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Earnings transcript
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AES
The AES Corporation
$14.3
0.1
(0.7%)
| Exchange: | NYSE |
| Market Cap: | 10.19B |
| Shares Outstanding: | 221.429M |
About The Company
| Sector: | Utilities | |||||
| Industry: | Diversified Utilities | |||||
| CEO: | Andres Ricardo Gluski Weilert | |||||
| Full Time Employees: | 9100 | |||||
| Address: |
| |||||
| Website: | https://www.aes.com |
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses a range of fuels and technologies to generate electricity, including coal, gas, hydro, wind, solar, and biomass; and renewables, such as energy storage and landfill gas. The company owns and/or operates a generation portfolio of approximately 31,459 megawatts. It has operations in the United States, Puerto Rico, El Salvador, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, and Asia. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was incorporated in 1981 and is headquartered in Arlington, Virginia.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 12,676,000 | 12,278,000 | 12,233,000 |
| Gross Profit | 2,515,000 | 2,316,000 | 2,211,000 |
| EBITDA | 2,534,000 | 3,675,000 | 2,939,000 |
| Operating Income | 2,260,000 | 2,028,000 | 1,970,000 |
| Net Income | 242,000 | 1,686,000 | 949,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 44,799,000 | 47,406,000 | 11,917,000 |
| Total Liabilities | 38,814,000 | 39,702,000 | 6,419,000 |
| Total Stockholders Equity | 2,488,000 | 3,644,000 | 4,063,000 |
| Total Debt | 26,878,000 | 29,018,000 | 6,946,000 |
| Cash and Cash Equivalents | 1,426,000 | 1,524,000 | 11,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 3,034,000 | 2,752,000 | 4,306,000 |
| Capital Expenditure | -7,724,000 | -7,392,000 | -5,929,000 |
| Free Cash Flow | -4,690,000 | -4,640,000 | -1,623,000 |
| Net Income | -182,000 | 698,000 | 910,000 |
| Net Change in Cash | -97,000 | 97,000 | 79,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 11,588,272.835 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 12,792,434.425 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 12,190,353.630 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 5,018,570.065 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 5,540,060.143 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 5,279,315.104 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,653,114.482 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 2,013,130.162 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,803,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 219,198.836 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 241,976.244 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 230,587.540 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 2.570 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 2.830 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 2.320 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 4 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: AES Corporation reported strong results in its Q4 and full-year 2024 financial review, with key metrics such as revenue, EBITDA, and net income showing positive trends. The earnings call highlighted exceeding expectations in several areas, supported by effective operational execution.
- Strategic Portfolio Growth: The company is successfully expanding its renewable energy portfolio, as emphasized in the earnings call, aligning with industry trends toward sustainable energy. This positions AES as a leader in the transition to cleaner energy sources within the utilities sector.
- Solid Cash Flow Generation: Analysis of cash flow statements indicates consistent net cash provided by operating activities and positive free cash flow, reflecting financial stability and the ability to fund growth initiatives or reduce debt.
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Intrinsic Value Calculator
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Common questions about AES valuation
Is The AES Corporation (AES) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for The AES Corporation (AES) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is AES a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether AES trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is AES’s P/E ratio?
You can see AES’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for AES?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is AES a good long-term investment?
Whether AES fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
AES
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Daily snapshot
0.7
Trading Metrics:
| Open: | 14.19 | Previous Close: | 14.2 | |
| Day Low: | 14.17 | Day High: | 14.31 | |
| Year Low: | 9.46 | Year High: | 17.65 | |
| Price Avg 50: | 15.01 | Price Avg 200: | 13.82 | |
| Volume: | 5.903M | Average Volume: |
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