Black Hills Corp

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BKH : NYSE : Utilities
$68.02 | %
Today's Range: 67.77 - 68.58
Avg. Daily Volume: 357600.0
04/28/17 - 4:04 PM ET

Financial Analysis


BLACK HILLS CORP's gross profit margin for the fourth quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. BLACK HILLS CORP has very weak liquidity. Currently, the Quick Ratio is 0.29 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 10.14% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)463.79318.26
EBITDA ($mil)166.87109.96
EBIT ($mil)118.4671.41
Net Income ($mil)18.17-14.18


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)15.85458.23
Total Assets ($mil)6515.444655.5
Total Debt ($mil)3313.531943.67
Equity ($mil)1614.641465.87


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin35.9834.55
EBITDA Margin35.9734.55
Operating Margin25.5422.44
Sales Turnover0.240.28
Return on Assets1.11-0.68
Return on Equity4.51-2.19
Debt Q4 FY16 Q4 FY15
Current Ratio0.881.95
Debt/Capital0.670.57
Interest Expense35.624.45
Interest Coverage3.332.92


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)53.3851.19
Div / share0.420.41
EPS0.33-0.3
Book value / share30.2528.63
Institutional Own % n/a n/a
Avg Daily Volume349185.0374044.0

Valuation


BUY. BLACK HILLS CORP's P/E ratio indicates a significant premium compared to an average of 20.22 for the Multi-Utilities industry and a significant premium compared to the S&P 500 average of 24.92. For additional comparison, its price-to-book ratio of 2.22 indicates a discount versus the S&P 500 average of 2.99 and a discount versus the industry average of 2.35. The current price-to-sales ratio is above the S&P 500 average, but below the industry average.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
BKH 49.11 Peers 20.22   BKH 11.21 Peers 8.54

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

BKH is trading at a significant premium to its peers.

 

Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

BKH is trading at a significant premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
BKH 17.71 Peers 17.95   BKH 0.31 Peers 3.61

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

BKH is trading at a valuation on par with its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

BKH trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
BKH 2.22 Peers 2.35   BKH 295.71 Peers 18.18

Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

BKH is trading at a valuation on par with its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

BKH is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
BKH 2.28 Peers 2.46   BKH 20.57 Peers 0.01

Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

BKH is trading at a valuation on par with its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

BKH has a sales growth rate that significantly exceeds its peers.

 

 

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