Intrinsic value of Allegion - ALLE

Previous Close

$79.29

  Intrinsic Value

$59.92

stock screener

  Rating & Target

sell

-24%

  Value-price divergence*

+287%

Previous close

$79.29

 
Intrinsic value

$59.92

 
Up/down potential

-24%

 
Rating

sell

 
Value-price divergence*

+287%

*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
  9.40
  8.96
  8.56
  8.21
  7.89
  7.60
  7.34
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.01
  5.91
  5.82
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
  5.32
  5.28
  5.26
  5.23
  5.21
Revenue, $m
  2,238
  2,448
  2,668
  2,896
  3,134
  3,381
  3,638
  3,905
  4,182
  4,471
  4,770
  5,082
  5,406
  5,744
  6,095
  6,462
  6,843
  7,241
  7,656
  8,090
  8,542
  9,015
  9,509
  10,026
  10,566
  11,132
  11,723
  12,343
  12,992
  13,671
  14,383
Variable operating expenses, $m
 
  1,188
  1,288
  1,392
  1,501
  1,613
  1,730
  1,852
  1,979
  2,110
  2,247
  2,317
  2,465
  2,619
  2,779
  2,946
  3,120
  3,302
  3,491
  3,689
  3,895
  4,111
  4,336
  4,571
  4,818
  5,076
  5,345
  5,628
  5,924
  6,234
  6,558
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
  2,033
  2,154
  2,279
  2,411
  2,545
  2,686
  2,831
  2,983
  3,139
  3,302
  3,398
  3,573
  3,755
  3,943
  4,139
  4,343
  4,556
  4,776
  5,006
  5,245
  5,495
  5,755
  6,025
  6,308
  6,604
  6,911
  7,233
  7,569
  7,920
  8,286
Operating income, $m
  341
  416
  514
  617
  724
  835
  952
  1,073
  1,200
  1,331
  1,469
  1,684
  1,833
  1,989
  2,152
  2,322
  2,500
  2,686
  2,880
  3,084
  3,297
  3,521
  3,755
  4,000
  4,258
  4,528
  4,812
  5,110
  5,423
  5,751
  6,096
EBITDA, $m
  408
  517
  618
  723
  833
  948
  1,067
  1,192
  1,321
  1,457
  1,598
  1,745
  1,898
  2,058
  2,225
  2,399
  2,582
  2,772
  2,972
  3,181
  3,399
  3,628
  3,869
  4,120
  4,384
  4,662
  4,952
  5,258
  5,578
  5,915
  6,269
Interest expense (income), $m
  56
  54
  57
  64
  72
  80
  88
  97
  106
  115
  125
  135
  145
  156
  167
  179
  191
  204
  217
  231
  246
  261
  277
  293
  310
  328
  347
  367
  388
  410
  432
Earnings before tax, $m
  295
  362
  457
  552
  652
  755
  864
  976
  1,094
  1,216
  1,344
  1,549
  1,688
  1,833
  1,985
  2,143
  2,308
  2,482
  2,663
  2,853
  3,051
  3,260
  3,478
  3,707
  3,948
  4,200
  4,465
  4,743
  5,035
  5,342
  5,664
Tax expense, $m
  64
  98
  123
  149
  176
  204
  233
  264
  295
  328
  363
  418
  456
  495
  536
  579
  623
  670
  719
  770
  824
  880
  939
  1,001
  1,066
  1,134
  1,205
  1,281
  1,359
  1,442
  1,529
Net income, $m
  229
  264
  334
  403
  476
  551
  630
  713
  799
  888
  981
  1,131
  1,232
  1,338
  1,449
  1,564
  1,685
  1,812
  1,944
  2,082
  2,228
  2,380
  2,539
  2,706
  2,882
  3,066
  3,259
  3,462
  3,676
  3,900
  4,135

