Aon plc AON
Verdict: Sell. Fair value $305 against a price of $344 on 5 Jan 2026, 12% below the price.
In plain words
The case for: Wide competitive moat provides durability. Market leadership enables pricing power. Industry tailwinds with growing market.
The case against: 2024 Revenue grew 17.3% YoY ($15.7B vs $13.38B) while Net Income only grew 3.5% ($2.65B vs $2.56B),.... Operating Cash Flow and Balance Sheet details (Receivables/Payables) missing from input, preventing.... Significant Net Income drop in 2021 ($1.25B) compared to 2020 ($1.97B) and 2022 ($2.59B),....
Main risks
- Declining Net Profit Margins (dropped from 20.8% in 2022 to 16.9% in 2024)
- Missing Debt and Cash data prevents critical solvency and leverage analysis
- High Asset-to-Equity ratio (approx 8x) suggests significant leverage or fiduciary liabilities
- 2024 Revenue grew 17.3% YoY ($15.7B vs $13.38B) while Net Income only grew 3.5% ($2.65B vs $2.56B),...
- Operating Cash Flow and Balance Sheet details (Receivables/Payables) missing from input, preventing...
- 2024 Revenue grew 17.3% YoY ($15.7B vs $13.38B) while Net Income only grew 3.5% ($2.65B vs $2.56B), indicating significant operating leverage deterioration or rising costs.