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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.11
AES's Cash to Debt is ranked higher than
69% of the 902 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 0.20 vs. AES: 0.11 )
AES' s 10-Year Cash to Debt Range
Min: 0.05   Max: 0.25
Current: 0.11

0.05
0.25
Equity to Asset 0.11
AES's Equity to Asset is ranked higher than
54% of the 913 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 0.34 vs. AES: 0.11 )
AES' s 10-Year Equity to Asset Range
Min: -0.01   Max: 0.24
Current: 0.11

-0.01
0.24
Interest Coverage 2.04
AES's Interest Coverage is ranked higher than
60% of the 556 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 3.47 vs. AES: 2.04 )
AES' s 10-Year Interest Coverage Range
Min: 0.69   Max: 2.36
Current: 2.04

0.69
2.36
F-Score: 6
Z-Score: 0.85
M-Score: -2.42
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 16.90
AES's Operating margin (%) is ranked higher than
83% of the 934 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 13.25 vs. AES: 16.90 )
AES' s 10-Year Operating margin (%) Range
Min: 16.22   Max: 43.53
Current: 16.9

16.22
43.53
Net-margin (%) 2.12
AES's Net-margin (%) is ranked higher than
64% of the 934 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 7.84 vs. AES: 2.12 )
AES' s 10-Year Net-margin (%) Range
Min: -48.22   Max: 18.76
Current: 2.12

-48.22
18.76
ROE (%) 8.13
AES's ROE (%) is ranked higher than
75% of the 931 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 8.72 vs. AES: 8.13 )
AES' s 10-Year ROE (%) Range
Min: -443.14   Max: 42.84
Current: 8.13

-443.14
42.84
ROA (%) 0.89
AES's ROA (%) is ranked higher than
63% of the 940 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 2.92 vs. AES: 0.89 )
AES' s 10-Year ROA (%) Range
Min: -9.97   Max: 5.03
Current: 0.89

-9.97
5.03
ROC (Joel Greenblatt) (%) 11.09
AES's ROC (Joel Greenblatt) (%) is ranked higher than
84% of the 938 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 8.53 vs. AES: 11.09 )
AES' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 6.04   Max: 32.65
Current: 11.09

6.04
32.65
Revenue Growth (3Y)(%) 1.30
AES's Revenue Growth (3Y)(%) is ranked higher than
70% of the 817 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 4.20 vs. AES: 1.30 )
AES' s 10-Year Revenue Growth (3Y)(%) Range
Min: -1   Max: 46.6
Current: 1.3

-1
46.6
EBITDA Growth (3Y)(%) -4.50
AES's EBITDA Growth (3Y)(%) is ranked higher than
67% of the 789 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 2.20 vs. AES: -4.50 )
AES' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 55.3
Current: -4.5

0
55.3
EPS Growth (3Y)(%) -15.50
AES's EPS Growth (3Y)(%) is ranked higher than
63% of the 692 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 3.80 vs. AES: -15.50 )
AES' s 10-Year EPS Growth (3Y)(%) Range
Min: -42.9   Max: 61.9
Current: -15.5

-42.9
61.9
» AES's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

AES Guru Trades in Q4 2013

David Dreman 4,456 sh (New)
Paul Tudor Jones 27,117 sh (New)
Steven Cohen 110,149 sh (+326.09%)
Brian Rogers 7,750,000 sh (unchged)
PRIMECAP Management Sold Out
Mario Gabelli 776,500 sh (-5.49%)
Chris Davis 416,466 sh (-9.02%)
» More
Q1 2014

AES Guru Trades in Q1 2014

Joel Greenblatt 241,736 sh (New)
Jim Simons 48,900 sh (New)
Steven Cohen 194,440 sh (+76.52%)
Paul Tudor Jones 38,248 sh (+41.05%)
David Dreman 4,533 sh (+1.73%)
Mario Gabelli 789,500 sh (+1.67%)
Brian Rogers 7,750,000 sh (unchged)
Chris Davis 416,466 sh (unchged)
» More
Q2 2014

