Company Valuation: Aon plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 66,223 62,085 58,267 77,674 75,846 68,926 - -
Change - -6.25% -6.15% 33.31% -2.35% -9.12% - -
Enterprise Value (EV) 1 74,779 71,713 68,319 93,386 88,297 82,638 81,952 81,342
Change - -4.1% -4.73% 36.69% -5.45% -6.41% -0.83% -0.74%
P/E ratio 54.2x 24.7x 23.3x 28.8x 20.7x 20.7x 17.6x 16.2x
PBR 60.8x -117x -70x 12.7x 8.09x 6.74x 5.88x 4.71x
PEG - 0x 7.64x -180.14x 0.6x -2.34x 1x 1.77x
Capitalization / Revenue 5.43x 4.98x 4.36x 4.95x 4.41x 3.81x 3.58x 3.38x
EV / Revenue 6.13x 5.75x 5.11x 5.95x 5.14x 4.57x 4.26x 3.99x
EV / EBITDA 19.4x 18x 15.7x 18.2x 15.4x 13.5x 12.3x 11.4x
EV / EBIT 20.4x 18.7x 16.2x 18.9x 15.9x 13.8x 12.5x 11.5x
EV / FCF 36.6x 23.7x 21.5x 33.2x 27.4x 21.4x 18x 16.5x
FCF Yield 2.73% 4.22% 4.66% 3.02% 3.64% 4.67% 5.57% 6.06%
Dividend per Share 2 1.99 2.19 2.41 2.64 - 3.126 3.385 3.58
Rate of return 0.66% 0.73% 0.83% 0.74% - 0.97% 1.05% 1.11%
EPS 2 5.55 12.14 12.51 12.49 17.02 15.51 18.24 19.91
Distribution rate 35.9% 18% 19.3% 21.1% - 20.1% 18.6% 18%
Net sales 1 12,193 12,479 13,376 15,698 17,181 18,081 19,249 20,373
EBITDA 1 3,852 3,991 4,342 5,122 5,751 6,125 6,675 7,144
EBIT 1 3,673 3,840 4,223 4,939 5,563 6,003 6,536 7,047
Net income 1 1,255 2,589 2,564 2,654 3,695 3,336 3,848 4,121
Net Debt 1 8,556 9,628 10,052 15,712 12,451 13,712 13,026 12,417
Reference price 2 300.56 300.14 291.02 359.16 352.88 321.70 321.70 321.70
Nbr of stocks (in thousands) 220,332 206,853 200,216 216,266 214,935 214,254 - -
Announcement Date 2/4/22 2/3/23 2/2/24 1/31/25 1/30/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.74x4.57x13.49x0.97% 68.93B
31.37x4.55x13.96x1.22% 53.57B
17.88x3.18x11.61x1.27% 27.36B
20.33x4.04x11.61x0.98% 23.31B
12.53x - - 7.58% 10.33B
36.09x2.38x7.65x1.34% 5.02B
14.77x2.85x8.61x4.92% 3.34B
65.39x18.1x30.12x - 2.61B
19.33x2.41x7.11x3.87% 2.31B
-47.14x1.89x8.39x-.--% 1.58B
Average 19.13x 4.89x 12.50x 2.46% 19.83B
Weighted average by Cap. 23.06x 4.35x 12.98x 1.54%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield