AES Corp Stock Research

Market Summary

USD19.87-0.08

Market Closed

-0.40%

AES Alerts

Big fall in earnings (Y/Y)

AES Stock Price

AES RSI Chart

AES Valuation

Market Cap

13.3B

Price/Earnings (Trailing)

-21.35

Price/Sales (Trailing)

1.02

EV/EBITDA

4.79

Price/Free Cashflow

-5.42

AES Price/Sales (Trailing)

AES Profitability

EBT Margin

-1.34%

Return on Equity

-22.4%

Return on Assets

-1.42%

Free Cashflow Yield

-18.44%

AES Fundamentals

AES Revenue

Revenue (TTM)

13.0B

Revenue Y/Y

13.57%

Revenue Q/Q

5.85%

AES Earnings

Earnings (TTM)

-623.0M

Earnings Y/Y

-66.96%

Earnings Q/Q

104.21%

Price Action

52 Week Range

18.3829.61

(Low)(High)

Last 7 days

-4.5%

Last 30 days

-13.2%

Last 90 days

-21.5%

Trailing 12 Months

-8.5%

AES Financial Health

Current Ratio

1.18

AES Investor Care

Dividend Yield

3.22%

Dividend/Share (TTM)

0.64

Shares Dilution (1Y)

0.22%

Diluted EPS (TTM)

-0.82

Peers (Alternatives to AES)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SRE	45.3B	17.2B	-6.79%	-12.05%	19.83	2.64	28.03%	56.19%
D	41.7B	18.1B	-11.15%	-38.68%	32.56	2.3	26.26%	-57.20%
PEG	31.7B	11.2B	-4.67%	-11.68%	30.71	3.23	22.92%	278.74%
AWK	26.7B	3.9B	-3.75%	-2.74%	32.07	6.86	0.10%	-35.40%
AES	13.3B	13.0B	-13.22%	-8.49%	-21.35	1.02	14.49%	-326.71%
NI	11.1B	5.9B	-4.24%	-13.38%	15.61	1.87	13.70%	-0.82%
MID-CAP
VST	9.3B	15.0B	6.44%	-4.96%	-37.94	0.62	25.29%	-150.41%
NEP	6.3B	1.2B	4.20%	-14.70%	16.86	5.57	21.04%	302.53%
ORA	5.1B	735.7M	-0.66%	4.11%	66.33	6.89	8.12%	17.13%
SJW	2.4B	633.7M	-1.31%	26.23%	32.2	3.83	8.66%	32.50%
SMALL-CAP
NOVA	1.9B	653.7M	0.98%	-11.68%	-7.62	2.9	145.56%	-77.43%
MSEX	1.4B	164.4M	5.34%	-5.47%	32.76	8.56	11.99%	-13.27%
UTL	855.9M	590.8M	-9.10%	-5.24%	19.45	1.45	12.08%	13.70%
CDZI	344.0M	1.5M	25.49%	138.25%	-11.63	231.2	162.43%	5.10%
GWRS	284.2M	47.8M	6.26%	-19.14%	51.61	6.35	12.05%	50.22%

