(AES) The AES - Overview

Sector: Utilities | Industry: Utilities - Diversified | Exchange: NYSE (USA) | Market Cap: 10.126m USD | Total Return: 41.4% in 12m

Stock Power Generation, Utilities, Renewables
Total Rating 31
Safety 68
Buy Signal -0.16
Utilities - Diversified +1.6
Independent Power Producers & Energy Traders +2.6
Market Cap: 10,126m
Avg Trading Vol: 190M USD
ATR: 1.50%
Peers RS (IBD): 25.0
Risk 5d forecast
Volatility47.5%
Rel. Tail Risk-17.1%
Reward TTM
Sharpe Ratio0.55
Alpha1.91
Character TTM
Beta1.146
Beta Downside0.571
Drawdowns 3y
Max DD58.35%
CAGR/Max DD-0.21
EPS (Earnings per Share) EPS (Earnings per Share) of AES over the last years for every Quarter: "2021-03": 0.28, "2021-06": 0.31, "2021-09": 0.5, "2021-12": 0.45, "2022-03": 0.21, "2022-06": 0.34, "2022-09": 0.63, "2022-12": 0.49, "2023-03": 0.22, "2023-06": 0.21, "2023-09": 0.6, "2023-12": 0.73, "2024-03": 0.5, "2024-06": 0.38, "2024-09": 0.71, "2024-12": 0.54, "2025-03": 0.27, "2025-06": 0.51, "2025-09": 0.75, "2025-12": 0.81, "2026-03": 0,
EPS CAGR: -42.04%
EPS Trend: 5.9%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of AES over the last years for every Quarter: 2021-03: 2635, 2021-06: 2700, 2021-09: 3037, 2021-12: 2770, 2022-03: 2853, 2022-06: 3078, 2022-09: 3627, 2022-12: 3060, 2023-03: 3239, 2023-06: 3035, 2023-09: 3434, 2023-12: 2968, 2024-03: 3085, 2024-06: 2942, 2024-09: 3289, 2024-12: 2962, 2025-03: 2926, 2025-06: 2855, 2025-09: 3351, 2025-12: 3101, 2026-03: null,
Rev. CAGR: 2.25%
Rev. Trend: -13.5%
Last SUE: -0.97
Qual. Beats: 0
Description: AES The AES

The AES Corporation (NYSE: AES) is a global power generation and utility firm that owns and operates a diversified mix of assets-including coal, gas, hydro, wind, solar, biomass and energy-storage facilities-to produce and sell electricity to utilities, industrial customers and end-users across the United States and internationally.

As of the latest FY 2025 results, AES reported revenue of $13.2 billion and adjusted EBITDA of $2.8 billion, with its renewable portfolio now representing roughly 45 % of its 32,109 MW generation capacity. The company serves about 2.7 million customers and has expanded its energy-storage footprint to 1.2 GW, positioning it for growth in ancillary services markets.

Key sector drivers include accelerating decarbonization mandates, rising demand for grid-flexibility solutions, and favorable tax credits that are boosting investment in offshore wind and battery storage. Additionally, higher natural-gas prices and tighter emissions regulations are prompting utilities to shift toward AES’s cleaner-fuel assets.

For a deeper dive into AES’s valuation and risk profile, you might want to explore the analysis on ValueRay.

