Intrinsic value of Allegion - ALLE

Previous Close

$78.64

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$78.64

 
Intrinsic value

$34.35

 
Up/down potential

-56%

 
Rating

str. sell

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of ALLE stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 7.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  8.22
  4.60
  4.64
  4.68
  4.71
  4.74
  4.76
  4.79
  4.81
  4.83
  4.85
  4.86
  4.87
  4.89
  4.90
  4.91
  4.92
  4.93
  4.93
  4.94
  4.95
  4.95
  4.96
  4.96
  4.96
  4.97
  4.97
  4.97
  4.98
  4.98
  4.98
Revenue, $m
  2,238
  2,341
  2,450
  2,564
  2,685
  2,812
  2,946
  3,087
  3,235
  3,392
  3,556
  3,729
  3,911
  4,102
  4,303
  4,514
  4,736
  4,969
  5,214
  5,472
  5,742
  6,027
  6,325
  6,639
  6,969
  7,315
  7,679
  8,061
  8,462
  8,883
  9,326
Variable operating expenses, $m
 
  1,139
  1,189
  1,241
  1,296
  1,354
  1,415
  1,479
  1,547
  1,618
  1,693
  1,700
  1,783
  1,870
  1,962
  2,058
  2,159
  2,266
  2,377
  2,495
  2,618
  2,748
  2,884
  3,027
  3,178
  3,335
  3,501
  3,675
  3,858
  4,050
  4,252
Fixed operating expenses, $m
 
  845
  866
  887
  910
  932
  956
  979
  1,004
  1,029
  1,055
  1,081
  1,108
  1,136
  1,164
  1,193
  1,223
  1,254
  1,285
  1,317
  1,350
  1,384
  1,419
  1,454
  1,490
  1,528
  1,566
  1,605
  1,645
  1,686
  1,728
Total operating expenses, $m
  1,897
  1,984
  2,055
  2,128
  2,206
  2,286
  2,371
  2,458
  2,551
  2,647
  2,748
  2,781
  2,891
  3,006
  3,126
  3,251
  3,382
  3,520
  3,662
  3,812
  3,968
  4,132
  4,303
  4,481
  4,668
  4,863
  5,067
  5,280
  5,503
  5,736
  5,980
Operating income, $m
  341
  357
  395
  436
  479
  526
  575
  628
  685
  744
  808
  947
  1,019
  1,096
  1,177
  1,262
  1,353
  1,450
  1,552
  1,660
  1,774
  1,895
  2,023
  2,158
  2,301
  2,452
  2,612
  2,780
  2,958
  3,147
  3,345
EBITDA, $m
  408
  457
  496
  538
  583
  631
  682
  737
  795
  857
  922
  992
  1,066
  1,145
  1,228
  1,316
  1,410
  1,509
  1,614
  1,725
  1,843
  1,967
  2,098
  2,237
  2,384
  2,540
  2,704
  2,877
  3,060
  3,253
  3,457
Interest expense (income), $m
  0
  50
  40
  43
  46
  50
  53
  57
  61
  65
  69
  73
  78
  83
  88
  94
  99
  105
  112
  119
  126
  133
  141
  149
  157
  166
  176
  186
  196
  207
  218
Earnings before tax, $m
  295
  308
  355
  393
  433
  476
  522
  572
  624
  680
  739
  874
  941
  1,013
  1,088
  1,169
  1,254
  1,344
  1,440
  1,541
  1,648
  1,762
  1,882
  2,009
  2,144
  2,286
  2,436
  2,595
  2,762
  2,940
  3,127
Tax expense, $m
  64
  83
  96
  106
  117
  129
  141
  154
  168
  184
  200
  236
  254
  273
  294
  316
  339
  363
  389
  416
  445
  476
  508
  542
  579
  617
  658
  701
  746
  794
  844
Net income, $m
  229
  225
  259
  287
  316
  348
  381
  417
  455
  496
  540
  638
  687
  739
  794
  853
  915
  981
  1,051
  1,125
  1,203
  1,286
  1,374
  1,467
  1,565
  1,669
  1,778
  1,894
  2,017
  2,146
  2,282

