Overview Dividends

(AES) The AES - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US00130H1059

Electricity, Generation, Utilities, Renewables

Independent Power Producers & Energy Traders
Market Cap in USD: 10,290m

IPO / Inception: 1991-06-25
Return 12m vs S&P 500: 2.85%

EPS (Earnings per Share)

EPS CAGR: -35.71%
EPS Trend: 7.3%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 5.21%
Rev. Trend: 4.0%

Last SUE: 0.94
Qual. Beats: 1

Dividends

Dividend Yield	6.19%
Yield on Cost 5y	4.15%
Yield CAGR 5y	3.90%
Payout Consistency	45.4%
Payout Ratio	34.0%

Risk via 5d forecast
Volatility	44.3%
Value at Risk 5%th	65.8%
Relative Tail Risk	-9.70%

Reward TTM
Sharpe Ratio	0.47
Alpha	-2.20
CAGR/Max DD	-0.27

Character TTM
Hurst Exponent	0.295
Beta	1.080
Beta Downside	1.310

Drawdowns 3y
Max DD	61.58%
Mean DD	37.21%
Median DD	37.89%

Description: AES The AES January 07, 2026

The AES Corporation (NYSE:AES) is a global power generation and utility firm that owns and operates roughly 32 GW of diversified generation assets-including coal, natural-gas, hydro, wind, solar, biomass, energy-storage and landfill-gas facilities-and delivers electricity to about 2.7 million end-use customers across the United States and multiple international markets.

In fiscal 2023 AES reported adjusted EBITDA of $5.1 billion and a net debt-to-EBITDA ratio of 3.2×, reflecting a balance-sheet profile that is typical for capital-intensive independent power producers. The company’s renewable-energy share has risen to ~38 % of its generation mix, driven by recent acquisitions in Brazil and the Philippines and by ongoing construction of utility-scale solar and battery projects.

Key economic drivers for AES include the global shift toward decarbonization, which fuels demand for clean-energy capacity and ancillary services, and the pricing dynamics of wholesale electricity markets that are increasingly influenced by renewable-penetration and capacity-market reforms. Additionally, AES’s exposure to emerging-market growth-particularly in Latin America-offers upside potential but also introduces currency and regulatory risk.

For a deeper dive into AES’s valuation metrics and scenario analysis, see the ValueRay platform.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (1.14b TTM) > 0 and > 6% of Revenue (6% = 725.6m TTM)

FCFTA -0.04 (>2.0%) and ΔFCFTA 7.03pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -21.61% (prev -15.05%; Δ -6.56pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 3.91b > Net Income 1.14b (YES >=105%, WARN >=100%)

Net Debt (29.09b) to EBITDA (3.83b) ratio: 7.59 <= 3.0 (WARN <= 3.5)

Current Ratio 0.72 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (714.0m) change vs 12m ago 0.14% (target <= -2.0% for YES)

Gross Margin 16.94% (prev 19.43%; Δ -2.49pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 23.98% (prev 24.53%; Δ -0.55pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.77 (EBITDA TTM 3.83b / Interest Expense TTM 1.38b) >= 6 (WARN >= 3)

Altman Z'' 0.02

(A) -0.05 = (Total Current Assets 6.82b - Total Current Liabilities 9.43b) / Total Assets 50.78b

(B) 0.01 = Retained Earnings (Balance) 555.0m / Total Assets 50.78b

(D) -0.01 = Book Value of Equity -253.0m / Total Liabilities 40.25b

Total Rating: 0.02 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 39.02

1. Piotroski 3.0pt

2. FCF Yield -5.62%

3. FCF Margin -18.31%

4. Debt/Equity 7.98

5. Debt/Ebitda 7.59

6. ROIC - WACC (= 2.03)%

7. RoE 31.65%

8. Rev. Trend 4.03%

9. EPS Trend 7.32%

What is the price of AES shares?

