AAON INC (AAON) Stock Fundamental Analysis
USA - NASDAQ:AAON - US0003602069 - Common Stock
100.03 USD
+6.57 (+7.03%)
100.03 USD
0 (0%)
Overall AAON gets a fundamental rating of 6 out of 10. We evaluated AAON against 41 industry peers in the Building Products industry. While AAON belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. While showing a medium growth rate, AAON is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year AAON was profitable.
AAON had a positive operating cash flow in the past year.
In the past 5 years AAON has always been profitable.
AAON had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of AAON (8.72%) is better than 63.41% of its industry peers.
With a decent Return On Equity value of 14.66%, AAON is doing good in the industry, outperforming 63.41% of the companies in the same industry.
With a decent Return On Invested Capital value of 10.32%, AAON is doing good in the industry, outperforming 60.98% of the companies in the same industry.
AAON had an Average Return On Invested Capital over the past 3 years of 18.30%. This is significantly above the industry average of 12.50%.
The last Return On Invested Capital (10.32%) for AAON is well below the 3 year average (18.30%), which needs to be investigated, but indicates that AAON had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.72% | ||
| ROE | 14.66% | ||
| ROIC | 10.32% |
ROA(3y)15.18%
ROA(5y)14.44%
ROE(3y)20.84%
ROE(5y)19.53%
ROIC(3y)18.3%
ROIC(5y)16.85%
1.3 Margins
AAON has a Profit Margin (9.70%) which is in line with its industry peers.
AAON's Profit Margin has improved in the last couple of years.
AAON has a Operating Margin of 12.20%. This is comparable to the rest of the industry: AAON outperforms 46.34% of its industry peers.
AAON's Operating Margin has improved in the last couple of years.
AAON's Gross Margin of 28.67% is in line compared to the rest of the industry. AAON outperforms 41.46% of its industry peers.
AAON's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.2% | ||
| PM (TTM) | 9.7% | ||
| GM | 28.67% |
OM growth 3Y10.34%
OM growth 5Y3.96%
PM growth 3Y8.47%
PM growth 5Y4.17%
GM growth 3Y8.66%
GM growth 5Y5.39%
2. Health
2.1 Basic Checks
AAON has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, AAON has about the same amount of shares outstanding.
AAON has more shares outstanding than it did 5 years ago.
AAON has a worse debt/assets ratio than last year.
2.2 Solvency
AAON has an Altman-Z score of 10.49. This indicates that AAON is financially healthy and has little risk of bankruptcy at the moment.
AAON has a better Altman-Z score (10.49) than 100.00% of its industry peers.
AAON has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
AAON's Debt to Equity ratio of 0.40 is fine compared to the rest of the industry. AAON outperforms 63.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 10.49 |
ROIC/WACC1.12
WACC9.21%
2.3 Liquidity
A Current Ratio of 3.10 indicates that AAON has no problem at all paying its short term obligations.
AAON has a better Current ratio (3.10) than 78.05% of its industry peers.
AAON has a Quick Ratio of 1.99. This is a normal value and indicates that AAON is financially healthy and should not expect problems in meeting its short term obligations.
AAON has a Quick ratio of 1.99. This is amongst the best in the industry. AAON outperforms 82.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.1 | ||
| Quick Ratio | 1.99 |
3. Growth
3.1 Past
The earnings per share for AAON have decreased strongly by -33.36% in the last year.
The Earnings Per Share has been growing by 13.87% on average over the past years. This is quite good.
AAON shows a small growth in Revenue. In the last year, the Revenue has grown by 5.38%.
AAON shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.67% yearly.
EPS 1Y (TTM)-33.36%
EPS 3Y20.46%
EPS 5Y13.87%
EPS Q2Q%-64.52%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y30.96%
Revenue growth 5Y20.67%
Sales Q2Q%-0.64%
3.2 Future
The Earnings Per Share is expected to grow by 15.13% on average over the next years. This is quite good.
The Revenue is expected to grow by 14.60% on average over the next years. This is quite good.
EPS Next Y-30.65%
EPS Next 2Y0.15%
EPS Next 3Y15.13%
EPS Next 5YN/A
Revenue Next Year10.18%
Revenue Next 2Y11.41%
Revenue Next 3Y12.21%
Revenue Next 5Y14.6%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 65.81, AAON can be considered very expensive at the moment.
Based on the Price/Earnings ratio, AAON is valued a bit more expensive than 78.05% of the companies in the same industry.
When comparing the Price/Earnings ratio of AAON to the average of the S&P500 Index (25.67), we can say AAON is valued expensively.
A Price/Forward Earnings ratio of 49.61 indicates a quite expensive valuation of AAON.
Based on the Price/Forward Earnings ratio, AAON is valued a bit more expensive than 75.61% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 31.86, AAON is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 65.81 | ||
| Fwd PE | 49.61 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AAON indicates a rather expensive valuation: AAON more expensive than 80.49% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 34.95 |
4.3 Compensation for Growth
AAON has a very decent profitability rating, which may justify a higher PE ratio.
AAON's earnings are expected to grow with 15.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)4.75
EPS Next 2Y0.15%
EPS Next 3Y15.13%
5. Dividend
5.1 Amount
With a yearly dividend of 0.40%, AAON is not a good candidate for dividend investing.
AAON's Dividend Yield is comparable with the industry average which is at 1.28.
With a Dividend Yield of 0.40, AAON pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.4% |
5.2 History
On average, the dividend of AAON grows each year by 8.53%, which is quite nice.
AAON has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)8.53%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
23.98% of the earnings are spent on dividend by AAON. This is a low number and sustainable payout ratio.
