Evergy Inc. (EVRG) vs Pinnacle West Capital Corporation (PNW)

Evergy Inc. and Pinnacle West Capital Corporation are both Utilities Regulated Electric companies. Evergy Inc. is the larger, with a market value of $17.9B against $11.0B — 1.6× the size. Pinnacle West Capital Corporation trades at the lower P/E: 17.2× against 19.4×. Pinnacle West Capital Corporation grew revenue faster over the last twelve months: 5.69% against 3.63%. Evergy Inc. has the higher net margin (15.2% vs 11.5%) and the higher return on invested capital (4.15% vs 3.86%). Both pay a dividend; Pinnacle West Capital Corporation yields more (5.26% vs 5.10%). Across the 22 metrics below, Pinnacle West Capital Corporation leads on 14 and Evergy Inc. on 8.

Valuation

Metric EVRG PNW Utilities Regulated Electric median
P/E 19.41 17.24 18.84
P/S 2.96 2.00 2.52
P/B 1.75 1.57 1.63
Price to free cash flow n/m n/m 36.22
EV/EBITDA 11.00 8.40 11.82
EV/Sales 5.22 4.05 4.58
Earnings yield 5.15% 5.80% 5.30%
Free cash flow yield (7.80%) (4.52%) (5.06%)

Profitability

Metric EVRG PNW Utilities Regulated Electric median
Gross margin 69.31% 62.70% 66.28%
Operating margin 26.20% 20.52% 21.79%
Net margin 15.19% 11.52% 12.94%
Free cash flow margin (23.07%) (9.05%) (11.51%)
Return on equity 9.13% 9.21% 9.75%
Return on assets 2.71% 2.07% 2.75%
Return on invested capital 4.15% 3.86% 3.87%

Growth

Metric EVRG PNW Utilities Regulated Electric median
Revenue growth (TTM) 3.63% 5.69% 7.43%
EPS growth (last fiscal year) (3.43%) (3.63%) —
Revenue growth, 5-year CAGR 3.94% 8.28% 6.75%
Net income growth, 5-year CAGR 6.71% 2.29% 6.44%

Health

Metric EVRG PNW Utilities Regulated Electric median
Debt to equity 1.34 1.61 1.53
Current ratio 0.36 0.59 0.81
Net debt to EBITDA 4.80 4.22 5.25

Dividend

Metric EVRG PNW Utilities Regulated Electric median
Dividend yield 5.10% 5.26% 4.33%
Payout ratio 0.73 0.97 0.66

Size

Metric EVRG PNW Utilities Regulated Electric median
Market cap 17.90b 11.04b 22.90b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack