ALLE - Allegion plc
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$172.50
DETAILS
HIGH:
$180.00
LOW:
$165.00
MEDIAN:
$172.50
CONSENSUS:
$172.50
UPSIDE:
32.25%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 4,067.3 | 3,772.2 | 3,650.8 | 3,271.9 | 2,867.4 | 2,719.9 | 2,854 | 2,731.7 | 2,408.2 | 2,238 | 2,068.1 | 2,118.3 | 2,069.6 | 2,023.3 | 2,021.2 |
| Cost of Revenue | 2,229 | 2,103.7 | 2,069.3 | 1,949.5 | 1,662.5 | 1,541.1 | 1,601.7 | 1,558.4 | 1,335.3 | 1,248.3 | 1,199 | 1,264.6 | 1,208.1 | 1,197.7 | 1,211.4 |
| Gross Profit | 1,838.3 | 1,668.5 | 1,581.5 | 1,322.4 | 1,204.9 | 1,178.8 | 1,252.3 | 1,173.3 | 1,072.9 | 989.7 | 869.1 | 853.7 | 861.5 | 825.6 | 809.8 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 132 | 112.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 978.8 | 887.8 | 865.6 | 736 | 674.7 | 635.7 | 681.3 | 647.5 | 580.4 | 555.4 | 510.5 | 527.4 | 483.1 | 454.3 | 450.8 |
| Other Expenses | (132) | (112.7) | 7.5 | 0 | 0 | 139.6 | 5.9 | 0 | 0 | 0 | 0 | 0 | 137.6 | 0 | 0 |
| Operating Expenses | 978.8 | 887.8 | 873.1 | 736 | 674.7 | 775.3 | 687.2 | 647.5 | 580.4 | 555.4 | 510.5 | 527.4 | 620.7 | 454.3 | 450.8 |
| Operating Income | |||||||||||||||
| Operating Income | 859.5 | 780.7 | 708.4 | 586.4 | 530.2 | 403.5 | 565.1 | 525.8 | 492.5 | 434.3 | 358.6 | 326.3 | 240.8 | 371.3 | 359 |
| Interest Expense | 101 | 102 | 93.1 | 75.9 | 50.2 | 51.1 | 56 | 54 | 105.7 | 64.3 | 52.9 | 53.8 | 10.2 | 1.5 | 1.4 |
| Interest Income | 12 | 20.5 | 6.8 | 1.3 | 0.4 | 0.9 | 1.8 | 0.8 | 1.2 | 1.9 | 1.5 | 1.1 | 0.8 | 0.1 | 0.4 |
| Profitability | |||||||||||||||
| EBITDA | 989.2 | 916.9 | 821.9 | 688.3 | 657.3 | 497.5 | 614.2 | 615.4 | 568.3 | 426.2 | 315.4 | 370.5 | 279.7 | 412 | 409.6 |
| EBIT | 859.5 | 800.8 | 710.3 | 590.4 | 574.2 | 416.5 | 531.2 | 529.2 | 501.4 | 359.3 | 262.2 | 321.7 | 233.6 | 368.2 | 363.6 |
| Income Before Tax | 768.4 | 698.8 | 617.2 | 514.5 | 524 | 365.4 | 475.2 | 475.2 | 395.7 | 295 | 209.3 | 267.9 | 223.4 | 366.7 | 362.2 |
| Income Tax Expense | 124.6 | 101.3 | 76.6 | 56.2 | 40.7 | 50.9 | 73.1 | 39.8 | 119 | 63.8 | 54.6 | 84.2 | 175 | 136.7 | 130.5 |
| Net Income | 643.8 | 597.5 | 540.4 | 458 | 483 | 314.3 | 401.8 | 434.9 | 273.3 | 229.1 | 153.9 | 175.2 | 32.3 | 220.1 | 218.1 |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 7.49 | 6.85 | 6.15 | 5.20 | 5.37 | 3.41 | 4.29 | 4.58 | 2.87 | 2.39 | 1.60 | 1.82 | 0.32 | 2.29 | 2.27 |
| EPS (Diluted) | 7.44 | 6.82 | 6.12 | 5.19 | 5.34 | 3.39 | 4.26 | 4.54 | 2.85 | 2.36 | 1.59 | 1.82 | 0.32 | 2.29 | 2.27 |
| Shares Outstanding | 85.9 | 87.2 | 87.9 | 88 | 89.9 | 92.3 | 93.6 | 95 | 95.1 | 95.8 | 95.9 | 96.1 | 96 | 96.0 | 96.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 356.2 | 503.8 | 468.1 | 288 | 397.9 | 480.4 | 355.3 | 283.8 | 466.2 | 312.4 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 467.7 | 448.7 | 421.7 | 403.9 | 283.3 | 347.6 | 329.8 | 340.3 | 308.8 | 271.9 |
| Inventory | 519 | 423 | 438.5 | 479 | 380.4 | 283.1 | 269.9 | 280.3 | 239.8 | 220.6 |
| Other Current Assets | 48.9 | 46.8 | 32.6 | 43.7 | 56 | 33.9 | 46.8 | 27.2 | 17.9 | 24.4 |
| Total Current Assets | 1,391.8 | 1,422.3 | 1,360.9 | 1,214.6 | 1,117.6 | 1,145 | 1,001.8 | 931.6 | 1,032.7 | 829.3 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 611 | 385.3 | 358.1 | 308.7 | 283.7 | 294.9 | 291.4 | 276.7 | 252.2 | 226.6 |
| Goodwill | 1,912.4 | 1,489.4 | 1,443.1 | 1,413.1 | 803.8 | 819 | 873.3 | 883 | 761.2 | 716.8 |
| Intangible Assets | 826 | 569 | 572.8 | 608.9 | 447.5 | 487.1 | 510.9 | 547.1 | 394.3 | 357.4 |
| Long-Term Investments | 66.8 | 66.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 93.9 | 223.5 | 283.7 | 218.3 | 243.9 | 196.7 | 177.3 | 87.2 | 66.2 | 45 |
| Total Non-Current Assets | 3,831.9 | 3,065.5 | 2,950.6 | 2,776.6 | 1,933.4 | 1,924.4 | 1,965.4 | 1,878.6 | 1,509.3 | 1,418.1 |
| Total Assets | 5,223.7 | 4,487.8 | 4,311.5 | 3,991.2 | 3,051 | 3,069.4 | 2,967.2 | 2,810.2 | 2,542 | 2,247.4 |
| Current Liabilities | ||||||||||
| Account Payables | 244.8 | 258 | 259.2 | 280.7 | 259.1 | 220.4 | 221 | 235 | 188.3 | 179.9 |
| Short-Term Debt | 41.9 | 21.9 | 412.6 | 12.6 | 12.6 | 0.2 | 0.1 | 35.3 | 35 | 48.2 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 282.3 | 80.9 | 134.8 | 134.7 | 117.7 | 93.3 | 98.4 | 95.3 | 84.7 | 81 |
| Total Current Liabilities | 755.4 | 696.9 | 1,079.7 | 703.6 | 601.2 | 521.5 | 507 | 520.8 | 460.8 | 429.6 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,108.4 | 1,977.6 | 1,602.4 | 2,081.9 | 1,429.5 | 1,429.4 | 1,427.6 | 1,409.5 | 1,442.3 | 1,415.6 |
| Deferred Tax Liabilities | 165.8 | 97.9 | 93.6 | 101.6 | 100.8 | 105.7 | 107.8 | 115.9 | 123.6 | 118.7 |
| Other Non-Current Liabilities | (2) | 100.2 | 217.5 | 159.6 | 157.1 | 180.2 | 164.4 | 110 | 109.8 | 167.1 |
| Total Non-Current Liabilities | 2,400.7 | 2,290.2 | 1,913.5 | 2,343.1 | 1,687.4 | 1,715.3 | 1,699.8 | 1,635.4 | 1,675.7 | 1,701.4 |
