The AES Corp

FRA : AES

USA·Utilities·Utilities - Regulated·Ordinary Shares

€13.28

−0.06 (−0.50%)Oct 16 close

Market Cap

€9.46B

Enterprise Value

€38.43B

P/E (TTM)

8.84

P/B

2.61

Net Cash / (Debt)

−€24.20B

52-Week Range

€12 — €14

5-Year Range

€8.53 — €28

Avg Volume (3M)

1.87K

ListingsFRA NYSE LTS MEX

AES is a global power company that operates in 15 countries. Its generation portfolio totals over 32 gigawatts, including renewable energy (50%), gas (32%), coal (16%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to more than 2.5 million customers.

Employees9,100IPOJun 27, 1991SIC4911HQ4300 Wilson Boulevard, 11th Floor, Arlington, VA, USA, 22203

to

Financials (EUR)

Profitability

Metric

Current

Margins

Gross Margin

16.9%

Operating Margin

14.8%

EBITDA Margin

27.2%

Net Margin

8.7%

OCF Margin

—

FCF Margin

−13.5%

Returns on Capital

ROE

30.0%

ROA

2.2%

ROIC

3.8%

ROCE

4.8%

ROC (Greenblatt)

5.5%

3Y ROIIC

−2.2%

Consistency

Years Profitable / 10Y

6

Valuation

Metric

Current

Earnings Multiples

P/E (TTM)

8.84

Forward P/E

6.20

P/E ex-NRI

6.84

Shiller P/E (CAPE)

675.46

Cash Flow Multiples

P/FCF

—

P/OCF

2.58

P/Owner Earnings

—

FCF Yield

−21.98%

Enterprise Value Multiples

EV / EBIT

22.84

EV / Forward EBIT

12.39

EV / EBITDA

13.29

EV / Forward EBITDA

7.97

EV / Revenue

3.61

EV / Forward Revenue

2.49

Asset / Sales

P/S

0.83

P/B

2.61

P/Tangible Book

6.71

Growth-Adjusted

PEG

2.21

Capital Returns

Metric

Current

Dividends

Dividend Yield (TTM)

4.98%

Forward Dividend Yield

4.85%

3Y Dividend Growth

4.7%

Payout Ratio

0.34

5Y Yield on Cost

6.33%

Buybacks & Dilution

3Y Buyback Ratio

−2.20%

Combined

Shareholder Yield

−10.48%

Balance Sheet

Metric

Current

Leverage

Debt / Equity

7.98

Gross Debt / EBITDA

9.38

Cash / Debt

0.06

Equity / Assets

0.08

Coverage

Interest Coverage

1.27

Short-Term Liquidity

Current Ratio

0.72

Quick Ratio

0.66

Cash Ratio

0.19

Composite Scores

Piotroski F-Score

3

Altman Z-Score

0.46

Split History

Date

Split

No split history found.

Dividends

Ex-date

Amount

Pay date

No dividend history found.

Transcripts

Date

Transcript

Type

AES Corp Extraordinary Shareholders Meeting Transcript

Shareholders and Annual Meetings

Q3 2025 AES Corp Earnings Call Transcript

Q2 2025 AES Corp Earnings Call Transcript

Q1 2025 AES Corp Earnings Call Transcript

Q1 2025 AES Corp Earnings Call Transcript

Q4 2024 AES Corp Earnings Call Transcript

Q3 2024 AES Corp Earnings Call Transcript

Q2 2024 AES Corp Earnings Call Transcript

Q1 2024 AES Corp Earnings Call Transcript

Q4 2023 AES Corp Earnings Call Transcript

10 of 41

5-Step DuPont Analysis

ROE %

22.39%

×

×

Net Margin %

7.28%

×

×

Operating Margin %

16.02%

Operating Income

€1.71B

÷

Revenue

€10.69B

×

Tax Burden

12.5484

Net Income

€778M

÷

Pretax Income

€62M

×

Interest Burden

0.0362

Pretax Income

€62M

÷

Operating Income

€1.71B

×

Asset Turnover

0.24

÷

Revenue

€10.69B

÷

Average Total Assets

€44.74B

Begin Total Assets

€45.27B

End Total Assets

€44.21B

×

Equity Multiplier

12.88

÷

Avg Total Assets

€44.74B

÷

Avg Stockholders Equity

€3.48B

Begin Equity

€3.48B

End Equity

€3.47B