BKH Black Hills Corporation - Fundamental Analysis
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BKH Stock | Fundamental Analysis & Investment Insights
NYSE
Utilities
Utilities - Regulated Gas
Current Price
Live
$71.68
Analyst Target
$76.25
+6.4%
Upside
52W High
$74.02
52W Low
$54.92
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Jan 24, 2026
Market cap
$5.41B
P/E
18.1
ROE
7.9%
Profit margin
12.5%
Debt/Equity
1.14
Dividend yield
3.74%
AI Analysis
Powered by advanced machine learning algorithms
Confidence Score
75%
Analysis Accuracy
The Advanced Deterministic Scorecard shows a Piotroski F-Score of 6/9, indicating stable financial health, but the absence of an Altman Z-Score limits distress risk assessment. The stock trades above the Graham defensive fair value of $66.70 at $71.68, supported by a forward P/E below sector average and solid dividend yield of 3.74%. Profitability metrics are healthy with strong gross and operating margins, though ROE and ROA are modest. Earnings growth has rebounded recently, but insider selling and weak technical trend signal caution despite analyst buy recommendation.
Key Strengths
Piotroski F-Score of 6 indicates stable financial health with balanced performance across profitability, leverage, and operating efficiency
Dividend yield of 3.74% is attractive relative to sector and broader market, supported by a manageable 67.63% payout ratio
Profitability margins are strong: gross margin at 38.54%, operating margin at 18.29%, and profit margin at 12.53%, all above sector averages
Revenue growth of 7.10% YoY outpaces peer average of 6.81%, indicating solid top-line momentum in a regulated utility environment
Forward P/E of 16.50 is below sector average of 24.53, suggesting relative valuation appeal
Key Risks
Current ratio of 0.91 and quick ratio of 0.40 indicate potential short-term liquidity pressure
Debt/Equity of 1.14 is moderate but elevated for a utility, especially with no Altman Z-Score to assess bankruptcy risk
Insider activity is bearish: CFO sold $1.03M in shares with no offsetting buys in last 6 months
Technical trend score of 10/100 signals strong bearish momentum near-term despite long-term price appreciation
Earnings growth YoY is negative at -1.80%, though recent quarters show reversal; inconsistent earnings beats (2 of last 4)
AI Fair Value Estimate
Based on comprehensive analysis
$69.0
-3.7% below current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
68
Strong
70
65
67
62
78
AI Verdict
Moderately positive with caution due to liquidity and insider concerns
Key drivers: Stable Piotroski score, Attractive dividend profile, Below-sector-average valuation, Recent earnings growth rebound, Bearish insider and technical signals
Confidence
75%
Value
70/100
Ref P/E, PEG, Graham Number
Positives
- Forward P/E of 16.50 below sector average of 24.53
- Price/Book of 1.44 is reasonable for regulated utility
- Graham Number suggests $66.70 baseline value
Watchpoints
- Current price ($71.68) trades above Graham Number by 7.5%
- No PEG ratio due to inconsistent earnings growth
Future
65/100
Ref Growth rates
Positives
- Most recent Q/Q EPS growth of +18.4%
- YoY EPS growth of +28.6% indicates strong recent acceleration
- Revenue growth of 7.10% YoY above sector average
Watchpoints
- Earnings growth YoY is -1.80%, indicating recent volatility
- Only 2 of last 4 quarters beat estimates
Past
67/100
Ref Historical trends
Positives
- 5-year price return of +43.4% shows solid long-term appreciation
- History of mixed but generally positive earnings surprises (average +5.51% over last 4)
Watchpoints
- Several large earnings misses, including -26.2% in Nov 2024
- Inconsistent quarterly beat rate
Health
62/100
Ref Altman Z-Score, Piotroski F-Score
Positives
- Piotroski F-Score of 6/9 indicates stable financial condition
- Positive operating cash flow implied by profitability and dividend coverage
Watchpoints
- Current ratio of 0.91 and quick ratio of 0.40 signal short-term liquidity risk
- No Altman Z-Score available to assess bankruptcy risk
Dividend
78/100
Ref Yield, Payout
Positives
- Dividend yield of 3.74% is high-quality for a regulated utility
- Payout ratio of 67.63% is sustainable given stable cash flows
- Dividend strength score of 50/100 suggests room for improvement but current safety is adequate
Watchpoints
- No data on 5-year average yield to assess consistency of payout policy
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$71.68
Analyst Target
$76.25
Upside/Downside
+6.4%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for BKH and closest competitors.
