Discounted Cash Flow

AES Corp.

AES · Based on 10 years of SEC filings

DCF estimate unavailable — only_6_profitable_out_of_10

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $13.6b $-1.1b $539.0m -8.3% $-1.72
2017 $10.5b (-22.5%) $-1.2b (-2.7%) $312.0m (-42.1%) -11.0% (-32.6%) $-1.76 (-2.3%)
2018 $10.7b (2.0%) $1.2b (203.6%) $222.0m (-28.8%) 11.2% (201.6%) $1.82 (203.4%)
2019 $10.2b (-5.1%) $303.0m (-74.8%) $61.0m (-72.5%) 3.0% (-73.5%) $0.46 (-74.7%)
2020 $9.7b (-5.2%) $46.0m (-84.8%) $855.0m (1301.6%) 0.5% (-84.0%) $0.07 (-84.8%)
2021 $11.1b (15.3%) $-409.0m (-989.1%) $-214.0m (-125.0%) -3.7% (-870.9%) $-0.61 (-971.4%)
2022 $12.6b (13.2%) $-546.0m (-33.5%) $-1.8b (-757.9%) -4.3% (-17.9%) $-0.82 (-34.4%)
2023 $12.7b (0.4%) $249.0m (145.6%) $249.0m (113.6%) 2.0% (145.4%) $0.37 (145.1%)
2024 $12.3b (-3.1%) $1.7b (574.3%) $-4.6b (-1963.5%) 13.7% (595.7%) $2.38 (543.2%)
2025 $12.2b (-0.4%) $910.0m (-45.8%) $-1.6b (65.0%) 7.4% (-45.6%) $1.26 (-47.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

only_6_profitable_out_of_10

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.