Allegion Plc - Understand $alle stock

$ALLE Market Cap: $12.2 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$3.724B

TTM

Gross Margin

43.94%

TTM

Net Earnings

$572.0M

TTM

Current Assets

$1.862B

Q3 2024

Current Liabilities

$1.092B

Q3 2024

Current Ratio

170.63%

Q3 2024

Total Assets

$4.974B

Q3 2024

Total Liabilities

$3.403B

Q3 2024

Book Value

$1.571B

Q3 2024

Cash

$878.9M

Q3 2024

P/E

21.33

Nov 29, 2024 EST

Free Cash Flow

$584.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$3.651B	$3.272B	$2.867B	$2.720B	$2.854B	$2.732B	$2.408B	$2.238B	$2.068B	$2.118B	$2.070B	$2.023B	$2.021B	$1.968B
YoY Change	11.58%	14.11%	5.42%	-4.7%	4.48%	13.43%	7.61%	8.22%	-2.37%	2.35%	2.29%	0.1%	2.72%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$3.651B	$3.272B	$2.867B	$2.720B	$2.854B	$2.732B	$2.408B	$2.238B	$2.068B	$2.118B	$2.070B	$2.023B	$2.021B	$1.968B
Cost Of Revenue	$2.069B	$1.950B	$1.663B	$1.541B	$1.602B	$1.558B	$1.335B	$1.248B	$1.199B	$1.265B	$1.208B	$1.198B	$1.211B	$1.201B
Gross Profit	$1.582B	$1.322B	$1.205B	$1.179B	$1.252B	$1.173B	$1.073B	$989.7M	$869.1M	$853.7M	$861.5M	$825.6M	$809.9M	$767.0M
Gross Profit Margin	43.32%	40.42%	42.02%	43.34%	43.88%	42.95%	44.55%	44.22%	42.02%	40.3%	41.63%	40.8%	40.07%	38.98%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$865.6M	$736.0M	$674.7M	$635.7M	$681.3M	$647.5M	$580.4M	$555.4M	$510.5M	$527.4M	$483.1M	$454.3M	$411.7M	$405.2M
YoY Change	17.61%	9.09%	6.13%	-6.69%	5.22%	11.56%	4.5%	8.8%	-3.2%	9.17%	6.34%	10.35%	1.6%
% of Gross Profit	54.73%	55.66%	56.0%	53.93%	54.4%	55.19%	54.1%	56.12%	58.74%	61.78%	56.08%	55.03%	50.83%	52.83%
Research & Development	$101.9M	$74.50M	$73.30M	$54.40M	$54.70M	$54.40M	$48.30M	$47.30M	$45.20M	$43.30M	$39.60M	$38.20M	$38.90M	$33.80M
YoY Change	36.78%	1.64%	34.74%	-0.55%	0.55%	12.63%	2.11%	4.65%	4.39%	9.34%	3.66%	-1.8%	15.09%
% of Gross Profit	6.44%	5.63%	6.08%	4.61%	4.37%	4.64%	4.5%	4.78%	5.2%	5.07%	4.6%	4.63%	4.8%	4.41%
Depreciation & Amortization	$109.0M	$95.10M	$79.20M	$78.00M	$78.10M	$82.30M	$61.60M	$61.40M	$48.80M	$44.20M	$45.70M	$53.70M	$46.00M	$47.30M
YoY Change	14.62%	20.08%	1.54%	-0.13%	-5.1%	33.6%	0.33%	25.82%	10.41%	-3.28%	-14.9%	16.74%	-2.75%
% of Gross Profit	6.89%	7.19%	6.57%	6.62%	6.24%	7.01%	5.74%	6.2%	5.62%	5.18%	5.3%	6.5%	5.68%	6.17%
Operating Expenses	$967.5M	$810.5M	$748.0M	$690.1M	$736.0M	$701.9M	$628.7M	$602.7M	$555.7M	$570.7M	$522.7M	$492.5M	$450.6M	$439.0M
YoY Change	19.37%	8.36%	8.39%	-6.24%	4.86%	11.64%	4.31%	8.46%	-2.63%	9.18%	6.13%	9.3%	2.64%
