AON

Aon plc

$289.74

-0.96% 2026-10-19

FinancialsS&P 500

1M 3M 6M 1Y 2Y

AONSPY

+5.4%

-2.0%

-20.0%

-12.3%

YTD

-17.5%

-16.0%

Grades vs sector

Momentum

13th pct in sector

D-

12-1 return: -18.4%
Percentile within its GICS sector across the S&P 1500.

Growth

16th pct in sector

D-

Revenue growth (YoY): +2.2%
Percentile within its GICS sector across the S&P 1500.

Value

28th pct in sector

D+

Forward E/P: 6.9% · EBITDA/EV: 7.7%
Percentile within its GICS sector across the S&P 1500.

Profitability

70th pct in sector

Profit margin: +22.3% · Return on equity: +44.7%
Percentile within its GICS sector across the S&P 1500.

Revisions

no data

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 3 live models right now.

Momentum Top 15

rank 396 of 499 · 12-1 momentum % -9.4

Quality Growth

not ranked (outside this model's universe or screens)

Momentum Blend

not in the current book

Key stats

Market cap$61.5B

P/E (trailing)16.0

P/E (forward)14.3

52-week range266.33 – 382.34

Revenue growth (YoY, latest qtr)+2.2%

Dividend yield1.12%

Analyst consensusBuy (19)

Mean price target$354.21 (+22%)

Valuation & fundamentals

Bottom line

Roughly fairly valued

Model read-out from the numbers below, not advice. Score +0 (DCF counts double).

•DCF (base case)above the price by 14%

▼Forward P/E vs sector14.3x vs median 10.2x

•Piotroski F-score6/9

•Net debt / EBITDA2.4x

▲Analyst target+22% (19 analysts)

Discounted cash flow

Bear

$174

-40%

growth 2% · disc. 8.7% · term. 2.0%

Base

$331

+14%

growth 7% · disc. 7.7% · term. 2.5%

Bull

$582

+101%

growth 10% · disc. 6.7% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 4% a year for 10 years.

Implied

+4%/yr

FCF, last 3 yrs

+2%/yr

FCF, last 5 yrs

+4%/yr

Revenue, last 3 yrs

+11%/yr

Revenue, last 5 yrs

+9%/yr

Same inputs as the DCF above: trailing free cash flow 3.2B, 7.7% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.69 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Financials

P/E (trailing)

sector median 13.0× · 67th pct

16.0×
pricier

Forward P/E

sector median 10.2× · 79th pct

14.3×
pricier

EV / EBITDA

sector median 10.9× · 74th pct

15.1×
pricier

Price / sales

sector median 2.8× · 62nd pct

3.5×
pricier

Price / book

sector median 1.6× · 93rd pct

6.4×
pricier

FCF yield

sector median 8.2% · 26th pct

5.3%
pricier

Forward EPS $20.21 vs trailing $18.14 (+11% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin

–

Operating margin

26.5%

FCF margin

18.5%

Net margin

22.3%

Return on equity

40.8%

Return on invested capital

17.1%

Net debt / EBITDA

2.4×

Current ratio

1.0×

Interest cover

6.2×

Cash conversion (OCF/NI)

0.9×

Piotroski F-score 6/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✗ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✗ No share dilution✗ Gross margin improved✓ Asset turnover improved

Analysts

Mean target

$354

+22%

Analysts

Buy

Range

$229–$435

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$17.2B	$3.7B	$3.2B
2024	$15.7B	$2.7B	$2.8B
2023	$13.4B	$2.6B	$3.2B
2022	$12.5B	$2.6B	$3.0B
2021	$12.2B	$1.3B	$2.0B
2020	$11.1B	$2.0B	$2.6B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +11.2%.

Earnings

Next report: 2026-10-28 · before open · EPS est 3.30

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-07-29	3.80	3.81	+0.3%
2026-05-01	6.35	6.48	+2.0%
2026-01-30	4.75	4.85	+2.2%
2025-10-31	2.91	3.05	+4.7%
2025-07-25	3.41	3.49	+2.5%
2025-04-25	6.04	5.67	-6.1%
2025-01-31	4.25	4.42	+4.0%
2024-10-25	2.47	2.72	+10.0%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$4.2B	+2.2%
2026-03-31	$5.0B	–
2025-12-31	$4.3B	–
2025-09-30	$4.0B	–
2025-06-30	$4.2B	–

Analyst actions

Wells Fargo

2026-10-12 · main

Overweight → Overweight
PT $323

Keefe, Bruyette & Woods

2026-10-12 · main

Outperform → Outperform
PT $342

Mizuho

2026-10-07 · main

Outperform → Outperform
PT $324

Barclays

2026-10-07 · main

Equal-Weight → Equal-Weight
PT $317

Cantor Fitzgerald

2026-10-07 · main

Overweight → Overweight
PT $400

Morgan Stanley

2026-10-06 · main

Overweight → Overweight
PT $350

Recent dividends

2026-08-03: $0.820 · 2026-05-01: $0.820 · 2025-08-01: $0.745 · 2025-05-01: $0.745 · 2025-02-03: $0.675 · 2024-11-01: $0.675 · 2024-08-01: $0.675 · 2024-04-30: $0.675

Insider trades

Knight Lester B

Director · 2026-09-02

BUY
$566.3K

Knight Lester B

Director · 2026-09-02

BUY
$1.7M

Knight Lester B

Director · 2026-09-02

BUY
$2.4M

Knight Lester B

Director · 2026-09-02

BUY
$1.4M

Knight Lester B

Director · 2026-09-02

BUY
$474.8K

Knight Lester B

Director · 2026-09-02

BUY
$121.3K

Zeidel Darren

General Counsel · 2026-07-28

SELL
$263.2K

Zeidel Darren

General Counsel · 2026-07-28

SELL
$274.1K

Zeidel Darren

General Counsel · 2026-07-28

SELL
$180.5K

Zeidel Darren

General Counsel · 2026-07-17

SELL
$231.2K

Zeidel Darren

General Counsel · 2026-07-17

SELL
$241.8K

Zeidel Darren

General Counsel · 2026-07-17

SELL
$252.4K

News

Aon plc (AON) Underperforms Amid Scrutiny Over USI Deal Price Tag

Insider Monkey · 21h ago

Strong Canadian Property and Casualty Market Creates More Favourable Conditions for Business Decision Makers Entering 2027, Aon Finds

CNW Group · 23h ago

Aon (AON) Deepens Ukraine War Risk Insurance Support

Simply Wall St. · Oct 15

Has Aon (AON) Fallen Too Far, Or Is Debt Now Priced In?

Simply Wall St. · Oct 15

WTW Stock Trading at a Discount to Industry at 13.47X: Time to Hold?

Zacks · Oct 15

What to Expect From Aon's Next Quarterly Earnings Report

Barchart · Oct 15

Marsh McLennan (MRSH) vs Aon (AON): Which Insurance Broker is a Better Buy?

Insider Monkey · Oct 14

Insurance Stocks: Wells Fargo Names Top Tactical Ideas Into Q3 Earnings

Investing.com · Oct 14

Stats refreshed 2026-10-19 17:46:49 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

coteau

Coteau Systematic StrategiesSystematic equity research and model portfolios.
Coteau Systematic Strategies publishes research, model portfolios and tools. It does not manage money or offer investment advice. Model results are hypothetical. Data: Yahoo Finance (delayed), SEC EDGAR.

What is Coteau?Disclaimer Terms Privacy Data status