(AES) The AES - Overview
Stock: Electricity, Generation, Utilities, Renewables
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 5.57% |
| Yield on Cost 5y | 3.07% |
| Yield CAGR 5y | 3.90% |
| Payout Consistency | 45.4% |
| Payout Ratio | 46.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 44.3% |
| Relative Tail Risk | -9.94% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.07 |
| Alpha | 44.89 |
| Character TTM | |
|---|---|
| Beta | 1.119 |
| Beta Downside | 1.255 |
| Drawdowns 3y | |
|---|---|
| Max DD | 60.15% |
| CAGR/Max DD | -0.18 |
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) 3.5
| Net Income: 1.14b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA 7.03 > 1.0 |
| NWC/Revenue: -21.61% < 20% (prev -15.05%; Δ -6.56% < -1%) |
| CFO/TA 0.08 > 3% & CFO 3.91b > Net Income 1.14b |
| Net Debt (29.09b) to EBITDA (3.83b): 7.59 < 3 |
| Current Ratio: 0.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (714.0m) vs 12m ago 0.14% < -2% |
| Gross Margin: 16.94% > 18% (prev 0.19%; Δ 1675 % > 0.5%) |
| Asset Turnover: 23.98% > 50% (prev 24.53%; Δ -0.55% > 0%) |
| Interest Coverage Ratio: 1.77 > 6 (EBITDA TTM 3.83b / Interest Expense TTM 1.38b) |
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 555.0m / Total Assets 50.78b) |
| C: 0.05 (EBIT TTM 2.44b / Avg Total Assets 50.43b) |
| D: -0.01 (Book Value of Equity -253.0m / Total Liabilities 40.25b) |
| Altman-Z'' Score: 0.02 = B |
Beneish M -2.97
| DSRI: 0.97 (Receivables 1.79b/1.87b, Revenue 12.09b/12.28b) |
| GMI: 1.15 (GM 16.94% / 19.43%) |
| AQI: 1.02 (AQ_t 0.15 / AQ_t-1 0.14) |
| SGI: 0.98 (Revenue 12.09b / 12.28b) |
| TATA: -0.05 (NI 1.14b - CFO 3.91b) / TA 50.78b) |
| Beneish M-Score: -2.97 (Cap -4..+1) = A |
What is the price of AES shares?
Over the past week, the price has changed by +9.56%, over one month by +8.99%, over three months by +14.45% and over the past year by +56.82%.
Is AES a buy, sell or hold?
- StrongBuy: 5
- Buy: 3
- Hold: 5
- Sell: 0
- StrongSell: 2
What are the forecasts/targets for the AES price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 15.3 | -4.7% |
| Analysts Target Price | 15.3 | -4.7% |
| ValueRay Target Price | 18.5 | 15% |
AES Fundamental Data Overview February 05, 2026
P/E Forward = 6.9638
P/S = 0.9474
P/B = 2.9646
P/EG = 1.0921
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 = 40.55b USD (11.46b + Debt 30.85b - CCE 1.76b)
Interest Coverage Ratio = 1.77 (Ebit TTM 2.44b / Interest Expense TTM 1.38b)
EV/FCF = -18.31x (Enterprise Value 40.55b / FCF TTM -2.21b)
FCF Yield = -5.46% (FCF TTM -2.21b / Enterprise Value 40.55b)
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 = 0.80 (Enterprise Value 40.55b / 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 = 3.30% (E(11.46b)/V(42.31b) * Re(10.04%) + D(30.85b)/V(42.31b) * Rd(1.13%) * (1-Tc(0.29)))
Discount Rate = 10.04% (= 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=0.46 | Chg30d=-0.010 | Revisions Net=-1 | Analysts=4
EPS next Year (2026-12-31): EPS=2.33 | Chg30d=+0.012 | Revisions Net=+0 | Growth EPS=+7.2% | Growth Revenue=+0.8%