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  312
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,247
  2,023
  2,117
  2,216
  2,321
  2,430
  2,546
  2,668
  2,796
  2,931
  3,073
  3,223
  3,380
  3,545
  3,719
  3,901
  4,093
  4,295
  4,507
  4,729
  4,963
  5,209
  5,467
  5,738
  6,023
  6,322
  6,637
  6,967
  7,314
  7,678
  8,060
Adjusted assets (=assets-cash), $m
  1,935
  2,023
  2,117
  2,216
  2,321
  2,430
  2,546
  2,668
  2,796
  2,931
  3,073
  3,223
  3,380
  3,545
  3,719
  3,901
  4,093
  4,295
  4,507
  4,729
  4,963
  5,209
  5,467
  5,738
  6,023
  6,322
  6,637
  6,967
  7,314
  7,678
  8,060
Revenue / Adjusted assets
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
Average production assets, $m
  478
  499
  522
  546
  572
  599
  627
  658
  689
  722
  757
  794
  833
  874
  916
  961
  1,009
  1,058
  1,111
  1,165
  1,223
  1,284
  1,347
  1,414
  1,484
  1,558
  1,636
  1,717
  1,802
  1,892
  1,986
Working capital, $m
  399
  140
  147
  154
  161
  169
  177
  185
  194
  204
  213
  224
  235
  246
  258
  271
  284
  298
  313
  328
  345
  362
  380
  398
  418
  439
  461
  484
  508
  533
  560
Total debt, $m
  1,464
  1,151
  1,235
  1,325
  1,418
  1,517
  1,622
  1,731
  1,847
  1,968
  2,096
  2,231
  2,372
  2,521
  2,677
  2,841
  3,014
  3,195
  3,386
  3,586
  3,797
  4,018
  4,250
  4,495
  4,751
  5,020
  5,303
  5,600
  5,912
  6,240
  6,584
Total liabilities, $m
  2,134
  1,821
  1,905
  1,995
  2,088
  2,187
  2,292
  2,401
  2,517
  2,638
  2,766
  2,901
  3,042
  3,191
  3,347
  3,511
  3,684
  3,865
  4,056
  4,256
  4,467
  4,688
  4,920
  5,165
  5,421
  5,690
  5,973
  6,270
  6,582
  6,910
  7,254
Total equity, $m
  113
  202
  212
  222
  232
  243
  255
  267
  280
  293
  307
  322
  338
  355
  372
  390
  409
  429
  451
  473
  496
  521
  547
  574
  602
  632
  664
  697
  731
  768
  806
Total liabilities and equity, $m
  2,247
  2,023
  2,117
  2,217
  2,320
  2,430
  2,547
  2,668
  2,797
  2,931
  3,073
  3,223
  3,380
  3,546
  3,719
  3,901
  4,093
  4,294
  4,507
  4,729
  4,963
  5,209
  5,467
  5,739
  6,023
  6,322
  6,637
  6,967
  7,313
  7,678
  8,060
Debt-to-equity ratio
  12.956
  5.690
  5.840
  5.980
  6.110
  6.240
  6.370
  6.490
  6.600
  6.710
  6.820
  6.920
  7.020
  7.110
  7.200
  7.280
  7.360
  7.440
  7.510
  7.580
  7.650
  7.710
  7.770
  7.830
  7.890
  7.940
  7.990
  8.040
  8.080
  8.130
  8.170
Adjusted equity ratio
  -0.103
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  229
  225
  259
  287
  316
  348
  381
  417
  455
  496
  540
  638
  687
  739
  794
  853
  915
  981
  1,051
  1,125
  1,203
  1,286
  1,374
  1,467
  1,565
  1,669
  1,778
  1,894
  2,017
  2,146
  2,282
Depreciation, amort., depletion, $m
  67
  100
  101
  102
  104
  105
  107
  109
  110
  112
  114
  45
  47
  49
  51
  54
  57
  59
  62
  65
  69
  72
  76
  79
  83
  88
  92
  96
  101
  106
  112
Funds from operations, $m
  372
  324
  360
  389
  420
  453
  488
  526
  566
  609
  654
  683
  734
  788
  846
  907
  972
  1,041
  1,113
  1,190
  1,272
  1,358
  1,450
  1,546
  1,648
  1,756
  1,870
  1,991
  2,118
  2,252
  2,394
Change in working capital, $m
  -6
  6
  7
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
  11
  12
  13
  13
  14
  15
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  27
Cash from operations, $m
  378
  424
  354
  382
  413
  445
  480
  517
  557
  599
  644
  672
  723
  777
  834
  894
  959
  1,027
  1,099
  1,175
  1,256
  1,341
  1,432
  1,527
  1,628
  1,735
  1,848
  1,968
  2,094
  2,227
  2,368
Maintenance CAPEX, $m
  0
  -27
  -28
  -29
  -31
  -32
  -34
  -35
  -37
  -39
  -41
  -43
  -45
  -47
  -49
  -51
  -54
  -57
  -59
  -62
  -65
  -69
  -72
  -76
  -79
  -83
  -88
  -92
  -96
  -101
  -106
New CAPEX, $m
  -43
  -21
  -23
  -24
  -26
  -27
  -29
  -30
  -32
  -33
  -35
  -37
  -39
  -41
  -43
  -45
  -47
  -50
  -52
  -55
  -58
  -61
  -64
  -67
  -70
  -74
  -77
  -81
  -85
  -90
  -94
Cash from investing activities, $m
  -64
  -48
  -51
  -53
  -57
  -59
  -63
  -65
  -69
  -72
  -76
  -80
  -84
  -88
  -92
  -96
  -101
  -107
  -111
  -117
  -123
  -130
  -136
  -143
  -149
  -157
  -165
  -173
  -181
  -191
  -200
Free cash flow, $m
  314
  376
  302
  328
  356
  386
  418
  452
  488
  527
  568
  593
  640
  689
  742
  798
  857
  920
  987
  1,058
  1,133
  1,212
  1,296
  1,385
  1,479
  1,578
  1,683
  1,794
  1,912
  2,036
  2,167
Issuance/(repayment) of debt, $m
  -64
  -265
  84
  89
  94
  99
  104
  110
  115
  122
  128
  134
  141
  149
  156
  164
  173
  181
  191
  200
  211
  221
  232
  244
  256
  269
  283
  297
  312
  328
  344
Issuance/(repurchase) of shares, $m
  -79
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -150
  -265
  84
  89
  94
  99
  104
  110
  115
  122
  128
  134
  141
  149
  156
  164
  173
  181
  191
  200
  211
  221
  232
  244
  256
  269
  283
  297
  312
  328
  344
Total cash flow (excl. dividends), $m
  159
  111
  387
  418
  450
  485
  522
  562
  604
  649
  696
  727
  781
  838
  898
  962
  1,030
  1,102
  1,178
  1,258
  1,343
  1,433
  1,528
  1,629
  1,735
  1,848
  1,966
  2,092
  2,224
  2,364
  2,511
Retained Cash Flow (-), $m
  -87
  -353
  -9
  -10
  -10
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -25
  -26
  -27
  -28
  -30
  -31
  -33
  -35
  -36
  -38
Prev. year cash balance distribution, $m
 
