Black Hills Corporation (BKH)vsNiSource Inc (NI)
BKH
Black Hills Corporation
$73.39
-1.21%
UTILITIES · Cap: $5.66B
NI
NiSource Inc
$42.37
-0.31%
UTILITIES · Cap: $20.38B
Smart Verdict
WallStSmart Research — data-driven comparison
NiSource Inc generates 199% more annual revenue ($6.88B vs $2.30B). NI leads profitability with a 13.2% profit margin vs 13.0%. NI appears more attractively valued with a PEG of 2.38. BKH earns a higher WallStSmart Score of 63/100 (C+).
BKH
Buy63
out of 100
Grade: C+
NI
Buy50
out of 100
Grade: C-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+1.4%
Fair Value
$73.67
Current Price
$73.39
$0.28 discount
Intrinsic value data unavailable for NI.
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
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
4.6% revenue growth
Elevated debt levels
Earnings declined 58.4%
Comparative Analysis Report
WallStSmart ResearchBull Case : BKH
The strongest argument for BKH centers on Price/Book, Operating Margin, EPS Growth.
Bull Case : NI
The strongest argument for NI centers on Price/Book.
Bear Case : BKH
The primary concerns for BKH are Revenue Growth, Return on Equity, Debt/Equity.
Bear Case : NI
The primary concerns for NI are PEG Ratio, Revenue Growth, Debt/Equity. Debt-to-equity of 1.83 is elevated, increasing financial risk.
Key Dynamics to Monitor
BKH carries more volatility with a beta of 0.69 — expect wider price swings.
NI is growing revenue faster at 4.6% — sustainability is the question.
BKH generates stronger free cash flow (-73M), providing more financial flexibility.
Monitor UTILITIES - REGULATED GAS industry trends, competitive dynamics, and regulatory changes.
Bottom Line
BKH scores higher overall (63/100 vs 50/100). 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.
NiSource Inc
UTILITIES · UTILITIES - REGULATED GAS · USA
NiSource Inc. is one of the largest fully regulated utility companies in the United States. The company is based in Merrillville, Indiana.
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