Black Hills Corporation (BKH)vsSpire Inc (SR)
BKH
Black Hills Corporation
$71.30
-1.36%
UTILITIES · Cap: $5.60B
SR
Spire Inc
$80.20
-1.56%
UTILITIES · Cap: $4.82B
Smart Verdict
WallStSmart Research — data-driven comparison
Spire Inc generates 16% more annual revenue ($2.67B vs $2.30B). SR leads profitability with a 20.6% profit margin vs 13.0%. SR appears more attractively valued with a PEG of 2.46. SR earns a higher WallStSmart Score of 68/100 (B-).
BKH
Buy63
out of 100
Grade: C+
SR
Strong Buy68
out of 100
Grade: B-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+1.3%
Fair Value
$73.56
Current Price
$71.30
$2.26 discount
Intrinsic value data unavailable for SR.
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
Reasonable price relative to book value
Earnings expanding 1138.0% YoY
Keeps 21 of every $100 in revenue as profit
19.2% revenue growth
Areas to Watch
3.1% revenue growth
ROE of 7.3% — below average capital efficiency
Elevated debt levels
Weak financial health signals
Expensive relative to growth rate
Negative free cash flow — burning cash
Distress zone — elevated risk
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 : SR
The strongest argument for SR centers on Price/Book, EPS Growth, Profit Margin. Profitability is solid with margins at 20.6% and operating margin at 7.1%. Revenue growth of 19.2% demonstrates continued momentum.
Bear Case : BKH
The primary concerns for BKH are Revenue Growth, Return on Equity, Debt/Equity.
Bear Case : SR
The primary concerns for SR are PEG Ratio, Free Cash Flow, Altman Z-Score. Debt-to-equity of 2.03 is elevated, increasing financial risk.
Key Dynamics to Monitor
BKH profiles as a value stock while SR is a growth play — different risk/reward profiles.
BKH carries more volatility with a beta of 0.69 — expect wider price swings.
SR is growing revenue faster at 19.2% — sustainability is the question.
BKH generates stronger free cash flow (-23M), providing more financial flexibility.
Bottom Line
SR scores higher overall (68/100 vs 63/100), backed by strong 20.6% margins and 19.2% revenue growth. Both earn "Strong 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.
Spire Inc
UTILITIES · UTILITIES - REGULATED GAS · USA
Spire Inc. engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company is headquartered in St. Louis, Missouri.
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