Financials Black Hills Corporation

Equities

BKH

US0921131092

Multiline Utilities

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
53.86 USD -0.63% Intraday chart for Black Hills Corporation -0.26% -0.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,827 3,856 4,504 4,578 3,668 3,678 - -
Enterprise Value (EV) 1 8,312 7,620 9,042 8,683 3,668 3,678 3,678 3,678
P/E ratio 23.9 x 16.8 x 18.9 x 17.7 x 13.8 x 13.8 x 13 x 12.3 x
Yield 2.61% 3.53% 3.25% 3.43% 4.63% 4.86% 5.04% 5.03%
Capitalization / Revenue 2.78 x 2.27 x 2.31 x 1.79 x 1.57 x 1.56 x 1.5 x 1.74 x
EV / Revenue 2.78 x 2.27 x 2.31 x 1.79 x 1.57 x 1.56 x 1.5 x 1.74 x
EV / EBITDA 7.85 x 5.91 x 6.98 x 6.48 x 5.03 x 4.82 x 4.43 x 4.63 x
EV / FCF -15,427,220 x -17,095,730 x - - - - - -
FCF Yield -0% -0% - - - - - -
Price to Book 2.04 x 1.51 x 1.64 x 1.55 x - 1.1 x 1.06 x -
Nbr of stocks (in thousands) 61,454 62,747 63,820 65,078 67,992 68,290 - -
Reference price 2 78.54 61.45 70.57 70.34 53.95 53.86 53.86 53.86
Announcement Date 2/6/20 2/9/21 2/9/22 2/7/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,735 1,697 1,949 2,552 2,331 2,359 2,449 2,118
EBITDA 1 615.1 652.8 645.4 706.1 729.5 762.3 830.2 794
EBIT 1 406 428.3 409.4 455.2 472.7 497.2 552.2 548
Operating Margin 23.4% 25.24% 21% 17.84% 20.28% 21.08% 22.55% 25.87%
Earnings before Tax (EBT) 262.6 275.6 258.4 295.9 303.8 - - -
Net income 199.3 227.6 236.7 258.4 262.2 - - -
Net margin 11.49% 13.41% 12.14% 10.13% 11.25% - - -
EPS 2 3.280 3.650 3.740 3.970 3.910 3.900 4.143 4.390
Free Cash Flow -312.9 -225.5 - - - - - -
FCF margin -18.03% -13.29% - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 2.050 2.170 2.290 2.410 2.500 2.620 2.717 2.710
Announcement Date 2/6/20 2/9/21 2/9/22 2/7/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 380.6 562.5 823.6 474.2 462.6 791.4 921.2 411.3 - 591.7 - - - -
EBITDA 149.1 - 233.9 136.5 - - - - - - - - - -
EBIT 89.9 114 173.4 72.4 79.5 130 174.9 63.5 - 136.5 - - - -
Operating Margin 23.62% 20.27% 21.05% 15.27% 17.19% 16.43% 18.99% 15.44% - 23.07% - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income 44.1 71.2 117.5 33.4 35 72.5 114.1 23.1 - 79.6 - - - -
Net margin 11.59% 12.66% 14.27% 7.04% 7.57% 9.16% 12.39% 5.62% - 13.45% - - - -
EPS 1 0.7000 1.110 1.820 0.5200 0.5400 1.110 1.730 0.3500 0.6700 1.170 1.720 0.3350 0.5250 1.270
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/2/21 2/9/22 5/4/22 8/3/22 11/2/22 2/7/23 5/3/23 8/2/23 11/1/23 2/7/24 - - - -
1USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 3,486 3,764 4,538 4,105 - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 5.667 x 5.766 x 7.031 x 5.814 x - - - -
Free Cash Flow -313 -226 - - - - - -
ROE (net income / shareholders' equity) 9.44% 9.25% 8.85% 8.94% - - - -
ROA (Net income/ Total Assets) 2.95% - - - - - - -
Assets 6,756 - - - - - - -
Book Value Per Share 1 38.40 40.80 43.10 45.30 - 49.00 51.10 -
Cash Flow per Share 1 8.310 8.680 -1.020 8.990 - 8.640 9.040 -
Capex 2 818 767 677 604 - 830 751 982
Capex / Sales 47.17% 45.22% 34.76% 23.68% - 35.16% 30.66% 46.34%
Announcement Date 2/6/20 2/9/21 2/9/22 2/7/23 2/7/24 - - -
1USD2USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
53.86 USD
Average target price
59.4 USD
Spread / Average Target
+10.29%
Consensus
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