Evergy, Inc. (EVRG)
Fair bewertetFundamental
52
Kurs
$79.53
Marktkapitalisierung
$17.91B
Teil 1 · Was das Unternehmen wert ist
Übersicht
Evergy owns two regulated electric utilities, Evergy Kansas Central and Evergy Metro, that generate and deliver power to homes and businesses across Kansas and parts of Missouri, including the Kansas City area. Like other regulated utilities it does not compete for customers within its territory; instead it builds and maintains power plants and grid infrastructure and asks state regulators to approve the rates it can charge to recover those costs.
Wie das Geld verdient wird
Customers pay metered rates set through regulatory rate cases, in which Evergy asks state commissions to approve charges that let it recover its costs and earn a set return on capital invested in generation and grid assets. In 2025 Evergy Kansas Central sought roughly $196 million in additional annual retail revenue through such a filing, and new rates from an earlier case added about $128 million during the year — illustrating how earnings growth is tied to the pace and outcome of these regulatory proceedings rather than to selling more electricity.
Wettbewerbsvorteil
Skaleneffekte · SchmalDuplicating a power grid and generation fleet to compete for the same customers is not economically realistic, so Evergy operates as a practical monopoly within its service territory. The advantage is narrow rather than wide because state regulators, not the company, decide the prices it can charge and the profit it is allowed to earn.
Was die Nachfrage antreibt
DefensivElectricity is a necessity that households and businesses keep buying regardless of economic conditions, so baseline demand is stable and driven mainly by weather and population trends rather than the business cycle. New large industrial and data-center customers, which Evergy has highlighted as a growth source, add a variable, less predictable layer on top of that stable base.
Wichtigste Risiken
- Outcome and timing of rate cases — Earnings growth depends on Kansas and Missouri regulators approving the rate increases Evergy requests to recover its investments; a smaller or delayed approval slows growth directly.
- Large capital investment program — Funding grid upgrades and new generation requires ongoing debt and equity financing; higher interest rates or construction cost inflation raise the cost of that program and pressure returns.
- Weather dependence — Unusually mild winters or summers reduce heating and cooling demand and can lower revenue in a given period independent of the underlying customer count.
- Large-load customers may not materialize as planned — New large industrial and data-center load is a highlighted growth driver, but such projects can be delayed, scaled back or cancelled, leaving planned grid investment ahead of actual demand.
Die Argumente dafür
Buyers argue that a regulated monopoly with predictable rate-case-driven earnings, now supplemented by new large industrial and data-center customers, offers steady growth largely insulated from the broader economic cycle.
Die Argumente dagegen
Sellers fear that regulators could approve smaller or slower rate increases than the capital plan assumes, and that some of the large new customers driving the growth narrative fail to materialize at the scale currently projected.
Written by the editors, published on 18. August 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18. September 2026 with claude-haiku-4-5 — shared with all users
The other large regulated electric utility in Missouri, answering to the same Missouri Public Service Commission and courting the same industrial and data-centre loads deciding where to site in the state.
A vertically integrated regulated electric utility next door in Oklahoma that bids into the same Southwest Power Pool marketplace where Evergy sells the power its retail customers do not absorb.
Through Public Service Company of Oklahoma and Southwestern Electric Power, it is an investor-owned member of the same Southwest Power Pool market and bids the same regional generation revenue.
Its Southwestern Public Service arm participates in the same SPP marketplace, and the group competes with Evergy for the regulatory approvals and investor capital that fund grid and generation build-out.
Serves electricity in southwest Missouri and southeast Kansas immediately alongside Evergy's territory, under the same two state regulators and inside the same SPP wholesale market.
Bilanz & Liquidität
Umsatz
$5.76B
Letzte 12 Monate (bis 31.3.2026)
Nettogewinn
$882M
Letzte 12 Monate (bis 31.3.2026)
Freier Cashflow
$-752M
Gesamtes Eigenkapital
$10.22B
Gesamtverbindlichkeiten
$23.68B
Current Ratio
0.45
Zinsdeckungsgrad
2.44
Schulden/EBITDA
5.74
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$67.51
Aktueller Kurs
$79.53
Sicherheitsmarge
-17.8%
Innerer-Wert-Spanne
$49.59 - $85.43
Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
20.95
ROE
8.4%
P/B-Verhältnis
1.79
P/FCF
-
Bruttomarge
-
ROIC
4.1%
Rentabilitäts-Radar
Wertschöpfung (Wettbewerbsvorteil)
ROIC
4.1%
WACC
5.8%
ROIC − WACC
-1.7 pp
Der ROIC liegt unter den Kapitalkosten: Das Unternehmen vernichtet für jeden investierten Dollar Wert.
Fundamentalanalyse-Kriterien
Bestanden (13)
- EPS shows upward trend
- P/B Ratio 1.79
- Debt/Equity ratio
- Operating Margin 27.1%
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 9.1%
- Revenue Growth 5Y 76.4%
- Analyst Consensus 68% Buy
- Earnings Quality (OCF/NI) 2.22
- Share Dilution 1.4%
Nicht bestanden (11)
- EPS CAGR 4.66%
- Price CAGR 3.36%
- ROIC 4.1%
- Positive Free Cash Flow
- Current Ratio
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings Surprise avg -5.5%
- PEG Ratio 3.16
- Net Margin Trend 15.3% vs 15.3%
- Piotroski F-Score 3/9
Nicht verfügbar (4)
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
Piotroski F-Score
Ernsthafte finanzielle Bedenken
Gewinnqualität
Hohe Qualität: Gewinne durch Cashflow gedeckt
Aktienverwässerung
Aktienanzahl ist stabil
Institutionelle Beteiligungen
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| Mr. David A. Campbell J.D. | CEO, President & Chairman of the Board | 57 |
| Ms. Heather A. Humphrey J.D. | Senior VP, General Counsel & Corporate Secretary | 54 |
| Mr. Charles A. Caisley | Executive Vice President of Utility Operations & Chief Customer Officer | 52 |
| Mr. Cleveland O. Reasoner III | Senior VP & Chief Nuclear Officer | 59 |
| Mr. Matthew B. Gummig | VP & Chief Accounting Officer | 39 |
| Mr. Peter Francis Flynn | Director of Investor Relations | - |
| Ms. Katie McDonald | Vice President of Public Affairs | - |
| Mr. John T. Bridson | Senior Vice President of Generation & Operations Support | 56 |
| Mr. Darrin R. Ives | Senior Vice President of Regulatory & Government Affairs | 55 |
| Ms. Kara Larson | VP, Chief Ethics Officer and Assistant General Counsel | - |
Prüfungsrisiko
7
Vorstandsrisiko
4
Vergütungsrisiko
1
Aktionärsrechterisiko
4
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Dokumente
- Dokument ansehen
Jahresbericht (10-K)
Ein jährlicher Überblick über das Geschäft, die Finanzergebnisse und die Risiken des Unternehmens.
Eingereicht am 2026-02-19
- Dokument ansehen
Quartalsbericht (10-Q)
Ein Update zur finanziellen Entwicklung der letzten drei Monate.
Eingereicht am 2026-08-06
- Dokument ansehen
Ad-hoc-Meldung (8-K)
Eine Mitteilung über ein wichtiges Ereignis, etwa einen Führungswechsel oder eine bedeutende Ankündigung.
Eingereicht am 2026-09-16
via SEC EDGAR
Ertragshistorie
via SEC EDGAR
Latest News
Recent headlines for EVRG, sourced from Markets Gazette.