| Total Liabilities | 3,156.1 | 2,987.1 | 2,993.2 | 3,046.7 | 2,288.6 | 2,236.8 | 2,206.8 | 2,156.2 | 2,136.5 | 2,131 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1 | 1 |
| Retained Earnings | 2,238.1 | 1,831.4 | 1,578.9 | 1,212.8 | 952.6 | 985.6 | 975.1 | 873.6 | 544.4 | 376.6 |
| Accumulated Other Comprehensive Income | (205.6) | (331.6) | (261.5) | (285.8) | (194.4) | (157.1) | (218.6) | (223.5) | (152.9) | (264.3) |
| Total Stockholders' Equity | 2,067.6 | 1,500.7 | 1,318.3 | 941.8 | 759.1 | 829.4 | 757.4 | 651 | 401.6 | 113.3 |
| Total Liabilities & Equity | 5,223.7 | 4,487.8 | 4,311.5 | 3,991.2 | 3,051 | 3,069.4 | 2,967.2 | 2,810.2 | 2,542 | 2,247.4 |
| Debt Metrics | ||||||||||
| Total Debt | 2,278.8 | 2,150.7 | 2,015 | 2,094.5 | 1,442.1 | 1,429.6 | 1,427.7 | 1,444.8 | 1,477.3 | 1,463.8 |
| Net Debt | 1,922.6 | 1,646.9 | 1,546.9 | 1,806.5 | 1,044.2 | 949.2 | 1,072.4 | 1,161 | 1,011.1 | 1,151.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 643.8 | 597.5 | 540.6 | 458.3 | 483.3 | 314.5 | 402.1 | 435.4 | 276.7 | 231.2 |
| Depreciation & Amortization | 133.2 | 119 | 111.6 | 97.9 | 83.1 | 81 | 83 | 86.2 | 66.9 | 66.9 |
| Stock-Based Compensation | 29.8 | 28.2 | 26.4 | 24.5 | 23.4 | 20.8 | 20.4 | 19.6 | 16.2 | 16.6 |
| Change in Working Capital | 6.8 | (24.1) | (17.8) | (96.7) | (77.8) | (36.2) | 3.1 | (63.8) | 53.6 | 79.4 |
| Other Non-Cash Items | (19.6) | (1.4) | 7.5 | 46.8 | 20.4 | 134.6 | 9.8 | 44.8 | (91.1) | (22.9) |
| Operating Cash Flow | 783.8 | 675 | 600.6 | 459.5 | 488.6 | 490.3 | 488.2 | 457.8 | 347.2 | 377.5 |
| Investing Activities | ||||||||||
| Capital Expenditure | (98.1) | (92.1) | (84.2) | (64) | (45.4) | (47.1) | (65.6) | (49.1) | (49.3) | (42.5) |
| Acquisitions | (592.2) | (137.2) | (31.7) | (923.1) | (6.5) | (12.5) | (7.6) | (376.1) | (16.5) | (31.4) |
| Purchases of Investments | 0 | 0 | 0 | 0 | (7.6) | (3) | 0 | (14.3) | 0 | 42.5 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 7.6 | 47.1 | 0 | 49.1 | 15.6 | 14.1 |
| Other Investing Activities | 4.8 | 0.9 | (13.2) | (7) | 20.3 | (41.2) | (4.4) | (53.4) | 0 | (46.7) |
| Investing Cash Flow | (685.5) | (228.4) | (129.1) | (994.1) | (31.6) | (56.7) | (77.6) | (443.8) | (50.2) | (64) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (53.8) | (13.3) | (81.6) | 656.4 | 11.1 | (0.2) | (17.9) | (36.1) | 10.1 | (64.7) |
