Aon

Valuation Analysis

About the Company

Aon en bref

Aon (AON) is currently trading at 312,60 € with a market capitalization of 66,3 Md €. The trailing P/E ratio stands at 19.88x, with a forward P/E of 16.88x. The 52-week range spans from 264,08 € to 331,49 €; the current price is 5.7% below the yearly high. Year-over-year revenue growth stands at +2.2%. The net profit margin stands at 22.27%.

💰 Dividende

Aon pays an annual dividend of 2,84 € per share, representing a yield of 0.91%. The payout ratio stands at 16.84%.

📊 Avis des analystes

19 analystes évaluent Aon (AON) au consensus : Acheter. L'objectif de cours moyen est de 348,21 €, soit un potentiel de +11.39% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 293,91 € à 385,82 €.

Aon : la thèse d'investissement en détail

Aon (AON) operates in the Financial Services — specifically Insurance Brokers — and is headquartered in Ireland. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

The combination of a 48.15% gross margin and 23.46% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat. Return on equity of 44.7% places management among the most capital-efficient operators in the public market — every euro of shareholder capital is working hard. Free cash flow is positive and net margins stand at 22.27%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions.

Le scénario baissier

Revenue growth has slowed to just 2.2%, which is below nominal GDP — the business is no longer outgrowing the broader economy.

Valorisation en contexte

At a PEG of 3.07, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.

Signal Smart Money

On the institutional side, Aon appears in the disclosed holdings of Buffett. Smart-money managers track positioning, fundamentals and competitive dynamics with research budgets few retail investors can match — when several converge on the same name, it is rarely random. That doesn't mean blind copying makes sense, but it does raise the bar for the bear case.

À surveiller

• The forward P/E of 16.88x is meaningfully below the trailing 19.88x — analysts expect earnings to step up; the next earnings release is the test.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Profil de risque

The data points to relatively defensive market behavior, higher leverage relative to equity.

Trading Data

💵 Dividend Info

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