Black Hills Corporation (BKH)vsNiSource Inc (NI)
BKH
Black Hills Corporation
$68.85
+0.44%
UTILITIES · Cap: $5.24B
NI
NiSource Inc
$45.68
0.00%
UTILITIES · Cap: $21.86B
Smart Verdict
WallStSmart Research — data-driven comparison
NiSource Inc generates 188% more annual revenue ($6.64B vs $2.31B). NI leads profitability with a 14.0% profit margin vs 12.6%. NI appears more attractively valued with a PEG of 2.20. NI earns a higher WallStSmart Score of 62/100 (C+).
BKH
Buy57
out of 100
Grade: C
NI
Buy62
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-120.3%
Fair Value
$32.96
Current Price
$68.85
$35.89 premium
Margin of Safety
+6.7%
Fair Value
$47.89
Current Price
$45.68
$2.21 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Attractively priced relative to earnings
Strong operational efficiency at 26.2%
Reasonable price relative to book value
Strong operational efficiency at 27.0%
19.8% revenue growth
Areas to Watch
Expensive relative to growth rate
0.9% earnings growth
Negative free cash flow — burning cash
Distress zone — elevated risk
Expensive relative to growth rate
Negative free cash flow — burning cash
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : BKH
The strongest argument for BKH centers on Price/Book, P/E Ratio, Operating Margin.
Bull Case : NI
The strongest argument for NI centers on Price/Book, Operating Margin, Revenue Growth. Revenue growth of 19.8% demonstrates continued momentum.
Bear Case : BKH
The primary concerns for BKH are PEG Ratio, EPS Growth, Free Cash Flow.
Bear Case : NI
The primary concerns for NI are PEG Ratio, Free Cash Flow, Altman Z-Score.
Key Dynamics to Monitor
BKH profiles as a value stock while NI is a growth play — different risk/reward profiles.
BKH carries more volatility with a beta of 0.70 — expect wider price swings.
NI is growing revenue faster at 19.8% — sustainability is the question.
BKH generates stronger free cash flow (-102M), providing more financial flexibility.
Bottom Line
NI scores higher overall (62/100 vs 57/100) and 19.8% revenue growth. Both earn "Buy" and "Buy" 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.
NiSource Inc
UTILITIES · UTILITIES - REGULATED GAS · USA
NiSource Inc. is one of the largest fully regulated utility companies in the United States. The company is based in Merrillville, Indiana.
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