Black Hills Corporation (BKH)vsConstellation Energy Corp (CEG)
BKH
Black Hills Corporation
$74.31
-1.24%
UTILITIES · Cap: $5.65B
CEG
Constellation Energy Corp
$297.00
-2.85%
UTILITIES · Cap: $107.60B
Smart Verdict
WallStSmart Research — data-driven comparison
Constellation Energy Corp generates 1005% more annual revenue ($25.53B vs $2.31B). BKH leads profitability with a 12.6% profit margin vs 9.1%. BKH appears more attractively valued with a PEG of 2.73. BKH earns a higher WallStSmart Score of 57/100 (C).
BKH
Buy57
out of 100
Grade: C
CEG
Hold43
out of 100
Grade: D
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+16.7%
Fair Value
$87.12
Current Price
$74.31
$12.81 discount
Margin of Safety
-45.6%
Fair Value
$190.13
Current Price
$297.00
$106.87 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Strong operational efficiency at 26.2%
Large-cap with strong market position
Areas to Watch
0.9% earnings growth
Expensive relative to growth rate
Negative free cash flow — burning cash
Distress zone — elevated risk
Expensive relative to growth rate
Premium valuation, high expectations priced in
Earnings declined 48.9%
Negative free cash flow — burning cash
Comparative Analysis Report
WallStSmart ResearchBull Case : BKH
The strongest argument for BKH centers on Price/Book, Operating Margin.
Bull Case : CEG
The strongest argument for CEG centers on Market Cap. Revenue growth of 12.9% demonstrates continued momentum.
Bear Case : BKH
The primary concerns for BKH are EPS Growth, PEG Ratio, Free Cash Flow.
Bear Case : CEG
The primary concerns for CEG are PEG Ratio, P/E Ratio, EPS Growth. A P/E of 40.1x leaves little room for execution misses.
Key Dynamics to Monitor
CEG carries more volatility with a beta of 1.19 — expect wider price swings.
CEG is growing revenue faster at 12.9% — sustainability is the question.
BKH generates stronger free cash flow (-102M), providing more financial flexibility.
Monitor UTILITIES - REGULATED GAS industry trends, competitive dynamics, and regulatory changes.
Bottom Line
BKH scores higher overall (57/100 vs 43/100). Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Black Hills Corporation
UTILITIES · UTILITIES - REGULATED GAS · USA
Black Hills Corporation is a natural gas and electric utility company in the United States. The company is headquartered in Rapid City, South Dakota.
Constellation Energy Corp
UTILITIES · UTILITIES - INDEPENDENT POWER PRODUCERS · USA
Constellation Energy Corporation is an energy producer in the United States. The company is headquartered in Baltimore, Maryland.
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