Report
Valens Research

ALLE - Embedded Expectations Analysis - 2019 07 17

Allegion plc (ALLE:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 25.1x Uniform P/E, implying bullish expectations for the firm. However, management appears concerned about the construction market, revenue growth, and their capital allocation strategy

Specifically, management appears concerned about their ability to meet their full year revenue guidance, and they may lack confidence in their ability to continue raising prices. Additionally, they appear concerned about the macro outlook for new building projects, and they may be concerned about the sustainability of market conditions. Furthermore, management may be concerned about the sustainability of recent operating income growth, and they may lack confidence in their ability to effectively manage capital allocation
Underlying
Allegion PLC

Provider
Valens Research
Valens Research

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