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 70,166 - -
Change - -6.25% -6.15% 33.31% -2.35% -7.49% - -
Enterprise Value (EV) 1 74,779 71,713 68,319 93,386 88,297 82,775 82,322 81,171
Change - -4.1% -4.73% 36.69% -5.45% -6.25% -0.55% -1.4%
P/E ratio 54.2x 24.7x 23.3x 28.8x 20.7x 21.1x 18x 16.4x
PBR 60.8x -117x -70x 12.7x 8.09x 6.66x 5.8x 4.87x
PEG - 0x 7.64x -180.14x 0.6x -2.42x 1x 1.64x
Capitalization / Revenue 5.43x 4.98x 4.36x 4.95x 4.41x 3.89x 3.66x 3.47x
EV / Revenue 6.13x 5.75x 5.11x 5.95x 5.14x 4.59x 4.29x 4.01x
EV / EBITDA 19.4x 18x 15.7x 18.2x 15.4x 13.6x 12.5x 11.5x
EV / EBIT 20.4x 18.7x 16.2x 18.9x 15.9x 13.8x 12.7x 11.6x
EV / FCF 36.6x 23.7x 21.5x 33.2x 27.4x 21.5x 18.5x 16.2x
FCF Yield 2.73% 4.22% 4.66% 3.02% 3.64% 4.66% 5.4% 6.16%
Dividend per Share 2 1.99 2.19 2.41 2.64 - 3.145 3.462 3.785
Rate of return 0.66% 0.73% 0.83% 0.74% - 0.96% 1.05% 1.15%
EPS 2 5.55 12.14 12.51 12.49 17.02 15.54 18.21 20.03
Distribution rate 35.9% 18% 19.3% 21.1% - 20.2% 19% 18.9%
Net sales 1 12,193 12,479 13,376 15,698 17,181 18,028 19,176 20,238
EBITDA 1 3,852 3,991 4,342 5,122 5,751 6,069 6,597 7,062
EBIT 1 3,673 3,840 4,223 4,939 5,563 5,981 6,492 7,013
Net income 1 1,255 2,589 2,564 2,654 3,695 3,327 3,855 4,152
Net Debt 1 8,556 9,628 10,052 15,712 12,451 12,609 12,155 11,004
Reference price 2 300.56 300.14 291.02 359.16 352.88 328.53 328.53 328.53
Nbr of stocks (in thousands) 2,20,332 2,06,853 2,00,216 2,16,266 2,14,935 2,13,577 - -
Announcement Date 04/02/22 03/02/23 02/02/24 31/01/25 30/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.15x4.59x13.64x0.96% 7.02TCr
22.98x4.02x12.42x1.29% 5.55TCr
15.28x2.77x9.91x1.44% 2.49TCr
17.6x3.7x10.53x1.15% 2TCr
11.15x - - 8.07% 1.03TCr
37.36x2.22x7.34x1.57% 421.55Cr
68.55x17.28x28.68x-.--% 352.61Cr
13.99x2.46x7.6x5.31% 310.65Cr
20.3x2.21x6.67x3.74% 235.1Cr
-46.51x2.07x8.86x-.--% 193.81Cr
Average 18.18x 4.59x 11.74x 2.35% 1.96TCr
Weighted average by Cap. 20.45x 4.18x 12.34x 1.59%

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