Operating Profit	$708.4M	$586.4M	$530.2M	$403.5M	$565.1M	$525.8M	$492.5M	$434.3M	$358.6M	$326.3M	$240.8M	$371.3M	$359.3M	$328.0M
YoY Change	20.8%	10.6%	31.4%	-28.6%	7.47%	6.76%	13.4%	21.11%	9.9%	35.51%	-35.15%	3.34%	9.54%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$93.10M	$75.90M	$50.20M	$51.10M	$56.00M	$54.00M	$105.7M	$64.30M	$52.90M	$53.80M	$10.20M	$1.500M	$3.100M	$1.800M
YoY Change	22.66%	51.2%	-1.76%	-8.75%	3.7%	-48.91%	64.39%	21.55%	-1.67%	427.45%	580.0%	-51.61%	72.22%
% of Operating Profit	13.14%	12.94%	9.47%	12.66%	9.91%	10.27%	21.46%	14.81%	14.75%	16.49%	4.24%	0.4%	0.86%	0.55%
Other Income/Expense, Net	$1.900M	$11.60M	$44.00M	$13.00M	-$3.800M	$3.400M	$8.900M	$9.400M	$7.800M	-$4.600M	-$7.200M	-$3.100M	$100.0K	-$100.0K
YoY Change	-83.62%	-73.64%	238.46%	-442.11%	-211.76%	-61.8%	-5.32%	20.51%	-269.57%	-36.11%	132.26%	-3200.0%	-200.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	$617.2M	$514.5M	$524.0M	$365.4M	$475.2M	$475.2M	$395.7M	$295.0M	$209.3M	$267.9M	$223.4M	$366.7M	$362.2M	$326.7M
YoY Change	19.96%	-1.81%	43.4%	-23.11%	0.0%	20.09%	34.14%	40.95%	-21.87%	19.92%	-39.08%	1.24%	10.87%
Income Tax	$76.60M	$56.20M	$40.70M	$50.90M	$73.10M	$39.80M	$119.0M	$63.80M	$54.60M	$84.20M	$175.0M	$136.7M	$130.5M	$125.7M
% Of Pretax Income	12.41%	10.92%	7.77%	13.93%	15.38%	8.38%	30.07%	21.63%	26.09%	31.43%	78.33%	37.28%	36.03%	38.48%
Net Earnings	$540.4M	$458.0M	$483.0M	$314.3M	$401.8M	$434.9M	$273.3M	$229.1M	$153.9M	$175.2M	$32.30M	$220.1M	$218.1M	$191.8M
YoY Change	17.99%	-5.18%	53.67%	-21.78%	-7.61%	59.13%	19.29%	48.86%	-12.16%	442.41%	-85.32%	0.92%	13.71%
Net Earnings / Revenue	14.8%	14.0%	16.84%	11.56%	14.08%	15.92%	11.35%	10.24%	7.44%	8.27%	1.56%	10.88%	10.79%	9.75%
Basic Earnings Per Share	$6.15	$5.20	$5.37	$3.41	$4.29	$4.58	$2.87	$2.39	$1.60	$1.82	$0.34	$2.29
Diluted Earnings Per Share	$6.12	$5.19	$5.34	$3.39	$4.26	$4.54	$2.85	$2.36	$1.59	$1.80	$0.34	$2.29	$2.267M	$1.994M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$468.1M	$288.0M	$397.9M	$480.4M	$355.3M	$283.8M	$466.2M	$312.4M	$199.7M	$290.5M	$227.4M	$317.5M	$376.8M
YoY Change	62.53%	-27.62%	-17.17%	35.21%	25.19%	-39.12%	49.23%	56.43%	-31.26%	27.75%	-28.38%	-15.74%
Cash & Equivalents	$468.1M	$288.0M	$397.9M	$480.4M	$355.3M	$283.8M	$466.2M	$312.4M	$199.7M	$290.5M	$227.4M	$317.5M	$376.8M
Short-Term Investments
Other Short-Term Assets	$41.50M	$52.00M	$56.00M	$59.70M	$46.80M	$42.60M	$30.10M	$36.30M	$27.90M	$311.5M	$113.1M	$44.10M	$43.00M
YoY Change	-20.19%	-7.14%	-6.2%	27.56%	9.86%	41.53%	-17.08%	30.11%	-91.04%	175.42%	156.46%	2.56%
