Allegion PLC (ALLE) vs Evolv Technologies Holdings, Inc. (EVLV)

Allegion PLC and Evolv Technologies Holdings, Inc. are both Security & Protection Services companies. Allegion PLC is the larger, with a market value of $13.0B against $887.5M — 14.6× the size. Evolv Technologies Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Allegion PLC trades at 20.2×. Evolv Technologies Holdings, Inc. grew revenue faster over the last twelve months: 41.7% against 10.6%. Allegion PLC has the higher net margin (15.4% vs −3.05%) and the higher return on invested capital (14.6% vs −26.4%). Across the 19 metrics below, Allegion PLC leads on 14 and Evolv Technologies Holdings, Inc. on 5.

Valuation

Metric ALLE EVLV Security & Protection Services median
P/E 20.24 n/m 21.88
P/S 3.09 5.03 1.21
P/B 6.26 7.26 2.21
Price to free cash flow 19.78 n/m 20.62
EV/EBITDA 14.46 n/m 12.37
EV/Sales 3.49 4.84 1.86
Earnings yield 4.94% (0.63%) 3.67%
Free cash flow yield 5.06% (0.64%) 1.13%

Profitability

Metric ALLE EVLV Security & Protection Services median
Gross margin 44.80% 49.86% 41.45%
Operating margin 20.83% (20.77%) 8.06%
Net margin 15.36% (3.05%) 3.72%
Free cash flow margin 15.65% (3.23%) 1.45%
Return on equity 33.73% (4.94%) 9.87%
Return on assets 12.82% (1.79%) 2.54%
Return on invested capital 14.58% (26.42%) 3.11%

Growth

Metric ALLE EVLV Security & Protection Services median
Revenue growth (TTM) 10.63% 41.67% 5.96%
EPS growth (last fiscal year) 9.09% 41.18% —
Revenue growth, 5-year CAGR 8.38% 98.08% 7.35%
Net income growth, 5-year CAGR 15.42% 0.00% 0.00%

Health

Metric ALLE EVLV Security & Protection Services median
Debt to equity 0.96 0.24 0.20
Current ratio 1.93 1.18 1.93
Net debt to EBITDA 1.64 1.68 1.55

Dividend

Metric ALLE EVLV Security & Protection Services median
Dividend yield 1.38% — 1.53%
Payout ratio 0.29 0.00 0.00

Size

Metric ALLE EVLV Security & Protection Services median
Market cap 12.97b 887.52m 395.79m

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