Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. More Details
Solid track record established dividend payer.
Share Price & News
How has Black Hills's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BKH is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BKH's weekly volatility (3%) has been stable over the past year.
7 Day Return
US Integrated Utilities
1 Year Return
US Integrated Utilities
Return vs Industry: BKH exceeded the US Integrated Utilities industry which returned 9.5% over the past year.
Return vs Market: BKH underperformed the US Market which returned 42.6% over the past year.
Long-Term 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
2 weeks ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In Black Hills Corporation's (NYSE:BKH) Shares?
4 weeks ago | Simply Wall StHow Good Is Black Hills Corporation (NYSE:BKH), When It Comes To ROE?
1 month ago | Simply Wall StDoes Black Hills (NYSE:BKH) Have A Healthy Balance Sheet?
Is Black Hills undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BKH ($67.13) is trading above our estimate of fair value ($47.69)
Significantly Below Fair Value: BKH is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BKH is good value based on its PE Ratio (18.2x) compared to the US Integrated Utilities industry average (20.8x).
PE vs Market: BKH is good value based on its PE Ratio (18.2x) compared to the US market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: BKH is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: BKH is good value based on its PB Ratio (1.6x) compared to the US Integrated Utilities industry average (2x).
How is Black Hills forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BKH's forecast earnings growth (6.8% per year) is above the savings rate (2%).
Earnings vs Market: BKH's earnings (6.8% per year) are forecast to grow slower than the US market (15.7% per year).
High Growth Earnings: BKH's earnings are forecast to grow, but not significantly.
Revenue vs Market: BKH's revenue (4% per year) is forecast to grow slower than the US market (9.5% per year).
High Growth Revenue: BKH's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BKH's Return on Equity is forecast to be low in 3 years time (8.8%).
How has Black Hills performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BKH has high quality earnings.
Growing Profit Margin: BKH's current net profit margins (12.9%) are higher than last year (11.3%).
Past Earnings Growth Analysis
Earnings Trend: BKH has become profitable over the past 5 years, growing earnings by 17.9% per year.
Accelerating Growth: BKH's earnings growth over the past year (22.3%) exceeds its 5-year average (17.9% per year).
Earnings vs Industry: BKH earnings growth over the past year (22.3%) exceeded the Integrated Utilities industry 21.3%.
Return on Equity
High ROE: BKH's Return on Equity (9%) is considered low.
How is Black Hills's financial position?
Financial Position Analysis
Short Term Liabilities: BKH's short term assets ($578.6M) do not cover its short term liabilities ($1.2B).
Long Term Liabilities: BKH's short term assets ($578.6M) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: BKH's debt to equity ratio (159.5%) is considered high.
Reducing Debt: BKH's debt to equity ratio has reduced from 228% to 159.5% over the past 5 years.
Debt Coverage: BKH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BKH's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Black Hills's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BKH's dividend (3.37%) is higher than the bottom 25% of dividend payers in the US market (1.3%).
High Dividend: BKH's dividend (3.37%) is low compared to the top 25% of dividend payers in the US market (3.46%).
Stability and Growth of Payments
Stable Dividend: BKH's dividends per share have been stable in the past 10 years.
Growing Dividend: BKH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59.7%), BKH's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BKH's dividends in 3 years are forecast to be covered by earnings (56.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Linn Evans (57 yo)
Mr. Linden R. Evans, also known as Linn, has been the Chief Executive Officer and Chairman at Black Hills Power Inc. since January 1, 2019. Mr. Evans served as Chief Operating Officer at Black Hills Power ...
CEO Compensation Analysis
Compensation vs Market: Linn's total compensation ($USD4.22M) is about average for companies of similar size in the US market ($USD5.31M).
Compensation vs Earnings: Linn's compensation has been consistent with company performance over the past year.
Experienced Management: BKH's management team is seasoned and experienced (5.2 years average tenure).
Experienced Board: BKH's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Black Hills Corporation's company bio, employee growth, exchange listings and data sources
- Name: Black Hills Corporation
- Ticker: BKH
- Exchange: NYSE
- Founded: 1941
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: US$4.221b
- Shares outstanding: 62.87m
- Website: https://www.blackhillscorp.com
Number of Employees
- Black Hills Corporation
- 7001 Mount Rushmore Road
- Rapid City
- South Dakota
- United States
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through four segments: Electric Utilities, Gas Utilities, Power ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/24 04:02|
|End of Day Share Price||2021/06/23 00:00|
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.