BKH * Stock Overview

Through its subsidiaries, operates as an electric and natural gas utility company in the United States. More details

BKH * fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	5/6
Financial Health	2/6
Dividends	4/6

Rewards

Trading at 88.3% below our estimate of its fair value

Earnings are forecast to grow 8.22% per year

Earnings grew by 12.7% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Shares are highly illiquid

Shareholders have been diluted in the past year

Dividend of 4.34% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Black Hills Corporation Competitors

ACEA

BIT:ACE

€4.0b

AGL Energy

ASX:AGL

AU$7.7b

Qatar Electricity & Water Company Q.P.S.C

DSM:QEWS

ر.ق17.3b

ATCO

TSX:ACO.X

CA$5.5b

Price History & Performance

Summary of share price highs, lows and changes for Black Hills
Historical stock prices
Current Share Price	US$1,089.00
52 Week High	US$1,089.00
52 Week Low	US$860.00
Beta	0.67
1 Month Change	0%
3 Month Change	2.74%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	24.50%

Recent updates

Shareholder Returns

	BKH *	MX Integrated Utilities	MX Market
7D	0%	0%	0%
1Y	n/a	0%	0%

Return vs Industry: Insufficient data to determine how BKH * performed against the MX Integrated Utilities industry.

Return vs Market: Insufficient data to determine how BKH * performed against the MX Market.

Price Volatility

Is BKH *'s price volatile compared to industry and market?
BKH * volatility
BKH * Average Weekly Movement	n/a
Integrated Utilities Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in MX Market	0%
10% least volatile stocks in MX Market	0%

Stable Share Price: BKH *'s share price has been volatile over the past 3 months compared to the MX market.

Volatility Over Time: Insufficient data to determine BKH *'s volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1941	2,874	Linn Evans	www.blackhillscorp.com

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.

Black Hills Corporation Fundamentals Summary

How do Black Hills's earnings and revenue compare to its market cap?
BKH * fundamental statistics
Market cap	Mex$83.41b
Earnings (TTM)	Mex$5.51b
Revenue (TTM)	Mex$42.50b

15.1x

P/E Ratio

2.0x

P/S Ratio

Is BKH * overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BKH * income statement (TTM)
Revenue	US$2.13b
Cost of Revenue	US$1.30b
Gross Profit	US$828.30m
Other Expenses	US$552.60m
Earnings	US$275.70m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 06, 2024

Earnings per share (EPS)	3.95
Gross Margin	38.93%
Net Profit Margin	12.96%
Debt/Equity Ratio	140.8%

How did BKH * perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

63%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/10/26 11:11
End of Day Share Price	2024/07/29 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Black Hills Corporation is covered by 15 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Worms	BMO Capital Markets Equity Research
Michael Worms	BMO Capital Markets U.S. (Historical)
Julien Dumoulin-Smith	BofA Global Research