Financials for AES

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	3.1%	13,004	12,617	12,327	11,736	11,358
Gross Profit	2.5%	2,612	2,548	2,544	2,412	2,577
S&GA Expenses	1.4%	210	207	185	173	172
EBITDA	15.8%	2,001	1,728	1,654	1,641	-
EBITDA Margin	13.1%	0.16*	0.14*	0.14*	0.14*	-
Earnings Before Taxes	-89.3%	96.00	900	869	899	-
EBT Margin	57.4%	-0.01*	-0.03*	-0.04*	-0.03*	-
Interest Expenses	6.4%	1,189	1,117	1,055	1,021	979
Net Income	-14.1%	-623	-546	-275	-353	-146
Net Income Margin	-94.0%	-0.04*	-0.02*	-0.03*	-0.01*	-
Free Cahsflow	-63.8%	-1,836	-1,121	-613	-344	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	2.6%	39,357	38,363	37,775	36,070	34,648
Current Assets	0%	7,643	7,643	7,628	6,923	6,142
Cash Equivalents	51.2%	2,077	1,374	1,553	1,075	1,056
Inventory	-18.1%	864	1,055	998	871	688
Net PPE	5.1%	24,213	23,039	21,597	20,753	20,453
Goodwill	0%	362	362	1,179	1,179	1,182
Current Liabilities	4.4%	6,776	6,491	5,902	5,989	5,753
Shareholder's Equity	-3.1%	2,362	2,437	3,409	2,995	3,044
Retained Earnings	9.2%	-1,484	-1,635	-732	-1,153	-974
Additional Paid-In Capital	-2.0%	6,557	6,688	6,818	6,924	6,903
Accumulated Depreciation	2.7%	8,882	8,651	8,532	8,387	8,734
Shares Outstanding	0.1%	669	669	668	668	668
Minority Interest	1.6%	2,101	2,067	2,052	1,858	1,670

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	6.2%	2,883	2,715	2,172	2,163	2,106
Cashflow From Investing	-8.1%	-6,307	-5,836	-5,148	-4,489	-3,817
Cashflow From Financing	5.3%	3,956	3,758	3,139	2,039	622
Dividend Payments	1.4%	428	422	416	412	406

Risks for AES

What is the probability of a big loss on AES?

47.3%

Probability that AES stock will be more than 20% underwater in next one year

19.2%

Probability that AES stock will be more than 30% underwater in next one year.

18.5%

Probability that AES stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AES drawdown profile look like?

Y-axis is the maximum loss one would have experienced if AES was unfortunately bought at previous high price.

Drawdowns

Returns for AES

Cumulative Returns on AES

7.9%

10-Year Cumulative Returns

12.1%

7-Year Cumulative Returns

12.9%

5-Year Cumulative Returns

18.2%

3-Year Cumulative Returns

What are the long-term rolling returns for AES?

FIve years rolling returns for AES.

Annualized Returns

Which funds bought or sold AES recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	Toroso Investments, LLC	added	106	297,000	704,000	0.01%
2023-05-23	Front Row Advisors LLC	unchanged	-	-3,000	14,000	0.01%
2023-05-22	PUTNAM INVESTMENTS LLC	added	4.87	-9,951,190	71,632,400	0.12%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-4.2	-118,581,000	481,320,000	0.16%
2023-05-22	Raleigh Capital Management Inc.	new	-	2,384	2,384	-%
2023-05-22	AMERIPRISE FINANCIAL INC	added	145	440,892	821,892	-%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-26.23	-3,278,130	6,078,100	0.01%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-27,206	-	-%
2023-05-18	SkyView Investment Advisors, LLC	new	-	2,000	2,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-4.28	-3,655,000	14,751,000	0.02%

Latest Funds Activity

Are funds buying AES calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AES

No. of Funds

AES Alerts

Big fall in earnings (Y/Y)

AES News

Schedule 13G FIlings of AES

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	capital international investors	11.1%	73,977,262	SC 13G/A
Feb 13, 2023	capital world investors	11.0%	73,734,765	SC 13G/A
Feb 09, 2023	vanguard group inc	12.53%	83,726,923	SC 13G/A
Feb 03, 2023	state street corp	5.08%	33,955,718	SC 13G/A
Jan 31, 2023	blackrock inc.	7.2%	47,900,687	SC 13G/A
Feb 11, 2022	capital world investors	9.0%	60,038,689	SC 13G/A
Feb 11, 2022	capital international investors	11.2%	74,882,130	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 09, 2022	vanguard group inc	12.37%	82,504,796	SC 13G/A
Feb 09, 2022	state street corp	4.98%	33,225,194	SC 13G/A

