EVRG Evergy
too hard · 37
Owner-earnings value$62.23
Price$84.95
Margin of safety
-26.7%
Quality gate · 37/100
⚠ sub-hurdle returns (median roic 6% < 9%) · over-levered (net debt/EBITDA 5.3x > 4x)
Median ROIC5.6%
Gross margin52.7%
Net debt / EBITDA5.3x
FCF conversion-57%
Share count / yr+0.1%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 925.80M |
| Owner-earnings yield | 4.7% |
| Free-cash-flow yield | -7.2% |
| Growth used (normalized) | 0.6% |
| Market-implied growth (reverse DCF) | 8.0% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 931.17M | 0.6% | 854.28M |
| 2 | 939.07M | 0.8% | 790.40M |
| 3 | 949.57M | 1.1% | 733.24M |
| 4 | 962.73M | 1.4% | 682.02M |
| 5 | 978.67M | 1.7% | 636.07M |
| 6 | 997.50M | 1.9% | 594.78M |
| 7 | 1.02B | 2.2% | 557.64M |
| 8 | 1.04B | 2.5% | 524.19M |
| 9 | 1.07B | 2.7% | 494.04M |
| 10 | 1.11B | 3.0% | 466.85M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~8%/yr owner-earnings growth over 10y (reverse DCF); model credits 1%.