Black Hills Corp

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BKH : NYSE : Utilities
$69.89 up 0.12 | 0.17%
Today's Range: 69.35 - 69.99
Avg. Daily Volume: 288400.0
08/23/17 - 4:02 PM ET

Financial Analysis

BLACK HILLS CORP's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. BLACK HILLS CORP has very weak liquidity. Currently, the Quick Ratio is 0.28 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

During the same period, stockholders' equity ("net worth") has increased by 7.28% 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 Q2 FY17 Q2 FY16
Net Sales ($mil)347.98325.44
EBITDA ($mil)118.03114.4
EBIT ($mil)69.3767.1
Net Income ($mil)22.20.67

Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)14.12118.78
Total Assets ($mil)6489.096394.86
Total Debt ($mil)3274.023227.09
Equity ($mil)1676.241562.43

Profitability Q2 FY17 Q2 FY16
Gross Profit Margin33.9235.15
EBITDA Margin33.9135.15
Operating Margin19.9320.62
Sales Turnover0.260.21
Return on Assets2.010.25
Return on Equity7.811.05
Debt Q2 FY17 Q2 FY16
Current Ratio0.820.3
Interest Expense35.134.61
Interest Coverage1.981.94

Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)53.4752.28
Div / share0.450.42
Book value / share31.3529.89
Institutional Own % n/a n/a
Avg Daily Volume296978.0370240.0


BUY. BLACK HILLS CORP's P/E ratio indicates a premium compared to an average of 21.43 for the Multi-Utilities industry and a premium compared to the S&P 500 average of 24.23. For additional comparison, its price-to-book ratio of 2.19 indicates a discount versus the S&P 500 average of 3.02 and a discount versus the industry average of 2.21. The current price-to-sales ratio is similar to the S&P 500 average, but it is below the industry average, indicating a discount.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
BKH 28.87 Peers 21.43   BKH 10.32 Peers 8.18

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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
BKH 18.27 Peers 18.48   BKH 0.18 Peers 2.93

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.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
BKH 2.19 Peers 2.21   BKH 815.38 Peers 29.48

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.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
BKH 2.16 Peers 2.41   BKH 24.43 Peers 7.50

Discount. 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 discount to 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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