AAON's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP23.98%
EPS Next 2Y0.15%
EPS Next 3Y15.13%
100.03
+6.57 (+7.03%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners79.01%
Inst Owner Change0.34%
Ins Owners0.73%
Ins Owner Change-8.43%
Market Cap8.16B
Revenue(TTM)1.26B
Net Income(TTM)122.09M
Analysts86.15
Price Target107.1 (7.07%)
Short Float %10.89%
Short Ratio7.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.4% |
Yearly Dividend0.32
Dividend Growth(5Y)8.53%
DP23.98%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.56%
Min EPS beat(2)-34.77%
Max EPS beat(2)53.89%
EPS beat(4)2
Avg EPS beat(4)-4.47%
Min EPS beat(4)-44.8%
Max EPS beat(4)53.89%
EPS beat(8)5
Avg EPS beat(8)2%
EPS beat(12)9
Avg EPS beat(12)8.88%
EPS beat(16)10
Avg EPS beat(16)2.2%
Revenue beat(2)1
Avg Revenue beat(2)0.56%
Min Revenue beat(2)-6%
Max Revenue beat(2)7.13%
Revenue beat(4)2
Avg Revenue beat(4)-1.55%
Min Revenue beat(4)-8.93%
Max Revenue beat(4)7.13%
Revenue beat(8)5
Avg Revenue beat(8)-0.21%
Revenue beat(12)9
Avg Revenue beat(12)1.2%
Revenue beat(16)11
Avg Revenue beat(16)1.11%
PT rev (1m)10.7%
PT rev (3m)4.32%
EPS NQ rev (1m)1.79%
EPS NQ rev (3m)-54.31%
EPS NY rev (1m)0.79%
EPS NY rev (3m)-33.39%
Revenue NQ rev (1m)-0.13%
Revenue NQ rev (3m)-13.9%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 65.81 | ||
| Fwd PE | 49.61 | ||
| P/S | 6.48 | ||
| P/FCF | N/A | ||
| P/OCF | 242.87 | ||
| P/B | 9.79 | ||
| P/tB | 12.16 | ||
| EV/EBITDA | 34.95 |
EPS(TTM)1.52
EY1.52%
EPS(NY)2.02
Fwd EY2.02%
FCF(TTM)-2.38
FCFYN/A
OCF(TTM)0.41
OCFY0.41%
SpS15.44
BVpS10.21
TBVpS8.22
PEG (NY)N/A
PEG (5Y)4.75
Graham Number18.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.72% | ||
| ROE | 14.66% | ||
| ROCE | 12.92% | ||
| ROIC | 10.32% | ||
| ROICexc | 10.32% | ||
| ROICexgc | 11.96% | ||
| OM | 12.2% | ||
| PM (TTM) | 9.7% | ||
| GM | 28.67% | ||
| FCFM | N/A |
ROA(3y)15.18%
ROA(5y)14.44%
ROE(3y)20.84%
ROE(5y)19.53%
ROIC(3y)18.3%
ROIC(5y)16.85%
ROICexc(3y)18.35%
ROICexc(5y)17.88%
ROICexgc(3y)22.59%
ROICexgc(5y)21.24%
ROCE(3y)22.91%
ROCE(5y)21.09%
ROICexgc growth 3Y13.27%
ROICexgc growth 5Y1.06%
ROICexc growth 3Y19.13%
ROICexc growth 5Y-2.16%
OM growth 3Y10.34%
OM growth 5Y3.96%
PM growth 3Y8.47%
PM growth 5Y4.17%
GM growth 3Y8.66%
GM growth 5Y5.39%
F-Score4
Asset Turnover0.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.47 | ||
| Cap/Depr | 307.33% | ||
| Cap/Sales | 18.06% | ||
| Interest Coverage | 18.09 | ||
| Cash Conversion | 14.76% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.1 | ||
| Quick Ratio | 1.99 | ||
| Altman-Z | 10.49 |
F-Score4
WACC9.21%
ROIC/WACC1.12
Cap/Depr(3y)242.2%
Cap/Depr(5y)234.85%
Cap/Sales(3y)11.07%
Cap/Sales(5y)11.35%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-33.36%
EPS 3Y20.46%
EPS 5Y13.87%
EPS Q2Q%-64.52%
EPS Next Y-30.65%
EPS Next 2Y0.15%
EPS Next 3Y15.13%
EPS Next 5YN/A
Revenue 1Y (TTM)5.38%
Revenue growth 3Y30.96%
Revenue growth 5Y20.67%
Sales Q2Q%-0.64%
Revenue Next Year10.18%
Revenue Next 2Y11.41%
Revenue Next 3Y12.21%
Revenue Next 5Y14.6%
EBIT growth 1Y-36.72%
EBIT growth 3Y44.5%
EBIT growth 5Y25.45%
EBIT Next Year0.46%
EBIT Next 3Y22.76%
EBIT Next 5YN/A
FCF growth 1Y-647.14%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-72.65%
OCF growth 3Y46.53%
OCF growth 5Y14.48%
AAON INC / AAON FAQ
Can you provide the ChartMill fundamental rating for AAON INC?
ChartMill assigns a fundamental rating of 6 / 10 to AAON.
Can you provide the valuation status for AAON INC?
ChartMill assigns a valuation rating of 1 / 10 to AAON INC (AAON). This can be considered as Overvalued.
Can you provide the profitability details for AAON INC?
AAON INC (AAON) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for AAON stock?
The Price/Earnings (PE) ratio for AAON INC (AAON) is 65.81 and the Price/Book (PB) ratio is 9.79.
What is the financial health of AAON INC (AAON) stock?
The financial health rating of AAON INC (AAON) is 6 / 10.