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Aon plc (which may be referred to as Aon, the Company, we, us, or our ) is a leading global professional services firm. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise and locally relevant solutions, our colleagues provide clients with the clarity and confidence to make better risk and people decisions that protect and grow their busine…
$367.21
$1.42 (-0.39%)
EOD Jul 17, 2026
25.28% operating margin is above average. ROIC at 13.49%.
Revenue grew 9.4%, steady but not accelerating.
ROIC dropped from 17.56% to 13.49%, capital efficiency is deteriorating. Net debt of $13.27B represents 4.1x FCF, leverage limits flexibility.
21.6x earnings, 24.8x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$17.18B
▲ +9.4% YoY
Net Income (TTM)
$3.69B
▲ +39.2% YoY
Op. Margin
25.28%
▲ +0.9pp YoY
ROIC
13.49%
▼ -4.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3.22B
▲ +14.2% YoY
Op. Cash Flow (TTM)
$3.48B
▲ +14.7% YoY
Net Debt
$13.27B
Cash & Equiv.
$2.80B
5Y CAGR: +9.2%
5Y CAGR: +4.0%
Continue Research
At a P/E of 21.6 and a price-to-free-cash-flow of 24.8, Aon (AON) trades above a two-stage DCF intrinsic value of about $342.67 per share, so at $367.21 the stock looks overvalued (6.7% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Aon scores 55/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $342.67 per share for AON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $257.00. At today's $367.21, that puts the stock about 6.7% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Aon scores 55 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 25.3% operating margin and a 13.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Aon pays a regular dividend of about $2.90 per share per year (typically in quarterly installments), a yield of roughly 0.8% at the current price. That is a payout ratio of about 17.0% of earnings, so the dividend is amply covered by earnings. Aon has grown the dividend at roughly 8.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For AON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. AON currently trades above its estimated intrinsic value and scores 55/100 on quality (mixed). It also yields about 0.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.