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Investlytic score: 1/5 criteria met. Data as of 01/11/2026.
- ❌ Price trend failed
- ⚠️ Mixed growth
- ❌ Debt failed
- ✅ P/E passed
- ❌ Correction failed
Price trend
Overall trend (8 years): insufficient progression (less than x1.5).
Price change 2018 → 2019: 37.62%
Price change 2019 → 2020: 18.09%
Price change 2020 → 2021: 3.40%
Price change 2021 → 2022: 18.35%
Price change 2022 → 2023: -33.07%
Price change 2023 → 2024: -33.14%
Price change 2024 → 2025: 11.42%
Price change 2025 → 2026: 3.42%
Price change 2026 (year to date): 0.07%
Financial growth
Revenue CAGR (8 years): 1.87%
Earnings CAGR (8 years): -0.80%
Growth status: positive trend (>1%/yr) in revenue OR earnings, but not both.
Debt
Debt-to-equity ratio: 4.40
Debt/equity > 0.5 (maximum threshold).
P/E (Price/Earnings)
P/E ratio: 5.61
P/E < 25.0 (maximum threshold).
Correction (6 months)
Current correction: 1.46% from the high over 6 months.
Insufficient correction (< 10.0%).
Criteria of the Investlytic model
- / 5Free with the Investlytic logo. Paste this line into your page: options.
<script src="https://investlytic.co/encart.js" data-symbole="AES" data-lang="en"></script>Price trend
Price & trend
Interactive chart →💰 Dividend
Dividend ranking →⚖️ Comparison with the market
All stocks →| Stock | P/E | Dette/FP | Revenue growth | Rating |
|---|---|---|---|---|
| The AES Corporation | 5.6 | 4.40 | −2.0 % | 🔒 |
| Bkw AG | 17.5 | 0.33 | +3.0 % | ★ 4/5 |
| Atmos Energy Corporation | 20.5 | 0.69 | −0.0 % | – |
| Ameren Corporation | 21.1 | 1.48 | +0.9 % | – |
| Vistra Corp. | 23.2 | 3.99 | +9.2 % | – |
Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.
Detailed analysis · Price trend
-
Revenues & profits
Revenue and net income
Financial indicators
Annual financial statements
| Fiscal year | Revenue | Net income | Net margin | EPS | Revenue growth |
|---|
Key reported figures
Revenue, net income and net margin reported by The AES Corporation over the latest fiscal years.
| Fiscal year | Revenue | Net income | Net margin | Revenue growth |
|---|---|---|---|---|
| 2020 | 9.7 bn | 43.0 m | 0.5 % | n/a |
| 2021 | 11.1 bn | -413 m | -3.7 % | +15.3 % |
| 2022 | 12.6 bn | -546 m | -4.3 % | +13.2 % |
| 2023 | 12.7 bn | 242 m | 1.9 % | +0.5 % |
| 2024 | 12.3 bn | 1.7 bn | 13.7 % | -3.1 % |
| 2025 | 12.2 bn | 949 m | 7.8 % | -0.4 % |
Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.
Accounts and financial health
Balance sheet and cash flow published by The AES Corporation over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and investments | 1.2 bn | 2.1 bn | 1.8 bn | 1.6 bn | 2.2 bn |
| Total Debt | 18.7 bn | 23.5 bn | 26.9 bn | 29.0 bn | 30.3 bn |
| Net Debt | 17.8 bn | 22.1 bn | 25.5 bn | 27.5 bn | 28.3 bn |
| Equity | 2.8 bn | 2.4 bn | 2.5 bn | 3.6 bn | 6.9 bn |
| Total assets | 33.0 bn | 38.4 bn | 44.8 bn | 47.4 bn | 51.8 bn |
| Operating cash flow | 1.9 bn | 2.7 bn | 3.0 bn | 2.8 bn | 4.3 bn |
| Investments (capex) | 2.1 bn | 4.6 bn | 7.7 bn | 7.4 bn | 5.9 bn |
| Free cash-flow | -214 m | -1.8 bn | -4.7 bn | -4.6 bn | -1.6 bn |
| Share buybacks | 0 | 0 | 0 | 0 | 0 |
| Dividends paid | 401 m | 422 m | 444 m | 483 m | 501 m |
Amounts in USD, currency of the published accounts.
Trailing 12-month ratios
Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.
Valuation and competitors
The AES Corporation compared with its sector on the same exchange and with its main competitors.
