SweetValueLab
Write for us

The AES Corporation — Intrinsic Value & Fair Price

AES
NYSEUtilitiesDiversified UtilitiesCIK 0000874761aes.comAbout AES
Last close · Oct 16, 202614.95−0.02 (−0.13%)
Market cap$10.7B
Model value · P/E · own history
20.87
AES closed at $14.95 — undervalued by 28% vs model.
10.32the model's range87.14

P/E · own history leads for a regulated utility. From its own five-year median P/E applied to its earnings.

Other models
12.94 – 101.32
Wall St. target
16.00 7% below
Below model, 1y
11 of 20 days

Price and model value

Embed this card

AES's close against its model value, as a 420×168 card for your own page. It updates nightly with this site and links back here.

Free to embed; keep the attribution link.
Loading chart…
What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
4.71%
#33 · Highest dividend yield
Past 2 years
low 3.38%high 7.24%
Dividends per share, a year at a time
$0.59Jul ’21$0.62Jul ’22$0.66Jul ’23$0.68Aug ’24$0.70Aug ’25$0.70TTM
Coverage
—
Raised
12 years in a row
Growth, 5 yrs
3.4% a year
Last change
+2.0% · Jan 2025
Every payment, with ex-dates · latest $0.1760, paid Aug 14, 2026

Research on AES

No posts on AES yet.
Studied AES from its filings? Guest posts are reviewed before they go live.Write about AES →

How it is valued

Valued asRegulated utility
Revenue declining (~-2% recent)Moderate margins (7% net margin)Strong dividend yieldHighly cyclical earningsNegative free cash flow
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for utilities
P/E
11.9×
EV / EBITDA
3.2×
FCF yield
-15.2%
Dividend yield, TTM
4.71%
Beta
0.95
Cost of capital (WACC)
9.10%
Full financials

Superinvestors

13F

None of the tracked managers reported a position in their latest 13F.

All 0 holders

Analyst actions

third-party, quoted
04-09Susquehanna · “Neutral” from “Positive”downgrade
03-26Argus Research · “Hold” from “Buy”downgrade
03-06Morgan Stanley · “Equal Weight” from “Overweight”downgrade
02-20Morgan Stanley · target23.00
Ratings, targets and estimates

Comparable companies

by business, not by industry label
1 more company lists AES as a comparable

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just AES. No account.

About AES

The AES Corporation operates as an international enterprise primarily focused on electricity generation and distribution. Its activities involve both the ownership and management of power plants, producing and supplying electricity to a diverse clientele that includes other utility companies, large industrial consumers, and various intermediate purchasers. Beyond generation, AES also functions as a utility provider, managing infrastructure to either produce or acquire, then transmit, distribute, and ultimately sell power directly to end-users across residential, commercial, industrial, and governmental sectors. The company is also an active participant in the wholesale electricity market. For power production, AES utilizes a broad spectrum of energy sources and advanced technologies. This includes conventional fuels like coal and natural gas, as well as a significant commitment to renewables such as hydroelectric, wind, solar, and biomass. Its renewable portfolio further incorporates energy storage solutions and landfill gas. With an operational generation capacity of approximately 31,459 megawatts, the company maintains a substantial global presence, conducting business in the United States, Puerto Rico, various nations across Central and South America (including El Salvador, Chile, Colombia, Argentina, Brazil, Mexico), the Caribbean, Europe, and Asia. Founded in 1981, the company was initially named Applied Energy Services, Inc., before officially rebranding to The AES Corporation in April 2000. Its corporate headquarters are located in Arlington, Virginia.

CEO
Andres Ricardo Gluski Weilert
Headquarters
Arlington, VA
Employees
8,336
IPO
1991-06-26
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.