AES Guru Trades in Q2 2014

Pioneer Investments 11,385 sh (New)
Louis Moore Bacon 27,379 sh (New)
Jim Simons 2,152,639 sh (+4302.12%)
Chris Davis 416,466 sh (unchged)
Brian Rogers 7,750,000 sh (unchged)
Joel Greenblatt Sold Out
David Dreman Sold Out
Paul Tudor Jones 37,226 sh (-2.67%)
Mario Gabelli 728,500 sh (-7.73%)
» More
Q3 2014

AES Guru Trades in Q3 2014

David Dreman 9,904 sh (New)
Mario Gabelli 787,500 sh (+8.1%)
Chris Davis 417,306 sh (+0.2%)
Brian Rogers 7,750,000 sh (unchged)
Pioneer Investments Sold Out
Paul Tudor Jones Sold Out
Louis Moore Bacon Sold Out
Jim Simons 708,700 sh (-67.08%)
» More
» Details

Insider Trades

Latest Guru Trades with AES

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
David Dreman 2014-09-30 New Buy0.01%$14.15 - $15.49 $ 13.5-9%9904
Joel Greenblatt 2014-06-30 Sold Out 0.05%$13.58 - $15.53 $ 13.5-6%0
David Dreman 2014-06-30 Sold Out 0.01%$13.58 - $15.53 $ 13.5-6%0
Joel Greenblatt 2014-03-31 New Buy0.05%$13.61 - $14.76 $ 13.5-4%241736
David Dreman 2013-12-31 New Buy$13.22 - $15.31 $ 13.5-5%4456
PRIMECAP Management 2013-12-31 Sold Out $13.22 - $15.31 $ 13.5-5%0
PRIMECAP Management 2013-09-30 Reduce -93.46%0.03%$11.81 - $13.651 $ 13.55%139998
Ray Dalio 2013-09-30 Sold Out $11.81 - $13.651 $ 13.55%0
Ray Dalio 2013-06-30 New Buy$11.41 - $13.96 $ 13.56%45500
Ken Fisher 2013-06-30 Sold Out $11.41 - $13.96 $ 13.56%0
Ray Dalio 2013-03-31 Sold Out 0.08%$10.7 - $12.68 $ 13.517%0
PRIMECAP Management 2013-03-31 Reduce -21.9%0.01%$10.7 - $12.68 $ 13.517%2140000
Ken Fisher 2013-03-31 New Buy$10.7 - $12.68 $ 13.517%19524
Brian Rogers 2012-12-31 Add 78.57%0.13%$9.72 - $11.15 $ 13.528%6250000
PRIMECAP Management 2012-12-31 Reduce -46.03%0.04%$9.72 - $11.15 $ 13.528%2740000
Ray Dalio 2012-12-31 Add 52.21%0.03%$9.72 - $11.15 $ 13.528%759475
Brian Rogers 2012-09-30 New Buy0.17%$10.89 - $12.84 $ 13.514%3500000
PRIMECAP Management 2012-09-30 Reduce -52.57%0.12%$10.89 - $12.84 $ 13.514%5077098
Ray Dalio 2012-06-30 New Buy0.09%$11.8 - $13.23 $ 13.59%456787
Joel Greenblatt 2012-03-31 Sold Out 0.02%$12.03 - $13.82 $ 13.512%0
Ray Dalio 2012-03-31 Sold Out 0.0034%$12.03 - $13.82 $ 13.512%0
Joel Greenblatt 2011-12-31 New Buy0.02%$9.44 - $12.12 $ 13.520%12522
Ray Dalio 2011-12-31 Reduce -70.99%0.01%$9.44 - $12.12 $ 13.520%17000
Mario Gabelli 2011-09-30 Add 34.66%0.02%$9.6 - $13.13 $ 13.520%713000
Joel Greenblatt 2011-09-30 Sold Out 0.019%$9.6 - $13.13 $ 13.520%0
Ray Dalio 2011-09-30 New Buy0.01%$9.6 - $13.13 $ 13.520%58600
Premium More recent guru trades are included for Premium Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 27.80
AES's P/E(ttm) is ranked higher than
72% of the 985 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 20.50 vs. AES: 27.80 )
AES' s 10-Year P/E(ttm) Range
Min: 2.86   Max: 341.84
Current: 27.8

