WallStSmart

Black Hills Corporation (BKH)vsOne Gas Inc (OGS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

One Gas Inc generates 2% more annual revenue ($2.32B vs $2.29B). BKH leads profitability with a 12.6% profit margin vs 11.8%. BKH appears more attractively valued with a PEG of 2.71. OGS earns a higher WallStSmart Score of 51/100 (C-).

BKH

Buy

51

out of 100

Grade: C-

Growth: 2.0Profit: 6.5Value: 4.7Quality: 3.0
Piotroski: 3/9Altman Z: 0.92

OGS

Buy

51

out of 100

Grade: C-

Growth: 2.7Profit: 6.0Value: 4.7Quality: 4.0
Piotroski: 5/9Altman Z: 0.83
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BKHUndervalued (+1.4%)

Margin of Safety

+1.4%

Fair Value

$73.63

Current Price

$72.78

$0.85 discount

UndervaluedFair: $73.63Overvalued
OGSOvervalued (-15.0%)

Margin of Safety

-15.0%

Fair Value

$72.50

Current Price

$78.40

$5.90 premium

UndervaluedFair: $72.50Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BKH2 strengths · Avg: 9.0/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
25.9%8/10

Strong operational efficiency at 25.9%

OGS3 strengths · Avg: 8.7/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

P/E RatioValuation
17.6x8/10

Attractively priced relative to earnings

Operating MarginProfitability
22.7%8/10

Strong operational efficiency at 22.7%

Areas to Watch

BKH4 concerns · Avg: 2.8/10
Return on EquityProfitability
7.3%3/10

ROE of 7.3% — below average capital efficiency

Debt/EquityHealth
1.183/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
2.712/10

Expensive relative to growth rate

OGS4 concerns · Avg: 2.8/10
EPS GrowthGrowth
3.0%4/10

3.0% earnings growth

Return on EquityProfitability
7.8%3/10

ROE of 7.8% — below average capital efficiency

PEG RatioValuation
4.192/10

Expensive relative to growth rate

Revenue GrowthGrowth
-11.1%2/10

Revenue declined 11.1%

Comparative Analysis Report

WallStSmart Research

Bull Case : BKH

The strongest argument for BKH centers on Price/Book, Operating Margin.

Bull Case : OGS

The strongest argument for OGS centers on Price/Book, P/E Ratio, Operating Margin.

Bear Case : BKH

The primary concerns for BKH are Return on Equity, Debt/Equity, Piotroski F-Score.

Bear Case : OGS

The primary concerns for OGS are EPS Growth, Return on Equity, PEG Ratio.

Key Dynamics to Monitor

BKH carries more volatility with a beta of 0.70 — expect wider price swings.

BKH is growing revenue faster at -3.0% — sustainability is the question.

OGS generates stronger free cash flow (20M), providing more financial flexibility.

Monitor UTILITIES - REGULATED GAS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

BKH scores higher overall (51/100 vs 51/100). 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.

One Gas Inc

UTILITIES · UTILITIES - REGULATED GAS · USA

ONE Gas, Inc. is a regulated natural gas distribution company in the United States. The company is headquartered in Tulsa, Oklahoma.

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