Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States.
Established dividend payer with questionable track record.
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 has not had significant price volatility in the past 3 months.
7 Day Return
US Integrated Utilities
1 Year Return
US Integrated Utilities
Return vs Industry: BKH exceeded the US Integrated Utilities industry which returned 20.1% over the past year.
Return vs Market: BKH exceeded the US Market which returned 20.1% over the past year.
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
1 week ago | Simply Wall StBlack Hills Corporation (NYSE:BKH) Stock Goes Ex-Dividend In Just 4 Days
2 weeks ago | Simply Wall StDid Black Hills Corporation (NYSE:BKH) Use Debt To Deliver Its ROE Of 9.5%?
1 month ago | Simply Wall StIs Black Hills (NYSE:BKH) A Risky Investment?
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 ($85.35) is trading above our estimate of fair value ($53.49)
Significantly Below Fair Value: BKH is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BKH is poor value based on its PE Ratio (26x) compared to the Integrated Utilities industry average (21.8x).
PE vs Market: BKH is poor value based on its PE Ratio (26x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: BKH is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: BKH is good value based on its PB Ratio (2.3x) compared to the US Integrated Utilities industry average (2.3x).
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 (7.7% per year) is above the savings rate (1.7%).
Earnings vs Market: BKH's earnings (7.7% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: BKH's earnings are forecast to grow, but not significantly.
Revenue vs Market: BKH's revenue (6.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: BKH's revenue (6.9% 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 (9.5%).
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 (11.5%) are lower than last year (15.1%).
Past Earnings Growth Analysis
Earnings Trend: BKH's earnings have grown significantly by 27% per year over the past 5 years.
Accelerating Growth: BKH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BKH had negative earnings growth (-24.9%) over the past year, making it difficult to compare to the Integrated Utilities industry average (3.5%).
Return on Equity
High ROE: BKH's Return on Equity (8.8%) is considered low.
Return on Assets
Return on Capital Employed
How is Black Hills's financial position?
Financial Position Analysis
Short Term Liabilities: BKH's short term assets ($377.4M) do not cover its short term liabilities ($691.1M).
Long Term Liabilities: BKH's short term assets ($377.4M) do not cover its long term liabilities ($4.2B).
Debt to Equity History and Analysis
Debt Level: BKH's debt to equity ratio (137.7%) is considered high.
Reducing Debt: BKH's debt to equity ratio has increased from 119.9% to 137.7% over the past 5 years.
Debt Coverage: BKH's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: BKH's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Inventory Level: BKH has a high level of physical assets or inventory.
Debt Coverage by Assets: BKH's debt is not covered by short term assets (assets are 0.1x debt).
What is Black Hills's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BKH's dividend (2.51%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: BKH's dividend (2.51%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: BKH's dividends per share have been stable in the past 10 years.
Growing Dividend: BKH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (62.4%), BKH's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BKH's dividends in 3 years are forecast to be covered by earnings (59.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Linn Evans (56yo)
Mr. Linden R. Evans, also known as Linn, has been a Chief Executive Officer at Black Hills Power Inc. since January 1, 2019. Mr. Evans serves as a Chairman at Black Hills Power Inc. Mr. Evans served as Chi ...
CEO Compensation Analysis
Compensation vs Market: Linn's total compensation ($USD2.19M) is below average for companies of similar size in the US market ($USD6.26M).
Compensation vs Earnings: Linn's compensation has been consistent with company performance over the past year.
|Executive Chairman||14.8yrs||US$4.62m||0.18% $9.2m|
|Senior VP & CFO||5.1yrs||US$1.37m||0.072% $3.8m|
|Senior VP & Chief Information Officer||11.6yrs||US$927.80k||0.065% $3.4m|
|Senior VP||3.8yrs||US$1.11m||0.047% $2.5m|
|Director||0yrs||no data||no data|
|Senior VP & Chief HR Officer||3yrs||no data||0.021% $1.1m|
|Chief Risk Officer & VP||16.6yrs||no data||no data|
|VP & Corporate Controller||5.1yrs||no data||no data|
|VP & Treasurer||5.1yrs||no data||no data|
Experienced Management: BKH's management team is seasoned and experienced (5.1 years average tenure).
|Executive Chairman||14.8yrs||US$4.62m||0.18% $9.2m|
|Independent Director||8.3yrs||US$185.00k||0.021% $1.1m|
|Independent Director||4.4yrs||US$172.50k||0.0053% $276.4k|
|Independent Director||23.1yrs||US$177.50k||0.017% $912.1k|
|Lead Independent Director||3.9yrs||US$205.00k||0.018% $941.0k|
|Independent Director||7.8yrs||US$187.50k||0.025% $1.3m|
|Independent Director||3.4yrs||US$170.00k||0.0036% $187.8k|
|Independent Director||8.8yrs||US$185.00k||0.0076% $400.2k|
|Independent Director||3.1yrs||US$172.50k||0.0034% $178.9k|
Experienced Board: BKH's board of directors are considered experienced (6.1 years average tenure).
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 been diluted in the past year, with total shares outstanding growing by 11.5%.
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$5.245b
- Shares outstanding: 61.45m
- Website: https://www.blackhillscorp.com
Number of Employees
- Black Hills Corporation
- 7001 Mount Rushmore Road
- Rapid City
- South Dakota
- United States
|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|
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 Mining segments. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 212,000 electric customers in Colorado, Montana, South Dakota, and Wyoming, as well as provides electrical system construction services to large industrial customers. This segment owns 939 megawatts of generation capacity and 8,858 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,054,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. It also provides appliance repair services to residential customers through company technicians and third-party service providers; and constructs and maintains gas infrastructure facilities for gas transportation customers. This segment owns and operates approximately 4,700 miles of intrastate gas transmission pipelines; 41,158 miles of gas distribution mains and service lines; 7 natural gas storage sites; and approximately 45,000 horsepower of compression and 600 miles of gathering lines. The Power Generation segment produces electric power through wind, natural gas, and coal generating plants; and sells the electric capacity and energy primarily to utilities under long-term contracts. The Mining segment produces coal at its coal mine located near Gillette, Wyoming; and sells the coal to electric generation facilities. Black Hills Corporation was founded in 1941 and is headquartered in Rapid City, South Dakota.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 23:34|
|End of Day Share Price||2020/02/14 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.