AES · The AES Corporation

$14.672026-07-21

Sector: Utilities; Industry: Independent Power Producers; Sub-Industry: Independent Power Producers & Energy Traders

Intrinsic Value Range Comparison · Mulya.ai

Bull

$30

+102.7% vs market

Base · active

$0

-241.6% vs market

Bear

$0

-245.9% vs market

Mulya.ai vs Analyst IV Comparison?

Bear $-21

Base $-21

Market $15

Median $16

Bull $30

Market Price $15

Mulya.ai Base $-21

Analysts Median $16

Mulya.ai IV range ($-21 · $30)

Analysts Range ($16 · $23)

Fundamentals · historical + forward · base

italics = DCF projection

Period	Revenue	Rev Gr ?	Ops M% ?	Tax Rate ?	NOPAT ?	Reinvest ?	FCFF ?	WACC% ?	PV FCFF ?	ROIC ?	Inv. Cap ?	EPS ?	P/E
2024.Q1	$12.7B	—	17.8%	45.0%	$1.2B	−$5.8B	−$4.6B	9.2%	—	4.1%	$30.1B	$0.34	—
2024.Q4	$12.7B	0.0%	17.8%	6.2%	$2.1B	−$4.6B	−$2.4B	10.6%	—	6.9%	$31.1B	$0.34	—
2025.Q1	$12.3B	-3.1%	16.5%	14.4%	$1.7B	−$2.8B	−$1.1B	10.9%	—	5.5%	$32.2B	$2.36	—
2025.Q4	$12.3B	0.0%	16.5%	45.0%	$1.1B	−$1.9B	−$780MM	7.3%	—	3.4%	$33.9B	$2.36	—
2026.Q1	$12.5B	1.7%	16.5%	28.0%	$1.5B	−$2.3B	−$837MM	10.4%	—	4.4%	$33.8B	$1.87	5.1
italics below = DCF projection · 10yr Rev CAGR: 4.2%
2027.Q1	$13.0B	+4.2%	16.5%	27.2%	$1.6B	−$1.5B	$73MM	10.3%	$66MM	4.5%	$35.3B	$2.18	6.7
2028.Q1	$13.6B	+4.7%	16.9%	26.4%	$1.7B	−$1.7B	−$28MM	10.1%	−$23MM	4.7%	$37.0B	$2.37	6.2
2029.Q1	$14.2B	+4.3%	17.3%	25.6%	$1.8B	−$1.6B	$209MM	9.9%	$157MM	4.8%	$38.6B	$2.56	5.7
2030.Q1	$14.8B	+4.2%	17.8%	24.8%	$2.0B	−$2.1B	−$107MM	9.8%	−$73MM	5.0%	$40.7B	$2.77	5.3
2031.Q1	$15.4B	+4.2%	18.6%	24.0%	$2.2B	−$2.1B	$65MM	9.6%	$40MM	5.2%	$42.8B	$3.05	4.8

Term. Yr+	$19.6B	4.1%	18.6%	20.0%	$2.9B	−$1.4B	$1.5B	8.6%	$13.7B	8.6%	—	—	—

Active scenario IV: $0 (-241.6% vs market)