| Stock Repurchased | (80) | (220) | (59.9) | (61) | (412.8) | (208.8) | (226) | (67.3) | (60) | (85.1) |
| Dividends Paid | (175.3) | (167) | (158.7) | (143.9) | (129) | (117.3) | (100.6) | (79.4) | (60.9) | (46) |
| Other Financing Activities | 18.8 | 5.8 | 1.5 | (14.5) | 1.4 | 4.4 | 2.3 | (0.6) | (40.1) | (0.2) |
| Financing Cash Flow | (266.7) | (394.5) | (298.7) | 437 | (529.3) | (321.9) | (342.2) | (183.4) | (150.9) | (196) |
| Cash Position | ||||||||||
| Net Change in Cash | (147.6) | 35.7 | 180.1 | (109.9) | (82.5) | 121.7 | 68.1 | (175.6) | 153.8 | 112.7 |
| Cash at Beginning | 503.8 | 468.1 | 288 | 397.9 | 480.4 | 358.7 | 290.6 | 466.2 | 312.4 | 199.7 |
| Cash at End | 356.2 | 503.8 | 468.1 | 288 | 397.9 | 480.4 | 358.7 | 290.6 | 466.2 | 312.4 |
| Free Cash Flow | 685.7 | 582.9 | 516.4 | 395.5 | 443.2 | 443.2 | 422.6 | 408.7 | 297.9 | 335 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 4,067.3 | 3,772.2 | 3,650.8 | 3,271.9 | 2,867.4 | 2,719.9 | 2,854 | 2,731.7 | 2,408.2 | 2,238 | 2,068.1 | 2,118.3 | 2,069.6 | 2,023.3 | 2,021.2 |
| Gross Profit | 1,838.3 | 1,668.5 | 1,581.5 | 1,322.4 | 1,204.9 | 1,178.8 | 1,252.3 | 1,173.3 | 1,072.9 | 989.7 | 869.1 | 853.7 | 861.5 | 825.6 | 809.8 |
| Operating Income | 859.5 | 780.7 | 708.4 | 586.4 | 530.2 | 403.5 | 565.1 | 525.8 | 492.5 | 434.3 | 358.6 | 326.3 | 240.8 | 371.3 | 359 |
| Net Income | 643.8 | 597.5 | 540.4 | 458 | 483 | 314.3 | 401.8 | 434.9 | 273.3 | 229.1 | 153.9 | 175.2 | 32.3 | 220.1 | 218.1 |
| EPS (Diluted) | 7.44 | 6.82 | 6.12 | 5.19 | 5.34 | 3.39 | 4.26 | 4.54 | 2.85 | 2.36 | 1.59 | 1.82 | 0.32 | 2.29 | 2.27 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 356.2 | 503.8 | 468.1 | 288 | 397.9 | 480.4 | 355.3 | 283.8 | 466.2 | 312.4 | |||||
| Total Assets | 5,223.7 | 4,487.8 | 4,311.5 | 3,991.2 | 3,051 | 3,069.4 | 2,967.2 | 2,810.2 | 2,542 | 2,247.4 | |||||
| Total Debt | 2,278.8 | 2,150.7 | 2,015 | 2,094.5 | 1,442.1 | 1,429.6 | 1,427.7 | 1,444.8 | 1,477.3 | 1,463.8 | |||||
| Stockholders' Equity | 2,067.6 | 1,500.7 | 1,318.3 | 941.8 | 759.1 | 829.4 | 757.4 | 651 | 401.6 | 113.3 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 783.8 | 675 | 600.6 | 459.5 | 488.6 | 490.3 | 488.2 | 457.8 | 347.2 | 377.5 | |||||
| Capital Expenditure | (98.1) | (92.1) | (84.2) | (64) | (45.4) | (47.1) | (65.6) | (49.1) | (49.3) | (42.5) | |||||
| Free Cash Flow | 685.7 | 582.9 | 516.4 | 395.5 | 443.2 | 443.2 | 422.6 | 408.7 | 297.9 | 335 | |||||