Allegion Plc Stock Z Score

ALLE Stock

USD 125.42 0.21 0.17%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Allegion PLC Piotroski F Score and Allegion PLC Valuation analysis.

For information on how to trade Allegion Stock refer to our How to Trade Allegion Stock guide.

At present, Allegion PLC's Capital Surpluse is projected to decrease significantly based on the last few years of reporting. The current year's Net Working Capital is expected to grow to about 389.7 M, whereas Capital Stock is forecasted to decline to about 720 K. At present, Allegion PLC's Non Operating Income Net Other is projected to increase significantly based on the last few years of reporting. The current year's Extraordinary Items is expected to grow to about 26.4 M, whereas Interest Expense is forecasted to decline to about 56.7 M.

Allegion PLC Company Z Score Analysis

Allegion PLC's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Allegion Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Allegion PLC is extremely important. It helps to project a fair market value of Allegion Stock properly, considering its historical fundamentals such as Z Score. Since Allegion PLC's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Allegion PLC's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Allegion PLC's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Accounts Payable	Long Term Debt	Good Will	Total Liab	Intangible Assets	Property Plant Equipment	Net Debt	Net Receivables	Total Current Assets	Short Term Debt	Net Tangible Assets	Current Deferred Revenue	Retained Earnings	Long Term Investments	Short Long Term Debt	Common Stock	Long Term Debt Total	Deferred Long Term Liab	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.3	0.62	0.65	0.96	0.75	0.35	0.94	0.65	0.02	0.87	0.47	-0.43	-0.74	0.89	-0.03	-0.49	-0.78	0.92	0.58	-0.62	0.94	-0.69	-0.39
Total Stockholder Equity	0.3		0.42	-0.52	0.37	-0.4	0.66	0.53	-0.53	0.23	0.4	0.08	-0.01	-0.26	0.18	0.44	0.43	-0.27	0.24	-0.23	0.05	0.36	-0.27	-0.15
Accounts Payable	0.62	0.42		0.21	0.57	0.31	0.17	0.59	0.21	0.41	0.74	0.29	-0.12	-0.68	0.55	0.46	-0.08	-0.6	0.49	-0.12	-0.1	0.7	-0.51	-0.32
Long Term Debt	0.65	-0.52	0.21		0.56	0.98	-0.16	0.42	0.99	-0.23	0.43	0.26	-0.32	-0.43	0.65	-0.4	-0.82	-0.46	0.59	0.73	-0.64	0.52	-0.34	-0.17
Good Will	0.96	0.37	0.57	0.56		0.67	0.41	0.89	0.58	0.05	0.77	0.46	-0.57	-0.73	0.81	-0.06	-0.39	-0.69	0.96	0.55	-0.56	0.94	-0.69	-0.37
Total Liab	0.75	-0.4	0.31	0.98	0.67		-0.12	0.54	0.98	-0.14	0.56	0.39	-0.4	-0.52	0.73	-0.33	-0.76	-0.56	0.72	0.71	-0.63	0.65	-0.47	-0.27
