AES · The AES Corporation

$14.302026-05-17

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

Intrinsic Value Range Comparison · Mulya.ai

Bull

$0

-97.1% vs market

Base · active

$0

-247.2% vs market

Bear

$0

-228.0% vs market

Mulya.ai vs Analyst IV Comparison?

Bear $-18

Base $-21

Bull $0

Market $14

Median $16

Market Price $14

Mulya.ai Base $-21

Analysts Median $16

Mulya.ai IV range ($-18 · $0)

Analysts Range ($15 · $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
2021.Q4	$11.1B	—	22.9%	12.2%	$2.2B	−$2.9B	−$693MM	7.4%	—	11.0%	$20.3B	$-0.58	—
2022.Q4	$12.6B	13.2%	18.6%	0.0%	$4.9B	−$3.9B	$1.0B	14.4%	—	22.3%	$23.8B	$-0.76	—
2023.Q4	$12.7B	0.5%	17.8%	45.0%	$1.2B	−$4.7B	−$3.4B	6.7%	—	4.8%	$27.5B	$0.34	—
2024.Q4	$12.3B	-3.1%	16.5%	6.2%	$1.9B	−$4.6B	−$2.7B	10.6%	—	6.5%	$31.1B	$2.36	—
2025.Q4	$12.2B	-0.4%	15.0%	45.0%	$1.0B	−$1.9B	−$886MM	7.3%	—	3.1%	$33.9B	$1.26	5.6
italics below = DCF projection · 10yr Rev CAGR: 3.3%
2026.Q4	$12.4B	+1.7%	15.0%	42.5%	$1.1B	−$1.5B	−$415MM	9.8%	−$378MM	3.1%	$35.3B	$1.50	9.5
2027.Q4	$12.8B	+2.9%	15.7%	40.0%	$1.2B	−$1.7B	−$482MM	9.6%	−$401MM	3.3%	$37.0B	$1.69	8.5
2028.Q4	$13.2B	+3.1%	16.4%	37.5%	$1.4B	−$1.4B	−$7MM	9.5%	−$5MM	3.6%	$38.4B	$1.90	7.5
2029.Q4	$13.6B	+3.2%	17.2%	35.0%	$1.5B	−$2.3B	−$735MM	9.4%	−$510MM	3.9%	$40.7B	$2.13	6.7
2030.Q4	$14.1B	+3.4%	18.6%	32.5%	$1.8B	−$2.1B	−$315MM	9.3%	−$200MM	4.2%	$42.7B	$2.48	5.8

Term. Yr+	$17.7B	4.1%	18.6%	20.0%	$2.6B	−$1.3B	$1.4B	8.6%	$12.6B	8.6%	—	—	—

Active scenario IV: $0 (-247.2% vs market)