Updated 2026-01-23
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
BKH
Black Hills Corporation
Primary
|
+43.4% | +15.9% | +30.7% | +29.1% | +3.2% | -2.3% |
|
BIPC
Brookfield Infrastructure Corporation
Peer
|
+23.0% | +12.8% | +12.4% | +11.4% | -2.0% | -0.1% |
|
AQN
Algonquin Power & Utilities Corp.
Peer
|
-53.0% | +1.0% | +47.5% | +6.3% | +2.4% | -1.4% |
|
BEPC
Brookfield Renewable Corporation
Peer
|
-15.8% | +45.0% | +66.9% | +11.4% | +1.7% | +0.8% |
|
AVA
Avista Corporation
Peer
|
+28.8% | +11.4% | +17.6% | +10.5% | +4.3% | -0.3% |
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
18.1
Forward P/E
16.5
PEG Ratio
N/A
P/B Ratio
1.44
P/S Ratio
2.38
EV/Revenue
4.34
EV/EBITDA
12.25
Market Cap
$5.41B
Profitability
Profit margins and return metrics
Profit Margin
12.53%
Operating Margin
18.29%
Gross Margin
38.54%
ROE
7.92%
ROA
3.28%
Growth
Revenue and earnings growth rates
Revenue Growth
+7.1%
Earnings Growth
-1.8%
Q/Q Revenue Growth
N/A
Q/Q Earnings Growth
+2.0%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
1.14
Moderate
Current Ratio
0.91
Weak
Quick Ratio
0.4
Poor
Cash/Share
$0.28
Quarterly Earnings History
EPS performance vs analyst estimates
2026-02-04
$N/A
2025-11-05
$0.45
+13.9% surprise
2025-07-30
$0.38
+5.6% surprise
2025-05-07
$1.87
-2.9% surprise
Utilities Sector Comparison
Comparing BKH against 21 companies in the Utilities sector
(0 bullish, 18 neutral, 3 bearish)
P/E Ratio
18.1
This Stock
vs
24.3
Sector Avg
-25.5%
(Discount)
Return on Equity (ROE)
7.92%
This Stock
vs
-7.2%
Sector Avg
-210.0%
(Below Avg)
Profit Margin
12.53%
This Stock
vs
10.62%
Sector Avg
+18.1%
(Superior)
Debt to Equity
1.14
This Stock
vs
1.76
Sector Avg
-35.4%
(Less Debt)
Revenue Growth
7.1%
This Stock
vs
6.94%
Sector Avg
+2.3%
(Growing)
Current Ratio
0.91
This Stock
vs
0.88
Sector Avg
+3.6%
(Better)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
BKH
Black Hills Corporation
|
NEUTRAL | $5.41B | 18.1 | 7.9% | 12.5% | $71.68 | |
|
BIPC
Brookfield Infrastructure...
|
BEARISH | $5.45B | - | 34.8% | -4.3% | $45.55 | |
|
AQN
Algonquin Power & Utilities Corp.
|
NEUTRAL | $4.9B | 91.14 | 0.1% | -1.1% | $6.38 | |
|
BEPC
Brookfield Renewable Corporation
|
NEUTRAL | $7.15B | - | -5.9% | -22.9% | $39.79 | |
|
AVA
Avista Corporation
|
NEUTRAL | $3.26B | 16.97 | 7.3% | 9.6% | $40.04 |
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2025-11-10 | NOONEY KIMBERLY F | Chief Financial Officer | Sale | 14,500 | $1,025,150 |
| 2025-11-07 | NAKATA DARREN T. | Officer | Stock Award | 4,621 | - |
| 2025-08-01 | REDDEN DONALD LEE JR | Chief Technology Officer | Stock Award | 5,268 | - |
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
4 analysts
Scotiabank
2025-11-07
Sector Perform
Sector Outperform
B of A Securities
2025-08-20
Underperform
Neutral
B of A Securities
2025-08-01
Sell
Past News Coverage
Recent headlines mentioning BKH from our newsroom.
Newest → oldest
No matching news yet.