Allegion reported third-quarter sales growth of 9.6% year over year from strong US growth and international acquisitions. Modest operating margin expansion resulted in 13% growth in adjusted earnings per share.
Allegion’s strong market position and pricing power in North America should continue to support stable, industry-leading profitability.
About half Allegion's revenue is tied to new construction. As such, a downturn in construction spending could materially reduce earnings and cash flow.
|
Metric
|
ALLE
|
JCI
|
ASSA B
|
|---|---|---|---|
Price/Earnings (Normalized) | 21.39 | 33.67 | 23.81 |
Price/Book Value | 7.07 | 6.94 | 3.56 |
Price/Sales | 3.54 | 3.71 | 2.75 |
Price/Cash Flow | 18.09 | 33.27 | 17.47 |
|
Metric
|
ALLE
|
JCI
|
ASSA B
|
|---|---|---|---|
Quick Ratio | 1.14 | 0.67 | 0.65 |
Current Ratio | 1.90 | 1.00 | 1.09 |
Interest Coverage | 9.57 | 13.92 | 8.61 |
|
Metric
|
ALLE
|
JCI
|
ASSA B
|
|---|---|---|---|
Return on Assets (Normalized) | 14.13% | 7.49% | 7.67% |
Return on Equity (Normalized) | 36.10% | 21.34% | 15.61% |
Return on Invested Capital (Normalized) | 20.04% | 13.00% | 10.87% |
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1-Day Chart
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