Intrinsic value of AAON - AAON

Previous Close

$41.20

  Intrinsic Value

$14.08

stock screener

  Rating & Target

str. sell

-66%

Previous close

$41.20

 
Intrinsic value

$14.08

 
Up/down potential

-66%

 
Rating

str. sell

We calculate the intrinsic value of AAON stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  6.96
  5.50
  5.45
  5.40
  5.36
  5.33
  5.30
  5.27
  5.24
  5.22
  5.19
  5.17
  5.16
  5.14
  5.13
  5.11
  5.10
  5.09
  5.08
  5.08
  5.07
  5.06
  5.05
  5.05
  5.04
  5.04
  5.04
  5.03
  5.03
  5.03
  5.02
Revenue, $m
  384
  427
  451
  475
  500
  527
  555
  584
  615
  647
  680
  716
  753
  791
  832
  874
  919
  966
  1,015
  1,066
  1,120
  1,177
  1,237
  1,299
  1,365
  1,433
  1,506
  1,581
  1,661
  1,744
  1,832
Variable operating expenses, $m
 
  338
  357
  376
  396
  417
  440
  463
  487
  512
  539
  567
  596
  627
  659
  692
  728
  765
  804
  845
  887
  932
  979
  1,029
  1,081
  1,135
  1,192
  1,252
  1,315
  1,381
  1,451
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  304
  338
  357
  376
  396
  417
  440
  463
  487
  512
  539
  567
  596
  627
  659
  692
  728
  765
  804
  845
  887
  932
  979
  1,029
  1,081
  1,135
  1,192
  1,252
  1,315
  1,381
  1,451
Operating income, $m
  80
  89
  94
  99
  104
  110
  115
  122
  128
  135
  142
  149
  157
  165
  173
  182
  191
  201
  211
  222
  233
  245
  257
  270
  284
  298
  313
  329
  345
  363
  381
EBITDA, $m
  93
  102
  108
  114
  120
  126
  133
  140
  147
  155
  163
  172
  180
  190
  199
  210
  220
  231
  243
  256
  269
  282
  296
  311
  327
  344
  361
  379
  398
  418
  439
Interest expense (income), $m
  0
  0
  0
  0
  1
  1
  1
  1
  1
  2
  2
  2
  2
  3
  3
  3
  4
  4
  4
  5
  5
  6
  6
  7
  7
  8
  8
  9
  9
  10
  11
Earnings before tax, $m
  80
  89
  94
  98
  104
  109
  114
  120
  126
  133
  140
  147
  154
  162
  170
  178
  187
  197
  207
  217
  228
  239
  251
  264
  277
  291
  305
  320
  336
  353
  370
Tax expense, $m
  27
  24
  25
  27
  28
  29
  31
  32
  34
  36
  38
  40
  42
  44
  46
  48
  51
  53
  56
  59
  62
  65
  68
  71
  75
  78
  82
  86
  91
  95
  100
Net income, $m
  53
  65
  68
  72
  76
  79
  84
  88
  92
  97
  102
  107
  112
  118
  124
  130
  137
  144
  151
  158
  166
  175
  183
  192
  202
  212
  223
  234
  245
  258
  270