AES Fair Value

Recent SEC filings of AES

View All Filings

Date Filed	Form Type	Document
May 17, 2023	8-K	Current Report
May 16, 2023	424B2	Prospectus Filed
May 15, 2023	424B2	Prospectus Filed
May 15, 2023	FWP	Prospectus Filed
May 08, 2023	8-K	Current Report
May 08, 2023	8-K	Current Report
May 04, 2023	10-Q	Quarterly Report
May 04, 2023	8-K	Current Report
Apr 24, 2023	8-K	Current Report
Apr 21, 2023	4	Insider Trading

Latest Insider Trading transactions for AES

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-24	Freedman Paul L	acquired	640,140	25.32	25,282	evp, gc and corp. secretary
2023-02-24	Da Santos Bernerd	acquired	1,146,290	25.32	45,272	evp and coo
2023-02-24	Gluski Andres	sold (taxes)	-2,930,360	25.32	-115,733	president and ceo
2023-02-24	Gluski Andres	acquired	7,092,710	25.32	280,123	president and ceo
2023-02-24	Da Santos Bernerd	sold (taxes)	-428,617	25.32	-16,928	evp and coo
2023-02-24	Mendoza Tish	sold (taxes)	-247,300	25.32	-9,767	evp & chief hr officer
2023-02-24	Kohan Sherry	acquired	241,831	25.32	9,551	svp & chief accounting officer
2023-02-24	Mendoza Tish	acquired	742,256	25.32	29,315	evp & chief hr officer
2023-02-24	Rubiolo Juan Ignacio	acquired	1,347,400	25.32	53,215	evp, president int. businesses
2023-02-24	Coughlin Stephen	sold (taxes)	-42,461	25.32	-1,677	evp and cfo

About AES

www.aes.com

8450

AES Indiana operates as a regulated electric utility. The company generates, transmits, distributes, and sells electric energy to approximately 516,000 residential, commercial, and industrial customers in the city of Indianapolis, as well as neighboring cities, towns, communities, and adjacent rural areas within the state of Indiana. It owns and operates four generating stations, including a coal-fired station in Petersburg; the natural gas and fuel oil station in Harding Street; a combined cycle gas turbine natural gas plant in Eagle Valley; and the small peaking station that uses natural gas in Georgetown. The company was formerly known as Indianapolis Power & Light Company and changed its name to AES Indiana in February 2021. The company was incorporated in 1926 and is based in Indianapolis, Indiana. AES Indiana is a subsidiary of IPALCO Enterprises, Inc.

AES Income Statement

2023-03-31

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Total Revenue	$ 3,239	$ 2,852
Cost of Goods and Services Sold	(2,645)	(2,322)
Operating margin	594	530
General and administrative expenses	(55)	(52)
Interest expense	(330)	(258)
Interest income	123	75
Loss on extinguishment of debt	(1)	(6)
Other expense	(14)	(12)
Other income	10	6
Gain on disposal and sale of business interests	0	1
Asset impairment expense	(20)	(1)
Foreign currency transaction gains (losses)	(42)	(19)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES	265	264
Income tax expense	(72)	(60)
Net equity in losses of affiliates	(4)	(33)
NET INCOME	189	171
Less: Net income attributable to noncontrolling interests and redeemable stock of subsidiaries	(38)	(56)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION	$ 151	$ 115
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax	$ 0.22	$ 0.17
Income from continuing operations, net of tax	$ 151	$ 115
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax	$ 0.21	$ 0.16
Earnings Per Share, Basic	0.22	0.17
Earnings Per Share, Diluted	$ 0.21	$ 0.16
DILUTED SHARES OUTSTANDING	712	711
BASIC EARNINGS PER SHARE:
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS	$ 0.22	$ 0.17
DILUTED EARNINGS PER SHARE:
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS	$ 0.21	$ 0.16
DILUTED SHARES OUTSTANDING	712	711
Electric Transmission [Member]
Total Revenue	$ 952	$ 835
Cost of Goods and Services Sold	(848)	(705)
Electricity, Generation [Member]
Total Revenue	2,287	2,017
Cost of Goods and Services Sold	$ (1,797)	$ (1,617)

