Evergy, Inc. logo EVRG - Evergy, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 7
HOLD 9
SELL 2
STRONG
SELL 0
| PRICE TARGET: $89.43 DETAILS
HIGH: $99.00
LOW: $82.00
MEDIAN: $89.00
CONSENSUS: $89.43
UPSIDE: 6.54%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 26.6% above fair value
Current Price $83.94
Bear Case $57.99 30.9% downside ($57.99 - $83.94) / $83.94 = -30.9% $3.66 × 14x P/E
Fair Value $66.28 21.0% downside ($66.28 - $83.94) / $83.94 = -21.0% $3.66 × 16x P/E
Bull Case $74.56 11.2% downside ($74.56 - $83.94) / $83.94 = -11.2% $3.66 × 18x P/E

Adjust Assumptions

16.0x
3.66$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 22.9x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $89.43 from 18 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $66.28 per share.

Warnings

ℹ Dividend-based valuation: $73.56 (above our primary estimate by 26%). Large gaps may signal the dividend doesn't reflect full earning power.
ℹ Wall Street's average price target is $89.43 (from 18 analysts). Our estimate is 35% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples