Allegion PLC Stock Research

Market Summary

USD100.60-1.67

Market Closed

-1.63%

ALLE Stock Price

ALLE RSI Chart

ALLE Valuation

Market Cap

8.8B

Price/Earnings (Trailing)

19.3

Price/Sales (Trailing)

2.7

EV/EBITDA

12.42

Price/Free Cashflow

19.23

ALLE Price/Sales (Trailing)

ALLE Profitability

EBT Margin

15.72%

Return on Equity

48.63%

Return on Assets

11.48%

Free Cashflow Yield

5.2%

ALLE Fundamentals

ALLE Revenue

Revenue (TTM)

3.3B

Revenue Y/Y

21.47%

Revenue Q/Q

-5.71%

ALLE Earnings

Earnings (TTM)

458.0M

Earnings Y/Y

19.95%

Earnings Q/Q

18.06%

Price Action

52 Week Range

86.63122.94

(Low)(High)

Last 7 days

-5.3%

Last 30 days

-11.1%

Last 90 days

-4.2%

Trailing 12 Months

-10.3%

ALLE Financial Health

Current Ratio

1.73

ALLE Investor Care

Dividend Yield

1.63%

Dividend/Share (TTM)

1.64

Buy Backs (1Y)

0.41%

Diluted EPS (TTM)

5.19

Peers (Alternatives to Allegion)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TT	42.2B	16.0B	1.00%	17.67%	24.04	2.64	13.12%	23.40%
JCI	40.4B	25.5B	-6.82%	-10.55%	38.88	1.62	5.44%	-19.02%
BLDR	11.7B	22.7B	7.54%	21.47%	4.27	0.52	14.24%	59.35%
MID-CAP
ALLE	8.8B	3.3B	-11.08%	-10.29%	19.3	2.7	14.11%	-5.18%
FBHS	7.7B	4.7B	-5.00%	-39.38%	11.25	1.64	-1.63%	-11.10%
WMS	5.7B	3.1B	-10.77%	-34.51%	12.2	1.82	23.54%	90.99%
TREX	5.0B	1.1B	-9.38%	-33.87%	27.26	4.55	-7.60%	-11.55%
UFPI	4.7B	9.6B	-8.76%	-5.02%	6.75	0.49	11.47%	29.73%
REZI	2.5B	6.4B	-6.49%	-31.11%	8.84	0.39	8.96%	16.94%
CSWI	2.1B	735.5M	-3.40%	18.28%	24.01	2.87	25.40%	50.53%
SMALL-CAP
NVEE	1.5B	786.8M	-20.07%	-25.45%	30.81	1.96	11.33%	5.99%
NX	673.2M	1.2B	-20.31%	-8.22%	7.62	0.55	13.93%	55.03%
IIIN	528.7M	815.3M	-5.31%	-30.99%	4.68	0.65	25.53%	38.49%
DRTT	45.3M	172.2M	-35.70%	-69.74%	-0.82	0.26	16.65%	-2.41%

Financials for Allegion

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	4.9%	3,272	3,120	2,923	2,897	2,867
S&GA Expenses	2.8%	736	716	673	680	675
EBITDA	5.1%	688	655	642	641	-
EBITDA Margin	0.2%	0.21*	0.21*	0.22*	0.22*	-
Earnings Before Taxes	3.1%	515	499	506	509	524
EBT Margin	-1.7%	0.16*	0.16*	0.17*	0.18*	-
Interest Expenses	16.1%	76.00	65.00	55.00	50.00	50.00
Net Income	5.1%	458	436	465	468	483
Net Income Margin	0.2%	0.14*	0.14*	0.16*	0.16*	-
Free Cahsflow	15.1%	460	399	330	397	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.2%	3,991	3,943	3,654	3,008	3,051
Current Assets	-1.7%	1,215	1,236	1,753	1,077	1,118
Cash Equivalents	2.1%	288	282	920	305	398
Inventory	0.2%	479	478	428	403	380
Net PPE	6.2%	309	291	278	281	284
Goodwill	2.9%	1,413	1,374	632	796	804
Liabilities	-3.3%	3,047	3,150	2,874	2,263	2,289
Current Liabilities	2.1%	704	689	610	582	601
LT Debt, Non Current	-6.0%	2,082	2,215	2,018	1,427	1,430
Shareholder's Equity	19.0%	942	791	780	745	759
Retained Earnings	8.9%	1,213	1,114	1,035	956	953
Additional Paid-In Capital	51.1%	14.00	9.00	5.00	-	-
Shares Outstanding	0.0%	88.00	88.00	88.00	88.00	88.00
Minority Interest	17.4%	3.00	2.00	3.00	3.00	3.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	15.1%	460	399	330	397	489
Share Based Compensation	4.7%	25.00	23.00	-	-	-
Cashflow From Investing	-1.2%	-994	-982	-36.80	-33.30	-31.60
Cashflow From Financing	13.2%	437	386	184	-447	-529
Dividend Payments	2.8%	144	140	136	132	129
Buy Backs	-76.6%	61.00	261	274	324	413

Risks for ALLE

What is the probability of a big loss on ALLE?

