Evergy, Inc. (EVRG) intrinsic value & 10-year financials
Evergy, Inc. (EVRG) has a Graham intrinsic value of $56.27 per share. At $83.30 on Oct 17, 2026, the stock trades 48% above that value. Over the last 10 fiscal years revenue grew 9.3% a year to $5.7B, with an average return on invested capital of 6.8%.
- Graham intrinsic value
- $56.27
- Share price (Oct 17, 2026)
- $83.30
- Price vs Graham value
- 48% above
- Market cap
- $19.5B
- Revenue (FY2025)
- $5.7B
- Revenue growth (10-yr CAGR)
- 9.3%
- ROIC (10-yr avg)
- 6.8%
- Free cash flow (FY2025)
- -$751.7M
EVRG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $5.7B | $855.6M | $3.66 | -$751.7M | 26.9% | 6.4% |
| FY2024 | $5.7B | $873.5M | $3.79 | -$352.9M | 25.7% | 6.4% |
| FY2023 | $5.3B | $731.3M | $3.17 | -$353.8M | 24.0% | 6.1% |
| FY2022 | $5.6B | $752.7M | $3.27 | -$364.6M | 22.7% | 6.1% |
| FY2021 | $5.3B | $879.7M | $3.83 | -$620.8M | 25.4% | 6.4% |
| FY2020 | $4.8B | $618.3M | $2.72 | $193.5M | 23.9% | 5.5% |
| FY2019 | $5.0B | $669.9M | $2.79 | $538.9M | 23.6% | 5.9% |
| FY2018 | $4.2B | $535.8M | $2.50 | $428.1M | 22.1% | 6.8% |
| FY2017 | $2.6B | $323.9M | $2.27 | $148.1M | 26.4% | 6.1% |
| FY2016 | $2.6B | $346.6M | $2.43 | -$283.2M | 27.4% | 12.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Evergy is a consistent compounder, expanding top-line revenue at 9.3% annually over the past decade.
Evergy has historically struggled to out-earn its cost of capital, averaging just 6.2% ROIC.
Evergy has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Evergy is modeled at 4.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $56.27 per share.