BKH Share Price | Black Hills Corp. Stock Analysis & Recommendation

Q: How big is Black Hills Corp.?

Market Cap: As of Jun 18, Black Hills Corp. has a market capitalization of 4,069.51 million, classifying it as a Small Cap company.Recent Quarterly Performance: For the latest four quarters, Black Hills Corp. reported net sales of 2,206.50 million and a net profit of 288.50 million.Balance Sheet Snapshot: As of Dec'24, the shareholder's funds amounted to 3,501.50 million, while total assets were reported at 10,385.70 million.

Q: What does Black Hills Corp. do?

Overview:Black Hills Corporation is an integrated energy holding company focused primarily on regulated utilities in the power industry, categorized as a small-cap company.Financial Snapshot:Most recent Net Sales: 805 Million (Quarterly Results - Mar 2025) Most recent Net Profit: 136 Million (Quarterly Results - Mar 2025) Market cap: USD 4,069.51 Million (Small Cap)Key Metrics:P/E: 14.00 Dividend Yield: 4.37% Debt Equity: 1.18 Return on Equity: 7.91% Price to Book: 1.12Contact Details:Address: 7001 Mt Rushmore Rd, PO Box 1400 RAPID CITY SD : 57709-1400 Tel: ['1 605 7212343', '1 605 7211171'] Fax: 1 605 3484748 Website: https://www.blackhillscorp.com/

Q: Is Black Hills Corp. overvalued or undervalued?

As of 7 May 2025, the valuation grade for Black Hills Corp. has moved from fair to expensive, indicating that the stock is overvalued. The company exhibits a P/E ratio of 14, which is lower than some peers like Pinnacle West Capital Corp. at 24.26, but still suggests a higher valuation relative to its earnings. Additionally, the EV to EBITDA ratio stands at 10.73, while the industry average is not provided, making it difficult to assess relative performance directly against the sector.In comparison to peers, Black Hills Corp. has a lower EV to EBIT ratio of 16.43 than OGE Energy Corp. at 17.83, yet it remains higher than the very attractive The AES Corp. at 12.64. The company's dividend yield of 4.29% is appealing, but the overall financial metrics suggest that it is overvalued. Over the past year, Black Hills Corp. has underperformed the S&P 500, with a return of -3.56% compared to the index's 17.14%, reinforcing the notion that the stock may not be a favorable investment at its current price.

Q: Is Black Hills Corp. technically bullish or bearish?

As of 3 October 2025, the technical trend for Black Hills Corp. has changed from bullish to mildly bullish. The weekly MACD is bullish, while the monthly MACD is mildly bullish, indicating some positive momentum. However, the weekly RSI is bearish, suggesting potential weakness in the short term. The daily moving averages are bullish, supporting a positive outlook on a shorter time frame. In terms of performance, the stock has underperformed the S&P 500 across multiple periods, with a 1-year return of 0.88% compared to the S&P 500's 17.82%, and a 3-year return of -13.00% versus 82.57% for the index. Overall, the current stance is mildly bullish, but the strength is tempered by mixed signals from the RSI and KST.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.18 M

Shareholding (Sep 2025)

FII

5.76%

Held by 122 FIIs

DII

44.45%

Held by 57 DIIs

Promoter

0.00%

How big is Black Hills Corp.?

22-Jun-2025

As of Jun 18, Black Hills Corp. has a market capitalization of $4.07 billion, with recent net sales of $2.21 billion and a net profit of $288.5 million.

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What does Black Hills Corp. do?

22-Jun-2025

Black Hills Corporation is an integrated energy holding company primarily focused on regulated utilities in the power industry, with a market cap of approximately $4.07 billion. As of March 2025, it reported net sales of $805 million and a net profit of $136 million.

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Who are in the management team of Black Hills Corp.?

22-Jun-2025

As of March 2022, the management team of Black Hills Corp. includes Executive Chairman David Emery, President and CEO Linden Evans, Lead Independent Director John Vering, and Independent Directors Barry Granger, Tony Jensen, Michael Madison, and Kathleen McAllister. They are responsible for the company's strategic direction and governance.

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Is Black Hills Corp. overvalued or undervalued?

20-Sep-2025

As of May 7, 2025, Black Hills Corp. is considered overvalued with a P/E ratio of 14, an EV to EBITDA ratio of 10.73, and a dividend yield of 4.29%, while underperforming the S&P 500 with a return of -3.56% over the past year.

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Is Black Hills Corp. technically bullish or bearish?

07-Oct-2025

As of October 3, 2025, Black Hills Corp. shows a mildly bullish trend with positive momentum from MACD indicators, but mixed signals from RSI suggest potential short-term weakness, and the stock has underperformed the S&P 500 significantly over the past year and three years.

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Compare Black Hills Corp. with Similar Stocks

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Score

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Strong Sell

Sell

Hold

Buy

Strong Buy

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Dashboard

Poor long term growth as Operating profit has grown by an annual rate 5.01% of over the last 5 years

Flat results in Jun 25

With ROCE of 6.48%, it has a expensive valuation with a 1.06 Enterprise value to Capital Employed

Mojo Parameters

Stock DNA

Industry

Power

Market cap

USD 5,531 Million (Small Cap)

P/E

14.00

Industry P/E

Dividend Yield

3.28%

Debt Equity

1.15

Return on Equity

7.74%

Price to Book

1.47

Revenue and Profits:

Net Sales:

430 Million

(Quarterly Results - Sep 2025)

Net Profit:

26 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

23.47%

6 Months

21.28%

1 Year

39.19%

2 Years

17.41%

3 Years

0.05%

4 Years

7.65%

5 Years

23.51%

Black Hills Corp. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

6.11%

EBIT Growth (5y)

5.01%

EBIT to Interest (avg)

2.78

Debt to EBITDA (avg)

6.14

Net Debt to Equity (avg)

1.18

Sales to Capital Employed (avg)

0.29

Tax Ratio

11.48%

Dividend Payout Ratio

66.55%

Pledged Shares

Institutional Holding

88.88%

ROCE (avg)

6.20%

ROE (avg)

8.81%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.14

EV to EBIT

16.43

EV to EBITDA

10.73

EV to Capital Employed

1.06

EV to Sales

3.83

PEG Ratio

Dividend Yield

4.29%

ROCE (Latest)

6.48%

ROE (Latest)

7.91%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

RSI

No Signal

Bollinger Bands

Bullish

Moving Averages

Bullish (Daily)

KST

Mildly Bearish

Bullish

Dow Theory

Mildly Bullish

OBV

Mildly Bullish

Mildly Bearish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 90 Schemes (49.72%)

Foreign Institutions

Held by 122 Foreign Institutions (5.76%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Sep'25 - YoY",
    "rhs": [
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        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Sep 2025 is 7.12% vs -1.35% in Sep 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Sep 2025 is -1.89% vs -45.90% in Sep 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
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          "field": "Net Sales",
          "val1": "430.20",
          "val2": "401.60",
          "chgp": "7.12%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "150.70",
          "val2": "145.40",
          "chgp": "3.65%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "49.90",
          "val2": "49.80",
          "chgp": "0.20%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-0.60",
          "val2": "-0.30",
          "chgp": "-100.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "25.90",
          "val2": "26.40",
          "chgp": "-1.89%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "184.10%",
          "val2": "189.50%",
          "chgp": "-0.54%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
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    "rhs": [
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        "prefix": "Net Sales ",
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        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is 2.79% vs 1.92% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "2,127.70",
          "val2": "2,331.30",
          "chgp": "-8.73%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "776.00",
          "val2": "736.70",
          "chgp": "5.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "192.30",
          "val2": "177.10",
          "chgp": "8.58%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.70",
          "val2": "-4.20",
          "chgp": "116.67%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "283.70",
          "val2": "276.00",
          "chgp": "2.79%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "237.80%",
          "val2": "205.90%",
          "chgp": "3.19%",
          "chgp_class": "positive"
        }
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]

Quarterly Results Snapshot (Consolidated) - Sep'25 - YoY

Sep'25

Sep'24

Change(%)

Net Sales

430.20

401.60

7.12%

Operating Profit (PBDIT) excl Other Income

150.70

145.40

3.65%

Interest

49.90

49.80

0.20%

Exceptional Items

-0.60

-0.30

-100.00%

Consolidate Net Profit

25.90

26.40

-1.89%

Operating Profit Margin (Excl OI)

184.10%

189.50%

-0.54%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Sep 2025 is 7.12% vs -1.35% in Sep 2024

Consolidated Net Profit

YoY Growth in quarter ended Sep 2025 is -1.89% vs -45.90% in Sep 2024

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'24

Dec'24

Dec'23

Change(%)

Net Sales

2,127.70

2,331.30

-8.73%

Operating Profit (PBDIT) excl Other Income

776.00

736.70

5.33%

Interest

192.30

177.10

8.58%

Exceptional Items

0.70

-4.20

116.67%

Consolidate Net Profit

283.70

276.00

2.79%

Operating Profit Margin (Excl OI)

237.80%

205.90%

3.19%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2024 is -8.73% vs -8.64% in Dec 2023

Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 2.79% vs 1.92% in Dec 2023

All Annual Results

Company CV

About Black Hills Corp.

Black Hills Corp.

Power

Black Hills Corporation is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through segments, including Electric Utilities, Gas Utilities, Power Generation, Mining, and Corporate. The Electric Utilities segment is engaged in generating, transmitting and distributing electricity to its customers in South Dakota, Wyoming, Colorado and Montana. The Gas Utilities Segment includes the natural gas operations of Cheyenne Light. The Power Generation segment produces electric power from its generating plants and sells the electric capacity and energy principally to its utilities under long-term contracts. The Mining segment operates through its Wyodak Resources Development Corp. (WRDC) subsidiary.

Company Coordinates

Company Details

7001 Mt Rushmore Rd, PO Box 1400 RAPID CITY SD : 57709-1400

Tel: 1 605 72123431 605 7211171

https://www.blackhillscorp.com/

Registrar Details

Black Hills Corp.

1Day

52 Week

CASH

FII

DII

Promoter

How big is Black Hills Corp.?

Watch in Real-Time

What does Black Hills Corp. do?

Who are in the management team of Black Hills Corp.?

Is Black Hills Corp. overvalued or undervalued?

Is Black Hills Corp. technically bullish or bearish?

Compare Black Hills Corp. with Similar Stocks

MarketsMojo — Loved in India, Now Global

Dashboard

Poor long term growth as Operating profit has grown by an annual rate 5.01% of over the last 5 years

Flat results in Jun 25

With ROCE of 6.48%, it has a expensive valuation with a 1.06 Enterprise value to Capital Employed

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

News

Announcements

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Consolidated) - Sep'25 - YoY

Annual Results Snapshot (Consolidated) - Dec'24

About Black Hills Corp.

Company Coordinates