We are reaffirming our $65 fair value estimate and narrow moat rating for Evergy after management reported $0.54 per share of adjusted earnings during the first quarter, on track to meet our full-year outlook. Management reaffirmed its $3.73-$3.93 EPS guidance for 2024, in line with our estimate.
We expect annual dividend increases to average 6% over the next four years, in line with earnings growth.
Evergy must convince regulators that retiring coal plants and investing in more renewable energy is a good trade-off for customers.
|
Metric
|
EVRG
|
AEE
|
EXC
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.16 | 16.25 | 16.38 |
Price/Book Value | 1.27 | 1.67 | 1.39 |
Price/Sales | 2.21 | 2.61 | 1.63 |
Price/Cash Flow | 6.66 | 6.41 | 6.20 |
|
Metric
|
EVRG
|
AEE
|
EXC
|
|---|---|---|---|
Quick Ratio | 0.07 | 0.27 | 0.54 |
Current Ratio | 0.57 | 0.59 | 1.03 |
Interest Coverage | 2.36 | 3.23 | 2.47 |
|
Metric
|
EVRG
|
AEE
|
EXC
|
|---|---|---|---|
Return on Assets (Normalized) | 2.63% | 2.84% | 2.33% |
Return on Equity (Normalized) | 8.36% | 10.25% | 9.13% |
Return on Invested Capital (Normalized) | 5.90% | 5.91% | 5.67% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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