(AON) Aon - Overview

Sector: Financial Services | Industry: Insurance Brokers | Exchange: NYSE (USA) | Market Cap: 69.126m USD | Total Return: -7.8% in 12m

Insurance Brokerage, Reinsurance, Human Resources, Risk Consulting
Total Rating 53
Safety 65
Buy Signal -0.32
Insurance Brokers
Industry Rotation: +10.1
Market Cap: 69.1B
Avg Turnover: 465M
Risk 3d forecast
Volatility20.4%
VaR 5th Pctl3.44%
VaR vs Median2.40%
Reward TTM
Sharpe Ratio-0.40
Rel. Str. IBD23.6
Rel. Str. Peer Group77.3
Character TTM
Beta0.104
Beta Downside0.101
Hurst Exponent0.419
Drawdowns 3y
Max DD23.84%
CAGR/Max DD0.10
CAGR/Mean DD0.25
EPS (Earnings per Share) EPS (Earnings per Share) of AON over the last years for every Quarter: "2021-03": 4.28, "2021-06": 2.29, "2021-09": 1.74, "2021-12": 3.71, "2022-03": 4.83, "2022-06": 2.63, "2022-09": 2.02, "2022-12": 3.89, "2023-03": 5.17, "2023-06": 2.76, "2023-09": 2.32, "2023-12": 3.89, "2024-03": 5.66, "2024-06": 2.93, "2024-09": 1.57, "2024-12": 4.42, "2025-03": 5.67, "2025-06": 2.66, "2025-09": 2.11, "2025-12": 7.82, "2026-03": 6.48,
EPS CAGR: 8.85%
EPS Trend: 73.6%
Last SUE: 0.11
Qual. Beats: 0
Revenue Revenue of AON over the last years for every Quarter: 2021-03: 3525, 2021-06: 2886, 2021-09: 2702, 2021-12: 3080, 2022-03: 3670, 2022-06: 2983, 2022-09: 2696, 2022-12: 3130, 2023-03: 3871, 2023-06: 3177, 2023-09: 2953, 2023-12: 3375, 2024-03: 4070, 2024-06: 3760, 2024-09: 3721, 2024-12: 4147, 2025-03: 4729, 2025-06: 4155, 2025-09: 3997, 2025-12: 4300, 2026-03: 5034,
Rev. CAGR: 13.43%
Rev. Trend: 98.4%
Last SUE: 0.94
Qual. Beats: 1

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: AON Aon

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.