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
  2,458
  2,678
  2,908
  3,147
  3,395
  3,653
  3,921
  4,199
  4,489
  4,790
  5,103
  5,428
  5,767
  6,120
  6,487
  6,871
  7,270
  7,687
  8,122
  8,577
  9,051
  9,547
  10,066
  10,609
  11,176
  11,770
  12,392
  13,044
  13,726
  14,441
Adjusted assets (=assets-cash), $m
  1,935
  2,458
  2,678
  2,908
  3,147
  3,395
  3,653
  3,921
  4,199
  4,489
  4,790
  5,103
  5,428
  5,767
  6,120
  6,487
  6,871
  7,270
  7,687
  8,122
  8,577
  9,051
  9,547
  10,066
  10,609
  11,176
  11,770
  12,392
  13,044
  13,726
  14,441
Revenue / Adjusted assets
  1.157
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
  0.996
Average production assets, $m
  478
  522
  568
  617
  668
  720
  775
  832
  891
  952
  1,016
  1,083
  1,152
  1,223
  1,298
  1,376
  1,458
  1,542
  1,631
  1,723
  1,819
  1,920
  2,025
  2,136
  2,251
  2,371
  2,497
  2,629
  2,767
  2,912
  3,064
Working capital, $m
  399
  147
  160
  174
  188
  203
  218
  234
  251
  268
  286
  305
  324
  345
  366
  388
  411
  434
  459
  485
  513
  541
  571
  602
  634
  668
  703
  741
  779
  820
  863
Total debt, $m
  1,464
  1,542
  1,741
  1,947
  2,162
  2,385
  2,617
  2,859
  3,109
  3,370
  3,641
  3,922
  4,215
  4,520
  4,838
  5,169
  5,514
  5,873
  6,248
  6,640
  7,049
  7,476
  7,923
  8,390
  8,878
  9,389
  9,923
  10,483
  11,069
  11,683
  12,327
Total liabilities, $m
  2,134
  2,212
  2,411
  2,617
  2,832
  3,055
  3,287
  3,529
  3,779
  4,040
  4,311
  4,592
  4,885
  5,190
  5,508
  5,839
  6,184
  6,543
  6,918
  7,310
  7,719
  8,146
  8,593
  9,060
  9,548
  10,059
  10,593
  11,153
  11,739
  12,353
  12,997
Total equity, $m
  113
  246
  268
  291
  315
  339
  365
  392
  420
  449
  479
  510
  543
  577
  612
  649
  687
  727
  769
  812
  858
  905
  955
  1,007
  1,061
  1,118
  1,177
  1,239
  1,304
  1,373
  1,444
Total liabilities and equity, $m
  2,247
  2,458
  2,679
  2,908
  3,147
  3,394
  3,652
  3,921
  4,199
  4,489
  4,790
  5,102
  5,428
  5,767
  6,120
  6,488
  6,871
  7,270
  7,687
  8,122
  8,577
  9,051
  9,548
  10,067
  10,609
  11,177
  11,770
  12,392
  13,043
  13,726
  14,441
Debt-to-equity ratio
  12.956
  6.270
  6.500
  6.700
  6.870
  7.030
  7.170
  7.290
  7.400
  7.510
  7.600
  7.690
  7.770
  7.840
  7.910
  7.970
  8.020
  8.080
  8.130
  8.180
  8.220
  8.260
  8.300
  8.330
  8.370
  8.400
  8.430
  8.460
  8.490
  8.510
  8.540
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
  264
  334
  403
  476
  551
  630
  713
  799
  888
  981
  1,131
  1,232
  1,338
  1,449
  1,564
  1,685
  1,812
  1,944
  2,082
  2,228
  2,380
  2,539
  2,706
  2,882
  3,066
  3,259
  3,462
  3,676
  3,900
  4,135
Depreciation, amort., depletion, $m
  67
  101
  104
  106
  109
  112
  115
  118
  122
  125
  129
  61
  65
  69
  73
  77
  82
  87
  92
  97
  102
  108
  114
  120
  126
  133
  140
  148
  155
  164
  172
Funds from operations, $m
  372
  365
  437
  509
  585
  664
  746
  831
  920
  1,013
  1,110
  1,192
  1,297
  1,407
  1,522
  1,642
  1,767
  1,898
  2,035
  2,179
  2,330
  2,487
  2,653
  2,826
  3,008
  3,199
  3,400
  3,610
  3,831
  4,063
  4,307
Change in working capital, $m
  -6
  13
  13
  14
  14
  15
  15
  16
  17
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  27
  28
  30
  31
  32
  34
  36
  37
  39
  41
  43
Cash from operations, $m
  378
  352
  424
  496
  571
  649
  730
  815
  904
  996
  1,092
  1,173
  1,277
  1,387
  1,501
  1,620
  1,744
  1,874
  2,011
  2,153
  2,303
  2,459
  2,623
  2,795
  2,976
  3,165
  3,364
  3,573
  3,792
  4,022
  4,264
Maintenance CAPEX, $m
  0
  -27
  -29
  -32
  -35
  -38
  -40
  -44
  -47
  -50
  -53
  -57
  -61
  -65
  -69
  -73
  -77
  -82
  -87
  -92
  -97
  -102
  -108
  -114
  -120
  -126
  -133
  -140
  -148
  -155
  -164
New CAPEX, $m
  -43
  -44
  -47
  -49
  -51
  -53
  -55
  -57
  -59
  -61
  -64
  -66
  -69
  -72
  -75
  -78
  -81
  -85
  -88
  -92
  -96
  -101
  -105
  -110
  -115
  -120
  -126
  -132
  -138
  -145
  -152
Cash from investing activities, $m
  -64
  -71
  -76
  -81
  -86
  -91
  -95
  -101
  -106
  -111
  -117
  -123
  -130
  -137
  -144
  -151
  -158
  -167
  -175
  -184
  -193
  -203
  -213
  -224
  -235
  -246
  -259
  -272
  -286
  -300
  -316
Free cash flow, $m
  314
  281
  348
  415
  485
  559
  635
  715
  798
  884
  975
  1,049
  1,148
  1,250
  1,357
  1,469
  1,586
  1,708
  1,835
  1,969
  2,109
  2,256
  2,410
  2,571
  2,741
  2,918
  3,105
  3,301
  3,506
  3,722
  3,949
Issuance/(repayment) of debt, $m
  -64
  78
  198
  206
  215
  223
  232
  241
  251
  261
  271
  282
  293
  305
  318
  331
  345
  360
  375
  392
  409
  427
  447
  467
  488
  511
  535
  560
  586
  614
  643
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
  78
  198
  206
  215
  223
  232
  241
  251
  261
  271
  282
  293
  305
  318
  331
  345
  360
  375
  392
  409
  427
  447
  467
  488
  511
  535
  560
  586
  614
  643
Total cash flow (excl. dividends), $m
  159
  360
  546
  622
  700
  782
  867
  956
  1,049
  1,145
  1,246
  1,331
  1,441
  1,555
  1,675
  1,800
  1,930
  2,067
  2,211
  2,361
  2,518
  2,683
  2,857
  3,038
  3,229
  3,429
  3,640
  3,860
  4,092
  4,336
  4,592
Retained Cash Flow (-), $m
  -87
  -133
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -30
  -31
  -33
  -34
  -35
  -37
  -38
  -40
  -42
  -44
  -45
  -47
  -50
  -52
  -54
  -57
  -59
  -62
  -65
  -68
  -71
Prev. year cash balance distribution, $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 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
 
