Evergy, Inc. (EVRG)
Utilities · Electric Utilities · US stock · S&P 500 component
$84.95
▲ +1.80 (2.16%)
Fair valueFair
$78 −7.6% to fair value
$39fair band $67–$95$118
Day's range
$83.54 – $85.26
52-week range
$71.41 – $88.62
About Evergy, Inc.
Evergy is a regulated electric utility holding company serving customers in Kansas and Missouri. It generates, transmits and distributes electricity to homes, businesses and industrial users, using a mix of coal, nuclear, natural gas, wind and other sources. Its operating utilities charge rates approved by state regulators, and the company invests continuously in power plants, transmission lines and local distribution networks.
Income comes mainly from regulated electricity charges paid by customers in its service territories. Revenue is $6.0 billion over the last twelve months, with growth of 0.6% a year across three years. The operating margin is 25.9%, and the business earns a profit of 5% on the capital invested in it. Evergy has net debt of 5.6 times EBITDA, a level that reflects the capital-heavy nature of utilities, and the dividend yield is 3.3%. On the site's X-Ray Score it receives 41 out of 100.
Price chart
52-wk range $71.41 – $88.62Volume 2,516,287Daily, split-adjusted
Vitals
Market cap$20.0B
52-week range$71.41 – $88.62
Volume (last day)2,516,287
P/E (TTM)22.5
EBIT / EV yield4.4%
Free-cash-flow yield-5.5%
Dividend yield3.3%
Revenue (TTM)$6.0B
Net income (TTM)$882M
Operating margin25.9%
Return on capital5.5%
Debt incl. leases$15.5B
Cash & securities$18M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$78middle half of models $63 – $83
Fair
−7.6% to fair value
Average of the 12 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $85
Undervalued < $67Fair $67 – $95Overvalued > $95
P/E multiple
$82
P/B multiple
$74
P/S multiple
$69
EV/EBITDA multiple
$87
EV/EBIT multiple
$72
EV/revenue multiple
$66
10-year DCF, EBITDA exit · not used
$24
5-year DCF, EBITDA exit
$52
10-year DCF, revenue exit · not used
$23
5-year DCF, revenue exit
$49
10-year DCF, growth exit · not used
$9
5-year DCF, growth exit
$34
Dividend discount, stable
$112
Dividend discount, multi-stage
$164
Earnings power value
$80
Growth the price implies
12.0%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
41/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.4%
Free-cash-flow yield-5.5%
Fair value vs price0.9×
Growth
Weak
22/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)0.6%
EPS growth (3y)3.8%
Growth consistency70%
Profitability
Fair
64/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital5.5%
Operating margin25.9%
Financial health
Weak
29/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Net debt / EBITDA5.6×
Interest cover2.4×
Dividends
Weak
44/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield3.3%
Dividend growth4.7%
Quarterly results: last 6 quarters
+5.9%
Dec '24
+3.3%
Mar '25
-0.7%
Jun '25
-0.1%
Sep '25
+6.6%
Dec '25
+5.0%
Mar '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.4B, diluted EPS $0.64.
Compare with peers
EIX Edison International71 ES Eversource Energy65 EXC Exelon Corp62 DUK Duke Energy CORP58Other Electric Utilities companies by X-Ray Score.
SWOT analysis: Evergy, Inc.
Strengthsinside the company
- No standout strength in the figures we track.
Weaknessesinside the company
- Return on invested capital is only 5.5% (median 5.5% for industry peers), so the business earns little above its cost of capital.
- Free cash flow is negative, so spending or debt has to be financed from outside.
- Net debt is 5.6x EBITDA, above the 3x level that lenders usually watch.
- Operating profit covers interest only 2.4x.
Opportunitiesvaluation and setting
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Heavy debt makes profits sensitive to interest rates and refinancing conditions.
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
- Our Market Compass rates the backdrop for Utilities as unfavourable.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare EVRG with peers and sector
Medians of 14 Electric Utilities peers and of 30 Utilities stocks in our universe.
Largest peers (X-Ray Score): SO 45, DUK 58, CEG 49, AEP 58, ETR 43, VST 53.