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  44
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  257
  313
  330
  348
  367
  386
  407
  428
  450
  474
  498
  524
  551
  580
  609
  641
  673
  708
  744
  781
  821
  862
  906
  952
  1,000
  1,050
  1,103
  1,158
  1,217
  1,278
  1,342
Adjusted assets (=assets-cash), $m
  213
  313
  330
  348
  367
  386
  407
  428
  450
  474
  498
  524
  551
  580
  609
  641
  673
  708
  744
  781
  821
  862
  906
  952
  1,000
  1,050
  1,103
  1,158
  1,217
  1,278
  1,342
Revenue / Adjusted assets
  1.803
  1.364
  1.367
  1.365
  1.362
  1.365
  1.364
  1.364
  1.367
  1.365
  1.365
  1.366
  1.367
  1.364
  1.366
  1.363
  1.366
  1.364
  1.364
  1.365
  1.364
  1.365
  1.365
  1.364
  1.365
  1.365
  1.365
  1.365
  1.365
  1.365
  1.365
Average production assets, $m
  108
  135
  143
  151
  159
  167
  176
  185
  195
  205
  216
  227
  239
  251
  264
  277
  291
  306
  322
  338
  355
  373
  392
  412
  433
  454
  477
  501
  526
  553
  581
Working capital, $m
  102
  63
  67
  70
  74
  78
  82
  86
  91
  96
  101
  106
  111
  117
  123
  129
  136
  143
  150
  158
  166
  174
  183
  192
  202
  212
  223
  234
  246
  258
  271
Total debt, $m
  0
  3
  7
  10
  14
  18
  22
  26
  31
  35
  40
  46
  51
  57
  63
  69
  76
  82
  90
  97
  105
  114
  122
  132
  141
  151
  162
  173
  185
  197
  210
Total liabilities, $m
  51
  63
  66
  70
  74
  78
  82
  86
  91
  95
  100
  105
  111
  117
  122
  129
  135
  142
  149
  157
  165
  173
  182
  191
  201
  211
  222
  233
  245
  257
  270
Total equity, $m
  206
  250
  264
  278
  293
  309
  325
  342
  360
  379
  398
  419
  441
  463
  487
  512
  538
  565
  594
  624
  656
  689
  724
  760
  799
  839
  881
  926
  972
  1,021
  1,072
Total liabilities and equity, $m
  257
  313
  330
  348
  367
  387
  407
  428
  451
  474
  498
  524
  552
  580
  609
  641
  673
  707
  743
  781
  821
  862
  906
  951
  1,000
  1,050
  1,103
  1,159
  1,217
  1,278
  1,342
Debt-to-equity ratio
  0.000
  0.010
  0.020
  0.040
  0.050
  0.060
  0.070
  0.080
  0.090
  0.090
  0.100
  0.110
  0.120
  0.120
  0.130
  0.130
  0.140
  0.150
  0.150
  0.160
  0.160
  0.160
  0.170
  0.170
  0.180
  0.180
  0.180
  0.190
  0.190
  0.190
  0.200
Adjusted equity ratio
  0.761
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  53
  65
  68
  72
  76
  79
  84
  88
  92
  97
  102
  107
  112
  118
  124
  130
  137
  144
  151
  158
  166
  175
  183
  192
  202
  212
  223
  234
  245
  258
  270
Depreciation, amort., depletion, $m
  13
  14
  14
  15
  16
  17
  18
  19
  19
  21
  22
  23
  24
  25
  26
  28
  29
  31
  32
  34
  36
  37
  39
  41
  43
  45
  48
  50
  53
  55
  58
Funds from operations, $m
  55
  78
  83
  87
  91
  96
  101
  106
  112
  118
  123
  130
  136
  143
  150
  158
  166
  174
  183
  192
  202
  212
  222
  234
  245
  258
  270
  284
  298
  313
  328
Change in working capital, $m
  -9
  3
  3
  4
  4
  4
  4
  4
  5
  5
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
Cash from operations, $m
  64
  75
  79
  83
  88
  92
  97
  102
  107
  113
  119
  125
  131
  137
  144
  152
  159
  167
  176
  185
  194
  204
  214
  224
  236
  247
  260
  273
  286
  301
  315
Maintenance CAPEX, $m
  0
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -19
  -19
  -21
  -22
  -23
  -24
  -25
  -26
  -28
  -29
  -31
  -32
  -34
  -36
  -37
  -39
  -41
  -43
  -45
  -48
  -50
  -53
  -55
New CAPEX, $m
  -27
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -28
Cash from investing activities, $m
  -17
  -20
  -21
  -22
  -23
  -24
  -26
  -27
  -29
  -29
  -32
  -33
  -35
  -36
  -38
  -39
  -42
  -44
  -47
  -48
  -51
  -54
  -56
  -59
  -62
  -65
  -68
  -72
  -75
  -79
  -83
Free cash flow, $m
  47
  55
  58
  61
  65
  68
  71
  75
  79
  83
  87
  92
  96
  101
  106
  112
  117
  123
  130
  136
  143
  150
  158
  165
  174
  182
  191
  201
  211
  221
  232
Issuance/(repayment) of debt, $m
  0
  3
  3
  4
  4
  4
  4
  4
  5
  5
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
Issuance/(repurchase) of shares, $m
  -17
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -18
  3
  3
  4
  4
  4
  4
  4
  5
  5
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
Total cash flow (excl. dividends), $m
  29
  59
  62
  65
  68
  72
  76
  79
  84
  88
  92
  97
  102
  107
  112
  118
  124
  130
  137
  144
  151
  158
  166
  175
  183
  192
  202
  212
  223
  234
  245
Retained Cash Flow (-), $m
  -27
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -29
  -30
  -32
  -33
  -35
  -37
  -38
  -40
  -42
  -44
  -47
  -49
  -51
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  6
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
  11
  12
  13
  13
  14
  15
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  27
  28
Cash available for distribution, $m
 
  45
  48
  51
  53
  56
  59
  62
  66
  69
  73
  76
  80
  84
  89
  93
  98
  103
  108
  114
  119
  125
  131
  138
  145
  152
  160
  168
  176
  185
  194
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  44
  44
  44
  44
  44
  43
  42
  41
  40
  38
  36
  34
  32
  30
  27
  25
  22
  20
  17
  15
  13
  11
  9
  7
  6
  5
  4
  3
  2
  1
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

AAON, Inc. is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils. Its products serve the commercial and industrial new construction and replacement markets. Its rooftop and condensing unit markets consist of units installed on commercial or industrial structures of less than 10 stories in height. Its air handling units, self-contained units, geothermal/water-source heat pumps, chillers, packaged outdoor mechanical rooms and coils are applicable to all sizes of commercial and industrial buildings. The replacement market consists of products installed to replace existing units/components that are worn or damaged.

FINANCIAL RATIOS  of  AAON (AAON)

Valuation Ratios
P/E Ratio 40.9
Price to Sales 5.6
Price to Book 10.5
Price to Tangible Book
Price to Cash Flow 33.9
Price to Free Cash Flow 58.6
Growth Rates
Sales Growth Rate 7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 28.6%
Cap. Spend. - 3 Yr. Gr. Rate 24.6%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 21.6%
Ret/ On Assets - 3 Yr. Avg. 20.5%
Return On Total Capital 27.5%
Ret/ On T. Cap. - 3 Yr. Avg. 26.5%
Return On Equity 27.5%
Return On Equity - 3 Yr. Avg. 26.5%
Asset Turnover 1.6
Profitability Ratios
Gross Margin 30.7%
Gross Margin - 3 Yr. Avg. 30.5%
EBITDA Margin 24.2%
EBITDA Margin - 3 Yr. Avg. 23.3%
Operating Margin 20.8%
Oper. Margin - 3 Yr. Avg. 20%
Pre-Tax Margin 20.8%
Pre-Tax Margin - 3 Yr. Avg. 19.9%
Net Profit Margin 13.8%
Net Profit Margin - 3 Yr. Avg. 13%
Effective Tax Rate 33.8%
Eff/ Tax Rate - 3 Yr. Avg. 34.8%
Payout Ratio 24.5%

AAON stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AAON stock intrinsic value calculation we used $405 million for the last fiscal year's total revenue generated by AAON. The default revenue input number comes from 2016 income statement of AAON. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AAON stock valuation model: a) initial revenue growth rate of 5.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for AAON is calculated based on our internal credit rating of AAON, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of AAON.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AAON stock the variable cost ratio is equal to 79.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for AAON stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for AAON.

Corporate tax rate of 27% is the nominal tax rate for AAON. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AAON stock is equal to 1.6%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AAON are equal to 31.7%.

Life of production assets of 10 years is the average useful life of capital assets used in AAON operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AAON is equal to 14.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $237 million for AAON - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 53 million for AAON is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of AAON at the current share price and the inputted number of shares is $2.2 billion.

