(AON) Aon - Ratings and Ratios
Risk Consulting, Reinsurance, Investment Advisory, Health Benefits, M&A Advisory
AON EPS (Earnings per Share)
AON Revenue
Description: AON Aon September 26, 2025
Aon plc (NYSE:AON) is a Dublin-based professional-services firm that delivers integrated risk-management, human-capital, and insurance-linked solutions to corporations, public-sector entities, and institutional investors worldwide.
Its core businesses are divided into three pillars: (1) Commercial Risk, which includes retail brokerage, specialty lines, global risk consulting, captive-management and affinity programs; (2) Health Solutions, covering health-benefit consulting, brokerage, consumer-benefit design, and talent-advisory services; and (3) Retirement & Investment, providing treaty and facultative reinsurance, actuarial design, and investment advisory for defined-benefit, defined-contribution, and trust-based plans.
Key financial snapshots (2023) show revenue of roughly $13.2 billion, an adjusted earnings-per-share of $9.50, and an operating margin near 19 %. The balance sheet is modestly leveraged (debt-to-equity ≈ 0.6) and the company sustains a dividend yield of about 1.6 %, reflecting a focus on cash-flow stability.
Sector-level drivers that materially affect Aon’s outlook include: (i) accelerating corporate spending on cyber-risk and ESG-linked insurance, which expands the addressable market for specialty brokerage; (ii) tightening pension funding regulations in Europe and North America, boosting demand for actuarial and investment-advisory services; and (iii) low-interest-rate environments that pressure traditional insurance investment returns, prompting clients to seek alternative risk-transfer solutions such as insurance-linked securities, a niche where Aon is a market leader.
Assumption: Aon’s growth will remain tied to macro-economic cycles in corporate hiring and capital-expenditure trends; a sustained recession could compress brokerage volumes, while a rapid recovery would likely lift fee-based revenues. Disconfirming evidence would be an unexpected surge in underwriting losses from its reinsurance arm, which would erode profitability.
For a deeper quantitative view of Aons valuation metrics and scenario analysis, the ValueRay platform offers a concise dashboard you may find useful.
AON Stock Overview
| Market Cap in USD | 74,736m |
| Sub-Industry | Insurance Brokers |
| IPO / Inception | 1984-09-07 |
AON Stock Ratings
| Growth Rating | 16.0% |
| Fundamental | 70.7% |
| Dividend Rating | 62.9% |
| Return 12m vs S&P 500 | -24.5% |
| Analyst Rating | 3.55 of 5 |
AON Dividends
| Dividend Yield 12m | 1.09% |
| Yield on Cost 5y | 2.06% |
| Annual Growth 5y | 10.36% |
| Payout Consistency | 97.5% |
| Payout Ratio | 19.2% |
AON Growth Ratios
| Growth Correlation 3m | -72.7% |
| Growth Correlation 12m | -41.9% |
| Growth Correlation 5y | 87.6% |
| CAGR 5y | 6.73% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.34 |
| CAGR/Mean DD 3y (Pain Ratio) | 0.99 |
| Sharpe Ratio 12m | -0.68 |
| Alpha | -27.87 |
| Beta | 0.887 |
| Volatility | 22.35% |
| Current Volume | 2212.7k |
| Average Volume 20d | 1094.7k |
| Stop Loss | 318.3 (-3%) |
| Signal | 0.18 |
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (2.60b TTM) > 0 and > 6% of Revenue (6% = 1.01b TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA -0.28pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 4.47% (prev 14.44%; Δ -9.97pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 3.15b > Net Income 2.60b (YES >=105%, WARN >=100%) |
| Net Debt (17.17b) to EBITDA (5.08b) ratio: 3.38 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.03 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (217.3m) change vs 12m ago 1.88% (target <= -2.0% for YES) |
| Gross Margin 47.00% (prev 57.84%; Δ -10.84pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 31.77% (prev 27.53%; Δ 4.24pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.93 (EBITDA TTM 5.08b / Interest Expense TTM 837.0m) >= 6 (WARN >= 3) |
Altman Z'' 0.40
| (A) 0.01 = (Total Current Assets 27.82b - Total Current Liabilities 27.07b) / Total Assets 54.01b |
| (B) -0.03 = Retained Earnings (Balance) -1.57b / Total Assets 54.01b |
| (C) 0.08 = EBIT TTM 4.13b / Avg Total Assets 52.73b |
| (D) -0.12 = Book Value of Equity -5.42b / Total Liabilities 45.92b |
| Total Rating: 0.40 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 70.70
| 1. Piotroski 4.0pt = -1.0 |
| 2. FCF Yield 3.17% = 1.58 |
| 3. FCF Margin 17.38% = 4.35 |
| 4. Debt/Equity 2.32 = 0.29 |
| 5. Debt/Ebitda 3.38 = -2.21 |
| 6. ROIC - WACC (= 6.85)% = 8.56 |
| 7. RoE 38.26% = 2.50 |
| 8. Rev. Trend 81.31% = 6.10 |
| 9. EPS Trend 10.75% = 0.54 |
What is the price of AON shares?
