Black Hills Corporation (BKH)vsSuburban Propane Partners LP (SPH)
BKH
Black Hills Corporation
$70.27
+0.77%
UTILITIES · Cap: $5.49B
SPH
Suburban Propane Partners LP
$16.61
+0.85%
UTILITIES · Cap: $1.12B
Smart Verdict
WallStSmart Research — data-driven comparison
Black Hills Corporation generates 65% more annual revenue ($2.30B vs $1.39B). BKH leads profitability with a 13.0% profit margin vs 9.4%. SPH appears more attractively valued with a PEG of 1.21. BKH earns a higher WallStSmart Score of 63/100 (C+).
BKH
Buy63
out of 100
Grade: C+
SPH
Buy53
out of 100
Grade: C-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+1.3%
Fair Value
$73.56
Current Price
$70.27
$3.29 discount
Margin of Safety
+33.2%
Fair Value
$30.00
Current Price
$16.61
$13.39 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Strong operational efficiency at 21.4%
Earnings expanding 31.6% YoY
Attractively priced relative to earnings
Reasonable price relative to book value
Areas to Watch
3.1% revenue growth
ROE of 7.3% — below average capital efficiency
Elevated debt levels
Weak financial health signals
0.5% revenue growth
Smaller company, higher risk/reward
Operating margin of 0.8%
Elevated debt levels
Comparative Analysis Report
WallStSmart ResearchBull Case : BKH
The strongest argument for BKH centers on Price/Book, Operating Margin, EPS Growth.
Bull Case : SPH
The strongest argument for SPH centers on P/E Ratio, Price/Book. PEG of 1.21 suggests the stock is reasonably priced for its growth.
Bear Case : BKH
The primary concerns for BKH are Revenue Growth, Return on Equity, Debt/Equity.
Bear Case : SPH
The primary concerns for SPH are Revenue Growth, Market Cap, Operating Margin. Debt-to-equity of 1.86 is elevated, increasing financial risk.
Key Dynamics to Monitor
BKH carries more volatility with a beta of 0.69 — expect wider price swings.
BKH is growing revenue faster at 3.1% — sustainability is the question.
SPH generates stronger free cash flow (74M), providing more financial flexibility.
Monitor UTILITIES - REGULATED GAS industry trends, competitive dynamics, and regulatory changes.
Bottom Line
BKH scores higher overall (63/100 vs 53/100). SPH offers better value entry with a 33.2% margin of safety. 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.
Suburban Propane Partners LP
UTILITIES · UTILITIES - REGULATED GAS · USA
Suburban Propane Partners, LP, is engaged in the marketing and retail distribution of propane, fuel oil, and refined fuels. The company is headquartered in Whippany, New Jersey.
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