Aaon Inc
NASDAQ:AAON

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Aaon Inc
NASDAQ:AAON
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Price: 137.42 USD 1.37% Market Closed
Market Cap: 11.2B USD
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Intrinsic Value

The intrinsic value of one AAON stock under the Base Case scenario is 71.09 USD. Compared to the current market price of 137.42 USD, Aaon Inc is Overvalued by 48%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

AAON Intrinsic Value
71.09 USD
Overvaluation 48%
Intrinsic Value
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Base Case
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Aaon Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Economic Moat
Aaon Inc

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Business Breakdown

Aaon Inc., founded in 1988, has established itself as a leader in the HVAC (heating, ventilation, and air conditioning) industry, specializing in the manufacturing of innovative, high-efficiency cooling and heating products. The company operates primarily in the commercial sector, producing a diverse array of equipment including rooftop units, chillers, and energy recovery systems. With a commitment to sustainability and energy efficiency, Aaon has positioned itself as a critical player in an increasingly environmentally conscious world, addressing the growing demand for greener building solutions. Its impressive growth trajectory, indicated by robust revenue increases and a strong market pr...

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Aaon Inc

Current Assets 427.8m
Cash & Short-Term Investments 15k
Receivables 240.1m
Other Current Assets 187.8m
Non-Current Assets 602.8m
PP&E 443.2m
Intangibles 158.8m
Other Non-Current Assets 794k
Current Liabilities 139.8m
Accounts Payable 27.2m
Accrued Liabilities 96.2m
Other Current Liabilities 16.4m
Non-Current Liabilities 93.9m
Long-Term Debt 71.8m
Other Non-Current Liabilities 22.2m
Efficiency

Earnings Waterfall
Aaon Inc

Revenue
1.2B USD
Cost of Revenue
-778.3m USD
Gross Profit
431.2m USD
Operating Expenses
-187.7m USD
Operating Income
243.6m USD
Other Expenses
-52.6m USD
Net Income
190.9m USD

Free Cash Flow Analysis
Aaon Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

AAON reported a solid third quarter with total revenue up 4.9% and earnings per share increasing by 8.6%. Despite a 230 basis point decline in gross margin, it remains healthy at 34.9%. The company's backlog soared by 32% to $647.7 million, bolstered by a significant increase in data center equipment demand, with a record backlog for the AAON Coil Products segment. Looking ahead, AAON expects a backlog increase of over 50% entering 2025, primarily driven by data centers. Capital expenditures guidance was raised to $215 million, reflecting ongoing expansion initiatives aimed at meeting strong future demand.

What is Earnings Call?
Fundamental Scores

AAON Profitability Score
Profitability Due Diligence

Aaon Inc's profitability score is 62/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
Positive 3-Year Average ROE
Positive Gross Profit
Positive 3-Year Average ROIC
62/100
Profitability
Score

Aaon Inc's profitability score is 62/100. The higher the profitability score, the more profitable the company is.

AAON Solvency Score
Solvency Due Diligence

Aaon Inc's solvency score is 83/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
High Altman Z-Score
Long-Term Solvency
Low D/E
83/100
Solvency
Score

Aaon Inc's solvency score is 83/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

AAON Price Targets Summary
Aaon Inc

Wall Street analysts forecast AAON stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for AAON is 126.74 USD with a low forecast of 90.9 USD and a high forecast of 157.5 USD.

Lowest
Price Target
90.9 USD
34% Downside
Average
Price Target
126.74 USD
8% Downside
Highest
Price Target
157.5 USD
15% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
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0
25
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100
Shareholder Yield

Current shareholder yield for AAON is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Debt Paydown Yield
Lowest
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Ownership

AAON Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Profile

Aaon Inc Logo
Aaon Inc

Country

United States of America

Industry

Building

Market Cap

11.2B USD

Dividend Yield

0.23%

Description

AAON, Inc. engages in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment. The company is headquartered in Tulsa, Oklahoma and currently employs 2,881 full-time employees. The firm conducts its business through three segments: AAON Oklahoma, AAON Coil Products and BasX. Its AAON Oklahoma segment designs, manufactures, sells, and services standard, semi-custom, and custom heating, ventilation, and air conditioning (HVAC) systems, designs and produces controls solutions for all of its HVAC units, and sells retail parts through its two retail part-stores in Tulsa, Oklahoma. Its AAON Coil Products segment designs and manufactures a selection of its standard, semi-custom and custom HVAC systems. In addition, it designs and manufactures various heating and cooling coils to be used in HVAC systems. Its BasX segment provides product development design and manufacturing of custom engineered air handling systems, including data center cooling solutions, cleanroom HVAC systems, commercial/industrial HVAC systems and modular solutions.

Contact

OKLAHOMA
Tulsa
2425 S Yukon Ave
+19185832266.0
www.aaon.com

IPO

1991-01-03

Employees

2 881

Officers

CEO & Director
Mr. Gary D. Fields
Founder, Consultant & Director
Mr. Norman H. Asbjornson
VP of Finance, CFO & Treasurer
Ms. Rebecca A. Thompson
VP & Executive VP of AAON Oklahoma
Mr. Stephen E. Wakefield
VP & President of AAON Coil Products
Mr. Gordon D. Wichman
President & COO
Mr. Matthew Tobolski Ph.D., SE
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Chief Accounting Officer
Mr. Christopher Douglas Eason
Chief Information Officer
Mr. Xerxes Gazder
Vice President of Administration
Mr. Casey R. Kidwell
Director of Investor Relations
Mr. Joseph Logan Mondillo C.F.A.
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See Also

Discover More
What is the Intrinsic Value of one AAON stock?

The intrinsic value of one AAON stock under the Base Case scenario is 71.09 USD.

Is AAON stock undervalued or overvalued?

Compared to the current market price of 137.42 USD, Aaon Inc is Overvalued by 48%.

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