9.84x 8.49x 7.59x 6.63x 5.42x 4.44x 3.68x
PEG - -7.23x 1.2x 1.7x 2.35x 1.85x 1.4x 1.2x
Capitalization / Revenue 4.14x 2.83x 3.05x 3.01x 3.37x 2.91x 2.77x 2.64x
EV / Revenue 4.51x 3.38x 3.47x 3.41x 3.77x 3.25x 3x 2.78x
EV / EBITDA 20.9x 15.3x 14.8x 14x 15.2x 13x 11.8x 10.8x
EV / EBIT 23.9x 17.4x 15.7x 14.9x 16.2x 14x 12.7x 11.6x
EV / FCF 29.2x 27.9x 24.5x 22.1x 22.3x 20.8x 18.1x 16.3x
FCF Yield 3.43% 3.58% 4.08% 4.53% 4.48% 4.81% 5.52% 6.13%
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% 1.47% 1.6% 1.76%
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 2 132.44 105.26 126.69 130.68 159.22 151.27 151.27 151.27
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.($)
18.54x3.26x13.02x1.47% 12.9B
8.92x2.43x4.73x3.12% 5.15B
21.99x1.02x5.99x1.77% 3.29B
13.67x0.94x6.11x - 2.87B
18.2x0.63x4.79x3.91% 2.06B
78.15x - - - 1.41B
22.27x - - - 1.31B
22x - - - 1.28B
27.63x1.18x10.95x0.5% 1.06B
Average 25.71x 1.57x 7.60x 2.15% 3.48B
Weighted average by Cap. 20.15x 2.31x 9.19x 2.02%

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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  4. Valuation Allegion plc
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