We are reaffirming our $18 fair value estimate and no-moat rating for AES after the company announced it has reached an agreement with global investment group CDPQ to sell a 30% indirect equity interest in AES Ohio for $546 million.
AES has utility and generation assets in many countries. This diversification reduces country- and region-specific risk.
AES faces above-average political risk with a significant portion of earnings from businesses or projects in developing countries.
|
Metric
|
AES
|
FE
|
NEE
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.82 | 16.91 | 25.41 |
Price/Book Value | 4.49 | 2.02 | 3.54 |
Price/Sales | 1.12 | 1.91 | 6.71 |
Price/Cash Flow | 4.90 | 8.90 | 12.50 |
|
Metric
|
AES
|
FE
|
NEE
|
|---|---|---|---|
Quick Ratio | 0.34 | 0.36 | 0.28 |
Current Ratio | 0.97 | 0.51 | 0.49 |
Interest Coverage | 0.68 | 2.23 | 2.73 |
|
Metric
|
AES
|
FE
|
NEE
|
|---|---|---|---|
Return on Assets (Normalized) | 4.17% | 2.16% | 2.55% |
Return on Equity (Normalized) | 83.30% | 9.44% | 9.48% |
Return on Invested Capital (Normalized) | 7.76% | 5.16% | 5.59% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Iberdrola SA
IBDSF
| — | Zwngwr | $97.1 Bil | |||
| Iberdrola SA ADR
IBDRY
| SS | Nhlgfh | $97.1 Bil | |||
| Enel SpA
ESOCF
| Fpmfnrb | Cjzjq | $80.7 Bil | |||
| Enel SpA ADR
ENLAY
| Btylrgrq | Yxll | $80.7 Bil | |||
| Sempra
SRE
| Kjgnfpzc | Dtkvs | $52.6 Bil | |||
| Engie SA ADR
ENGIY
| — | Kzm | $42.9 Bil | |||
| Engie SA
ENGQF
| — | Zmskz | $42.9 Bil | |||
| E.ON SE ADR
EONGY
| Zjmpncdl | Cxyyp | $39.2 Bil | |||
| E.ON SE
ENAKF
| — | Qxbmq | $39.2 Bil |
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United States