Balance Sheet Allegion plc

Equities

ALLE

IE00BFRT3W74

Communications & Networking

Market Closed - Nyse Other stock markets 04:00:02 2025-01-21 pm EST			5-day change	1st Jan Change
135.07 ^USD	+1.11%		+4.10%	+3.36%

Jan. 16	Goldman Sachs Adjusts Allegion Public Price Target to $150 From $163, Maintains Buy Rating	MT
Jan. 08	Barclays Adjusts Price Target on Allegion Public to $134 From $137, Maintains Underweight Rating	MT

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Published financial data: ALLEGION PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.85B	2.72B	2.87B	3.27B	3.65B
Total Revenues	2.85B	2.72B	2.87B	3.27B	3.65B
Cost of Goods Sold, Total	1.6B	1.54B	1.66B	1.95B	2.07B
Gross Profit	1.25B	1.18B	1.2B	1.32B	1.58B
Selling General & Admin Expenses, Total	684M	611M	663M	696M	846M
Other Operating Expenses, Total	684M	611M	663M	696M	846M
Operating Income	568M	573M	542M	626M	736M
Interest Expense, Total	-56M	-51.1M	-50.2M	-75.9M	-93.1M
Interest And Investment Income	4.9M	900K	400K	1.3M	6.8M
Net Interest Expenses	-51.1M	-50.2M	-49.8M	-74.6M	-86.3M
Income (Loss) On Equity Invest.	-100K	300K	-	800K	1M
Currency Exchange Gains (Loss)	-1.8M	-700K	-2.7M	-2.4M	-3.9M
Other Non Operating Income (Expenses)	-	-2.5M	7.2M	2.5M	-1M
EBT, Excl. Unusual Items	515M	520M	496M	553M	646M
Restructuring Charges	-1.9M	-25.6M	-	-	-
Merger & Related Restructuring Charges	-2M	-2.3M	-4.4M	-30.5M	-21M
Impairment of Goodwill	-	-88.1M	-	-	-
Gain (Loss) On Sale Of Investments	-	-	32M	-	-
Gain (Loss) On Sale Of Assets	-30.1M	-25.1M	-	-7.6M	-
Asset Writedown	-5.9M	-13.6M	-	-	-7.5M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	475M	365M	524M	514M	617M
Income Tax Expense	73.1M	50.9M	40.7M	56.2M	76.6M
Earnings From Continuing Operations	402M	314M	483M	458M	541M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	402M	314M	483M	458M	541M
Minority Interest	-300K	-200K	-300K	-300K	-200K
Net Income - (IS)	402M	314M	483M	458M	540M
Net Income to Common Incl Extra Items	402M	314M	483M	458M	540M
Net Income to Common Excl. Extra Items	402M	314M	483M	458M	540M
Per Share Items
Net EPS - Basic	4.29	3.41	5.37	5.2	6.15
Basic EPS - Continuing Operations	4.29	3.41	5.37	5.2	6.15
Basic Weighted Average Shares Outstanding	93.6M	92.3M	89.9M	88M	87.9M
Net EPS - Diluted	4.26	3.39	5.34	5.19	6.12
Diluted EPS - Continuing Operations	4.26	3.39	5.34	5.19	6.12
Diluted Weighted Average Shares Outstanding	94.3M	92.8M	90.5M	88.3M	88.3M
Normalized Basic EPS	3.44	3.52	3.45	3.92	4.59
Normalized Diluted EPS	3.41	3.5	3.42	3.91	4.57
Dividend Per Share	1.08	1.28	1.44	1.64	1.8
Payout Ratio	25.04	37.32	26.71	31.42	29.37
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	637M	641M	613M	712M	835M
EBITA	599M	605M	576M	676M	798M
EBIT	568M	573M	542M	626M	736M
EBITDAR	680M	685M	659M	761M	896M
Effective Tax Rate - (Ratio)	15.38	13.93	7.77	10.92	12.41
Total Current Taxes	103M	75.3M	84.5M	128M	144M
Total Deferred Taxes	-30.2M	-24.4M	-43.8M	-71.3M	-67.6M
Normalized Net Income	322M	325M	310M	345M	403M
Non-Cash Pension Expense	6.9M	-2.5M	-7.1M	-9.5M	1.2M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	54.7M	54.4M	73.3M	74.5M	102M
Net Rental Expense, Total	43.2M	44.2M	45.4M	48.9M	60.9M
Imputed Operating Lease Interest Expense	13.1M	11.92M	11.92M	15.92M	20.8M
Imputed Operating Lease Depreciation	30.1M	32.28M	33.48M	32.98M	40.1M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	23.6M	23.2M	25.5M	21.4M	26.4M
Total Stock-Based Compensation	23.6M	23.2M	25.5M	21.4M	26.4M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	355M	480M	398M	288M	468M
Trading Asset Securities, Total	700K	-	-	-	-
Total Cash And Short Term Investments	356M	480M	398M	288M	468M
