Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Evergy

EVRG stock analysis · Utilities · Electric Utilities

FY 2025-12-31ANNUAL FILINGS
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ⓘ These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$86.43HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$19.9B

Price × SEC outstanding shares. Shares measured 2026-04-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

— Requires positive annual FCF, usable shares and discount rate above terminal growth.

Requires positive annual FCF, usable shares and discount rate above terminal growth.

How this is calculated ↗
Valuation

Reverse DCF

— No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

How this is calculated ↗
Valuation

Relative valuation

2.0%

14 industry peers · median 23.8×

How this is calculated ↗
Valuation

Historical multiples

19.1×

7 annual observations · snapshot P/E 23.3× · 21.9% versus history

How this is calculated ↗
Valuation

Free cash flow yield

-3.8%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

5.3%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

55/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

— Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

5.2%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

— Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-3.6%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

0.7%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 2.8B2020-12-31: cfo $1,753,800,000.002020-12-31: capex $1,560,300,000.0020202021-12-31: cfo $1,351,700,000.002021-12-31: capex $1,972,500,000.0020212022-12-31: cfo $1,801,900,000.002022-12-31: capex $2,166,500,000.0020222023-12-31: cfo $1,980,200,000.002023-12-31: capex $2,334,000,000.0020232024-12-31: cfo $1,983,700,000.002024-12-31: capex $2,336,600,000.0020242025-12-31: cfo $2,045,200,000.002025-12-31: capex $2,796,900,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%———
10.0%———
12.0%———

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-315.7B867.9M2B2.8B33.9B
2024-12-315.7B885.8M2B2.3B32.3B
2023-12-315.3B743.6M2B2.3B31B
2022-12-315.6B765M1.8B2.2B29.5B
2021-12-315.3B891.9M1.4B2B28.5B
2020-12-314.8B630M1.8B1.6B27.1B
2019-12-315B685.6M1.7B1.2B26B
2018-12-314.2B546M1.5B1.1B25.6B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue5.7BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-19
netIncome867.9MProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-19
Parent/common earnings proxy855.6MNetIncomeLoss2026-02-19
cfo2BNetCashProvidedByUsedInOperatingActivities2026-02-19
capex2.8BPaymentsToAcquirePropertyPlantAndEquipment2026-02-19
operatingIncome1.5BOperatingIncomeLoss2026-02-19
assets33.9BAssets2026-02-19
equity10.3BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-19
Parent book equity proxy10.2BStockholdersEquity2026-02-19
debt13.4BLongTermDebtCurrent + LongTermDebtNoncurrent2026-02-19
shortDebt—Not reported under a supported tag—
cash19.8MCashAndCashEquivalentsAtCarryingValue2026-02-19
shares233.6MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-19
dividends613.1MPaymentsOfDividends2026-02-19
buybacks—Not reported under a supported tag—
issuance1.1MProceedsFromIssuanceOfCommonStock2026-02-19