Financials 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

Projected Income Statement: Allegion plc

income-statement-evolution-chart ALLEGION-PLC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,854	2,720	2,867	3,272	3,651	3,767	3,902	4,072
Change	-	-4.7%	5.42%	14.11%	11.58%	3.17%	3.61%	4.35%
EBITDA ¹	671.5	650.3	618.4	722.9	858.5	931.6	978.4	1,054
Change	-	-3.16%	-4.91%	16.9%	18.76%	8.52%	5.02%	7.74%
EBIT ¹	593.4	572.3	539.7	636.6	805.6	863.3	909.7	975.6
Change	-	-3.56%	-5.7%	17.95%	26.55%	7.16%	5.38%	7.24%
Interest Paid ¹	-56	-51.1	-50.2	-75.9	-93.1	-101.2	-100.8	-93.5
Earnings before Tax (EBT) ¹	475.2	365.4	524	514.5	617.2	704.4	761	847.3
Change	-	-23.11%	43.4%	-1.81%	19.96%	14.13%	8.03%	11.34%
Net income ¹	401.8	314.3	483	458	540.4	591.7	622.1	694.9
Change	-	-21.78%	53.67%	-5.18%	17.99%	9.49%	5.14%	11.71%
Announcement Date	2/18/20	2/16/21	2/15/22	2/22/23	2/20/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	719.5	674.7	589.5	728.4	727.3	694.3	746.9	717	709.2	723.6	773.1	913.7	861.5	923	912.5	917.9	897.4	893.9	965.6	967.1	938.9	924.5	999.9	998.8	968.5	955.5	1,031	1,023
Change	-	-6.23%	-12.63%	23.56%	-0.15%	-4.54%	7.58%	-4%	-1.09%	2.03%	6.84%	18.19%	-5.71%	7.14%	-1.14%	0.59%	-2.23%	-0.39%	8.02%	0.16%	-2.92%	-1.54%	8.16%	-0.11%	-3.03%	-1.34%	7.94%	-0.8%
EBITDA ¹	170.6	147.1	130.3	189.2	183.7	154	165.8	162.3	136.3	141.9	173.9	215.4	191.7	206	215.4	226.6	210.5	203.3	243.7	248.3	244.6	216.4	254.1	258.1	239.3	-	-	-
Change	-	-13.77%	-11.42%	45.2%	-2.91%	-16.17%	7.66%	-2.11%	-16.02%	4.11%	22.55%	23.86%	-11%	7.46%	4.56%	5.2%	-7.11%	-3.42%	19.87%	1.89%	-1.51%	-11.54%	17.46%	1.57%	-7.29%	-100%	-	-
EBIT ¹	151	128.2	111.2	169.4	163.5	134	146.2	143.2	116.3	122.5	154.9	191.6	167.6	192.4	202.6	213.4	197.2	189.3	228.6	233.7	211	200.3	238.8	244.5	222.6	-	-	-
Change	-	-15.1%	-13.26%	52.34%	-3.48%	-18.04%	9.1%	-2.05%	-18.78%	5.33%	26.45%	23.69%	-12.53%	14.8%	5.3%	5.33%	-7.59%	-4.01%	20.76%	2.23%	-9.72%	-5.07%	19.2%	2.39%	-8.92%	-100%	-	-
Charge d'intérêts ¹	-13.3	-12.9	-13	-12.9	-12.3	-12.3	-12.4	-12.3	-13.2	-11.9	-17.2	-23.1	-23.7	-23.6	-23.7	-22.9	-22.9	-22.9	-25.1	-28.8	-24.32	-28	-28	-28	-28	-	-	-
Earnings before Tax (EBT) ¹	97.7	12	87.9	159.7	105.8	122.5	136.2	140.8	124.5	107.3	133.3	133.7	140.2	147.7	162.5	170.1	136.9	152.9	189	194.6	167.5	-	-	-	-	-	-	-
Change	-	-87.72%	632.5%	81.68%	-33.75%	15.78%	11.18%	3.38%	-11.58%	-13.82%	24.23%	0.3%	4.86%	5.35%	10.02%	4.68%	-19.52%	11.69%	23.61%	2.96%	-13.93%	-100%	-	-	-	-	-	-
Net income ¹	80.7	0.4	73.7	146.9	93.3	108	118.8	143.5	112.7	93	115.1	114.6	135.3	123.5	142	156.3	118.6	123.8	155.4	174.2	137.9	-	-	-	-	-	-	-
Change	-	-99.5%	18,325%	99.32%	-36.49%	15.76%	10%	20.79%	-21.46%	-17.48%	23.76%	-0.43%	18.06%	-8.72%	14.98%	10.07%	-24.12%	4.38%	25.53%	12.1%	-20.84%	-100%	-	-	-	-	-	-
Announcement Date	2/18/20	4/23/20	7/23/20	10/22/20	2/16/21	4/22/21	7/22/21	10/21/21	2/15/22	4/26/22	7/28/22	10/27/22	2/22/23	4/26/23	7/26/23	10/31/23	2/20/24	4/25/24	7/24/24	10/24/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Allegion plc

