WallStSmart

Black Hills Corporation (BKH)vsOPAL Fuels Inc (OPAL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Black Hills Corporation generates 578% more annual revenue ($2.29B vs $336.94M). BKH leads profitability with a 12.6% profit margin vs 5.7%. BKH trades at a lower P/E of 19.1x. 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

OPAL

Avoid

29

out of 100

Grade: F

Growth: 4.0Profit: 5.0Value: 7.0Quality: 5.0
Piotroski: 4/9Altman Z: 1.05
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
OPALUndervalued (+44.4%)

Margin of Safety

+44.4%

Fair Value

$4.26

Current Price

$2.22

$2.04 discount

UndervaluedFair: $4.26Overvalued

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%

OPAL1 strengths · Avg: 10.0/10
Return on EquityProfitability
234.4%10/10

Every $100 of equity generates 234 in profit

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

OPAL4 concerns · Avg: 3.5/10
P/E RatioValuation
29.9x4/10

Moderate valuation

Price/BookValuation
8.2x4/10

Trading at 8.2x book value

Market CapQuality
$366.12M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
5.7%3/10

5.7% margin — thin

Comparative Analysis Report

WallStSmart Research

Bull Case : BKH

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

Bull Case : OPAL

The strongest argument for OPAL centers on Return on Equity.

Bear Case : BKH

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

Bear Case : OPAL

The primary concerns for OPAL are P/E Ratio, Price/Book, Market Cap. Debt-to-equity of 54.41 is elevated, increasing financial risk.

Key Dynamics to Monitor

BKH profiles as a declining stock while OPAL is a value play — different risk/reward profiles.

OPAL carries more volatility with a beta of 0.77 — expect wider price swings.

BKH is growing revenue faster at -3.0% — sustainability is the question.

OPAL generates stronger free cash flow (-11M), providing more financial flexibility.

Bottom Line

BKH scores higher overall (51/100 vs 29/100). OPAL offers better value entry with a 44.4% margin of safety. Both earn "Buy" and "Avoid" 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.

OPAL Fuels Inc

UTILITIES · UTILITIES - REGULATED GAS · USA

OPAL Fuels Inc. is a leading participant in the renewable natural gas (RNG) sector, specializing in the transformation of organic waste into sustainable energy solutions that contribute to a low-carbon economy. The company boasts a robust portfolio of RNG production facilities and has cultivated strategic partnerships to strengthen its market presence. With a commitment to advanced technologies and innovative practices, OPAL Fuels is well-positioned to meet the growing demand for environmentally friendly energy alternatives, underscoring its potential for significant value creation within the evolving energy landscape.

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