  264
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  21
  378
  408
  440
  474
  511
  550
  591
  635
  682
  712
  765
  821
  881
  944
  1,011
  1,082
  1,157
  1,236
  1,320
  1,409
  1,502
  1,602
  1,707
  1,818
  1,935
  2,059
  2,189
  2,327
  2,473
Discount rate, %
 
  8.80
  9.24
  9.70
  10.19
  10.70
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.21
  20.17
  21.18
  22.24
  23.35
  24.52
  25.74
  27.03
  28.38
  29.80
  31.29
  32.85
  34.50
  36.22
PV of cash for distribution, $m
 
  20
  316
  309
  298
  285
  270
  252
  232
  211
  190
  163
  142
  122
  103
  85
  69
  55
  42
  32
  24
  17
  12
  8
  5
  4
  2
  1
  1
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Allegion Public Limited Company manufactures and sells mechanical and electronic security products and solutions worldwide. It offers locks, locksets, portable locks, and key systems; door closers and controls/exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories. It also manufactures door and window products, including sealing systems, such as sound control, fire and smoke protection, threshold applications, lights, door louvers, intumescent products, photo-luminescent, and flood barrier for doors for use in commercial spaces and products, as well as designs and manufactures sliding and folding door hardware for commercial and residential spaces. 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. Allegion Public Limited Company sells its products and solutions through distribution and retail channels, ranging from specialty distribution to wholesalers; and through various retail channels, ranging from large do-it-yourself home improvement centers to small, specialty showroom outlets. Allegion Public Limited Company was incorporated in 2013 and is headquartered in Dublin, Ireland.