  227
  524
  599
  676
  757
  841
  929
  1,021
  1,116
  1,215
  1,300
  1,408
  1,521
  1,639
  1,763
  1,892
  2,027
  2,169
  2,317
  2,473
  2,636
  2,807
  2,986
  3,175
  3,372
  3,580
  3,798
  4,027
  4,268
  4,521
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
 
  209
  439
  453
  459
  456
  444
  426
  401
  371
  338
  298
  262
  226
  191
  158
  129
  102
  79
  60
  45
  32
  23
  15
  10
  7
  4
  2
  1
  1
  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 33
Price to Sales 3.4
Price to Book 66.8
Price to Tangible Book
Price to Cash Flow 20
Price to Free Cash Flow 22.5
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 6
Management Effectiveness
Return On Assets 12.1%
Ret/ On Assets - 3 Yr. Avg. 10.3%
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 18.7%
EBITDA Margin - 3 Yr. Avg. 16.8%
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 9.4% 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 3.7% 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 94.178 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.

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COMPANY NEWS

▶ Allegion beats Street 2Q forecasts   [Jul-28-17 01:24AM  Associated Press]
▶ Stocks Higher As Facebook, 4 Others Reach New Buy Zones   [Jun-19-17 01:31PM  Investor's Business Daily]
▶ ETFs with exposure to Allegion Plc : June 15, 2017   [Jun-15-17 01:00PM  Capital Cube]
▶ Allegion Plc Value Analysis (NYSE:ALLE) : June 13, 2017   [Jun-13-17 01:15PM  Capital Cube]
▶ 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]
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.

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