Inventory	$438.5M	$479.0M	$380.4M	$283.1M	$269.9M	$280.3M	$239.8M	$220.6M	$204.1M	$169.3M	$346.3M	$260.1M	$254.5M
Prepaid Expenses
Receivables	$412.8M	$395.6M	$283.3M	$321.8M	$329.8M	$324.9M	$296.6M	$260.0M	$303.4M	$230.4M	$260.0M	$288.2M	$287.4M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.361B	$1.215B	$1.118B	$1.145B	$1.002B	$931.6M	$1.033B	$829.3M	$735.1M	$1.002B	$946.8M	$909.9M	$961.7M
YoY Change	12.05%	8.68%	-2.39%	14.29%	7.54%	-9.79%	24.53%	12.81%	-26.61%	5.8%	4.06%	-5.39%
Property, Plant & Equipment	$506.2M	$406.8M	$373.6M	$386.9M	$372.8M	$276.7M	$252.2M	$226.6M	$224.8M	$207.2M	$200.2M	$232.0M	$244.6M
YoY Change	24.43%	8.89%	-3.44%	3.78%	34.73%	9.71%	11.3%	0.8%	8.49%	3.5%	-13.71%	-5.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$65.80M	$46.80M	$35.80M	$13.70M				$0.00		$17.90M		$16.70M	$10.40M
YoY Change	40.6%	30.73%	161.31%									60.58%
Other Assets	$362.7M	$301.0M	$272.7M	$231.4M	$208.4M	$171.8M	$101.6M	$117.3M	$216.6M	$179.3M	$202.6M	$36.80M	$31.10M
YoY Change	20.5%	10.38%	17.85%	11.04%	21.3%	69.09%	-13.38%	-45.84%	20.8%	-11.5%	450.54%	18.33%
Total Long-Term Assets	$2.951B	$2.777B	$1.933B	$1.924B	$1.965B	$1.879B	$1.509B	$1.418B	$1.528B	$1.014B	$1.054B	$1.074B	$1.075B
YoY Change	6.27%	43.61%	0.47%	-2.09%	4.62%	24.47%	6.43%	-7.19%	50.65%	-3.76%	-1.87%	-0.06%
Total Assets	$4.312B	$3.991B	$3.051B	$3.069B	$2.967B	$2.810B	$2.542B	$2.247B	$2.263B	$2.016B	$2.001B	$1.984B	$2.036B
YoY Change
Accounts Payable	$259.2M	$280.7M	$259.1M	$220.4M	$221.0M	$235.0M	$188.3M	$179.9M	$175.1M	$175.6M	$211.3M	$227.2M	$218.3M
YoY Change	-7.66%	8.34%	17.56%	-0.27%	-5.96%	24.8%	4.67%	2.74%	-0.28%	-16.9%	-7.0%	4.08%
Accrued Expenses	$393.0M	$382.6M	$317.6M	$275.5M	$271.6M	$230.2M	$218.6M	$198.1M	$200.7M	$155.5M	$180.6M	$153.0M	$154.7M
YoY Change	2.72%	20.47%	15.28%	1.44%	17.98%	5.31%	10.35%	-1.3%	29.07%	-13.9%	18.04%	-1.1%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.300M	$0.00
YoY Change											-100.0%
Long-Term Debt Due	$412.6M	$12.60M	$12.60M	$200.0K	$100.0K	$35.30M	$35.00M	$48.20M	$65.60M	$49.60M	$71.90M	$900.0K	$1.400M
YoY Change	3174.6%	0.0%	6200.0%	100.0%	-99.72%	0.86%	-27.39%	-26.52%	32.26%	-31.02%	7888.89%	-35.71%
Total Short-Term Liabilities	$1.080B	$703.6M	$601.2M	$521.5M	$507.0M	$520.8M	$460.8M	$429.6M	$447.1M	$532.5M	$490.5M	$382.7M	$374.5M
YoY Change	53.45%	17.03%	15.28%	2.86%	-2.65%	13.02%	7.26%	-3.91%	-16.04%	8.56%	28.17%	2.19%
Long-Term Debt	$1.602B	$2.082B	$1.430B	$1.429B	$1.428B	$1.410B	$1.442B	$1.416B	$1.458B	$1.215B	$1.272B	$2.800M	$3.500M
