(AON) Aon - Overview
Sector: Financial Services | Industry: Insurance Brokers | Exchange: NYSE (USA) | Market Cap: 67.503m USD | Total Return: -10.5% in 12m
Avg Turnover: 467M
EPS Trend: 91.4%
Qual. Beats: 0
Rev. Trend: 98.4%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Aon plc is a global professional services firm headquartered in Dublin, Ireland, specializing in risk, health, and wealth solutions. The company operates through two primary segments: Risk Capital, which focuses on commercial risk and reinsurance, and Human Capital, which manages health benefits and retirement consulting. Its service portfolio includes insurance brokerage, investment advisory, actuarial services, and capital market solutions for corporate and institutional clients.
The insurance brokerage industry functions as an intermediary, earning commission and fee-based revenue without carrying the underlying underwriting risk associated with insurance policies. Aon utilizes a capital-light business model that emphasizes long-term consulting relationships and data-driven risk assessment across diverse geographic markets. For deeper insights into these operational trends, interested investors can review the comprehensive data on ValueRay.
- Organic revenue growth depends on global commercial insurance premium rate cycles
- Strategic acquisition of NFP expands middle-market presence and drives synergy potential
- Rising interest rates increase fiduciary investment income on client funds held
- Expansion of Human Capital consulting services improves high-margin recurring revenue streams
- Global regulatory pressure on brokerage commissions threatens long-term professional services margins
| Net Income: 3.94b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 1.55 > 1.0 |
| NWC/Revenue: 9.30% < 20% (prev 6.61%; Δ 2.69% < -1%) |
| CFO/TA 0.07 > 3% & CFO 3.77b > Net Income 3.94b |
| Net Debt (14.7b) to EBITDA (6.77b): 2.17 < 3 |
| Current Ratio: 1.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (215.4m) vs 12m ago -1.15% < -2% |
| Gross Margin: 65.99% > 18% (prev 47.12%; Δ 18.87% > 0.5%) |
| Asset Turnover: 34.38% > 50% (prev 32.52%; Δ 1.86% > 0%) |
| Interest Coverage Ratio: 7.42 > 6 (EBIT TTM 5.85b / Interest Expense TTM 788.0m) |
| A: 0.03 (Total Current Assets 26.2b - Total Current Liabilities 24.5b) / Total Assets 51.4b |
| B: 0.01 (Retained Earnings 307.0m / Total Assets 51.4b) |
| C: 0.12 (EBIT TTM 5.85b / Avg Total Assets 50.9b) |
| D: 0.24 (Book Value of Equity 9.83b / Total Liabilities 41.5b) |
| Altman-Z'' = 1.25 = BB |
| DSRI: 0.31 (Receivables 5.09b/15.4b, Revenue 17.5b/16.4b) |
| GMI: 0.71 (GM 47.12% / 65.99%) |
| AQI: 0.95 (AQ_t 0.46 / AQ_t-1 0.49) |
| SGI: 1.07 (Revenue 17.5b / 16.4b) |
| TATA: 0.00 (NI 3.94b - CFO 3.77b) / TA 51.4b) |
| Beneish M = -3.83 (Cap -4..+1) = AAA |
As of June 06, 2026, the stock is trading at USD 328.53 with a total of 1,331,532 shares traded.
Over the past week, the price has changed by +3.95%,
over one month by +4.44%,
over three months by -2.77% and
over the past year by -10.52%.
Aon has received a consensus analysts rating of 3.55. Therefore, it is recommended to hold AON.
- StrongBuy: 4
- Buy: 5
- Hold: 9
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 385.3 | 17.3% |
P/E Trailing = 17.3564
P/E Forward = 16.5837
P/S = 3.8604
P/B = 6.8643
P/EG = 2.5125
Revenue TTM = 17.5b USD
EBIT TTM = 5.85b USD
EBITDA TTM = 6.77b USD
Long Term Debt = 13.5b USD (from longTermDebt, last quarter)
Short Term Debt = 1.12b USD (from shortTermDebt, last quarter)
Debt = 16.1b USD (from shortLongTermDebtTotal, last quarter) + Leases 811.0m
Net Debt = 14.7b USD (calculated: Debt 16.1b - CCE 1.42b)
Enterprise Value = 82.2b USD (67.5b + Debt 16.1b - CCE 1.42b)
Interest Coverage Ratio = 7.42 (Ebit TTM 5.85b / Interest Expense TTM 788.0m)
EV/FCF = 23.50x (Enterprise Value 82.2b / FCF TTM 3.50b)
FCF Yield = 4.25% (FCF TTM 3.50b / Enterprise Value 82.2b)
FCF Margin = 20.00% (FCF TTM 3.50b / Revenue TTM 17.5b)
Net Margin = 22.54% (Net Income TTM 3.94b / Revenue TTM 17.5b)
Gross Margin = 65.99% ((Revenue TTM 17.5b - Cost of Revenue TTM 5.95b) / Revenue TTM)
Gross Margin QoQ = 87.66% (prev 83.56%)
Tobins Q-Ratio = 1.60 (Enterprise Value 82.2b / Total Assets 51.4b)
Interest Expense / Debt = 4.89% (Interest Expense 788.0m / Debt 16.1b)
Taxrate = 20.84% (1.05b / 5.06b)
NOPAT = 4.63b (EBIT 5.85b * (1 - 20.84%))
Current Ratio = 1.07 (Total Current Assets 26.2b / Total Current Liabilities 24.5b)
Debt / Equity = 1.64 (Debt 16.1b / totalStockholderEquity, last quarter 9.83b)
Debt / EBITDA = 2.17 (Net Debt 14.7b / EBITDA 6.77b)
Debt / FCF = 4.20 (Net Debt 14.7b / FCF TTM 3.50b)
Total Stockholder Equity = 8.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.75% (Net Income 3.94b / Total Assets 51.4b)
RoE = 45.09% (Net Income TTM 3.94b / Total Stockholder Equity 8.74b)
RoCE = 26.25% (EBIT 5.85b / Capital Employed (Equity 8.74b + L.T.Debt 13.5b))
RoIC = 17.06% (NOPAT 4.63b / Invested Capital 27.1b)
WACC = 5.73% (E(67.5b)/V(83.6b) * Re(6.17%) + D(16.1b)/V(83.6b) * Rd(4.89%) * (1-Tc(0.21)))
Discount Rate = 6.17% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 2.22 | Cagr: 2.90%
[DCF] Terminal Value 77.97% ; FCFF base≈3.15b ; Y1≈3.62b ; Y5≈5.32b
[DCF] Fair Price = 306.2 (EV 80.1b - Net Debt 14.7b = Equity 65.4b / Shares 213.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 91.38 | EPS CAGR: 14.26% | SUE: 0.11 | # QB: 0
Revenue Correlation: 98.43 | Revenue CAGR: 13.43% | SUE: 0.94 | # QB: 1
EPS current Quarter (2026-06-30): EPS=3.82 | Chg30d=-0.09% | Revisions=-16% | Analysts=20
EPS next Quarter (2026-09-30): EPS=3.42 | Chg30d=+0.22% | Revisions=-12% | Analysts=20
EPS current Year (2026-12-31): EPS=19.13 | Chg30d=+0.75% | Revisions=+71% | GrowthEPS=+12.1% | GrowthRev=+4.9%
EPS next Year (2027-12-31): EPS=21.42 | Chg30d=+0.15% | Revisions=+33% | GrowthEPS=+12.0% | GrowthRev=+6.4%
[Analyst] Revisions Ratio: +71%