41.9%

Probability that Allegion stock will be more than 20% underwater in next one year

30%

Probability that Allegion stock will be more than 30% underwater in next one year.

18.1%

Probability that Allegion stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ALLE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Allegion was unfortunately bought at previous high price.

Drawdowns

Returns for ALLE

Cumulative Returns on ALLE

7.9%

7-Year Cumulative Returns

5.0%

5-Year Cumulative Returns

6.8%

3-Year Cumulative Returns

What are the long-term rolling returns for ALLE?

FIve years rolling returns for Allegion.

Annualized Returns

Which funds bought or sold ALLE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	5.45	48,545	252,545	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	10.24	128,719	566,719	-%
2023-03-08	Capital Asset Advisory Services LLC	sold off	-100	-379,000	-	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-20.9	-12,000	152,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-50.23	-4,483,820	6,297,180	0.01%
2023-02-27	ST GERMAIN D J CO INC	new	-	63,051	63,051	0.02%
2023-02-24	SRS Capital Advisors, Inc.	unchanged	-	2,894	17,894	-%
2023-02-22	CVA Family Office, LLC	reduced	-4.33	2,262	23,262	0.01%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	128,000	864,000	0.01%
2023-02-21	MACQUARIE GROUP LTD	unchanged	-	154,179	1,042,180	-%

Latest Funds Activity

Are funds buying ALLE calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ALLE

No. of Funds

Allegion News

Schedule 13G FIlings of Allegion

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	12.02%	10,559,262	SC 13G/A
Feb 03, 2023	state street corp	4.25%	3,729,869	SC 13G/A
Feb 03, 2023	blackrock inc.	8.5%	7,454,642	SC 13G/A
Jan 12, 2023	apg asset management us inc.	6.2%	5,419,482	SC 13G/A
Feb 14, 2022	alliancebernstein l.p.	3.3%	2,976,203	SC 13G/A
Feb 09, 2022	vanguard group inc	12.12%	10,873,129	SC 13G/A
Feb 09, 2022	state street corp	5.19%	4,652,095	SC 13G
Feb 03, 2022	blackrock inc.	8.6%	7,709,470	SC 13G/A
Jan 19, 2022	apg asset management us inc.	6.2%	5,555,210	SC 13G/A
Aug 10, 2021	aristotle capital management, llc	0.03%	30,954	SC 13G/A

ALLE Fair Value

Allegion fair value in different scenarios

The table shows the Fair Value estimates for Allegion for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	57.15 -43.19%	82.31 -18.18%	130.27 29.49%	200.12 98.93%	305.80 203.98%
Current Inflation	52.88 -47.44%	74.55 -25.89%	115.28 14.59%	174.05 73.01%	263.20 161.63%
Very High Inflation	47.56 -52.72%	65.16 -35.23%	97.62 -2.96%	143.93 43.07%	214.41 113.13%

Historical Allegion Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Allegion

View All Filings

Date Filed	Form Type	Document
Mar 14, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading

Latest Insider Trading transactions for ALLE

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-10	Eckersley Timothy P	sold (taxes)	-68,174	109	-623	sr. vp-allegion international
2023-02-24	Wenos Vincent	acquired	-	-	1,111	svp - chief technology officer
2023-02-24	Wagnes Michael J.	acquired	-	-	3,331	sr. vp & cfo
2023-02-24	Musial Nickolas A.	acquired	-	-	889	vp, controller & cao
2023-02-24	Ilardi David S.	acquired	-	-	1,655	svp - allegion americas
2023-02-24	Kemp Tracy L	acquired	-	-	1,111	svp-chief info. & digital ofr.
2023-02-24	Preczewski Jennifer L	acquired	-	-	1,111	svp - chief hr officer
2023-02-24	Farrer Cynthia D	acquired	-	-	855	svp - global ops & isc
2023-02-24	Stone John H	acquired	-	-	12,213	president and ceo
2023-02-24	Braun Jeffrey N	acquired	-	-	1,832	svp and gc

About Allegion

David D. Petratis

www.allegion.com

11000

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facilities, including education, healthcare, government, hospitality, commercial office, and single and multi-family residential markets under the CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin brands. It sells its products and solutions through distribution and retail channels, such as specialty distribution, e-commerce, and wholesalers, as well as through various retail channels comprising do-it-yourself home improvement centers, on-line and e-commerce platforms, and small specialty showroom outlets. Allegion plc was incorporated in 2013 and is headquartered in Dublin, Ireland.

ALLE Income Statement

2022-12-31

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net revenues	$ 3,271.9	$ 2,867.4	$ 2,719.9
Cost of goods sold	1,949.5	1,662.5	1,541.1
Selling and administrative expenses	736.0	674.7	635.7
Impairment of goodwill and intangible assets	0.0	0.0	101.7
Loss on assets held for sale	0.0	0.0	37.9
Operating income	586.4	530.2	403.5
Interest expense	75.9	50.2	51.1
Loss on divestitures	7.6	0.0	0.0
Other income, net	(11.6)	(44.0)	(13.0)
Earnings before income taxes	514.5	524.0	365.4
Provision for income taxes	56.2	40.7	50.9
Net earnings	458.3	483.3	314.5
Less: Net earnings attributable to noncontrolling interests	0.3	0.3	0.2
Net earnings attributable to Allegion plc	458.0	483.0	314.3
Currency translation	(76.2)	(63.3)	57.3
Unrealized net gains arising during period	5.7	2.6	3.9
Net gains reclassified into earnings	(0.3)	(0.2)	(5.8)
Tax (expense) benefit	(0.2)	(0.6)	0.5
Total cash flow hedges, net of tax	5.2	1.8	(1.4)
Prior service (costs) gains and net actuarial (losses) gains, net	(38.7)	25.7	4.9
Amortization reclassified into earnings	0.5	4.8	5.0
Settlements/curtailments reclassified into earnings	0.0	0.5	0.1
Currency translation and other	7.7	1.0	(2.1)
Tax benefit (expense)	9.4	(7.7)	(2.0)
Total defined benefit plan adjustments, net of tax	(21.1)	24.3	5.9
Other comprehensive (loss) income, net of tax	(92.1)	(37.2)	61.8
Total comprehensive income, net of tax	366.2	446.1	376.3
Less: Total comprehensive (loss) income attributable to noncontrolling interests	(0.4)	0.4	0.5
Total comprehensive income attributable to Allegion plc	$ 366.6	$ 445.7	$ 375.8
Basic:
Net earnings (in dollars per share)	$ 5.20	$ 5.37	$ 3.41
Diluted:
Net earnings (in dollars per share)	$ 5.19	$ 5.34	$ 3.39

ALLE Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 288.0	$ 397.9
Accounts and notes receivable, net	395.6	283.3
Inventories	479.0	380.4
Current tax receivable	8.3	29.1
Other current assets	40.2	26.9
Assets held for sale	3.5	0.0
Total current assets	1,214.6	1,117.6
Property, plant and equipment, net	308.7	283.7
Goodwill	1,413.1	803.8
Intangible assets, net	608.9	447.5
Deferred and noncurrent income taxes	227.6	154.5
Other noncurrent assets	218.3	243.9
Total assets	3,991.2	3,051.0
LIABILITIES AND EQUITY
Accounts payable	280.7	259.1
Accrued compensation and benefits	134.7	117.7
Accrued expenses and other current liabilities	247.9	199.9
Current tax payable	27.7	11.9
Short-term borrowings and current maturities of long-term debt	12.6	12.6
Total current liabilities	703.6	601.2
Long-term debt	2,081.9	1,429.5
Postemployment and other benefit liabilities	40.1	69.2
Deferred and noncurrent income taxes	101.6	100.8
Other noncurrent liabilities	119.5	87.9
Total liabilities	3,046.7	2,288.6
Equity:
Ordinary shares, $0.01 par value (87,852,777 and 88,215,625 shares issued and outstanding at December 31, 2022 and 2021, respectively)	0.9	0.9
Capital in excess of par value	13.9	0.0
Retained earnings	1,212.8	952.6
Accumulated other comprehensive loss	(285.8)	(194.4)
Total Allegion plc shareholders’ equity	941.8	759.1
Noncontrolling interests	2.7	3.3
Total equity	944.5	762.4
Total liabilities and equity	$ 3,991.2	$ 3,051.0