AES Balance Sheet

2023-03-31

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 1,441,000,000	$ 1,374,000,000
Restricted cash	456,000,000	536,000,000
Short-term investments	822,000,000	730,000,000
Accounts receivable, net of allowance for doubtful accounts of $5 and $5, respectively	1,859,000,000	1,799,000,000
Inventory	864,000,000	1,055,000,000
Prepaid expenses	167,000,000	98,000,000
Other current assets	1,523,000,000	1,533,000,000
Current held-for-sale assets	511,000,000	518,000,000
Total current assets	7,643,000,000	7,643,000,000
Property, Plant and Equipment:
Land	477,000,000	470,000,000
Electric generation, distribution assets and other	27,054,000,000	26,599,000,000
Accumulated depreciation	(8,882,000,000)	(8,651,000,000)
Construction in progress	5,564,000,000	4,621,000,000
Property, plant and equipment, net	24,213,000,000	23,039,000,000
Other Assets:
Investments in and advances to affiliates	768,000,000	952,000,000
Debt service reserves and other deposits	180,000,000	177,000,000
Goodwill	362,000,000	362,000,000
Other intangible assets, net of accumulated amortization of $455 and $434, respectively	1,862,000,000	1,841,000,000
Deferred income taxes	324,000,000	319,000,000
Loan receivable, net of allowance	1,044,000,000	1,051,000,000
Other noncurrent assets, net of allowance of $46 and $51, respectively	2,961,000,000	2,979,000,000
Total other assets	7,501,000,000	7,681,000,000
TOTAL ASSETS	39,357,000,000	38,363,000,000
CURRENT LIABILITIES
Accounts payable	1,505,000,000	1,730,000,000
Accrued interest	296,000,000	249,000,000
Accrued non-income taxes	289,000,000	249,000,000
Accrued and other liabilities	2,103,000,000	2,151,000,000
Recourse debt current	500,000,000	0
Non-recourse debt, including $314 and $416, respectively, related to variable interest entities	1,737,000,000	1,758,000,000
Current held-for-sale liabilities	346,000,000	354,000,000
Total current liabilities	6,776,000,000	6,491,000,000
NONCURRENT LIABILITIES
Recourse debt	4,081,000,000	3,894,000,000
Non-recourse debt, including $2,413 and $2,295, respectively, related to variable interest entities	18,513,000,000	17,846,000,000
Deferred income taxes	1,110,000,000	1,139,000,000
Other noncurrent liabilities	3,131,000,000	3,168,000,000
Total noncurrent liabilities	26,835,000,000	26,047,000,000
Redeemable Noncontrolling Interest, Equity, Carrying Amount	1,283,000,000	1,321,000,000
THE AES CORPORATION STOCKHOLDERS’ EQUITY
Preferred Stock, Value, Issued	838,000,000	838,000,000
Common Stock, Value, Issued	8,000,000	8,000,000
Additional paid-in capital	6,557,000,000	6,688,000,000
Accumulated deficit	(1,484,000,000)	(1,635,000,000)
Accumulated other comprehensive loss	(1,742,000,000)	(1,640,000,000)
Treasury Stock, Value	(1,815,000,000)	(1,822,000,000)
Total AES Corporation stockholders’ equity	2,362,000,000	2,437,000,000
NONCONTROLLING INTERESTS	2,101,000,000	2,067,000,000
Total equity	4,463,000,000	4,504,000,000
TOTAL LIABILITIES AND EQUITY	$ 39,357,000,000	$ 38,363,000,000
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Shares Issued	1,043,050	1,043,050
Common stock, shares authorized (in shares)	1,200,000,000	1,200,000,000
Common stock, shares outstanding (in shares)	669,335,716	668,743,464
Common stock, shares issued (in shares)	818,808,272	818,790,001
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Outstanding	1,043,050	1,043,050
Treasury Stock, Common, Shares	149,472,556	150,046,537