| Metric | EVRG | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 41 | 52 | 51 |
| Valuation | 41 | 50 | 50 |
| Growth | 22 | 58 | 53 |
| Profitability | 64 | 53 | 49 |
| Financial health | 29 | 55 | 52 |
| Dividends | 44 | 53 | 55 |
Sector leaders: highest X-Ray Score in Utilities
EVRG ranks #26 of 31 in Utilities and #15 of 15 in Electric Utilities by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for EVRG
Each factor is rated by where EVRG stands among the 31 Utilities stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 3 Good · 10 Average · 7 Bad of 20
Growth: 0 · 0 · 3
Profitability: 1 · 2 · 1
Financial strength: 0 · 2 · 2
Valuation: 1 · 4 · 0
Cash flow: 0 · 2 · 1
Efficiency: 1 · 0 · 0
| Factor | EVRG | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +0.6% | Bad beats 28% | +3.4% | – | – |
| Revenue growth, last year | +2.0% | Bad beats 8% | +9.6% | +4.9% | ▼ Worse |
| EPS growth, 3 years a year | +3.8% | Bad beats 20% | +8.1% | – | – |
| Profitability | |||||
| Operating margin | 25.9% | Good beats 75% | 22.9% | 24.3% | ≈ In line |
| Net margin | 14.6% | Average beats 58% | 14.4% | 14.4% | ≈ In line |
| Return on invested capital | 5.5% | Average beats 56% | 5.5% | – | – |
| Return on equity | 8.7% | Bad beats 18% | 10.1% | 8.4% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 5.6x | Average beats 58% | 5.8x | 5.3x | ≈ In line |
| Interest cover | 2.4x | Average beats 47% | 2.5x | 2.6x | ≈ In line |
| Current ratio | 0.45 | Bad beats 2% | 0.78 | 0.51 | ≈ In line |
| Piotroski F-score | 4 / 9 | Bad beats 13% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 22.7x | Average beats 37% | 21.8x | 17.9x | ▼ Worse |
| Price / book | 2.0x | Average beats 63% | 2.1x | 1.5x | ▼ Worse |
| Price / sales | 3.3x | Average beats 35% | 2.9x | 2.5x | ▼ Worse |
| EV / EBITDA | 13.0x | Good beats 69% | 14.0x | 11.3x | ▼ Worse |
| Free cash flow yield | -5.5% | Average beats 44% | -4.9% | -2.9% | ▼ Worse |
| Cash flow | |||||
| Free cash flow margin | -18.2% | Bad beats 18% | -9.1% | -6.4% | ▼ Worse |
| Cash from operations / net income | 2.22 | Average beats 53% | 2.20 | 2.39 | ≈ In line |
| Accruals (lower is better) | −3.1% | Average beats 44% | −3.3% | – | – |
| Efficiency | |||||
| Days sales outstanding | 12 days | Good beats 98% | 44 days | 15 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 1 Good · ● 7 Average · ● 6 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 42/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $5.6B | $5.9B | $5.5B | $5.8B | $6.0B |
| Operating income | $1.4B | $1.3B | $1.3B | $1.5B | $1.5B |
| Net income | $880M | $753M | $731M | $874M | $856M |
| Operating cash flow | $1.4B | $1.8B | $2.0B | $2.0B | $2.0B |
| Operating margin | 24.3% | 21.6% | 23.3% | 25.1% | 25.7% |
| Free cash flow | −$621M | −$365M | −$354M | −$353M | −$752M |
| Diluted EPS | $3.83 | $3.27 | $3.17 | $3.79 | $3.66 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 82.48 | Bullish |
| EMA 10 | 82.53 | Bullish |
| SMA 20 | 80.81 | Bullish |
| EMA 20 | 81.64 | Bullish |
| SMA 50 | 81.07 | Bullish |
| EMA 50 | 81.40 | Bullish |
| SMA 100 | 82.45 | Bullish |
| EMA 100 | 81.42 | Bullish |
| SMA 200 | 80.74 | Bullish |
| EMA 200 | 79.73 | Bullish |
Oscillators (daily)
| RSI (14) | 67.44 | Neutral |
| MACD (12, 26) | 0.85 | Bullish |
| Momentum (12) | 5.72 | Bullish |
| Stochastic %K (14) | 95.46 | Bearish |
| Williams %R (14) | -4.54 | Bearish |
| CCI (20) | 155.7 | Bearish |
Pivot points (classic, last session)
S3 82.19 | S2 82.87 | S1 83.91 | Pivot 84.58 | R1 85.62 | R2 86.30 | R3 87.34 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.78 USD
Yield on today's price
3.27%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.6950 | |
| 0.6950 | |
| 0.6950 | |
| 0.6950 | |
| 0.6680 | |
| 0.6680 | |
| 0.6680 | |
| 0.6680 | |
| 0.6430 | |
| 0.6430 | |
| 0.6430 | |
| 0.6430 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold EVRG
| ETF | Share of the fund |
|---|---|
| SPHD Invesco S&P 500 High Dividend Low Vola... | 1.69% |
| EMLP First Trust North American Energy Infr... | 1.55% |
| XLU Utilities Select Sector SPDR | 1.40% |
| SPYD SPDR Portfolio S&P 500 High Dividend | 1.34% |
| FUTY Fidelity MSCI Utilities Index | 1.25% |
| VPU Vanguard Utilities | 1.24% |
| SPLV Invesco S&P 500 Low Volatility | 1.22% |
| IDU iShares U.S. Utilities | 1.18% |
The eight funds with the largest weight in EVRG among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
EVRG SEC filings
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Other events
424B5SEC EDGAR
424B5
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Entered a material agreement
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.