Bedrijfsoverzicht
Evergy, Inc. is a utility company that engages in the generation, transmission, distribution, and sale of electricity across the United States. The company generates its power mix through diverse sources including coal, landfill gas, uranium, natural gas, oil, as well as solar, wind, and other renewable sources. Operating within the Utilities sector and specifically the Regulated Electric industry, Evergy functions under a regulatory framework that typically stabilizes revenue streams while dictating pricing mechanisms. The company maintains a substantial market capitalization of $19.25 billion and reports annual revenue of $5.96 billion with a workforce of 4,691 employees. These financial figures indicate a large-scale operation with significant infrastructure investments, positioning Evergy as a major player in the regional electric utility landscape. The combination of regulated assets and a diversified generation portfolio suggests a focus on long-term infrastructure stability rather than high-growth volatility. The scale of operations, evidenced by the multi-billion dollar revenue base, reflects the capital-intensive nature of the regulated electric industry.
Financiële gezondheid
Evergy, Inc. reported a trailing twelve-month revenue of $5.96 billion and a net income of $855.60 million, with EBITDA reaching $2.74 billion. The substantial gap between revenue and net income reveals a cost structure heavily influenced by depreciation, amortization, and interest expenses inherent to utility operations, which significantly reduces the bottom line relative to gross earnings. The company's free cash flow stands at -$862,124,992, indicating that capital expenditures for maintaining and upgrading the electric grid currently exceed the cash generated from operations. This negative free cash flow highlights the heavy reinvestment requirements necessary to comply with regulatory obligations and infrastructure modernization standards. The gross margin is recorded at 52.3%, the operating margin at 17.7%, and the profit margin at 14.4%, reflecting the typical characteristics of a regulated utility with high fixed costs and limited pricing power. The company holds cash of $19.80 million against a total debt load of $15.39 billion, resulting in a debt-to-equity ratio of 149.92%. This balance sheet structure is highly leveraged, which is standard for capital-intensive utilities but requires stable cash flows to manage interest obligations. The current ratio of 0.49 suggests that current liabilities exceed current assets, indicating a reliance on long-term financing for working capital needs typical in this sector. Return on Equity is 8.6% and Return on Assets is 2.9%, metrics that reveal moderate management effectiveness in generating returns relative to the substantial capital base employed.
Waarderingsbeoordeling
The stock trades with a trailing P/E ratio of 22.84 and a forward P/E of 18.37. The difference between these two metrics implies that the market expects earnings to grow in the future, as the forward multiple is lower than the trailing multiple. The price-to-book ratio is 1.88, indicating that the market values the company at a premium of nearly double its net asset book value. The price-to-sales ratio is 3.23, while the EV/EBITDA stands at 12.65, offering alternative perspectives on valuation that account for enterprise value and earnings before interest, taxes, depreciation, and amortization. The 52-week high is $85.27 and the 52-week low is $63.29, meaning the current price sits somewhere within this historical trading range. The beta value of 0.60 indicates that the stock is significantly less volatile than the broader market, moving with roughly 40% less intensity during market swings. These valuation metrics collectively present a picture of a mature utility stock priced for steady growth rather than explosive expansion.
Growth & Income
Revenue growth year-over-year is 6.6% and earnings growth year-over-year is 4.7%. Earnings are growing at a slower pace than revenue, which implies that cost pressures or margin compression are slightly outpacing top-line expansion. As a dividend payer, Evergy offers a dividend yield of 3.3% with a payout ratio of 73.7%. This payout ratio requires scrutiny given the negative free cash flow and high leverage, though it is consistent with utility practices of prioritizing shareholder returns despite heavy capital spending. The company reinvests the majority of its earnings into maintaining its regulated infrastructure rather than paying out all profits as dividends. The overall growth and income profile reflects a balanced approach typical of regulated utilities, prioritizing stable cash flows and regulatory compliance over aggressive expansion.