Headlines to Watch Out For
  • 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
Piotroski VR‑10 (Strict) 5.5
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 (14.69b) 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 0.47%; Δ 6.55k% > 0.5%)
Asset Turnover: 34.38% > 50% (prev 32.52%; Δ 1.86% > 0%)
Interest Coverage Ratio: 7.42 > 6 (EBITDA TTM 6.77b / Interest Expense TTM 788.0m)
Altman Z'' 0.91
A: 0.03 (Total Current Assets 26.16b - Total Current Liabilities 24.54b) / Total Assets 51.43b
B: 0.01 (Retained Earnings 307.0m / Total Assets 51.43b)
C: 0.12 (EBIT TTM 5.85b / Avg Total Assets 50.87b)
D: -0.09 (Book Value of Equity -3.62b / Total Liabilities 41.47b)
Altman-Z'' = 0.91 = BB
Beneish M -3.83
DSRI: 0.31 (Receivables 5.09b/15.38b, Revenue 17.49b/16.36b)
GMI: 0.71 (GM 65.99% / 47.12%)
AQI: 0.95 (AQ_t 0.46 / AQ_t-1 0.49)
SGI: 1.07 (Revenue 17.49b / 16.36b)
TATA: 0.00 (NI 3.94b - CFO 3.77b) / TA 51.43b)
Beneish M = -3.83 (Cap -4..+1) = AAA
What is the price of AON shares? As of May 23, 2026, the stock is trading at USD 324.78 with a total of 638,995 shares traded.
Over the past week, the price has changed by +2.38%, over one month by -0.37%, over three months by +3.28% and over the past year by -7.77%.
Is AON a buy, sell or hold? Aon has received a consensus analysts rating of 3.55. Therefor, it is recommend to hold AON.
  • StrongBuy: 4
  • Buy: 5
  • Hold: 9
  • Sell: 2
  • StrongSell: 0
What are the forecasts/targets for the AON price?
Analysts Target Price 387.3 19.3%
Aon (AON) - Fundamental Data Overview as of 21 May 2026
P/E Trailing = 17.764
P/E Forward = 16.4204
P/S = 3.9532
P/B = 6.7932
P/EG = 2.4865
Revenue TTM = 17.49b USD
EBIT TTM = 5.85b USD
EBITDA TTM = 6.77b USD
Long Term Debt = 13.54b USD (from longTermDebt, last quarter)
Short Term Debt = 1.12b USD (from shortTermDebt, last quarter)
Debt = 16.11b USD (from shortLongTermDebtTotal, last quarter) + Leases 811.0m
Net Debt = 14.69b USD (calculated: Debt 16.11b - CCE 1.42b)
Enterprise Value = 83.82b USD (69.13b + Debt 16.11b - CCE 1.42b)
Interest Coverage Ratio = 7.42 (Ebit TTM 5.85b / Interest Expense TTM 788.0m)
EV/FCF = 23.97x (Enterprise Value 83.82b / FCF TTM 3.50b)
FCF Yield = 4.17% (FCF TTM 3.50b / Enterprise Value 83.82b)
FCF Margin = 20.00% (FCF TTM 3.50b / Revenue TTM 17.49b)
Net Margin = 22.54% (Net Income TTM 3.94b / Revenue TTM 17.49b)
Gross Margin = 65.99% ((Revenue TTM 17.49b - Cost of Revenue TTM 5.95b) / Revenue TTM)
Gross Margin QoQ = 87.66% (prev 83.56%)
Tobins Q-Ratio = 1.63 (Enterprise Value 83.82b / Total Assets 51.43b)
Interest Expense / Debt = 1.11% (Interest Expense 179.0m / Debt 16.11b)
Taxrate = 20.22% (314.0m / 1.55b)
NOPAT = 4.67b (EBIT 5.85b * (1 - 20.22%))
Current Ratio = 1.07 (Total Current Assets 26.16b / Total Current Liabilities 24.54b)
Debt / Equity = 1.64 (Debt 16.11b / totalStockholderEquity, last quarter 9.83b)
Debt / EBITDA = 2.17 (Net Debt 14.69b / EBITDA 6.77b)
Debt / FCF = 4.20 (Net Debt 14.69b / FCF TTM 3.50b)
Total Stockholder Equity = 8.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.75% (Net Income 3.94b / Total Assets 51.43b)
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 13.54b))
RoIC = 17.55% (NOPAT 4.67b / Invested Capital 26.60b)
WACC = 5.32% (E(69.13b)/V(85.23b) * Re(6.35%) + D(16.11b)/V(85.23b) * Rd(1.11%) * (1-Tc(0.20)))
Discount Rate = 6.35% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 2.22 | Cagr: 2.90%
[DCF] Terminal Value 86.56% ; FCFF base≈3.15b ; Y1≈3.22b ; Y5≈3.58b
[DCF] Fair Price = 427.5 (EV 105.99b - Net Debt 14.69b = Equity 91.30b / Shares 213.6m; r=6.0% [WACC]; 5y FCF grow 2.08% → 3.0% )
EPS Correlation: 73.60 | EPS CAGR: 8.85% | 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=+0.01% | Revisions=-16% | Analysts=21
EPS next Quarter (2026-09-30): EPS=3.41 | Chg30d=+0.28% | Revisions=-12% | Analysts=21
EPS current Year (2026-12-31): EPS=19.11 | Chg30d=+0.68% | Revisions=+64% | GrowthEPS=+11.9% | GrowthRev=+5.0%
EPS next Year (2027-12-31): EPS=21.41 | Chg30d=+0.16% | Revisions=+33% | GrowthEPS=+12.0% | GrowthRev=+6.4%
[Analyst] Revisions Ratio: +64%