AES

NYSE

AES CORP

Utilities, Independent Power Producers & Energy Traders

$14.73

close 7 Aug 2026

+15.08%

52-week change

$10.50B

market cap

$12.33

$17.65

52-week range

Expected price

$24.75 – $30.25

Current price

$14.73

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)5.62x

P/S (TTM)0.80x

P/B2.13x

EV/EBITDA (TTM)—

FCF yield (TTM)-16.37%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average16.26x

P/E, sector median21.33x*

Price at 5-year median P/E$27.13*

Indicated dividend yield4.78%

Forward — analyst consensus

Forward P/E (FY2026)7.29x*

Forward P/E (FY2027)6.20x

Forward PEG0.41*

Consensus EPS FY2026 (1 analysts)$2.02

EPS growth (FY2026→FY2027)17.71%

Revenue growth (FY2026)17.16%

Street view

Price target (mean)$15.00*

Target upside1.83%

Ratings (buy / hold / sell)0 / 10 / 0

FY2026 EPS revisions, 30d (up / down)0 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 4 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$14.73

Cash & equivalents$1.80B

Total debt—

Shares outstanding713.16M

Result

DCF price per share—

Current price$14.73

Margin of safety—

PV of years 1–10-$14.78B

PV of terminal value-$24.18B

Equity value—

Market-implied growth—

The base free cash flow is not positive; growing a negative flow is rarely a meaningful valuation.

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	-$1.81B	-$1.90B	-$1.99B	-$2.09B	-$2.20B	-$2.30B	-$2.42B	-$2.54B	-$2.67B	-$2.80B	-$52.21B
PV	-$1.67B	-$1.63B	-$1.58B	-$1.54B	-$1.49B	-$1.45B	-$1.41B	-$1.37B	-$1.33B	-$1.30B	-$24.18B

period to 30 Jun 2026, filed 4 Aug 2026, close 7 Aug 2026