Black Hills
Market Cap
US$4.7b
Last Updated
2019/08/21 23:33 UTC
Data Sources
Company Financials +
Executive Summary
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States.
Snowflake
Fundamentals
Established dividend payer with acceptable track record.
Similar Companies
Share Price & News
How has Black Hills's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.6%
NYSE:BKH
2.7%
US Integrated Utilities
2.9%
US Market
1 Year Return
28.6%
NYSE:BKH
15.0%
US Integrated Utilities
0.2%
US Market
BKH outperformed the Integrated Utilities industry which returned 13.5% over the past year.
BKH outperformed the Market in United States of America which returned -0.7% over the past year.
Share holder returns
| BKH | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | 2.7% | 2.9% |
| 30 Day | -2.1% | 1.5% | -2.3% |
| 90 Day | -0.2% | 2.0% | 3.1% |
| 1 Year | 32.4%28.6% | 19.1%15.0% | 2.4%0.2% |
| 3 Year | 42.3%30.2% | 37.2%23.4% | 41.7%32.4% |
| 5 Year | 69.5%45.3% | 72.4%38.8% | 55.1%37.9% |
Price Volatility Vs. Market
How volatile is Black Hills's share price compared to the market and industry in the last 5 years?
Simply Wall St News
11 hours ago | Simply Wall St
What Should Investors Know About Black Hills Corporation's (NYSE:BKH) Growth?1 week ago | Simply Wall St
Have Insiders Sold Black Hills Corporation (NYSE:BKH) Shares Recently?3 weeks ago | Simply Wall St
Can We See Significant Institutional Ownership On The Black Hills Corporation (NYSE:BKH) Share Register?Valuation
Is Black Hills undervalued based on future cash flows and its price relative to the stock market?
20.05x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Black Hills's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Black Hills's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Black Hills is good value based on earnings compared to the US Integrated Utilities industry average.
Black Hills is overvalued based on earnings compared to the United States of America market.
Price Based on Expected Growth
Black Hills is poor value based on expected growth next year.
Price Based on Value of Assets
Black Hills is good value based on assets compared to the US Integrated Utilities industry average.
Next Steps
Future Growth
How is Black Hills expected to perform in the next 1 to 3 years based on estimates from 5 analysts?
5.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Black Hills's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Black Hills's earnings are expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
Black Hills's revenue growth is positive but not above the United States of America market average.
Black Hills's earnings growth is positive but not above the United States of America market average.
Black Hills's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Black Hills is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Black Hills performed over the past 5 years?
27.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Black Hills has delivered over 20% year on year earnings growth in the past 5 years.
Black Hills's 1-year earnings growth is negative, it can't be compared to the 5-year average.
Black Hills's 1-year earnings growth is negative, it can't be compared to the US Integrated Utilities industry average.
Return on Equity
Black Hills has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Black Hills used its assets more efficiently than the US Integrated Utilities industry average last year based on Return on Assets.
Return on Capital Employed
Black Hills has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
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Financial Health
How is Black Hills's financial position?
Financial Position Analysis
Black Hills's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Black Hills's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Black Hills's level of debt (130.5%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (114.6% vs 130.5% today).
Debt is not well covered by operating cash flow (14.8%, less than 20% of total debt).
Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.1x debt.
Next Steps
Dividend
What is Black Hills's current dividend yield, its reliability and sustainability?
2.83%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Black Hills's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
Black Hills's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).
Dividends per share have been stable in the past 10 years.
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.9x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
Next Steps
Management
What is the CEO of Black Hills's salary, the management and board of directors tenure and is there insider trading?
4.6yrs
Average management tenure
CEO
Linn Evans (56yo)
0.6yrs
Tenure
US$2,187,831
Compensation
Mr. Linden R. Evans, also known as Linn, has been a Chief Executive Officer at Black Hills Power Inc. since January 1, 2019. Mr. Evans serves as a Chairman at Black Hills Power Inc. Mr. Evans served as Chi ...
CEO Compensation Analysis
Linn's remuneration is lower than average for companies of similar size in United States of America.
Linn's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
4.6yrs
Average Tenure
56yo
Average Age
The tenure for the Black Hills management team is about average.
Board Age and Tenure
5.6yrs
Average Tenure
63yo
Average Age
The tenure for the Black Hills board of directors is about average.
Insider Trading
Black Hills individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 5,416 |
| Max Price | US$77.89 |
| Entity | Individual |
| Role | Chief Legal Officer Senior VP |
| Shares | 6,469 |
| Max Price | US$77.89 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 2,142.52 |
| Max Price | US$70.14 |
Ownership Breakdown
Management Team
David Emery (56yo)
Executive Chairman
- Tenure: 14.3yrs
- Compensation: US$4.62m
Garner Anderson (57yo)
Chief Risk Officer & VP
- Tenure: 16.1yrs
Linn Evans (56yo)
President
- Tenure: 0.6yrs
- Compensation: US$2.19m
Scott Buchholz (57yo)
Senior VP & Chief Information Officer
- Tenure: 11.1yrs
- Compensation: US$927.80k
Rich Kinzley (53yo)
Senior VP & CFO
- Tenure: 4.6yrs
- Compensation: US$1.37m
Brian Iverson (56yo)
Senior VP
- Tenure: 3.3yrs
- Compensation: US$1.11m
Jerome Nichols
Director of Investor Relations & Corporate Communications
- Tenure: 8.3yrs
Esther Newbrough
VP & Corporate Controller
- Tenure: 4.6yrs
Kimberly Nooney
VP & Treasurer
- Tenure: 4.6yrs
Jennifer Landis (44yo)
Senior VP & Chief HR Officer
- Tenure: 2.5yrs
Board Members
Steve Mills (63yo)
Independent Director
- Tenure: 7.8yrs
- Compensation: US$185.00k
David Emery (56yo)
Executive Chairman
- Tenure: 14.3yrs
- Compensation: US$4.62m
Mark Schober (63yo)
Independent Director
- Tenure: 3.9yrs
- Compensation: US$172.50k
Tom Zeller (71yo)
Independent Director
- Tenure: 22.6yrs
- Compensation: US$177.50k
John Vering (69yo)
Lead Independent Director
- Tenure: 3.4yrs
- Compensation: US$205.00k
Mike Madison (70yo)
Independent Director
- Tenure: 7.3yrs
- Compensation: US$187.50k
Linn Evans (56yo)
President
- Tenure: 0.6yrs
- Compensation: US$2.19m
Teresa Taylor (55yo)
Independent Director
- Tenure: 2.9yrs
- Compensation: US$170.00k
Becky Roberts (66yo)
Independent Director
- Tenure: 8.3yrs
- Compensation: US$185.00k
Bob Otto (59yo)
Independent Director
- Tenure: 2.6yrs
- Compensation: US$172.50k
Company Information
Black Hills Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Black Hills Corporation
- Ticker: BKH
- Exchange: NYSE
- Founded: 1941
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: US$4.742b
- Shares outstanding: 61.06m
- Website: https://www.blackhillscorp.com
Number of Employees
Location
- Black Hills Corporation
- 7001 Mount Rushmore Road
- Rapid City
- South Dakota
- 57702
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BKH | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1969 |
| BHI | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1969 |
Biography
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through Electric Utilities, Gas Utilities, Power Generation, and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/21 23:33 |
| End of Day Share Price | 2019/08/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.