RELATED COMPANIES Price Int.Val. Rating
LII Lennox Interna 222.66 77.92  str.sell
CUO Continental Ma 17.15 12.93  sell
IR Ingersoll-Rand 99.81 103.04  buy
UTX United Technol 134.44 129.22  hold
AOS A.O. Smith 58.33 50.35  hold

COMPANY NEWS

▶ AAON, Inc. to Host Earnings Call   [Aug-02-18 02:15PM  ACCESSWIRE]
▶ Aaon: 2Q Earnings Snapshot   [07:39AM  Associated Press]
▶ New Strong Sell Stocks for May 7th   [May-07-18 08:13AM  Zacks]
▶ AAON Reports Record First Quarter Sales but Lower Profit   [May-03-18 07:00AM  GlobeNewswire]
▶ Aaon: 1Q Earnings Snapshot   [06:19AM  Associated Press]
▶ Are You Backing The Right Horse With AAON Inc (NASDAQ:AAON)?   [Apr-17-18 05:17PM  Simply Wall St.]
▶ Does AAON Incs (NASDAQ:AAON) Recent Track Record Look Strong?   [Apr-01-18 03:59PM  Simply Wall St.]
▶ Top NasdaqGS Growth Stocks To Buy   [Mar-31-18 12:02PM  Simply Wall St.]
▶ AAON Announces Price Increase   [Mar-23-18 07:00AM  GlobeNewswire]
▶ AAON Announces Officer Resignation   [Mar-16-18 07:00AM  GlobeNewswire]
▶ Should You Sell AAON Inc (NASDAQ:AAON) At This PE Ratio?   [Mar-14-18 11:18AM  Simply Wall St.]
▶ At $35.95, Is AAON Inc (NASDAQ:AAON) A Buy?   [Mar-06-18 08:03PM  Simply Wall St.]
▶ AAON Announces Acquisition   [Mar-01-18 07:00AM  GlobeNewswire]
▶ Top NasdaqGS Growth Stocks To Buy   [11:02AM  Simply Wall St.]
▶ AAON, Inc. to Host Earnings Call   [Feb-27-18 12:00PM  ACCESSWIRE]
▶ Aaon posts 4Q profit   [09:27AM  Associated Press]
▶ AAON Announces Tax Reform Bonus for Employees   [Jan-02-18 03:15PM  GlobeNewswire]
▶ ETFs with exposure to AAON, Inc. : December 29, 2017   [Dec-29-17 11:23AM  Capital Cube]
▶ ETFs with exposure to AAON, Inc. : December 18, 2017   [Dec-18-17 02:15PM  Capital Cube]
▶ New Strong Sell Stocks for November 16th   [Nov-16-17 09:45AM  Zacks]
▶ ETFs with exposure to AAON, Inc. : November 13, 2017   [Nov-13-17 11:30AM  Capital Cube]
▶ AAON Announces Semi-Annual Cash Dividend   [Nov-07-17 07:00AM  GlobeNewswire]
▶ New Strong Sell Stocks for November 6th   [Nov-06-17 08:09AM  Zacks]
▶ Aaon posts 3Q profit   [Nov-02-17 09:47AM  Associated Press]
▶ ETFs with exposure to AAON, Inc. : November 1, 2017   [Nov-01-17 11:45AM  Capital Cube]
▶ ETFs with exposure to AAON, Inc. : August 7, 2017   [Aug-07-17 04:15PM  Capital Cube]
▶ Aaon posts 2Q profit   [Aug-04-17 01:47AM  Associated Press]
▶ AAON Reports Second Quarter Sales and Earnings   [Aug-03-17 07:00AM  GlobeNewswire]
▶ ETFs with exposure to AAON, Inc. : July 7, 2017   [Jul-07-17 02:22PM  Capital Cube]
▶ ETFs with exposure to AAON, Inc. : June 19, 2017   [Jun-19-17 02:48PM  Capital Cube]
▶ Workiva Simplifies SOX Compliance for AAON   [May-31-17 09:03AM  Business Wire]
Financial statements of AAON
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.