Over the past week, the price has changed by -3.86%, over one month by -7.45%, over three months by -7.45% and over the past year by -10.47%.
Is Aon a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of AON is around 294.30 USD . This means that AON is currently overvalued and has a potential downside of -10.33%.
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 | 416 | 26.8% |
| Analysts Target Price | 416 | 26.8% |
| ValueRay Target Price | 325.7 | -0.8% |
AON Fundamental Data Overview October 21, 2025
P/E Trailing = 29.2489
P/E Forward = 18.6567
P/S = 4.4613
P/B = 9.9175
P/EG = 1.5682
Beta = 0.887
Revenue TTM = 16.75b USD
EBIT TTM = 4.13b USD
EBITDA TTM = 5.08b USD
Long Term Debt = 15.45b USD (from longTermDebt, last quarter)
Short Term Debt = 2.02b USD (from shortTermDebt, last quarter)
Debt = 18.18b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 17.17b USD (from netDebt column, last quarter)
Enterprise Value = 91.91b USD (74.74b + Debt 18.18b - CCE 1.01b)
Interest Coverage Ratio = 4.93 (Ebit TTM 4.13b / Interest Expense TTM 837.0m)
FCF Yield = 3.17% (FCF TTM 2.91b / Enterprise Value 91.91b)
FCF Margin = 17.38% (FCF TTM 2.91b / Revenue TTM 16.75b)
Net Margin = 15.54% (Net Income TTM 2.60b / Revenue TTM 16.75b)
Gross Margin = 47.00% ((Revenue TTM 16.75b - Cost of Revenue TTM 8.88b) / Revenue TTM)
Gross Margin QoQ = 43.20% (prev 52.44%)
Tobins Q-Ratio = 1.70 (Enterprise Value 91.91b / Total Assets 54.01b)
Interest Expense / Debt = 1.17% (Interest Expense 212.0m / Debt 18.18b)
Taxrate = 15.50% (109.0m / 703.0m)
NOPAT = 3.49b (EBIT 4.13b * (1 - 15.50%))
Current Ratio = 1.03 (Total Current Assets 27.82b / Total Current Liabilities 27.07b)
Debt / Equity = 2.32 (Debt 18.18b / totalStockholderEquity, last quarter 7.84b)
Debt / EBITDA = 3.38 (Net Debt 17.17b / EBITDA 5.08b)
Debt / FCF = 5.90 (Net Debt 17.17b / FCF TTM 2.91b)
Total Stockholder Equity = 6.80b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.82% (Net Income 2.60b / Total Assets 54.01b)
RoE = 38.26% (Net Income TTM 2.60b / Total Stockholder Equity 6.80b)
RoCE = 18.56% (EBIT 4.13b / Capital Employed (Equity 6.80b + L.T.Debt 15.45b))
RoIC = 14.50% (NOPAT 3.49b / Invested Capital 24.06b)
WACC = 7.66% (E(74.74b)/V(92.91b) * Re(9.28%) + D(18.18b)/V(92.91b) * Rd(1.17%) * (1-Tc(0.16)))
Discount Rate = 9.28% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 3.72%
[DCF Debug] Terminal Value 74.26% ; FCFE base≈2.91b ; Y1≈2.98b ; Y5≈3.30b
Fair Price DCF = 217.1 (DCF Value 46.82b / Shares Outstanding 215.6m; 5y FCF grow 2.08% → 3.0% )
EPS Correlation: 10.75 | EPS CAGR: 10.53% | SUE: 1.45 | # QB: 1
Revenue Correlation: 81.31 | Revenue CAGR: 17.03% | SUE: -0.07 | # QB: 0
Additional Sources for AON Stock
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