Direct competitors
| Company | Market cap (USD) | P/E | Net margin |
|---|---|---|---|
| The AES Corporation | 10.6 bn | 5.6 | 7.8 % |
| American Electric Power Company, Inc. AEP | 68.9 bn | 19.7 | 16.4 % |
| Xcel Energy Inc. XEL | 51.1 bn | 18.4 | 13.8 % |
| Dominion Energy, Inc. D | 60.3 bn | 19.9 | 18.2 % |
| WEC Energy Group, Inc. WEC | 38.1 bn | 20.6 | 15.9 % |
| Exelon Corporation EXC | 47.2 bn | 16.6 | 11.4 % |
| Entergy Corporation ETR | 52.8 bn | 28.0 | 13.7 % |
| NextEra Energy, Inc. NEE | 182 bn | 22.9 | 24.9 % |
| OGE Energy Corp. OGE | 10.5 bn | 19.1 | 14.4 % |
| Sector median (NYSE) | 19.6 |
Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on . Competitors: comparable companies named by the data provider.
Analyst consensus and forecasts
What the financial analysts covering The AES Corporation publish: ratings, price targets and earnings forecasts.
Breakdown of ratings
Analyst forecasts
| Fiscal year | Revenue | Net income | Expected EPS (range) | P/E on this EPS | Analysts |
|---|---|---|---|---|---|
| 2026 | 12.8 bn | 1.6 bn | 2.28 (1.92 / 2.64) | 6.5 | 3 |
| 2027 | 13.2 bn | 1.7 bn | 2.43 (2.21 / 2.65) | 6.1 | 4 |
| 2028 | 13.7 bn | 1.8 bn | 2.61 (2.37 / 2.86) | 5.7 | 3 |
Amounts in USD, the reporting currency.
Track record against expectations: reported EPS above consensus 10 times over the last 12 releases.
Rating changes (12 months)
| Date | Firm | Before | After |
|---|---|---|---|
| 07/05/2026 | Barclays | Equal Weight | Equal Weight |
| 09/04/2026 | Susquehanna | Positive | Neutral |
| 26/03/2026 | Argus Research | Buy | Hold |
| 06/03/2026 | Morgan Stanley | Overweight | Equal Weight |
| 03/03/2026 | Mizuho | Outperform | Neutral |
Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee.
Who owns the stock
Free float, institutional investors, large funds, executives and elected officials: declared positions in The AES Corporation.
Indices: S&P 500 (since 02/10/1998).
Large funds tracked
| Fund | Shares | Value (USD) | Weight in the fund | Change | Quarter |
|---|---|---|---|---|---|
| Vanguard Group | 88.6 m | 1.3 bn | 0.0 % | +1.4 % | 2025Q4 |
| State Street | 85.8 m | 1.3 bn | 0.0 % | +99.6 % | 2026Q2 |
| BlackRock | 49.3 m | 722 m | 0.0 % | +4.5 % | 2026Q2 |
| Citadel Advisors | 27.4 m | 402 m | 0.1 % | +1,138.4 % | 2026Q2 |
| Geode Capital Management | 25.1 m | 368 m | 0.0 % | +2.5 % | 2026Q2 |
| Millennium Management | 21.3 m | 312 m | 0.2 % | +114.6 % | 2026Q2 |
| Morgan Stanley | 21.0 m | 308 m | 0.0 % | -13.6 % | 2026Q2 |
| Invesco | 18.5 m | 272 m | 0.0 % | +1.6 % | 2026Q2 |
Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 08/11/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.
PEA and practical information
Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.
Frequently asked questions about The AES Corporation
What is the The AES Corporation share price?
Latest recorded price: 14.87 USD on 06/11/2026, for a market cap of 10.6 bn USD.
What is the revenue of The AES Corporation?
12.2 bn USD for fiscal year 2025, with net income of 949 m USD (net margin 7.8 %).
When does The AES Corporation report its next earnings?
The next release is expected on 01/03/2027. EPS expected by analysts: 0.58.
What do analysts say about The AES Corporation?
Out of 21 analysts: 9 buy or strong buy, 12 hold, 0 sell or strong sell. Average price target: 18.75 USD, i.e. +26.4 % from the share price.
What is the P/E ratio of The AES Corporation?
Trailing 12-month P/E of 5.6, against 19.6 for the sector median on the same exchange (10-year median: 21.5).
Is The AES Corporation stock eligible for the French PEA?
No: the company is headquartered outside the European Union and the European Economic Area (ISIN US00130H1059).
How many employees does The AES Corporation have?
9,100 full-time employees according to the latest published profile.
Who runs The AES Corporation?
Andres Ricardo Gluski Weilert is the company's chief executive.
Which large funds own The AES Corporation?
As of 2026Q2, among the large funds tracked: Vanguard Group, State Street, BlackRock, Citadel Advisors, Geode Capital Management.