As of January 09, 2026, the stock is trading at USD 14.22 with a total of 7,334,460 shares traded.
Over the past week, the price has changed by -4.05%, over one month by +2.60%, over three months by -2.24% and over the past year by +21.72%.

Is AES a buy, sell or hold?

The AES has received a consensus analysts rating of 3.60. Therefor, it is recommend to hold AES.

Strong Buy: 5
Buy: 3
Hold: 5
Sell: 0
Strong Sell: 2

What are the forecasts/targets for the AES price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	15.3	7.5%
Analysts Target Price	15.3	7.5%
ValueRay Target Price	14.1	-0.8%

AES Fundamental Data Overview January 09, 2026

P/E Trailing = 9.8299
P/E Forward = 6.4516
P/S = 0.8508
P/B = 2.7453
P/EG = 1.0921
Beta = 0.969
Revenue TTM = 12.09b USD
EBIT TTM = 2.44b USD
EBITDA TTM = 3.83b USD
Long Term Debt = 26.46b USD (from longTermDebt, last quarter)
Short Term Debt = 4.39b USD (from shortTermDebt, last quarter)
Debt = 30.85b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 29.09b USD (from netDebt column, last quarter)
Enterprise Value = 39.38b USD (10.29b + Debt 30.85b - CCE 1.76b)
Interest Coverage Ratio = 1.77 (Ebit TTM 2.44b / Interest Expense TTM 1.38b)
FCF Yield = -5.62% (FCF TTM -2.21b / Enterprise Value 39.38b)
FCF Margin = -18.31% (FCF TTM -2.21b / Revenue TTM 12.09b)
Net Margin = 9.38% (Net Income TTM 1.14b / Revenue TTM 12.09b)
Gross Margin = 16.94% ((Revenue TTM 12.09b - Cost of Revenue TTM 10.04b) / Revenue TTM)
Gross Margin QoQ = 21.93% (prev 15.87%)
Tobins Q-Ratio = 0.78 (Enterprise Value 39.38b / Total Assets 50.78b)
Interest Expense / Debt = 1.13% (Interest Expense 348.0m / Debt 30.85b)
Taxrate = 28.97% (226.0m / 780.0m)
NOPAT = 1.73b (EBIT 2.44b * (1 - 28.97%))
Current Ratio = 0.72 (Total Current Assets 6.82b / Total Current Liabilities 9.43b)
Debt / Equity = 7.98 (Debt 30.85b / totalStockholderEquity, last quarter 3.87b)
Debt / EBITDA = 7.59 (Net Debt 29.09b / EBITDA 3.83b)
Debt / FCF = -13.13 (negative FCF - burning cash) (Net Debt 29.09b / FCF TTM -2.21b)
Total Stockholder Equity = 3.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.25% (Net Income 1.14b / Total Assets 50.78b)
RoE = 31.65% (Net Income TTM 1.14b / Total Stockholder Equity 3.59b)
RoCE = 8.11% (EBIT 2.44b / Capital Employed (Equity 3.59b + L.T.Debt 26.46b))
RoIC = 5.13% (NOPAT 1.73b / Invested Capital 33.77b)
WACC = 3.10% (E(10.29b)/V(41.14b) * Re(9.99%) + D(30.85b)/V(41.14b) * Rd(1.13%) * (1-Tc(0.29)))
Discount Rate = 9.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.23%
Fair Price DCF = unknown (Cash Flow -2.21b)
EPS Correlation: 7.32 | EPS CAGR: -35.71% | SUE: -4.0 | # QB: 0
Revenue Correlation: 4.03 | Revenue CAGR: 5.21% | SUE: 0.94 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.47 | Chg30d=+0.023 | Revisions Net=+3 | Analysts=5
EPS next Year (2026-12-31): EPS=2.31 | Chg30d=+0.005 | Revisions Net=+3 | Growth EPS=+7.3% | Growth Revenue=+2.7%

Additional Sources for AES Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle