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 $13.2B against $757.1M — 17.5× the size. Evolv Technologies Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Allegion PLC trades at 20.5×. 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 13 and Evolv Technologies Holdings, Inc. on 6.

Valuation

Metric ALLE EVLV Security & Protection Services median
P/E 20.46 n/m 22.21
P/S 3.13 4.37 1.12
P/B 6.33 6.30 2.11
Price to free cash flow 19.99 n/m 20.05
EV/EBITDA 14.60 n/m 11.50
EV/Sales 3.53 4.23 2.08
Earnings yield 4.89% (0.72%) 2.19%
Free cash flow yield 5.00% (0.74%) 2.44%

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%) 3.11%
Free cash flow margin 15.65% (3.23%) 1.45%
Return on equity 33.73% (4.94%) 5.40%
Return on assets 12.82% (1.79%) 1.07%
Return on invested capital 14.58% (26.42%) 2.40%

Growth

Metric ALLE EVLV Security & Protection Services median
Revenue growth (TTM) 10.63% 41.67% 6.22%
EPS growth (last fiscal year) 9.09% 41.18% 29.52%
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% — 1.72%
Payout ratio 0.28 — 0.28

Size

Metric ALLE EVLV Security & Protection Services median
Market cap 13.24b 757.11m 394.99m

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