WallStSmart

Black Hills Corporation (BKH)vsMDU Resources Group Inc (MDU)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Black Hills Corporation generates 26% more annual revenue ($2.30B vs $1.83B). BKH leads profitability with a 13.0% profit margin vs 10.7%. MDU appears more attractively valued with a PEG of 2.36. BKH earns a higher WallStSmart Score of 63/100 (C+).

BKH

Buy

63

out of 100

Grade: C+

Growth: 5.3Profit: 6.0Value: 4.7Quality: 3.0
Piotroski: 3/9Altman Z: 0.92

MDU

Buy

61

out of 100

Grade: C+

Growth: 6.7Profit: 5.0Value: 5.0Quality: 3.0
Piotroski: 1/9Altman Z: 0.89
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BKHUndervalued (+1.3%)

Margin of Safety

+1.3%

Fair Value

$73.56

Current Price

$71.30

$2.26 discount

UndervaluedFair: $73.56Overvalued

Intrinsic value data unavailable for MDU.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BKH3 strengths · Avg: 8.7/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
21.4%8/10

Strong operational efficiency at 21.4%

EPS GrowthGrowth
31.6%8/10

Earnings expanding 31.6% YoY

MDU2 strengths · Avg: 9.0/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

EPS GrowthGrowth
47.2%8/10

Earnings expanding 47.2% YoY

Areas to Watch

BKH4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
3.1%4/10

3.1% revenue growth

Return on EquityProfitability
7.3%3/10

ROE of 7.3% — below average capital efficiency

Debt/EquityHealth
1.143/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

MDU4 concerns · Avg: 3.0/10
PEG RatioValuation
2.364/10

Expensive relative to growth rate

Return on EquityProfitability
6.5%3/10

ROE of 6.5% — below average capital efficiency

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

Altman Z-ScoreHealth
0.892/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : BKH

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

Bull Case : MDU

The strongest argument for MDU centers on Price/Book, EPS Growth.

Bear Case : BKH

The primary concerns for BKH are Revenue Growth, Return on Equity, Debt/Equity.

Bear Case : MDU

The primary concerns for MDU are PEG Ratio, Return on Equity, Piotroski F-Score.

Key Dynamics to Monitor

BKH carries more volatility with a beta of 0.69 — expect wider price swings.

MDU is growing revenue faster at 6.9% — sustainability is the question.

MDU generates stronger free cash flow (72M), providing more financial flexibility.

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

Bottom Line

BKH scores higher overall (63/100 vs 61/100). 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.

MDU Resources Group Inc

UTILITIES · UTILITIES - REGULATED GAS · USA

MDU Resources Group, Inc. is involved in the regulated power supply and construction materials and services businesses in the United States. The company is headquartered in Bismarck, North Dakota.

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