Overview Dividends

(AON) Aon - Ratings and Ratios

Exchange: NYSE • Country: Ireland • Currency: USD • Type: Common Stock • ISIN: IE00BLP1HW54

Risk, Insurance, Reinsurance, Consulting, Advisory

Insurance Brokers
Market Cap in USD: 75,857m

IPO / Inception: 1984-09-07
Return 12m vs S&P 500: -14.4%

EPS (Earnings per Share)

EPS CAGR: -13.97%
EPS Trend: -17.0%

Last SUE: 1.09
Qual. Beats: 2

Revenue

Rev. CAGR: 7.20%
Rev. Trend: 73.2%

Last SUE: 0.62
Qual. Beats: 0

Dividends

Dividend Yield	0.82%
Yield on Cost 5y	1.46%
Yield CAGR 5y	10.36%
Payout Consistency	95.2%
Payout Ratio	19.6%

Risk via 5d forecast
Volatility	19.6%
Value at Risk 5%th	30.0%
Relative Tail Risk	-7.26%

Reward TTM
Sharpe Ratio	-0.07
Alpha	-8.38
CAGR/Max DD	0.32

Character TTM
Hurst Exponent	0.375
Beta	0.322
Beta Downside	0.390

Drawdowns 3y
Max DD	20.00%
Mean DD	7.48%
Median DD	7.26%

Description: AON Aon December 03, 2025

Aon plc (NYSE:AON) is a Dublin-based professional services firm that delivers risk-management, insurance-broking, and human-capital solutions worldwide. Its portfolio spans commercial risk services (retail brokerage, specialty lines, captive management, and affinity programs), health and benefits consulting, insurance-linked securities, capital-raising and M&A advisory, reinsurance (treaty and facultative), actuarial design, and investment advisory for defined-benefit and defined-contribution plans, public pensions, endowments, and foundations.

Key recent metrics show Aon generated roughly $13.5 billion in revenue for FY 2023, with an adjusted operating margin near 15 % and net income of $2.2 billion, reflecting strong pricing power in a fragmented brokerage market. Growth is being driven by rising corporate demand for cyber-risk and ESG-linked coverage, while the firm’s expanding data-analytics platforms are boosting cross-sell opportunities. A macro-economic driver to watch is the impact of higher interest rates on investment-income and the valuation of insurance-linked securities, which can affect both earnings volatility and capital-raising activity.

For a deeper dive into Aon’s valuation nuances and how its risk-management franchise may perform under different economic scenarios, consider exploring the analysis on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (2.73b TTM) > 0 and > 6% of Revenue (6% = 1.02b TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA 0.11pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 8.61% (prev 10.42%; Δ -1.81pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 3.28b > Net Income 2.73b (YES >=105%, WARN >=100%)

Net Debt (16.53b) to EBITDA (5.20b) ratio: 3.18 <= 3.0 (WARN <= 3.5)

Current Ratio 1.06 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (216.7m) change vs 12m ago -0.78% (target <= -2.0% for YES)

Gross Margin 43.67% (prev 47.51%; Δ -3.84pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 33.55% (prev 29.92%; Δ 3.62pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 5.16 (EBITDA TTM 5.20b / Interest Expense TTM 830.0m) >= 6 (WARN >= 3)

Altman Z'' 0.53

(A) 0.03 = (Total Current Assets 26.57b - Total Current Liabilities 25.10b) / Total Assets 51.64b

(B) -0.03 = Retained Earnings (Balance) -1.53b / Total Assets 51.64b

(D) -0.12 = Book Value of Equity -5.44b / Total Liabilities 43.54b

Total Rating: 0.53 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 71.37

1. Piotroski 4.50pt

2. FCF Yield 3.29%

3. FCF Margin 17.85%

4. Debt/Equity 2.22

5. Debt/Ebitda 3.18

6. ROIC - WACC (= 8.14)%

7. RoE 37.78%

8. Rev. Trend 73.18%

9. EPS Trend -16.99%

What is the price of AON shares?

As of December 25, 2025, the stock is trading at USD 356.65 with a total of 283,851 shares traded.
Over the past week, the price has changed by +1.16%, over one month by +3.24%, over three months by +1.01% and over the past year by +0.15%.