Accounts Receivable, Total	330M	322M	283M	396M	413M
Other Receivables	14.2M	25.8M	29.1M	8.3M	8.9M
Total Receivables	344M	348M	312M	404M	422M
Inventory	270M	283M	380M	479M	438M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	3.4M	-	-	-	-
Other Current Assets, Total	28.5M	33.9M	26.9M	43.7M	32.6M
Total Current Assets	1B	1.14B	1.12B	1.21B	1.36B
Gross Property Plant And Equipment	867M	922M	918M	974M	1.11B
Accumulated Depreciation	-495M	-535M	-544M	-567M	-603M
Net Property Plant And Equipment	373M	387M	374M	407M	506M
Long-term Investments	18.1M	13.7M	35.8M	46.8M	65.8M
Goodwill	873M	819M	804M	1.41B	1.44B
Other Intangibles, Total	511M	487M	448M	609M	573M
Deferred Tax Assets Long-Term	112M	127M	154M	228M	293M
Other Long-Term Assets, Total	77.8M	91M	118M	73.4M	69.8M
Total Assets	2.97B	3.07B	3.05B	3.99B	4.31B
Liabilities
Accounts Payable, Total	221M	220M	259M	281M	259M
Accrued Expenses, Total	230M	248M	288M	351M	345M
Current Portion of Long-Term Debt	100K	200K	12.6M	12.6M	413M
Current Portion of Leases	25.8M	27.6M	29.1M	31.8M	33.7M
Current Income Taxes Payable	12.8M	18.2M	11.9M	27.7M	14.9M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	17.4M	7.2M	-	-	14.7M
Total Current Liabilities	507M	522M	601M	704M	1.08B
Long-Term Debt	1.43B	1.43B	1.43B	2.08B	1.6B
Long-Term Leases	55.6M	66.3M	63.3M	69.5M	117M
Pension & Other Post Retirement Benefits	87.7M	79.4M	69.2M	40.1M	44.1M
Deferred Tax Liability Non Current	108M	106M	101M	102M	93.6M
Other Non Current Liabilities	21.1M	34.5M	24.6M	50M	56.1M
Total Liabilities	2.21B	2.24B	2.29B	3.05B	2.99B
Common Stock, Total	900K	900K	900K	900K	900K
Additional Paid In Capital	-	-	-	13.9M	-
Retained Earnings	975M	986M	953M	1.21B	1.58B
Comprehensive Income and Other	-219M	-157M	-194M	-286M	-262M
Total Common Equity	757M	829M	759M	942M	1.32B
Minority Interest	3M	3.2M	3.3M	2.7M	-
Total Equity	760M	833M	762M	944M	1.32B
Total Liabilities And Equity	2.97B	3.07B	3.05B	3.99B	4.31B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	92.6M	90.73M	88.23M	87.87M	87.55M
ECS Total Common Shares Outstanding	92.72M	91.21M	88.22M	87.85M	87.5M
Book Value / Share	8.17	9.09	8.61	10.72	15.07
Tangible Book Value	-627M	-477M	-492M	-1.08B	-698M
Tangible Book Value Per Share	-6.76	-5.23	-5.58	-12.3	-7.97
Total Debt	1.51B	1.52B	1.53B	2.2B	2.17B
Net Debt	1.15B	1.04B	1.14B	1.91B	1.7B
Debt Equivalent of Unfunded Proj. Benefit Obligation	35M	20.2M	-22.9M	12.1M	300K
Debt Equivalent Oper. Leases	346M	354M	363M	391M	487M
Minority Interest, Total (Incl. Fin. Div)	3M	3.2M	3.3M	2.7M	-
Account Code - Inventory Valuation	5	5	-	5	5
Inventories - Raw Materials, Total	117M	114M	144M	212M	218M
Inventories - Work In Process, Total	33.1M	42.3M	42M	41.7M	41.6M
Inventories - Finished Goods, Total	120M	127M	194M	225M	178M
Land - (BS)	16.6M	17.2M	16.5M	18.3M	19.1M
Buildings, Total	155M	180M	177M	173M	183M
Machinery, Total	417M	455M	451M	464M	489M
Full Time Employees	11K	11.5K	11K	12.3K	12.2K
Part Time Employees	-	-	-	-	200
Accumulated Allowance for Doubtful Accounts (Supple)	5.6M	6.2M	5.4M	6M	14M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	402M	314M	483M	458M	540M
Depreciation & Amortization - CF	37.3M	36M	37.6M	36.2M	37M
Amortization of Goodwill and Intangible Assets - (CF)	31.2M	31.5M	34M	49.4M	61.7M
Depreciation & Amortization, Total	68.5M	67.5M	71.6M	85.6M	98.7M
Amortization of Deferred Charges, Total - (CF)	14.5M	13.5M	11.5M	12.3M	12.9M
(Gain) Loss From Sale Of Asset	30.1M	37.3M	-	7.1M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-25.6M	200K	800K
Asset Writedown & Restructuring Costs	5.9M	102M	-	-	7.5M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	20.4M	20.8M	23.4M	24.5M	26.4M
