Black Hills BKH Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Operating margin | 23.3%-0.4pp | 23.6%+3.4pp | 20.3%+2.4pp | 17.8%-3.2pp | |
| Net margin | 12.6%-0.2pp | 12.8%+1.6pp | 11.3%+1.1pp | 10.1%-2.0pp | |
| EBITDA margin | 35.6%-0.8pp | 36.3%+5.0pp | 31.3%+3.6pp | 27.7%-5.4pp | |
| Free cash flow margin | -6.3%-5.2pp | -1.2%-18.2pp | 17.1%+17.8pp | -0.8%+37.3pp | |
| Returns | |||||
| Return on equity | 8%-0.2pp | 8.1%-0.3pp | 8.4%-0.5pp | 8.9%+0.1pp | |
| Return on assets | 2.8%0.0pp | 2.8%+0.1pp | 2.7%0.0pp | 2.8%0.0pp | |
| Return on invested capital | 5.8%-0.2pp | 6%-0.1pp | 6.2%+0.4pp | 5.8%-0.1pp | |
| Efficiency | |||||
| Asset turnover | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.3×0.0× | |
| Liquidity | |||||
| Current ratio | 1.3×+0.4× | 1×+0.3× | 0.7×+0.1× | 0.6×-0.3× | |
| Quick ratio | 1.1×+0.3× | 0.8×+0.2× | 0.6×0.0× | 0.5×-0.2× | |
| Cash ratio | 0.2×+0.2× | 0×-0.1× | 0.1×+0.1× | 0×0.0× | |
| Leverage | |||||
| Debt-to-equity | 1.2×0.0× | 1.3×+0.1× | 1.2×-0.2× | 1.4×-0.2× | |
| Debt-to-assets | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×-0.1× | |
| Net debt / EBITDA | 5.5×-0.1× | 5.6×+0.6× | 5.1×-0.7× | 5.8×-1.2× | |
| Interest coverage | 2.6×0.0× | 2.6×0.0× | 2.6×-0.2× | 2.8×+0.1× | |
| Per Share | |||||
| Book value per share | $52.24+4.3% | $50.09+4.5% | $47.92+17.1% | $40.91-7.1% | |
| Valuation | |||||
| Market capitalization | $5.24B+25.1% | $4.19B+14.2% | $3.67B-19.9% | $4.58B+1.6% | |
| Enterprise value | $9.76B+14.0% | $8.56B+15.9% | $7.38B-15.1% | $8.7B-3.7% | |
| Price / earnings | 18×+2.6× | 15.3×+1.3× | 14×-3.7× | 17.7×-1.3× | |
| Price / sales | 2.3×+0.3× | 2×+0.4× | 1.6×-0.2× | 1.8×-0.5× | |
| Price / book | 1.4×+0.2× | 1.2×+0.1× | 1.1×-0.4× | 1.5×-0.1× | |
| EV / EBITDA | 11.9×+0.8× | 11.1×+0.9× | 10.1×-2.2× | 12.3×-1.7× | |
| EV / sales | 4.2×+0.2× | 4×+0.9× | 3.2×-0.2× | 3.4×-1.2× | |
| Free cash flow yield | -2.8%-2.2pp | -0.6%-11.4pp | 10.9%+11.3pp | -0.4%+16.0pp | |
| Earnings yield | 5.6%-1.0pp | 6.5%-0.6pp | 7.2%+1.5pp | 5.6%+0.4pp | |
| Dividend yield | 3.8%-0.6pp | 4.4%-0.2pp | 4.6%+1.2pp | 3.4%+0.2pp | |
| PEG ratio | 2.7×-1.0× | 3.7×-5.6× | 9.3×+7.3× | 1.9×-2.8× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Black Hills's ratios come from?
- Every ratio is computed from Black Hills's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