Intangible Assets	0.35	0.66	0.17	-0.16	0.41	-0.12		0.52	-0.18	-0.08	0.24	0.03	-0.13	-0.25	0.27	0.13	0.08	-0.27	0.28	0.14	-0.17	0.32	-0.25	-0.09
Property Plant Equipment	0.94	0.53	0.59	0.42	0.89	0.54	0.52		0.41	-0.02	0.85	0.44	-0.3	-0.64	0.87	0.05	-0.37	-0.8	0.81	0.52	-0.6	0.87	-0.7	-0.39
Net Debt	0.65	-0.53	0.21	0.99	0.58	0.98	-0.18	0.41		-0.17	0.42	0.36	-0.43	-0.46	0.64	-0.38	-0.75	-0.48	0.64	0.7	-0.57	0.56	-0.42	-0.23
Net Receivables	0.02	0.23	0.41	-0.23	0.05	-0.14	-0.08	-0.02	-0.17		0.23	-0.01	0.09	0.12	-0.25	0.69	0.46	0.16	0.1	-0.68	0.58	0.18	-0.02	0.15
Total Current Assets	0.87	0.4	0.74	0.43	0.77	0.56	0.24	0.85	0.42	0.23		0.5	-0.23	-0.69	0.79	0.1	-0.26	-0.74	0.76	0.27	-0.51	0.87	-0.59	-0.45
Short Term Debt	0.47	0.08	0.29	0.26	0.46	0.39	0.03	0.44	0.36	-0.01	0.5		-0.77	-0.55	0.64	-0.25	-0.03	-0.74	0.61	0.34	-0.28	0.65	-0.79	-0.94
Net Tangible Assets	-0.43	-0.01	-0.12	-0.32	-0.57	-0.4	-0.13	-0.3	-0.43	0.09	-0.23	-0.77		0.53	-0.47	0.38	0.07	0.48	-0.68	-0.43	0.24	-0.6	0.63	0.7
Current Deferred Revenue	-0.74	-0.26	-0.68	-0.43	-0.73	-0.52	-0.25	-0.64	-0.46	0.12	-0.69	-0.55	0.53		-0.72	0.06	0.21	0.69	-0.73	-0.35	0.44	-0.79	0.65	0.55
Retained Earnings	0.89	0.18	0.55	0.65	0.81	0.73	0.27	0.87	0.64	-0.25	0.79	0.64	-0.47	-0.72		-0.21	-0.55	-0.95	0.77	0.69	-0.73	0.85	-0.74	-0.65
Long Term Investments	-0.03	0.44	0.46	-0.4	-0.06	-0.33	0.13	0.05	-0.38	0.69	0.1	-0.25	0.38	0.06	-0.21		0.49	0.05	-0.14	-0.69	0.67	0.05	0.08	0.23
Short Long Term Debt	-0.49	0.43	-0.08	-0.82	-0.39	-0.76	0.08	-0.37	-0.75	0.46	-0.26	-0.03	0.07	0.21	-0.55	0.49		0.33	-0.36	-0.78	0.67	-0.27	0.17	0.0
Common Stock	-0.78	-0.27	-0.6	-0.46	-0.69	-0.56	-0.27	-0.8	-0.48	0.16	-0.74	-0.74	0.48	0.69	-0.95	0.05	0.33		-0.66	-0.51	0.54	-0.81	0.8	0.79
Long Term Debt Total	0.92	0.24	0.49	0.59	0.96	0.72	0.28	0.81	0.64	0.1	0.76	0.61	-0.68	-0.73	0.77	-0.14	-0.36	-0.66		0.54	-0.51	0.94	-0.72	-0.46
Deferred Long Term Liab	0.58	-0.23	-0.12	0.73	0.55	0.71	0.14	0.52	0.7	-0.68	0.27	0.34	-0.43	-0.35	0.69	-0.69	-0.78	-0.51	0.54		-0.82	0.41	-0.43	-0.31
Capital Surpluse	-0.62	0.05	-0.1	-0.64	-0.56	-0.63	-0.17	-0.6	-0.57	0.58	-0.51	-0.28	0.24	0.44	-0.73	0.67	0.67	0.54	-0.51	-0.82		-0.46	0.41	0.29
Net Invested Capital	0.94	0.36	0.7	0.52	0.94	0.65	0.32	0.87	0.56	0.18	0.87	0.65	-0.6	-0.79	0.85	0.05	-0.27	-0.81	0.94	0.41	-0.46		-0.76	-0.58
Net Working Capital	-0.69	-0.27	-0.51	-0.34	-0.69	-0.47	-0.25	-0.7	-0.42	-0.02	-0.59	-0.79	0.63	0.65	-0.74	0.08	0.17	0.8	-0.72	-0.43	0.41	-0.76		0.69
Capital Stock	-0.39	-0.15	-0.32	-0.17	-0.37	-0.27	-0.09	-0.39	-0.23	0.15	-0.45	-0.94	0.7	0.55	-0.65	0.23	0.0	0.79	-0.46	-0.31	0.29	-0.58	0.69

