NasdaqGS:AAON

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Executive Summary

AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. More Details


Snowflake Analysis

Outstanding track record with flawless balance sheet.


Similar Companies

Share Price & News

How has AAON's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AAON is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AAON's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.7%

AAON

0.5%

US Building

2.8%

US Market


1 Year Return

33.5%

AAON

15.7%

US Building

20.9%

US Market

Return vs Industry: AAON exceeded the US Building industry which returned 15.7% over the past year.

Return vs Market: AAON exceeded the US Market which returned 20.7% over the past year.


Shareholder returns

AAONIndustryMarket
7 Day0.7%0.5%2.8%
30 Day11.8%9.6%11.1%
90 Day14.7%10.7%6.5%
1 Year34.4%33.5%23.5%15.7%23.6%20.9%
3 Year85.4%81.3%42.0%30.5%47.3%37.6%
5 Year179.0%168.7%94.4%66.6%94.3%72.9%

Long-Term Price Volatility Vs. Market

How volatile is AAON's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AAON undervalued compared to its fair value and its price relative to the market?

44.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AAON ($65.92) is trading above our estimate of fair value ($61.68)

Significantly Below Fair Value: AAON is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AAON is poor value based on its PE Ratio (44.4x) compared to the US Building industry average (24.2x).

PE vs Market: AAON is poor value based on its PE Ratio (44.4x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: AAON's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AAON is overvalued based on its PB Ratio (10x) compared to the US Building industry average (2.8x).


Next Steps

Future Growth

How is AAON forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-3.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AAON's earnings are forecast to decline over the next 3 years (-3.7% per year).

Earnings vs Market: AAON's earnings are forecast to decline over the next 3 years (-3.7% per year).

High Growth Earnings: AAON's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AAON's revenue is expected to decline over the next 3 years (-1.3% per year).

High Growth Revenue: AAON's revenue is forecast to decline over the next 3 years (-1.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AAON's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has AAON performed over the past 5 years?

5.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AAON has high quality earnings.

Growing Profit Margin: AAON's current net profit margins (14.9%) are higher than last year (10.6%).


Past Earnings Growth Analysis

Earnings Trend: AAON's earnings have grown by 5.9% per year over the past 5 years.

Accelerating Growth: AAON's earnings growth over the past year (58.6%) exceeds its 5-year average (5.9% per year).

Earnings vs Industry: AAON earnings growth over the past year (58.6%) exceeded the Building industry 11.8%.


Return on Equity

High ROE: AAON's Return on Equity (22.4%) is considered high.


Next Steps

Financial Health

How is AAON's financial position?


Financial Position Analysis

Short Term Liabilities: AAON's short term assets ($225.5M) exceed its short term liabilities ($61.5M).

Long Term Liabilities: AAON's short term assets ($225.5M) exceed its long term liabilities ($33.5M).


Debt to Equity History and Analysis

Debt Level: AAON is debt free.

Reducing Debt: AAON has not had any debt for past 5 years.

Debt Coverage: AAON has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AAON has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is AAON current dividend yield, its reliability and sustainability?

0.58%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AAON's dividend (0.58%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: AAON's dividend (0.58%) is low compared to the top 25% of dividend payers in the US market (4.08%).


Stability and Growth of Payments

Stable Dividend: AAON is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: AAON is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: AAON is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AAON's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Gary Fields (60 yo)

0.50

Tenure

US$1,665,610

Compensation

Mr. Gary D. Fields has been Chief Executive Officer at AAON, Inc. since May 12, 2020. Mr. Fields has been the President of AAON Inc. since November 1, 2016. Mr. Fields is an Owner and President of GKR Part...


CEO Compensation Analysis

Compensation vs Market: Gary's total compensation ($USD1.67M) is below average for companies of similar size in the US market ($USD5.14M).

Compensation vs Earnings: Gary's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Norman Asbjornson
Founder & Executive Chairman4yrsUS$2.72m18.48%
$ 636.3m
Gary Fields
President0.50yrUS$1.67m0.066%
$ 2.3m
Scott Asbjornson
VP of Finance & CFO8.25yrsUS$1.12m2.67%
$ 92.1m
Stephen Wakefield
Chief Operating Officer0.50yrUS$1.31m0.012%
$ 421.9k
Rebecca Thompson
Chief Accounting Officer & Treasurer7.92yrsUS$936.07k0.018%
$ 610.9k
Rony Gadiwalla
VP of Information Technology & Chief Information Officer2yrsno data0.063%
$ 2.2m
Joseph Mondillo
Director of Investor Relationsno datano datano data
Luke Bomer
Secretaryno datano datano data

2.0yrs

Average Tenure

51yo

Average Age

Experienced Management: AAON's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Norman Asbjornson
Founder & Executive Chairman4yrsUS$2.72m18.48%
$ 636.3m
Gary Fields
President0.50yrUS$1.67m0.066%
$ 2.3m
Paul Lackey
Lead Independent Director0.50yrUS$146.27k0.14%
$ 4.7m
Arthur McElroy
Independent Director13.33yrsUS$143.27k0.16%
$ 5.5m
Caron Lawhorn
Independent Director1.83yrsUS$207.29k0.010%
$ 348.5k
Stephen LeClair
Independent Director3.5yrsUS$142.40k0.027%
$ 915.0k
Angela Kouplen
Independent Director4.5yrsUS$141.82k0.036%
$ 1.2m

4.0yrs

Average Tenure

58yo

Average Age

Experienced Board: AAON's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AAON insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AAON, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AAON, Inc.
  • Ticker: AAON
  • Exchange: NasdaqGS
  • Founded: 1987
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: US$3.444b
  • Shares outstanding: 52.24m
  • Website: https://www.aaon.com

Number of Employees


Location

  • AAON, Inc.
  • 2425 South Yukon Avenue
  • Tulsa
  • Oklahoma
  • 74107
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AAONNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1991
AAODB (Deutsche Boerse AG)YesCommon StockDEEURJan 1991

Biography

AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, ch...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 23:07
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.