Discounted Cash Flow

Allegion Plc.

ALLE · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $2.2b $229.1m $335.0m 10.2% $2.39
2017 $2.4b (7.6%) $273.3m (19.3%) $297.9m (-11.1%) 11.3% (10.9%) $2.87 (20.1%)
2018 $2.7b (13.4%) $434.9m (59.1%) $408.7m (37.2%) 15.9% (40.3%) $4.58 (59.6%)
2019 $2.9b (4.5%) $401.8m (-7.6%) $422.6m (3.4%) 14.1% (-11.6%) $4.29 (-6.3%)
2020 $2.7b (-4.7%) $314.3m (-21.8%) $443.2m (4.9%) 11.6% (-17.9%) $3.41 (-20.5%)
2021 $2.9b (5.4%) $483.0m (53.7%) $443.2m (0.0%) 16.8% (45.8%) $5.37 (57.5%)
2022 $3.3b (14.1%) $458.0m (-5.2%) $395.5m (-10.8%) 14.0% (-16.9%) $5.20 (-3.2%)
2023 $3.7b (11.6%) $540.4m (18.0%) $516.4m (30.6%) 14.8% (5.7%) $6.15 (18.3%)
2024 $3.8b (3.3%) $597.5m (10.6%) $582.9m (12.9%) 15.8% (7.0%) $6.85 (11.4%)
2025 $4.1b (7.8%) $643.8m (7.7%) $685.7m (17.6%) 15.8% (-0.1%) $7.48 (9.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model