YoY Change	-23.03%	45.64%	0.01%	0.13%	1.28%	-2.27%	1.89%	-2.87%	19.96%	-4.48%	45328.57%	-20.0%
Other Long-Term Liabilities	$217.5M	$159.6M	$157.1M	$180.2M	$164.4M	$110.0M	$109.8M	$167.1M	$328.7M	$192.9M	$186.4M	$140.1M	$130.0M
YoY Change	36.28%	1.59%	-12.82%	9.61%	49.45%	0.18%	-34.29%	-49.16%	70.4%	3.49%	33.05%	7.77%
Total Long-Term Liabilities	$1.820B	$2.242B	$1.587B	$1.610B	$1.592B	$1.520B	$1.552B	$1.583B	$1.786B	$1.408B	$1.458B	$142.9M	$133.5M
YoY Change	-18.81%	41.28%	-1.43%	1.11%	4.77%	-2.1%	-1.93%	-11.39%	26.87%	-3.46%	920.57%	7.04%
Total Liabilities	$2.993B	$3.049B	$2.292B	$2.240B	$2.210B	$2.159B	$2.140B	$2.134B	$2.237B	$2.021B	$2.067B	$640.6M	$622.4M
YoY Change	-1.84%	33.05%	2.32%	1.37%	2.34%	0.88%	0.3%	-4.62%	10.72%	-2.23%	222.62%	2.92%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	87.90M shares	88.00M shares	89.90M shares	92.30M shares	93.60M shares	95.00M shares	95.10M shares	95.80M shares	95.90M shares	96.10M shares	96.00M shares	96.00M shares
Diluted Shares Outstanding	88.30M shares	88.30M shares	90.50M shares	92.80M shares	94.30M shares	95.70M shares	96.00M shares	96.90M shares	96.90M shares	97.20M shares	96.10M shares	96.00M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $12.198 Billion

About Allegion plc

Allegion Plc engages in the provision of security products and solutions that keep people safe, secure, and productive. The company is headquartered in Dublin, Dublin and currently employs 12,200 full-time employees. The company went IPO on 2013-11-18. The firm secures people and assets with a range of solutions for homes, businesses, schools and institutions. Its Allegion Americas segment is a provider of security products, services and solutions throughout North America. The segment sells a range of products and solutions, including locks, locksets, key systems, door controls and systems, exit devices, doors, accessories, electronic security products, access control systems and software and service solutions to customers in commercial, institutional, and residential facilities. Its Allegion International segment provides security products, services and solutions primarily throughout Europe, Asia and Oceania. The segment offers end-users a range of products, services and solutions including locks, locksets, portable locks, key systems, door closers and systems, doors, and others. Its brands include CISA, Interflex, LCN, Schlage, SOSS, and others.

Industry: Services-Detective, Guard & Armored Car Services Peers: Johnson Controls International plc Trane Technologies plc