2.86
341.84
P/B 2.20
AES's P/B is ranked higher than
71% of the 985 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 1.61 vs. AES: 2.20 )
AES' s 10-Year P/B Range
Min: 0.87   Max: 12.14
Current: 2.2

0.87
12.14
P/S 0.59
AES's P/S is ranked higher than
91% of the 985 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 1.60 vs. AES: 0.59 )
AES' s 10-Year P/S Range
Min: 0.24   Max: 1.44
Current: 0.59

0.24
1.44
EV-to-EBIT 11.09
AES's EV-to-EBIT is ranked higher than
92% of the 985 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 18.35 vs. AES: 11.09 )
AES' s 10-Year EV-to-EBIT Range
Min: 7.1   Max: 13.1
Current: 11.09

7.1
13.1
Shiller P/E 107.02
AES's Shiller P/E is ranked higher than
72% of the 985 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 24.26 vs. AES: 107.02 )
AES' s 10-Year Shiller P/E Range
Min: 11.36   Max: 310.6
Current: 107.02

11.36
310.6
Current Ratio 1.12
AES's Current Ratio is ranked higher than
78% of the 931 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 1.06 vs. AES: 1.12 )
AES' s 10-Year Current Ratio Range
Min: 0.49   Max: 4.05
Current: 1.12

0.49
4.05
Quick Ratio 1.01
AES's Quick Ratio is ranked higher than
80% of the 931 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 0.93 vs. AES: 1.01 )
AES' s 10-Year Quick Ratio Range
Min: 0.45   Max: 3.84
Current: 1.01

0.45
3.84

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.48
AES's Dividend Yield is ranked lower than
80% of the 825 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 3.16 vs. AES: 1.48 )
AES' s 10-Year Dividend Yield Range
Min: 0.36   Max: 1.43
Current: 1.48

0.36
1.43
Dividend Payout 0.33
AES's Dividend Payout is ranked higher than
85% of the 985 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 0.69 vs. AES: 0.33 )
AES' s 10-Year Dividend Payout Range
Min: 0.08   Max: 0.44
Current: 0.33

0.08
0.44
Yield on cost (5-Year) 1.50
AES's Yield on cost (5-Year) is ranked lower than
75% of the 831 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 3.41 vs. AES: 1.50 )
AES' s 10-Year Yield on cost (5-Year) Range
Min: 0.36   Max: 1.44
Current: 1.5

0.36
1.44
Share Buyback Rate 1.10
AES's Share Buyback Rate is ranked higher than
93% of the 612 Companies
in the Global Utilities - Diversified industry.

( Industry Median: -1.60 vs. AES: 1.10 )
AES' s 10-Year Share Buyback Rate Range
Min: 4.9   Max: -34.7
Current: 1.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.65
AES's Price/Tangible Book is ranked higher than
68% of the 985 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 2.34 vs. AES: 3.65 )
AES' s 10-Year Price/Tangible Book Range
Min: 1.52   Max: 124.88
Current: 3.65

1.52
124.88
Price/DCF (Projected) 1.39
AES's Price/DCF (Projected) is ranked higher than
88% of the 985 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 3.47 vs. AES: 1.39 )
AES' s 10-Year Price/DCF (Projected) Range
Min: 0.49   Max: 155.09
Current: 1.39

0.49
155.09
Price/Median PS Value 0.90
AES's Price/Median PS Value is ranked higher than
86% of the 985 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 1.06 vs. AES: 0.90 )
AES' s 10-Year Price/Median PS Value Range
Min: 0.27   Max: 9.94
Current: 0.9

