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 6,299 - -
Change - -3.78% 49.78% 59.38% -34.92% 1.2% - -
Enterprise Value (EV) 1 4,201 4,073 6,031 9,697 6,622 6,667 6,511 6,299
Change - -3.05% 48.09% 60.8% -31.72% 0.68% -2.34% -3.25%
P/E 72.9x 40.5x 34.7x 58.3x 59.1x 33x 22x 16.3x
PBR 8.9x 7.18x 8.37x 11.9x 7.08x 5.93x 4.62x 3.71x
PEG - 0.6x 0.5x -11.29x -1.6x 0.4x 0.4x 0.5x
Capitalization / Revenue 7.79x 4.51x 5.14x 7.97x 4.32x 2.74x 2.33x 2.08x
EV / Revenue 7.86x 4.58x 5.16x 8.08x 4.59x 2.9x 2.41x 2.08x
EV / EBITDA 40.6x 25.1x 21.4x 35.6x 28.6x 18.5x 12.9x 10.1x
EV / EBIT 57.4x 32.1x 25.7x 46.4x 45.3x 25.6x 16.8x 12.6x
EV / FCF 722x 558x 110x -3,100x -34.8x 172x 34.9x 16.4x
FCF Yield 0.14% 0.18% 0.91% -0.03% -2.87% 0.58% 2.86% 6.11%
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% 0.5% 0.5% -
EPS 2 0.7267 1.24 2.13 2.02 1.29 2.403 3.6 4.85
Distribution rate 34.9% 23.1% 15% 15.8% 31% 16.6% 11.1% -
Net sales 1 534.5 888.8 1,169 1,201 1,442 2,299 2,702 3,034
EBITDA 1 103.6 162.3 281.2 272.2 231.3 360.1 504.8 626
EBIT 1 73.24 126.8 234.7 209.1 146.2 260.9 388.5 498.8
Net income 1 58.76 100.4 177.6 168.6 107.6 198.6 308.2 406.3
Net Debt 1 36.51 65.55 29.3 132.4 397.1 367.3 211.6 -
Reference price 2 52.95 50.21 73.87 117.68 76.25 79.27 79.27 79.27
Nbr of stocks (in thousands) 78,642 79,799 81,245 81,280 81,634 82,454 - -
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.($)
31.79x2.9x18.51x0.52% 6.3B
28.6x4.12x20.2x0.94% 95.34B
30.35x3.79x20.31x1.11% 87.94B
26.74x2.39x11.63x1.81% 45.02B
20.8x1.1x8.05x1.74% 36.66B
15.35x2.43x11.09x1.41% 12.57B
26.09x1.52x14.92x3.94% 12.23B
26.74x2.4x13.85x1.1% 9.11B
15.72x2.09x10.18x2.53% 7.74B
28.03x2.12x16.27x1.13% 7.59B
Average 25.02x 2.49x 14.50x 1.62% 32.05B
Weighted average by Cap. 27.00x 3.11x 16.53x 1.37%

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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  3. AAON Stock
  4. Valuation AAON, Inc.
-40%: Exceptional extension
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