Black Hills Corporation (BKH)vsSouthwest Gas Holdings Inc (SWX)
BKH
Black Hills Corporation
$70.14
+0.09%
UTILITIES · Cap: $5.49B
SWX
Southwest Gas Holdings Inc
$81.76
+0.27%
UTILITIES · Cap: $6.13B
Smart Verdict
WallStSmart Research — data-driven comparison
Black Hills Corporation generates 32% more annual revenue ($2.30B vs $1.74B). SWX leads profitability with a 31.4% profit margin vs 13.0%. SWX appears more attractively valued with a PEG of 1.86. SWX earns a higher WallStSmart Score of 65/100 (B-).
BKH
Buy63
out of 100
Grade: C+
SWX
Strong Buy65
out of 100
Grade: B-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+1.2%
Fair Value
$73.50
Current Price
$70.14
$3.36 discount
Intrinsic value data unavailable for SWX.
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
Keeps 31 of every $100 in revenue as profit
Strong operational efficiency at 24.2%
Earnings expanding 20.9% YoY
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
Revenue declined 9.6%
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, Operating Margin, EPS Growth.
Bull Case : SWX
The strongest argument for SWX centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 31.4% and operating margin at 24.2%.
Bear Case : BKH
The primary concerns for BKH are Revenue Growth, Return on Equity, Debt/Equity.
Bear Case : SWX
The primary concerns for SWX are PEG Ratio, Revenue Growth, Free Cash Flow.
Key Dynamics to Monitor
BKH profiles as a value stock while SWX is a declining play — different risk/reward profiles.
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.
BKH generates stronger free cash flow (-23M), providing more financial flexibility.
Bottom Line
SWX scores higher overall (65/100 vs 63/100), backed by strong 31.4% margins. 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.
Southwest Gas Holdings Inc
UTILITIES · UTILITIES - REGULATED GAS · USA
Southwest Gas Holdings, Inc. purchases, distributes and transports natural gas in Arizona, Nevada and California. The company is headquartered in Las Vegas, Nevada.
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