FINANCIAL RATIOS  of  Allegion (ALLE)

Valuation Ratios
P/E Ratio 32.7
Price to Sales 3.3
Price to Book 66.3
Price to Tangible Book
Price to Cash Flow 19.8
Price to Free Cash Flow 22.4
Growth Rates
Sales Growth Rate 8.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 22.9%
Cap. Spend. - 3 Yr. Gr. Rate 16.5%
Financial Strength
Quick Ratio 7
Current Ratio 0.1
LT Debt to Equity 1253.1%
Total Debt to Equity 1295.6%
Interest Coverage 0
Management Effectiveness
Return On Assets 10.2%
Ret/ On Assets - 3 Yr. Avg. 9.7%
Return On Total Capital 14.7%
Ret/ On T. Cap. - 3 Yr. Avg. 13.1%
Return On Equity 329.5%
Return On Equity - 3 Yr. Avg. 434.4%
Asset Turnover 1
Profitability Ratios
Gross Margin 44.1%
Gross Margin - 3 Yr. Avg. 42.4%
EBITDA Margin 16.2%
EBITDA Margin - 3 Yr. Avg. 15.9%
Operating Margin 15.2%
Oper. Margin - 3 Yr. Avg. 14.3%
Pre-Tax Margin 13.2%
Pre-Tax Margin - 3 Yr. Avg. 12%
Net Profit Margin 10.2%
Net Profit Margin - 3 Yr. Avg. 8.6%
Effective Tax Rate 21.7%
Eff/ Tax Rate - 3 Yr. Avg. 26.3%
Payout Ratio 20.1%

ALLE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ALLE stock intrinsic value calculation we used $2238 million for the last fiscal year's total revenue generated by Allegion. The default revenue input number comes from 2016 income statement of Allegion. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ALLE stock valuation model: a) initial revenue growth rate of 4.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.8%, whose default value for ALLE is calculated based on our internal credit rating of Allegion, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Allegion.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ALLE stock the variable cost ratio is equal to 48.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $824 million in the base year in the intrinsic value calculation for ALLE stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Allegion.

Corporate tax rate of 27% is the nominal tax rate for Allegion. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ALLE stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ALLE are equal to 21.3%.

Life of production assets of 17.8 years is the average useful life of capital assets used in Allegion operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ALLE is equal to 6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $113 million for Allegion - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 95.244 million for Allegion is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Allegion at the current share price and the inputted number of shares is $7.5 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
FBHS Fortune Brands 63.74 70.76  hold
SPB Spectrum Brand 143.73 72.60  sell
CIX CompX Internat 14.90 11.58  sell
NL NL Industries 8.10 3.06  str.sell
SWK Stanley Black& 136.15 149.93  hold
UTX United Technol 118.99 134.24  hold
HRG HRG Group 20.01 17.83  hold
HON Honeywell Inte 131.14 126.70  hold

COMPANY NEWS

▶ Allegion tops Street 1Q forecasts   [05:40AM  Associated Press]
▶ Allegion Declares Quarterly Dividend   [Apr-05-17 05:00PM  Business Wire]
▶ 3 Commercial Construction Stocks to Buy in 2017   [Apr-03-17 10:11AM  Motley Fool]
▶ ETFs with exposure to Allegion Plc : February 14, 2017   [Feb-14-17 02:19PM  Capital Cube]
▶ Allegion to Host Investor, Analyst Meeting in New York City   [Feb-07-17 05:00PM  Business Wire]
▶ Allegion Names President of Asia-Pacific Region   [Feb-03-17 07:00AM  Business Wire]
▶ Schlage Canada Launches Bilingual Canadian Website   [Jan-12-17 09:00AM  Marketwired]
▶ Allegion Acquires Republic Doors & Frames   [Jan-03-17 05:00PM  Business Wire]
▶ Allegion Declares Quarterly Dividend   [Nov-30-16 07:13PM  Business Wire]
▶ Is Allegion PLC (ALLE) a Good Stock to Buy?   [Nov-29-16 04:21PM  at Insider Monkey]
▶ Why Investors Are Paying a Premium for These Companies   [Nov-28-16 03:05PM  at Motley Fool]
▶ Allegion Declares Quarterly Dividend   [Aug-31-16 05:00PM  Business Wire]
Stock chart of ALLE Financial statements of ALLE
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.