Allegion Plc Intrinsic Stock Value – ALLEGION PLC Reports Second Quarter Earnings for FY2023 on July 26 2023

🌥️Earnings Overview

On July 26th 2023, ALLEGION PLC ($NYSE:ALLE) reported its second quarter earnings results (ending June 30th 2023) with a year-over-year total revenue growth of 18.0%, amounting to USD 912.5 million, and a 23.4% increase in net income to USD 142.0 million.

Price History

On Wednesday, July 26 2023, ALLEGION PLC reported its second quarter earnings for fiscal year 2023. At the start of the day, ALLEGION PLC stock opened at $120.4 but ended the day at $117.3, representing a 7.7% drop from its previous closing price of $127.1. Despite the company reporting strong results, investors were not impressed as the stock saw a notable drop in price. This could be due to the company’s outlook for future quarters, as ALLEGION PLC expects revenue to remain at similar levels throughout the rest of the year.

Investors may be concerned that the company won’t be able to continue to post a healthy profit margin if revenue remains flat. Overall, ALLEGION PLC reported strong results for its second quarter of FY2023, yet investors were not pleased with the company’s outlook for the coming quarters. It will remain to be seen how investors react to the company’s future performance and whether the stock will see a rebound in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Allegion Plc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Allegion Plc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Allegion Plc. More…

Key Ratios Snapshot

Some of the financial key ratios for Allegion Plc are shown below. More…

Analysis – Allegion Plc Intrinsic Stock Value

At GoodWhale, we have conducted a comprehensive analysis of ALLEGION PLC‘s fundamentals. Through our proprietary Valuation Line, we determined that the intrinsic value of ALLEGION PLC share is $141.9. Currently, the stock is trading at $117.3, which is a fair price, yet still undervalued by an estimated 17.3%. We recommend investors take advantage of this discrepancy in price and consider adding ALLEGION PLC to their portfolio. More…

Peers

Its competitors include Perla Group International Inc, Powerlock International Corp, and Drone Guarder Inc. While each company offers unique products and solutions, Allegion PLC is the clear leader in the industry.

– Perla Group International Inc ($OTCPK:PERL)

Drone Guarder Inc. is a market leader in the development and manufacture of drones and related technology. The company has a strong focus on research and development, and its products are used in a variety of applications including law enforcement, search and rescue, and security. Drone Guarder Inc. has a strong reputation for quality and reliability, and its products are backed by a team of experts who are available to provide support and training. The company’s products are sold through a network of authorized dealers and distributors.

Summary

ALLEGION PLC reported strong second quarter of FY2023 financial results, with revenue growing 18.0% and net income increasing 23.4% year over year. Investors reacted negatively to the news, with the stock price moving down on the day of the announcement. Analysts have noted the company’s ability to produce strong results in a challenging environment, which has seen many competitors struggling. With a successful track record of delivering solid financial performance, ALLEGION PLC is a good investment choice for investors looking for steady returns in the long run.