WallStSmart

Black Hills Corporation (BKH)vsUGI Corporation (UGI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

UGI Corporation generates 222% more annual revenue ($7.36B vs $2.29B). BKH leads profitability with a 12.6% profit margin vs 8.7%. BKH appears more attractively valued with a PEG of 2.82. UGI earns a higher WallStSmart Score of 62/100 (C+).

BKH

Buy

51

out of 100

Grade: C-

Growth: 2.0Profit: 6.5Value: 5.3Quality: 3.8
Piotroski: 4/9Altman Z: 0.92

UGI

Buy

62

out of 100

Grade: C+

Growth: 4.0Profit: 7.0Value: 6.7Quality: 3.8
Piotroski: 3/9Altman Z: 1.26
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BKHUndervalued (+15.5%)

Margin of Safety

+15.5%

Fair Value

$85.94

Current Price

$73.44

$12.50 discount

UndervaluedFair: $85.94Overvalued
UGIUndervalued (+20.5%)

Margin of Safety

+20.5%

Fair Value

$47.97

Current Price

$32.45

$15.52 discount

UndervaluedFair: $47.97Overvalued

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%

UGI3 strengths · Avg: 10.0/10
P/E RatioValuation
11.4x10/10

Attractively priced relative to earnings

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
30.6%10/10

Strong operational efficiency at 30.6%

Areas to Watch

BKH4 concerns · Avg: 2.3/10
Return on EquityProfitability
7.7%3/10

ROE of 7.7% — below average capital efficiency

PEG RatioValuation
2.822/10

Expensive relative to growth rate

Revenue GrowthGrowth
-3.0%2/10

Revenue declined 3.0%

EPS GrowthGrowth
-7.5%2/10

Earnings declined 7.5%

UGI4 concerns · Avg: 2.8/10
Revenue GrowthGrowth
0.7%4/10

0.7% revenue growth

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
48.822/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.262/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : BKH

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

Bull Case : UGI

The strongest argument for UGI centers on P/E Ratio, Price/Book, Operating Margin.

Bear Case : BKH

The primary concerns for BKH are Return on Equity, PEG Ratio, Revenue Growth.

Bear Case : UGI

The primary concerns for UGI are Revenue Growth, Piotroski F-Score, PEG Ratio.

Key Dynamics to Monitor

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

UGI carries more volatility with a beta of 0.97 — expect wider price swings.

UGI is growing revenue faster at 0.7% — sustainability is the question.

UGI generates stronger free cash flow (494M), providing more financial flexibility.

Bottom Line

UGI scores higher overall (62/100 vs 51/100). BKH offers better value entry with a 15.5% margin of safety. 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.

UGI Corporation

UTILITIES · UTILITIES - REGULATED GAS · USA

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company is headquartered in King of Prussia, Pennsylvania.

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