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Allegion PLC

In accordance with the company's disclosures, Allegion PLC has a Z Score of 0.0. This is 100.0% lower than that of the Building Products sector and 100.0% lower than that of the Industrials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Allegion PLC ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Allegion PLC's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Allegion PLC's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Allegion PLC Institutional Holders

Institutional Holdings refers to the ownership stake in Allegion PLC that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Allegion PLC's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Allegion PLC's value.

		Shares
Goldman Sachs Group Inc	2023-12-31	1.6 M
Deutsche Bank Ag	2023-12-31	1.3 M
Nordea Investment Mgmt Bank Demark A/s	2023-12-31	1.3 M
Bank Of America Corp	2023-12-31	1 M
Intermede Investment Partners	2023-12-31	1 M
Ninety One Uk Limited	2023-12-31	995.6 K
Massachusetts Financial Services Company	2023-12-31	954.8 K
Northern Trust Corp	2023-12-31	912.4 K
Bank Of New York Mellon Corp	2023-12-31	908.9 K
Vanguard Group Inc	2023-12-31	10.6 M
Blackrock Inc	2023-12-31	10.5 M

Allegion Fundamentals

	Return On Equity	0.48
	Return On Asset	0.11
	Profit Margin	0.15 %
	Operating Margin	0.20 %
	Current Valuation	12.66 B
	Shares Outstanding	87.44 M
	Shares Owned By Insiders	0.41 %
	Shares Owned By Institutions	99.59 %
	Number Of Shares Shorted	1.61 M
	Price To Earning	23.28 X
	Price To Book	8.46 X
	Price To Sales	3.06 X
	Revenue	3.65 B
	Gross Profit	1.32 B
	EBITDA	833.3 M
	Net Income	540.6 M
	Cash And Equivalents	282.2 M
	Cash Per Share	3.21 X
	Total Debt	2.02 B
	Debt To Equity	2.94 %
	Current Ratio	1.79 X
	Book Value Per Share	15.06 X
	Cash Flow From Operations	600.6 M
	Short Ratio	1.97 X
	Earnings Per Share	6.12 X
	Price To Earnings To Growth	2.19 X
	Target Price	135.17
	Number Of Employees	12.2 K
	Beta	1.13
	Market Capitalization	10.95 B
	Total Asset	4.31 B
	Retained Earnings	1.58 B
	Working Capital	281.2 M
	Current Asset	735.1 M
	Current Liabilities	447.1 M
	Annual Yield	0.02 %
	Five Year Return	1.06 %
	Net Asset	4.31 B
	Last Dividend Paid	1.8

About Allegion PLC Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Allegion PLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allegion PLC using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allegion PLC based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Allegion PLC Investors Sentiment

The influence of Allegion PLC's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Allegion. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Allegion PLC's public news can be used to forecast risks associated with an investment in Allegion. The trend in average sentiment can be used to explain how an investor holding Allegion can time the market purely based on public headlines and social activities around Allegion PLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Allegion PLC's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Allegion PLC's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Allegion PLC's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Allegion PLC.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allegion PLC in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allegion PLC's short interest history, or implied volatility extrapolated from Allegion PLC options trading.

Pair Trading with Allegion PLC

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allegion PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allegion PLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with Allegion Stock

0.73

REZI

Resideo Technologies Financial Report 1st of May 2024

Pair Corr

The ability to find closely correlated positions to Allegion PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegion PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allegion PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allegion PLC to buy it.

The correlation of Allegion PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allegion PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegion PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Allegion PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Allegion PLC is a strong investment it is important to analyze Allegion PLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allegion PLC's future performance. For an informed investment choice regarding Allegion Stock, refer to the following important reports:

How To Invest In Allegion

Details

Is Allegion Stock a good investment?

Details

What is Allegion PLC's Net Worth?

Details

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Largest Security & Protection Services Companies

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Check out Allegion PLC Piotroski F Score and Allegion PLC Valuation analysis.

For information on how to trade Allegion Stock refer to our How to Trade Allegion Stock guide.

You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Allegion Stock analysis

When running Allegion PLC's price analysis, check to measure Allegion PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegion PLC is operating at the current time. Most of Allegion PLC's value examination focuses on studying past and present price action to predict the probability of Allegion PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegion PLC's price. Additionally, you may evaluate how the addition of Allegion PLC to your portfolios can decrease your overall portfolio volatility.

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Is Allegion PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegion PLC. If investors know Allegion will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegion PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.13)

Dividend Share

1.8

Earnings Share

6.12

Revenue Per Share

41.534

Quarterly Revenue Growth

0.042

The market value of Allegion PLC is measured differently than its book value, which is the value of Allegion that is recorded on the company's balance sheet. Investors also form their own opinion of Allegion PLC's value that differs from its market value or its book value, called intrinsic value, which is Allegion PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegion PLC's market value can be influenced by many factors that don't directly affect Allegion PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Allegion PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegion PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegion PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Allegion Plc Stock Z Score

Allegion PLC Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Allegion Z Score Driver Correlations

Allegion PLC ESG Sustainability

Allegion PLC Institutional Holders

Allegion Fundamentals

About Allegion PLC Fundamental Analysis

Allegion PLC Investors Sentiment

Pair Trading with Allegion PLC

Moving together with Allegion Stock

Complementary Tools for Allegion Stock analysis

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