Allegion PLC

LTS : 0Y5C
IRL·Industrials·Business Services·Ordinary Shares
$155.90
−1.25 (−0.79%)Oct 16 close
Market Cap
$13.43B
Enterprise Value
$15.20B
P/E (TTM)
20.82
P/B
6.45
Net Cash / (Debt)
−$1.62B
52-Week Range
$127 — $180
5-Year Range
$88 — $180
Avg Volume (3M)
665

Allegion makes physical security hardware — door locks, exit devices, door closers, and related access control products. Its brands include Schlage (residential and commercial locks), Von Duprin (emergency exit hardware), and LCN (door closers). Customers are primarily commercial construction contractors, building owners, and residential consumers, with over 75% of sales in the US. Revenue comes from selling hardware products through distributors, dealers, and retail channels.

Employees13,300IPOJan 18, 2018SIC7382HQThe Capel Building, Unit No. 233, Mary\'s Abbey, Dublin 7, Dublin, IRL, D07 X324
to

Financials

Profitability

Metric
Current
Margins
Gross Margin
45.2%
Operating Margin
21.1%
EBITDA Margin
24.7%
Net Margin
15.8%
OCF Margin
—
FCF Margin
16.9%
Returns on Capital
ROE
36.1%
ROA
13.2%
ROIC
19.1%
ROCE
20.9%
ROC (Greenblatt)
124.2%
3Y ROIIC
17.7%
Consistency
Years Profitable / 10Y
10

Valuation

Metric
Current
Earnings Multiples
P/E (TTM)
20.82
Forward P/E
17.85
P/E ex-NRI
20.11
Shiller P/E (CAPE)
28.47
Cash Flow Multiples
P/FCF
19.55
P/OCF
17.11
P/Owner Earnings
19.56
FCF Yield
5.10%
Enterprise Value Multiples
EV / EBIT
17.49
EV / Forward EBIT
15.88
EV / EBITDA
15.17
EV / Forward EBITDA
13.77
EV / Revenue
3.73
EV / Forward Revenue
3.50
Asset / Sales
P/S
3.29
P/B
6.45
P/Tangible Book
—
Growth-Adjusted
PEG
1.27

Capital Returns

Metric
Current
Dividends
Dividend Yield (TTM)
1.30%
Forward Dividend Yield
1.32%
3Y Dividend Growth
7.5%
Payout Ratio
0.26
5Y Yield on Cost
2.07%
Buybacks & Dilution
3Y Buyback Ratio
0.70%
5Y Share Change
−6.5%
Combined
Shareholder Yield
3.18%

Balance Sheet

Metric
Current
Leverage
Debt / Equity
0.96
Gross Debt / EBITDA
1.98
Cash / Debt
0.18
Equity / Assets
0.40
Coverage
Interest Coverage
8.51
Short-Term Liquidity
Current Ratio
1.84
Quick Ratio
1.16
Cash Ratio
0.47
Composite Scores
Piotroski F-Score
8
Altman Z-Score
4.66

5-Step DuPont Analysis

ROE %
36.09%
Net Margin %
15.83%
Operating Margin %
21.15%
Operating Income
$860M
÷
Revenue
$4.07B
×
Tax Burden
0.8385
Net Income
$644M
÷
Pretax Income
$768M
×
Interest Burden
0.8930
Pretax Income
$768M
÷
Operating Income
$860M
×
Asset Turnover
0.84
Revenue
$4.07B
÷
Average Total Assets
$4.86B
Begin Total Assets
$4.49B
End Total Assets
$5.22B
×
Equity Multiplier
2.72
Avg Total Assets
$4.86B
÷
Avg Stockholders Equity
$1.78B
Begin Equity
$1.50B
End Equity
$2.07B