Is AON a buy, sell or hold?

Aon has received a consensus analysts rating of 3.55. Therefor, it is recommend to hold AON.

Strong Buy: 4
Buy: 5
Hold: 9
Sell: 2
Strong Sell: 0

What are the forecasts/targets for the AON price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	399.4	12%
Analysts Target Price	399.4	12%
ValueRay Target Price	375.8	5.4%

AON Fundamental Data Overview December 18, 2025

Market Cap USD = 75.86b (75.86b USD * 1.0 USD.USD)
P/E Trailing = 28.144
P/E Forward = 18.622
P/S = 4.4549
P/B = 9.5867
P/EG = 1.566
Beta = 0.833
Revenue TTM = 17.03b USD
EBIT TTM = 4.28b USD
EBITDA TTM = 5.20b USD
Long Term Debt = 15.05b USD (from longTermDebt, last quarter)
Short Term Debt = 1.92b USD (from shortTermDebt, last quarter)
Debt = 17.63b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 16.53b USD (from netDebt column, last quarter)
Enterprise Value = 92.39b USD (75.86b + Debt 17.63b - CCE 1.09b)
Interest Coverage Ratio = 5.16 (Ebit TTM 4.28b / Interest Expense TTM 830.0m)
FCF Yield = 3.29% (FCF TTM 3.04b / Enterprise Value 92.39b)
FCF Margin = 17.85% (FCF TTM 3.04b / Revenue TTM 17.03b)
Net Margin = 16.03% (Net Income TTM 2.73b / Revenue TTM 17.03b)
Gross Margin = 43.67% ((Revenue TTM 17.03b - Cost of Revenue TTM 9.59b) / Revenue TTM)
Gross Margin QoQ = 28.37% (prev 43.20%)
Tobins Q-Ratio = 1.79 (Enterprise Value 92.39b / Total Assets 51.64b)
Interest Expense / Debt = 1.17% (Interest Expense 206.0m / Debt 17.63b)
Taxrate = 19.26% (115.0m / 597.0m)
NOPAT = 3.46b (EBIT 4.28b * (1 - 19.26%))
Current Ratio = 1.06 (Total Current Assets 26.57b / Total Current Liabilities 25.10b)
Debt / Equity = 2.22 (Debt 17.63b / totalStockholderEquity, last quarter 7.94b)
Debt / EBITDA = 3.18 (Net Debt 16.53b / EBITDA 5.20b)
Debt / FCF = 5.44 (Net Debt 16.53b / FCF TTM 3.04b)
Total Stockholder Equity = 7.23b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.29% (Net Income 2.73b / Total Assets 51.64b)
RoE = 37.78% (Net Income TTM 2.73b / Total Stockholder Equity 7.23b)
RoCE = 19.23% (EBIT 4.28b / Capital Employed (Equity 7.23b + L.T.Debt 15.05b))
RoIC = 14.17% (NOPAT 3.46b / Invested Capital 24.41b)
WACC = 6.03% (E(75.86b)/V(93.48b) * Re(7.21%) + D(17.63b)/V(93.48b) * Rd(1.17%) * (1-Tc(0.19)))
Discount Rate = 7.21% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 33.33 | Cagr: 3.57%
[DCF Debug] Terminal Value 78.61% ; FCFE base≈2.98b ; Y1≈3.04b ; Y5≈3.38b
Fair Price DCF = 276.7 (DCF Value 59.47b / Shares Outstanding 214.9m; 5y FCF grow 2.08% → 3.0% )
EPS Correlation: -16.99 | EPS CAGR: -13.97% | SUE: 1.09 | # QB: 2
Revenue Correlation: 73.18 | Revenue CAGR: 7.20% | SUE: 0.62 | # QB: 0
EPS next Quarter (2026-03-31): EPS=6.37 | Chg30d=-0.037 | Revisions Net=+0 | Analysts=15
EPS next Year (2026-12-31): EPS=19.04 | Chg30d=-0.052 | Revisions Net=+3 | Growth EPS=+12.1% | Growth Revenue=+5.1%

Additional Sources for AON Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle