Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Evergy, Inc. (EVRG)

Company Dividend Discount ModelIndustry: Regulated ElectricSector: Utilities

Valuation Snapshot

Stable Growth$51.58 - $92.36$68.71
Multi-Stage$56.27 - $61.40$58.79
Blended Fair Value$63.75
Current Price$76.02
Upside-16.15%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS5.23%13.28%2.572.452.302.142.001.992.040.960.880.80
YoY Growth--4.76%6.51%7.41%7.08%0.54%-2.63%112.91%9.18%9.79%8.52%
Dividend Yield--3.72%4.65%3.77%3.14%3.36%3.62%3.56%1.85%1.62%1.61%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)849.50
(-) Cash Dividends Paid (M)609.20
(=) Cash Retained (M)240.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)169.90106.1963.71
Cash Retained (M)240.30240.30240.30
(-) Cash Required (M)-169.90-106.19-63.71
(=) Excess Retained (M)70.40134.11176.59
(/) Shares Outstanding (M)232.38232.38232.38
(=) Excess Retained per Share0.300.580.76
LTM Dividend per Share2.622.622.62
(+) Excess Retained per Share0.300.580.76
(=) Adjusted Dividend2.923.203.38
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate3.23%4.23%5.23%
Fair Value$51.58$68.71$92.36
Upside / Downside-32.14%-9.62%21.50%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)849.50885.41922.84961.851,002.521,044.901,076.24
Payout Ratio71.71%75.37%79.03%82.69%86.34%90.00%92.50%
Projected Dividends (M)609.20667.34729.30795.31865.60940.41995.52

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate3.23%4.23%5.23%
Year 1 PV (M)605.92611.79617.66
Year 2 PV (M)601.23612.94624.76
Year 3 PV (M)595.31612.78630.58
Year 4 PV (M)588.29611.41635.22
Year 5 PV (M)580.30608.96638.74
PV of Terminal Value (M)10,103.8810,602.8511,121.35
Equity Value (M)13,074.9213,660.7314,268.30
Shares Outstanding (M)232.38232.38232.38
Fair Value$56.27$58.79$61.40
Upside / Downside-25.98%-22.67%-19.23%

High-Yield Dividend Screener

« Prev Page 5 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
U11.SIUnited Overseas Bank Limited11.62%$4.1058.46%
9543.SRSaudi Networkers Services Company11.60%$8.7072.96%
0688.HKChina Overseas Land & Investment Limited11.57%$1.4538.43%
0QKP.LPhoenix Mecano AG11.55%$51.5065.02%
601668.SSChina State Construction Engineering Corporation Limited11.55%$0.5954.79%
5983.KLMBM Resources Bhd11.49%$0.6069.77%
601800.SSChina Communications Construction Company Limited11.48%$0.9576.83%
0440.HKDah Sing Financial Holdings Limited11.45%$4.0834.85%
H02.SIHaw Par Corporation Limited11.39%$1.8082.18%
EDV.AXEndeavour Group Limited11.35%$0.4279.74%
102260.KSDongsung Chemical Co., Ltd.11.33%$470.0161.08%
092230.KSKPX Holdings Co.,Ltd.11.32%$8,125.9434.75%
9909.HKPowerlong Commercial Management Holdings Limited11.28%$0.2829.74%
SVR.AXSolvar Limited11.25%$0.2083.01%
HOLCO.ASHolland Colours N.V.11.23%$9.8877.82%
RBN-UN.TOBlue Ribbon Income Fund11.23%$0.9343.10%
0066.HKMTR Corporation Limited11.22%$3.3977.76%
3360.HKFar East Horizon Limited11.17%$0.8944.98%
0934.HKSinopec Kantons Holdings Limited11.16%$0.4758.03%
317400.KSXi S&D Inc.11.16%$481.1664.89%
0146.HKTai Ping Carpets International Limited11.12%$0.2151.92%
096760.KSJW Holdings Corporation11.12%$390.8363.07%
3868.HKXinyi Energy Holdings Limited11.12%$0.1360.32%
BMW3.DEBayerische Motoren Werke AG11.11%$10.5291.60%
1109.HKChina Resources Land Limited11.09%$3.0736.44%
2380.HKChina Power International Development Limited11.08%$0.3656.67%
3900.HKGreentown China Holdings Limited11.07%$0.9398.98%
600016.SSChina Minsheng Banking Corp., Ltd.11.06%$0.4261.11%
BFG.AXBell Financial Group Limited11.06%$0.1590.20%
1571.HKXin Point Holdings Limited11.03%$0.4241.05%
601577.SSBank of Changsha Co., Ltd.11.03%$1.0752.50%
IMMOU.BRImmo Moury SCA11.02%$3.5993.20%
2555.HKSichuan Baicha Baidao Industrial Co., Ltd.11.00%$0.7076.19%
POMO3.SAMarcopolo S.A.10.98%$0.6158.30%
IEL.AXIDP Education Limited10.96%$0.6398.92%
1579.HKYihai International Holding Ltd.10.95%$1.4288.97%
SPTO.JKPT Surya Pertiwi Tbk10.93%$70.5268.08%
TOTG.OLTotens Sparebank10.91%$31.6287.19%
1052.HKYuexiu Transport Infrastructure Limited10.89%$0.5162.60%
601919.SSCOSCO SHIPPING Holdings Co., Ltd.10.89%$1.6567.32%
DETEC.HEDetection Technology Oyj10.89%$1.2399.18%
018500.KSDongwon Metal Co., Ltd.10.86%$150.3024.83%
3799.HKDali Foods Group Company Limited10.86%$0.4172.83%
EBRO.MCEbro Foods, S.A.10.86%$2.0177.79%
023590.KSDaou Technology Inc.10.85%$4,297.7041.75%
0392.HKBeijing Enterprises Holdings Limited10.84%$3.4643.30%
NOVC.DENovo Nordisk A/S10.83%$9.9046.60%
0408.HKYip's Chemical Holdings Limited10.81%$0.2048.65%
4342.SRJadwa Investment - Jadwa Reit Saudi Fund10.80%$1.2085.91%
RIAS-B.CORIAS A/S10.79%$73.9373.44%