Stock AnalizBlack Hills Corp. BKH
Electric Utilities: Central · data as of November 13, 2026
Black Hills Corp. (BKH) is a utility company listed in the US with a market value of about $6.6B. In the twelve months to September 30, 2026 it had revenue of $2.3B and net income of $315M, a net margin of 13.5%.
Its overall Stock Analiz score is 1.6 out of 5 (weak). The strongest part is value (3/5); the weakest is financial health (0/5).
Key numbers: a P/E of 20.8, 5-year revenue growth of 6% a year, a 5-year average ROIC of 6%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 75% above the current price.
Score: 1.6 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- Profit margin improving
- Profitable 5 years in a row
- Pays a dividend
- Dividend 3 years in a row
- Stock-based pay below 5% of revenue
Checks not passed
- P/FCF below 20
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B | $2.3B | $2.1B | $2.3B | $2.6B | $1.9B | $1.7B | $1.7B | $1.8B | $1.7B | $1.5B |
| Net income | $315M | $292M | $273M | $262M | $258M | $237M | $228M | $199M | $258M | $177M | $73M |
| Free cash flow | -$315M | -$146M | -$25M | $389M | -$20M | -$742M | -$226M | -$313M | $31M | $102M | -$134M |
| EPS (diluted) | $4.17 | $3.98 | $3.91 | $3.91 | $3.97 | $3.74 | $3.65 | $3.28 | $4.66 | $3.21 | $1.37 |
| Net margin | 13.5% | 12.6% | 12.8% | 11.2% | 10.1% | 12.1% | 13.4% | 11.5% | 14.7% | 10.5% | 4.7% |
| ROIC | — | 5.5% | 5.8% | 5.7% | 5.8% | 5.8% | 6.2% | 6.5% | 6.1% | 6.4% | 5.0% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 7 analysts is $90.64, 5% above the current price; targets range from $87.00 to $95.00; the consensus rating is “Strong buy”; expected EPS is $4.35 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Black Hills’s P/E ratio?
About 20.8, based on the last twelve months of diluted earnings per share (forward P/E about 14.9).
Is Black Hills stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 75% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Black Hills pay a dividend?
Yes. The dividend yield is about 3.23%, and it has paid dividends for 10 years in our data.
Is Black Hills a good stock to buy?
We do not give buy or sell advice. Black Hills scores 1.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.