AES (AES) Financial Forecast Calculator
Interactive 5-year forecast and DCF for AES. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from AES’s most recent SEC filings.
Assumptions
Need this as an Excel model?
Keep iterating on the AES forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.
Other Energy forecasts
Run the same calculator on a peer.
Frequently asked
How does AES Corporation generate its revenue?+
AES Corporation generates revenue through three main segments: Renewables, Utilities, and Energy Infrastructure. The Renewables SBU sells power under long-term Power Purchase Agreements, the Utilities SBU provides regulated transmission, distribution, and generation services in the US, and the Energy Infrastructure SBU operates legacy thermal plants globally.
What are the primary drivers of AES Corporation's revenue growth?+
Revenue growth for AES Corporation is primarily driven by the execution of its 12 GW renewables backlog and the rate base growth of its US utilities. The company is actively building out solar, wind, and battery storage assets while phasing out legacy thermal generation.
What is AES Corporation's capital expenditure strategy, and how does it impact the financial model?+
AES Corporation has an exceptionally high capital expenditure strategy, with Capex_Pct_Revenue modeled at approximately 31.86%, primarily for growth initiatives. This includes a $1.4 billion annual capex plan for US utilities and billions to bring 3.2 GW of new renewable projects online annually, reflecting an 80% growth capex focus.
How does AES Corporation manage its net working capital, and what is its typical profile?+
AES Corporation generally maintains a negative or neutral net working capital profile, as indicated by a NWC_Pct_Revenue assumption of -0.1517. The company achieves this by utilizing supplier financing and extended payables to fund its operations.
What is the main purpose of the financial model for AES Corporation?+
The financial model for AES Corporation is designed to provide a sum-of-the-parts equity valuation and a cash flow forecasting tool. It assists equity research analysts in evaluating the company's execution of its renewables backlog, US utility growth, and the managed phase-out of thermal assets.
Can I download an Excel financial model for AES Corporation, and what is its forecast horizon?+
Yes, an Excel financial model for AES Corporation is available for download as a general corporate model. This model provides a forecast horizon spanning from Fiscal Year 2026 through Fiscal Year 2030.
Have more financial modelling questions? Contact us
