Company Valuation: AAON, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,164 4,007 6,002 9,565 6,225 9,536 - -
Change - -3.78% 49.78% 59.38% -34.92% 53.2% - -
Enterprise Value (EV) 1 4,201 4,073 6,031 9,697 6,622 9,960 9,749 9,536
Change - -3.05% 48.09% 60.8% -31.72% 50.42% -2.12% -2.18%
P/E 72.9x 40.5x 34.7x 58.3x 59.1x 50.5x 34.8x 31x
PBR 8.9x 7.18x 8.37x 11.9x 7.08x 8.81x 6.68x -
PEG - 0.6x 0.5x -11.29x -1.6x 0.6x 0.8x 2.6x
Capitalization / Revenue 7.79x 4.51x 5.14x 7.97x 4.32x 4.62x 4.18x 3.81x
EV / Revenue 7.86x 4.58x 5.16x 8.08x 4.59x 4.82x 4.28x 3.81x
EV / EBITDA 40.6x 25.1x 21.4x 35.6x 28.6x 27.9x 20.4x 16.4x
EV / EBIT 57.4x 32.1x 25.7x 46.4x 45.3x 38.3x 26.6x 20.7x
EV / FCF 722x 558x 110x -3,100x -34.8x 272x 46.8x 37.1x
FCF Yield 0.14% 0.18% 0.91% -0.03% -2.87% 0.37% 2.14% 2.7%
Dividend per Share 2 0.2533 0.2867 0.32 0.32 0.4 0.4 0.4 -
Rate of return 0.48% 0.57% 0.43% 0.27% 0.52% 0.34% 0.34% -
EPS 2 0.7267 1.24 2.13 2.02 1.29 2.307 3.348 3.75
Distribution rate 34.9% 23.1% 15% 15.8% 31% 17.3% 11.9% -
Net sales 1 534.5 888.8 1,169 1,201 1,442 2,066 2,280 2,500
EBITDA 1 103.6 162.3 281.2 272.2 231.3 356.8 477 583
EBIT 1 73.24 126.8 234.7 209.1 146.2 259.8 366.9 460.5
Net income 1 58.76 100.4 177.6 168.6 107.6 190.4 282.3 319
Net Debt 1 36.51 65.55 29.3 132.4 397.1 424.1 212.8 -
Reference price 2 52.95 50.21 73.87 117.68 76.25 116.42 116.42 116.42
Nbr of stocks (in thousands) 78,642 79,799 81,245 81,280 81,634 81,912 - -
Announcement Date 2/28/22 2/27/23 2/28/24 2/27/25 3/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
50.47x4.82x27.92x0.34% 9.54B
32.59x4.68x22.78x0.84% 107B
30.73x3.84x20.86x1.11% 88.34B
33.38x3.14x15.32x1.32% 59.86B
27.73x1.41x10.19x1.33% 42.49B
23.27x3.69x16.56x0.92% 19.87B
32.28x - - 3.23% 16.25B
16.63x2.26x10.93x2.32% 8.56B
65.88x - - 0.36% 8.02B
23.15x2.03x12.1x1.33% 7.49B
Average 33.61x 3.23x 17.08x 1.31% 36.75B
Weighted average by Cap. 31.82x 3.62x 18.68x 1.17%

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

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