Tax Benefit from Stock Options	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-30.8M	-28.6M	-35.1M	-58.4M	-68.3M
Change In Accounts Receivable	-6M	-1.9M	31.7M	-53.4M	-11.9M
Change In Inventories	5.4M	-7.8M	-106M	-61.7M	44.6M
Change In Accounts Payable	-11M	-1.6M	40M	2.5M	-33.6M
Change in Other Net Operating Assets	-10.6M	-24.9M	-6.3M	42.8M	-16.9M
Cash from Operations	488M	490M	489M	460M	601M
Capital Expenditure	-65.6M	-47.1M	-45.4M	-64M	-84.2M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-7.6M	-12.5M	-6.5M	-923M	-31.7M
Divestitures	3.3M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-3M	7.6M	-	-
Other Investing Activities, Total	-7.7M	5.9M	12.7M	-7M	-13.2M
Cash from Investing	-77.6M	-56.7M	-31.6M	-994M	-129M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	400M	-	250M	940M	30M
Total Debt Issued	400M	-	250M	940M	30M
Short Term Debt Repaid, Total	-200K	-100K	-	-	-
Long-Term Debt Repaid, Total	-418M	-100K	-239M	-284M	-112M
Total Debt Repaid	-418M	-200K	-239M	-284M	-112M
Issuance of Common Stock	6.5M	4.5M	-	-	-
Repurchase of Common Stock	-226M	-209M	-413M	-61M	-59.9M
Common Dividends Paid	-101M	-117M	-129M	-144M	-159M
Common & Preferred Stock Dividends Paid	-101M	-117M	-129M	-144M	-159M
Other Financing Activities, Total	-4.2M	-100K	1.4M	-14.5M	1.5M
Cash from Financing	-342M	-322M	-529M	437M	-299M
Foreign Exchange Rate Adjustments	-300K	10M	-10.2M	-12.3M	7.3M
Net Change in Cash	68.1M	122M	-82.5M	-110M	180M
Supplemental Items
Cash Interest Paid	48.8M	47.3M	45.1M	56.9M	92M
Cash Income Tax Paid (Refund)	103M	82.6M	89.1M	81.7M	158M
Levered Free Cash Flow	359M	378M	381M	292M	464M
Unlevered Free Cash Flow	394M	410M	412M	340M	522M
Change In Net Working Capital	2.4M	5.5M	-10.7M	107M	-8M
Net Debt Issued / Repaid	-17.9M	-200K	11.1M	656M	-81.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	12.29	11.87	11.06	11.12	11.08
Return on Total Capital	16.26	15.49	14.55	14.4	13.89
Return On Equity %	56.86	39.49	60.6	53.7	47.78
Return on Common Equity	57.06	39.61	60.81	53.85	47.82
Margin Analysis
Gross Profit Margin %	43.88	43.53	42.02	40.42	43.32
SG&A Margin	23.97	22.46	23.13	21.28	23.16
EBITDA Margin %	22.31	23.56	21.39	21.76	22.86
EBITA Margin %	21	22.23	20.08	20.65	21.85
EBIT Margin %	19.91	21.07	18.89	19.14	20.16
Income From Continuing Operations Margin %	14.09	11.56	16.85	14.01	14.81
Net Income Margin %	14.08	11.56	16.84	14	14.8
Net Avail. For Common Margin %	14.08	11.56	16.84	14	14.8
Normalized Net Income Margin	11.27	11.94	10.81	10.55	11.05
Levered Free Cash Flow Margin	12.57	13.89	13.29	8.93	12.7
Unlevered Free Cash Flow Margin	13.79	15.07	14.38	10.38	14.29
Asset Turnover
Asset Turnover	0.99	0.9	0.94	0.93	0.88
Fixed Assets Turnover	8.79	7.16	7.54	8.39	8
Receivables Turnover (Average Receivables)	8.72	8.35	9.48	9.64	9.03
Inventory Turnover (Average Inventory)	5.82	5.55	5.01	4.54	4.51
Short Term Liquidity
Current Ratio	1.98	2.2	1.86	1.73	1.26
Quick Ratio	1.38	1.59	1.18	0.98	0.82
Operating Cash Flow to Current Liabilities	0.96	0.94	0.81	0.65	0.56
Days Sales Outstanding (Average Receivables)	41.86	43.84	38.51	37.87	40.41
Days Outstanding Inventory (Average Inventory)	62.69	65.89	72.84	80.45	80.92
Average Days Payable Outstanding	52.3	52.14	49.73	48.1	48.57
Cash Conversion Cycle (Average Days)	52.26	57.59	61.62	70.22	72.76
Long Term Solvency
Total Debt/Equity	198.46	182.98	201.27	232.48	164.3
Total Debt / Total Capital	66.49	64.66	66.81	69.92	62.16
LT Debt/Equity	195.06	179.64	195.8	227.78	130.45
Long-Term Debt / Total Capital	65.35	63.48	64.99	68.51	49.36
Total Liabilities / Total Assets	74.37	72.87	75.01	76.34	69.42
EBIT / Interest Expense	10.14	11.22	10.79	8.25	7.9
EBITDA / Interest Expense	12.14	13.4	13.12	10.02	9.62
(EBITDA - Capex) / Interest Expense