0.27
9.94
Price/Graham Number 1.53
AES's Price/Graham Number is ranked higher than
78% of the 985 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 1.61 vs. AES: 1.53 )
AES' s 10-Year Price/Graham Number Range
Min: 0.4   Max: 9.15
Current: 1.53

0.4
9.15
Earnings Yield (Greenblatt) 9.00
AES's Earnings Yield (Greenblatt) is ranked higher than
91% of the 919 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 5.80 vs. AES: 9.00 )
AES' s 10-Year Earnings Yield (Greenblatt) Range
Min: 7.6   Max: 14.1
Current: 9

7.6
14.1
Forward Rate of Return (Yacktman) -4.31
AES's Forward Rate of Return (Yacktman) is ranked higher than
66% of the 673 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 4.17 vs. AES: -4.31 )
AES' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -18.3   Max: 22.8
Current: -4.31

-18.3
22.8

Business Description

Industry: Utilities - Regulated » Utilities - Diversified
Compare:GDFZY, NWE, ENLAY, EONGY, ECIFY » details
Traded in other countries:AES.Germany,
The AES Corporation was incorporated in Delaware in 1981. The Company is a power generation and utility company. It is organized into six market-oriented Strategic Business Units ("SBUs"): US, Andes, Brazil, MCAC, EMEA and Asia. Within its six SBUs, the Company has two lines of business. The first business line is generation, where it owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The second business line is utilities, where it owns and/or operates utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area. The Company generation business line generates and sells electricity on the wholesale market. It owns & operates a generation portfolio of approximately 29,289 MW, excluding the generation capabilities of its integrated utilities. The Company sells electricity under medium- or long-term contracts ("contract sales") or under short-term agreements in competitive markets ("short-term sales"). It also stores approximately more than 170 MW of battery-based grid resources in commercial operation, primarily in the U.S. and Chile. The Company's Utilities business line distributes power to approximately more than 11 million people in four countries. Its businesses also include generation capacity totaling 7,870 MW (7,458 proportional MW) and has a variety of structures, ranging from integrated utility to pure transmission and distribution businesses. Its utilities sell electricity directly to end-users, such as homes and businesses, and bill customers directly. It owns and operates all of the businesses and facilities necessary to generate, transmit and distribute electricity. As of December 31st, 2013, the Company's United States SBU has 14 generation facilities and two integrated utilities in the United States; its Andes SBU has generation facilities in three countries — Chile, Colombia and Argentina; its Brazil SBU has generation and distribution facilities; its MCAC SBU has a portfolio of distribution businesses and generation facilities, including renewable energy, in five countries; Dominican Republic, Panama, Mexico, Puerto Rico and El Salvador, with a total capacity of 3,140 MW and distribution networks serving 1.3 million customers as of December 31, 2013; its EMEA SBU has generation facilities in eight countries and a distribution utility in one country; including Bulgaria, United Kingdom and Kazakhstan; and its Asia SBU has generation facilities in four countries, which includes Philippines, India, Vietnam and Sri Lanka. It also develops and constructs new generation facilities .The Company faces competition in the regulated electric business from the on-site generation of industrial customers. The Company is subject to various international, federal, state, and local regulations in all of its mark
» More Articles for AES

Headlines

Articles On GuruFocus.com
AES Corporation with Significant Earnings Per Share Improvement Nov 21 2014 
AES Corporation Reduces Its Risk Oct 23 2014 
Promising Regions and Projects for AES Corporation Jul 25 2014 
Is There Some 'Light' in the Electric Sector? Oct 16 2013 
My 3 Favorite Utilities with Low Price Ratios May 06 2013 
The Best-Yielding Ex-Dividend Stocks on Jan. 30, 2013 Jan 29 2013 
6 Undervalued Utility Stocks to Watch in 2013 Dec 13 2012 
The AES Corporation: Capital Allocation on Track but Still Too Much Debt Nov 26 2012 
comment on AES Oct 22 2012 
Weekly Top Insider Buys: AES, ITT, NPBC, ADTN, ABM Jul 23 2012 

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