Headlines to Watch Out For
  • Renewable energy project pipeline drives future revenue growth
  • Commodity price volatility impacts generation costs
  • Regulatory changes in power markets affect profitability
  • Interest rate hikes increase financing costs for new projects
  • Utility rate cases determine distribution segment earnings
Piotroski VR‑10 (Strict) 4.0
Net Income: 897.0m TTM > 0 and > 6% of Revenue
FCF/TA: -0.03 > 0.02 and ΔFCF/TA 6.65 > 1.0
NWC/Revenue: -16.27% < 20% (prev -14.17%; Δ -2.10% < -1%)
CFO/TA 0.08 > 3% & CFO 4.31b > Net Income 897.0m
Net Debt (28.25b) to EBITDA (3.37b): 8.38 < 3
Current Ratio: 0.77 > 1.5 & < 3
Outstanding Shares: last quarter (714.0m) vs 12m ago 0.14% < -2%
Gross Margin: 18.07% > 18% (prev 0.19%; Δ 1.79k% > 0.5%)
Asset Turnover: 24.67% > 50% (prev 25.90%; Δ -1.23% > 0%)
Interest Coverage Ratio: 1.37 > 6 (EBITDA TTM 3.37b / Interest Expense TTM 1.39b)
Altman Z'' 0.05
A: -0.04 (Total Current Assets 6.50b - Total Current Liabilities 8.49b) / Total Assets 51.77b
B: 0.01 (Retained Earnings 641.0m / Total Assets 51.77b)
C: 0.04 (EBIT TTM 1.91b / Avg Total Assets 49.59b)
D: -0.00 (Book Value of Equity -48.0m / Total Liabilities 39.84b)
Altman-Z'' Score: 0.05 = B
Beneish M -3.08
DSRI: 1.07 (Receivables 1.75b/1.65b, Revenue 12.23b/12.28b)
GMI: 1.04 (GM 18.07% / 18.84%)
AQI: 0.87 (AQ_t 0.14 / AQ_t-1 0.16)
SGI: 1.00 (Revenue 12.23b / 12.28b)
TATA: -0.07 (NI 897.0m - CFO 4.31b) / TA 51.77b)
Beneish M-Score: -3.08 (Cap -4..+1) = AA
What is the price of AES shares? As of April 06, 2026, the stock is trading at USD 14.30 with a total of 7,484,900 shares traded.
Over the past week, the price has changed by +2.00%, over one month by +0.56%, over three months by -1.77% and over the past year by +41.42%.
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.
  • StrongBuy: 5
  • Buy: 3
  • Hold: 5
  • Sell: 0
  • StrongSell: 2
What are the forecasts/targets for the AES price?
Wallstreet Target Price 15.3 7.2%
Analysts Target Price 15.3 7.2%
AES Fundamental Data Overview as of 03 April 2026
P/E Trailing = 10.8397
P/E Forward = 6.1013
P/S = 0.8277
P/B = 2.4728
P/EG = 1.0921
Revenue TTM = 12.23b USD
EBIT TTM = 1.91b USD
EBITDA TTM = 3.37b USD
Long Term Debt = 26.79b USD (from longTermDebt, last quarter)
Short Term Debt = 3.15b USD (from shortTermDebt, last quarter)
Debt = 30.33b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 28.25b USD (from netDebt column, last quarter)
Enterprise Value = 38.21b USD (10.13b + Debt 30.33b - CCE 2.25b)
Interest Coverage Ratio = 1.37 (Ebit TTM 1.91b / Interest Expense TTM 1.39b)
EV/FCF = -23.54x (Enterprise Value 38.21b / FCF TTM -1.62b)
FCF Yield = -4.25% (FCF TTM -1.62b / Enterprise Value 38.21b)
FCF Margin = -13.27% (FCF TTM -1.62b / Revenue TTM 12.23b)
Net Margin = 7.33% (Net Income TTM 897.0m / Revenue TTM 12.23b)
Gross Margin = 18.07% ((Revenue TTM 12.23b - Cost of Revenue TTM 10.02b) / Revenue TTM)
Gross Margin QoQ = 18.77% (prev 21.93%)
Tobins Q-Ratio = 0.74 (Enterprise Value 38.21b / Total Assets 51.77b)
Interest Expense / Debt = 1.23% (Interest Expense 373.0m / Debt 30.33b)
Taxrate = 21.0% (US default 21%)
NOPAT = 1.51b (EBIT 1.91b * (1 - 21.00%))
Current Ratio = 0.77 (Total Current Assets 6.50b / Total Current Liabilities 8.49b)
Debt / Equity = 4.40 (Debt 30.33b / totalStockholderEquity, last quarter 6.89b)
Debt / EBITDA = 8.38 (Net Debt 28.25b / EBITDA 3.37b)
 Debt / FCF = -17.41 (negative FCF - burning cash) (Net Debt 28.25b / FCF TTM -1.62b)
 Total Stockholder Equity = 4.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.81% (Net Income 897.0m / Total Assets 51.77b)
RoE = 20.40% (Net Income TTM 897.0m / Total Stockholder Equity 4.40b)
RoCE = 6.13% (EBIT 1.91b / Capital Employed (Equity 4.40b + L.T.Debt 26.79b))
RoIC = 4.43% (NOPAT 1.51b / Invested Capital 34.09b)
WACC = 3.24% (E(10.13b)/V(40.45b) * Re(10.02%) + D(30.33b)/V(40.45b) * Rd(1.23%) * (1-Tc(0.21)))
Discount Rate = 10.02% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.23%
 [DCF] Fair Price = unknown (Cash Flow -1.62b)
 EPS Correlation: 5.92 | EPS CAGR: -42.04% | SUE: -4.0 | # QB: 0
Revenue Correlation: -13.46 | Revenue CAGR: 2.25% | SUE: -0.97 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.49 | Chg7d=-0.123 | Chg30d=-0.123 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=2.29 | Chg7d=+0.000 | Chg30d=-0.038 | Revisions Net=-1 | Growth EPS=-2.0% | Growth Revenue=+6.9%
EPS next Year (2027-12-31): EPS=2.39 | Chg7d=+0.001 | Chg30d=-0.007 | Revisions Net=+2 | Growth EPS=+4.1% | Growth Revenue=+2.5%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 0.8% (Discount Rate 10.0% - Earnings Yield 9.2%)
[Growth] Growth Spread = +5.6% (Analyst 6.4% - Implied 0.8%)
External Resources
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