balance-sheet-analysis-chart ALLEGION-PLC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,072	949	1,044	1,807	1,547	1,579	1,365	1,114
Change	-	-11.47%	10.01%	73.08%	-14.39%	2.08%	-13.55%	-18.39%
Announcement Date	2/18/20	2/16/21	2/15/22	2/22/23	2/20/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Allegion plc

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	65.6	47.1	45.4	64	84.2	91.79	95.17	101.8
Change	-	-28.2%	-3.61%	40.97%	31.56%	9.01%	3.68%	6.99%
Free Cash Flow (FCF) ¹	422.6	443.2	443.2	395.5	516.4	593.3	600.2	695
Change	-	4.87%	0%	-10.76%	30.57%	14.9%	1.16%	15.79%
Announcement Date	2/18/20	2/16/21	2/15/22	2/22/23	2/20/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Allegion plc

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	23.53%	23.91%	21.57%	22.09%	23.52%	24.73%	25.07%	25.88%
EBIT Margin (%)	20.79%	21.04%	18.82%	19.46%	22.07%	22.92%	23.31%	23.96%
EBT Margin (%)	16.65%	13.43%	18.27%	15.72%	16.91%	18.7%	19.5%	20.81%
Net margin (%)	14.08%	11.56%	16.84%	14%	14.8%	15.71%	15.94%	17.06%
FCF margin (%)	14.81%	16.29%	15.46%	12.09%	14.14%	15.75%	15.38%	17.07%
FCF / Net Income (%)	105.18%	141.01%	91.76%	86.35%	95.56%	100.28%	96.49%	100.01%
Profitability
ROA	13.91%	10.41%	15.78%	13.01%	13.02%	12.9%	13.6%	14.2%
ROE	56.82%	39.46%	60.56%	53.85%	47.82%	42.01%	36.2%	33.54%
Financial Health
Leverage (Debt/EBITDA)	1.6x	1.46x	1.69x	2.5x	1.8x	1.7x	1.39x	1.06x
Debt / Free cash flow	2.54x	2.14x	2.36x	4.57x	3x	2.66x	2.27x	1.6x
Capital Intensity
CAPEX / Current Assets (%)	2.3%	1.73%	1.58%	1.96%	2.31%	2.44%	2.44%	2.5%
CAPEX / EBITDA (%)	9.77%	7.24%	7.34%	8.85%	9.81%	9.85%	9.73%	9.66%
CAPEX / FCF (%)	15.52%	10.63%	10.24%	16.18%	16.31%	15.47%	15.86%	14.65%
Items per share
Cash flow per share ¹	5.177	5.283	5.399	5.204	6.8	7.376	8.498	-
Change	-	2.05%	2.19%	-3.61%	30.67%	8.47%	15.22%	-
Dividend per Share ¹	1.13	1.28	1.44	1.64	1.8	1.9	2.068	2.355
Change	-	13.27%	12.5%	13.89%	9.76%	5.56%	8.86%	13.86%
Book Value Per Share ¹	8.064	8.972	8.424	10.7	14.93	18.85	22.95	27.6
Change	-	11.26%	-6.1%	26.97%	39.58%	26.26%	21.75%	20.26%
EPS ¹	4.26	3.39	5.34	5.19	6.12	6.822	7.258	8.072
Change	-	-20.42%	57.52%	-2.81%	17.92%	11.48%	6.38%	11.23%
Nbr of stocks (in thousands)	92,917	92,039	89,696	87,845	87,788	86,929	86,929	86,929
Announcement Date	2/18/20	2/16/21	2/15/22	2/22/23	2/20/24	-	-	-