WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Black Hills Corporation generates 27% more annual revenue ($2.29B vs $1.81B). BKH leads profitability with a 12.6% profit margin vs 10.5%. MDU appears more attractively valued with a PEG of 2.69. BKH 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

MDU

Hold

49

out of 100

Grade: D+

Growth: 2.7Profit: 5.5Value: 4.3Quality: 3.0
Piotroski: 1/9Altman Z: 0.89
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

Intrinsic value data unavailable for MDU.

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%

MDU1 strengths · Avg: 8.0/10
Price/BookValuation
1.5x8/10

Reasonable price relative to book value

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

MDU4 concerns · Avg: 2.5/10
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

PEG RatioValuation
2.692/10

Expensive relative to growth rate

Revenue GrowthGrowth
-10.2%2/10

Revenue declined 10.2%

Comparative Analysis Report

WallStSmart Research

Bull Case : BKH

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

Bull Case : MDU

The strongest argument for MDU centers on Price/Book.

Bear Case : BKH

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

Bear Case : MDU

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

MDU generates stronger free cash flow (57M), providing more financial flexibility.

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

Bottom Line

BKH scores higher overall (51/100 vs 49/100). Both earn "Buy" and "Hold" 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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