| Intrinsic Valuation of: EVRG | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 4 | Market Cap | $16B | |||||
| 2021 | - | - (-) | P/E Ratio | 18 | Total Asset | $32B | |||||
| 2022 | $-621M | - (-) | Net Income | $874M | Total Debt | $12B | |||||
| 2023 | $-365M | 41.3% (44.0%) | EBITDA | $3B | Total Liab | $22B | |||||
| 2024 | $-354M | 3.0% (-3.2%) | Opr Margin | 0.25 | Debt/Equity | 1.18 | |||||
| 2025 | $-353M | 0.3% (6.0%) | PreTax Margin | 15.48 | BV/Share | 33 | |||||
| 5Y Average FCF | $-423M | 14.8% (15.6%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (14.8%) | ||||||||||
| 2026 | $-486M | MBG Intrinsic Value | $34 | ||||||||
| 2027 | $-558M | ||||||||||
| 2028 | $-640M | ||||||||||
| 2029 | $-735M | ||||||||||
| 2030 | $-845M | ||||||||||
| 2031 | $-970M | ||||||||||
| Terminal Value | $-20B | Net Worth/Share | $43 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $-16B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $22M | $-122 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $12B | WACC | 7.3% | -113 | -118 | -124 | -131 | -140 | |||
| Equity Value | $-28B | 7.4% | -113 | -117 | -123 | -130 | -139 | ||||
| Shares Outstanding | 230,091,008 | 7.4% | -112 | -117 | -122 | -129 | -137 | ||||
| 7.9% | -107 | -111 | -115 | -121 | -127 | ||||||
| DCF Intrinsic Value | $-122 | 8.4% | -103 | -106 | -110 | -114 | -119 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||