Professional
Added to YB: 2025-11-07
Pitch date: 2025-11-03
AAON [bearish]
AAON, Inc.
+16.36%
current return
Author Info
Jehoshaphat Research are fraud-busters who force management teams to answer to their shareholders by exposing deceptive accounting and other improper corporate practices. Sign up for the newsletter.
Company Info
AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada.
Market Cap
$7.4B
Pitch Price
$93.17
Price Target
63.00 (-19%)
Dividend
0.44%
EV/EBITDA
37.22
P/E
75.23
EV/Sales
5.93
Sector
Building Products
Category
N/A
AAON CAN MAKE REVENUE EXPECTATIONS OR THEY CAN MAKE MARGIN EXPECTATIONS
AAON short: Creative accounting inflating BASX revenues 30-40% via inventory purchases as contract assets; liquid cooling biz driving growth has ~15-20% GM vs 30%+ corp avg; mix shift will crush margins as data center cooling becomes commodity mfg; insiders (CEO, CAO, CTO) selling/leaving; 30%+ downside vs consensus
Read full article (45 min)