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
Debt/Capital0.660.67
Interest Expense35.134.61
Interest Coverage1.981.94


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)53.4752.28
Div / share0.450.42
EPS0.40.01
Book value / share31.3529.89
Institutional Own % n/a n/a
Avg Daily Volume296978.0370240.0

Valuation


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.


Price/Earnings
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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
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.

 
Price/Book
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.

 
Price/Sales
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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