(AON) Aon - Ratings and Ratios
Risk, Insurance, Reinsurance, Consulting, Advisory
Dividends
| Dividend Yield | 0.82% |
| Yield on Cost 5y | 1.43% |
| Yield CAGR 5y | 10.36% |
| Payout Consistency | 95.2% |
| Payout Ratio | 19.6% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 20.2% |
| Value at Risk 5%th | 30.8% |
| Relative Tail Risk | -7.30% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.16 |
| Alpha | -8.81 |
| CAGR/Max DD | 0.35 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.302 |
| Beta | 0.332 |
| Beta Downside | 0.404 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.00% |
| Mean DD | 7.37% |
| Median DD | 7.15% |
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 |
| (C) 0.08 = EBIT TTM 4.28b / Avg Total Assets 50.76b |
| (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) 71.38
| 1. Piotroski 4.50pt |
| 2. FCF Yield 3.34% |
| 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?
Over the past week, the price has changed by +3.12%, over one month by +1.17%, over three months by -2.45% and over the past year by -1.31%.
Is AON a buy, sell or hold?
- 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 | 400.5 | 13.1% |
| Analysts Target Price | 400.5 | 13.1% |
| ValueRay Target Price | 373.9 | 5.6% |
AON Fundamental Data Overview December 09, 2025
P/E Trailing = 27.616
P/E Forward = 18.6567
P/S = 4.3713
P/B = 9.3457
P/EG = 1.5682
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 = 90.97b USD (74.43b + Debt 17.63b - CCE 1.09b)
Interest Coverage Ratio = 5.16 (Ebit TTM 4.28b / Interest Expense TTM 830.0m)
FCF Yield = 3.34% (FCF TTM 3.04b / Enterprise Value 90.97b)
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 = 1.76 (Enterprise Value 90.97b / 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(74.43b)/V(92.06b) * Re(7.24%) + D(17.63b)/V(92.06b) * Rd(1.17%) * (1-Tc(0.19)))
Discount Rate = 7.24% (= 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=6.39 | Chg30d=-0.018 | Revisions Net=+0 | Analysts=16
EPS next Year (2026-12-31): EPS=19.07 | Chg30d=-0.030 | Revisions Net=+4 | Growth EPS=+12.2% | Growth Revenue=+5.1%
Additional Sources for AON Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle