WallStSmart

Black Hills Corporation (BKH)vsUGI Corporation (UGI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

UGI Corporation generates 217% more annual revenue ($7.30B vs $2.30B). BKH leads profitability with a 13.0% profit margin vs 9.2%. BKH appears more attractively valued with a PEG of 2.74. 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

UGI

Hold

48

out of 100

Grade: D+

Growth: 3.3Profit: 5.0Value: 5.3Quality: 4.0
Piotroski: 3/9Altman Z: 1.26
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BKHUndervalued (+1.4%)

Margin of Safety

+1.4%

Fair Value

$73.67

Current Price

$73.39

$0.28 discount

UndervaluedFair: $73.67Overvalued
UGIOvervalued (-13.6%)

Margin of Safety

-13.6%

Fair Value

$33.57

Current Price

$35.09

$1.52 premium

UndervaluedFair: $33.57Overvalued

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

UGI2 strengths · Avg: 10.0/10
P/E RatioValuation
11.8x10/10

Attractively priced relative to earnings

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

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

UGI4 concerns · Avg: 2.5/10
Debt/EquityHealth
1.293/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
48.822/10

Expensive relative to growth rate

Revenue GrowthGrowth
-4.5%2/10

Revenue declined 4.5%

Comparative Analysis Report

WallStSmart Research

Bull Case : BKH

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

Bull Case : UGI

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

Bear Case : BKH

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

Bear Case : UGI

The primary concerns for UGI are Debt/Equity, Piotroski F-Score, PEG Ratio.

Key Dynamics to Monitor

UGI carries more volatility with a beta of 0.95 — expect wider price swings.

BKH is growing revenue faster at 3.1% — 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 48/100). 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.

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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