Key Statistics
EV/EBIT = 18.1x
ROE = 43.22%
Debt/Equity = 179%
FCF Yield = 3.9%
Dividend Yield = 1.3%
Market Cap = $12.15 billion
The Company
Allegion (ALLE) is a leading provider of security solutions, specializing in high-quality locks, access control systems, and comprehensive security products designed to safeguard homes, businesses, and institutions.
It was originally part of Ingersoll-Rand until it was spun off as an independent company in December 2013.
Since its separation, Allegion has made significant strides in the security industry, developing a wide range of innovative products and expanding its global reach. With a strong focus on safety, convenience, and advanced technology, Allegion aims to provide seamless and secure access to buildings, homes, and businesses around the world.
Allegion has focused on expanding its business by acquiring other companies, improving its technology, and adding new products to its portfolio. The company aims to provide security solutions for places where people live, work, and gather, making access smooth, efficient, and safe.
One of Allegion's main priorities is leveraging smart technology to enhance its security offerings. Many of Allegion’s products now integrate with the Internet of Things (IoT), allowing for seamless, app-controlled access to homes and buildings.