0.56%
4.45%
2.85%
5.06%
19.43%
35.34%
49.32%

Company Description

ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, Africa, North and South America, Asia, and Oceania.The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, access control devices, and fire doors, as well as hardware products.It also provides identity solutions, including identity and access management, biometrics, authenticity and brand protection products, contactless RFID tags and transponders, and government IDs to companies, and government and state institutions, as well as healthcare, education, and financial industries; and secure access solutions for hotels, cruise ships, student accommodations, and elderly care facilities.


In addition, the company offers entrance automation products, services, and components, such as automatic swing, sliding, and revolving doors; industrial doors; garage doors; high-performance doors; docking solutions; hangar doors; gate automation products; components for overhead sectional doors and sensors; and high security fencings and gates.The company provides its products primarily under the ASSA ABLOY, Yale, and HID brands.It sells its products through distributors, wholesalers, and home improvement stores.


ASSA ABLOY AB (publ) was incorporated in 1954 and is based in Stockholm, Sweden.

Market Data

Last Price 342.4
Change Percentage 0.56%
Open 340.2
Previous Close 340.5
Market Cap ( Millions) 375527
Volume 115520
Year High 349.5
Year Low 277
M A 50 332.4
M A 200 321.62

Financial Ratios

FCF Yield 4.79%
Dividend Yield 1.58%
ROE 15.62%
Debt / Equity 69.97%
Net Debt / EBIDTA 221.32%
Price To Book 3.78
Price Earnings Ratio 24.82
Price To FCF 20.87
Price To sales 2.54
EV / EBITDA 14.73

Business Breakdown

Expected Mid-Term Growth

Segment n°1 -> Electromechanical and Electronic Locks

Expected Growth : 4.5 %

What the company do ?

Electromechanical locks combine mechanical and electronic components, while electronic locks are fully electronic, both offering advanced security and access control solutions from ASSA ABLOY AB (publ).

Why we expect these perspectives ?

ASSA ABLOY's Electromechanical and Electronic Locks segment growth of 4.5% is driven by increasing demand for digital door security, adoption of smart home technology, and rising need for access control in commercial and residential buildings. Additionally, the company's strategic acquisitions and investments in innovation have expanded its product offerings and enhanced its market position.

Segment n°2 -> Entrance Automation

Expected Growth : 4.2 %

What the company do ?

Entrance Automation from ASSA ABLOY AB (publ) provides automated door solutions for secure, convenient, and accessible entrance systems for various industries.

Why we expect these perspectives ?

Entrance Automation's 4.2% growth driven by increasing demand for touchless and hygienic entrance solutions, government investments in infrastructure development, and rising adoption of smart buildings and cities. Additionally, ASSA ABLOY's strategic acquisitions and innovative product offerings, such as automatic doors and gates, contribute to the segment's growth.

Segment n°3 -> Mechanical Locks, Lock Systems, and Fittings

Expected Growth : 3.8 %

What the company do ?

Mechanical Locks, Lock Systems, and Fittings from ASSA ABLOY AB (publ) offer a range of door opening solutions, including locks, cylinders, and fittings for various applications.

Why we expect these perspectives ?

ASSA ABLOY's Mechanical Locks, Lock Systems, and Fittings segment growth of 3.8% is driven by increasing demand for security solutions, urbanization, and infrastructure development. Additionally, the company's focus on innovation, digitalization, and strategic acquisitions contribute to its growth. Furthermore, the trend towards smart homes and buildings, as well as the need for energy-efficient solutions, also support the segment's growth.

Segment n°4 -> Security Doors and Hardware

Expected Growth : 4.8 %

What the company do ?

Security Doors and Hardware from ASSA ABLOY AB (publ) provides secure entrance solutions, including doors, locks, and accessories for various industries and applications.

Why we expect these perspectives ?

ASSA ABLOY's Security Doors and Hardware segment growth of 4.8% is driven by increasing demand for secure and efficient door opening solutions, fueled by urbanization, infrastructure development, and rising concerns about safety and security. Additionally, the company's focus on innovation, digitalization, and sustainability contributes to its growth momentum.

Assa Abloy Ab (Publ) Products

Product Range What is it ?
Entrance Systems ASSA ABLOY's Entrance Systems provide a comprehensive range of automatic doors, revolving doors, and manual doors for various applications.
Global Technologies ASSA ABLOY's Global Technologies offer a range of electronic locks, digital door locks, and access control systems.
EMEA (Europe, Middle East, and Africa) Locks ASSA ABLOY's EMEA Locks provide a range of mechanical locks, cylinders, and padlocks for various applications.
Americas Locks ASSA ABLOY's Americas Locks offer a range of mechanical locks, electronic locks, and digital locks for various applications.
Asia Pacific Locks ASSA ABLOY's Asia Pacific Locks provide a range of mechanical locks, electronic locks, and digital locks for various applications.
Identification Technology ASSA ABLOY's Identification Technology offers a range of identification solutions, including biometric authentication and smart cards.

ASSA ABLOY AB (publ)'s Porter Forces

The threat of substitutes for ASSA ABLOY AB (publ) is medium due to the presence of alternative products and services in the security solutions market.

The bargaining power of customers for ASSA ABLOY AB (publ) is low due to the company's strong brand reputation and diversified customer base.

The bargaining power of suppliers for ASSA ABLOY AB (publ) is medium due to the presence of multiple suppliers in the market, but the company's large scale of operations gives it some bargaining power.

The threat of new entrants for ASSA ABLOY AB (publ) is low due to the high barriers to entry in the security solutions market, including significant capital requirements and regulatory hurdles.

The intensity of rivalry for ASSA ABLOY AB (publ) is high due to the presence of several established players in the security solutions market, leading to intense competition.

Capital Structure

Value
Debt Weight 40.04%
Debt Cost 5.48%
Equity Weight 59.96%
Equity Cost 7.96%
WACC 6.97%
Leverage 66.78%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
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SGO.PA Compagnie de Saint-Gobain S.A. designs, manufactures, and distributes materials and solutions for wellbeing worldwide. It operates through five segments: High Performance Solutions; Northern Europe; Southern Europe – Middle East (ME) …
VOLV-B.ST AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The …
AENA.MC Aena S.M.E., S.A., together with its subsidiaries, engages in the operation, maintenance, management, and administration of airport infrastructures and heliports in Spain, Brazil, the United Kingdom, Mexico, and Colombia. The …
BA.L BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The Electronic …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
342.4$
Current Price
342.4$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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