August has been a tough month for our portfolio but as a reminder, we invest for the long-term, that is 3-5 years at least. Volatility is inevitable and as long as the thesis remains intact no investment action should be taken!
So if you have seen my latest post; few days ago I added to my $EVO.ST (Evolution AB ) position and currently I am evaluating the possibility of initiating a position on $ALLE (Allegion) .
๐๐ฒ๐ฟ๐ฒ ๐ถ๐ ๐ฎ ๐ฏ๐ฟ๐ถ๐ฒ๐ณ ๐ผ๐๐ฒ๐ฟ๐๐ถ๐ฒ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐ ๐
๐ ๐๐ฒ๐๐ฐ๐ฟ๐ถ๐ฝ๐๐ถ๐ผ๐ป: Allegion plc with ticker $ALLE is a leading provider of โsecurity products and solutions that keep people and assets safe and secure in the places they live, learn, work and visitโ.
๐ฒ ๐๐ฒ๐ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น๐: Over the period FY13 to trailing twelve months Q2 FY23, the Company depicted a net revenue Compound Annual Growth Rate of 6% and operating income CAGR of 6.7%, reaching a TTM revenue of $3.61B and operating income of $711M (margin of 19.7%).
Allegion has cash and short-term investments of $323M compared to total debt and lease liabilities of $2.2B.
๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ & ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฎ๐ฝ (๐ฎ๐ ๐ผ๐ณ ๐ฎ๐ญ๐๐ต ๐๐๐ด๐๐๐ ๐ฎ๐ฌ๐ฎ๐ฏ): Its market cap is $9.4B with a 52-week low of $87.33 and a 52-week high of $128.36, whereas it currently trades at $107.4.
โ ๐ฉ๐ฎ๐น๐๐ฎ๐๐ถ๐ผ๐ป: Allegion trades at a TTM EV/EBITDA of 14x (10 Year average of 16.9x) and a TTM EV/Sales of 3.1x (10 Year average of 3.6x).
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