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ISIN
US0921131092
CUSIP
092113109
Sector
Utilities
IPO Date
Sep 7, 1984

Highlights

Market Cap
$5.51B
Enterprise Value
$5.50B
EPS (TTM)
$2.10
PE Ratio
34.80
PEG Ratio
20.76
Total Revenue (TTM)
$2.29B
Gross Profit (TTM)
$596.90M
EBITDA (TTM)
$554.70M
Year Range
$55.50 - $78.69
Target Price
$91.00

Share Price Chart


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Performance

BKH Performance Chart

Black Hills Corporation (BKH) is up 7.1% since the beginning of the year. At $73 per share, BKH is trading 7.3% below its 52-week high of $79. Investors who bought $1,000 worth of BKH shares 5 years ago would now be looking at an investment worth $1,329.


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S&P 500 Index

Returns By Period

Black Hills Corporation (BKH) has returned 7.06% so far this year and 36.06% over the past 12 months. Over the last ten years, BKH has returned 5.35% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


Black Hills Corporation

1D
0.23%
1M
-1.84%
YTD
7.06%
6M
7.93%
1Y
36.06%
3Y*
11.84%
5Y*
5.86%
10Y*
5.35%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BKH Monthly Returns History

Based on dividend-adjusted daily data since Sep 7, 1984, BKH's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.

Historically, 57% of months were positive and 43% were negative. The best month was Dec 2000 with a return of +31.1%, while the worst month was Feb 2009 at -31.7%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 7 months.

On a daily basis, BKH closed higher 48% of trading days. The best single day was Oct 13, 2008 with a return of +15.5%, while the worst single day was Mar 16, 2020 at -17.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20265.13%1.90%-5.77%8.47%-2.36%0.14%7.06%
20250.36%5.37%-0.87%0.41%-2.87%-4.05%2.99%4.66%2.98%2.99%17.47%-5.92%23.93%
2024-4.06%1.81%4.94%0.55%4.01%-3.67%8.59%1.26%3.38%-3.16%9.38%-8.66%13.57%
20232.90%-14.32%2.75%3.47%-5.73%-1.13%0.12%-7.81%-8.02%-4.43%7.99%4.57%-19.95%
2022-4.01%4.25%10.04%-4.91%5.49%-5.07%6.09%-1.48%-10.27%-3.48%10.60%-1.80%3.08%
2021-3.79%0.99%12.86%3.31%-3.82%-0.24%3.08%4.78%-10.76%5.77%-2.53%10.06%18.86%

Benchmark Metrics

Black Hills Corporation has an annualized alpha of 7.22%, beta of 0.61, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since September 07, 1984.

  • This stock participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (76.52%) than losses (65.29%) - typical of diversified or defensive assets.
  • Beta of 0.61 may look defensive, but with R2 of 0.20 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
  • R2 of 0.20 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
7.22%
Beta
0.61
0.20
Upside Capture
76.52%
Downside Capture
65.29%

Return for Risk

Risk / Return Rank

BKH ranks 84 for risk / return — in the top 84% of stocks on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


BKH Risk / Return Rank: 8484
Overall Rank
BKH Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
BKH Sortino Ratio Rank: 8181
Sortino Ratio Rank
BKH Omega Ratio Rank: 8080
Omega Ratio Rank
BKH Calmar Ratio Rank: 8585
Calmar Ratio Rank
BKH Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Black Hills Corporation (BKH) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


BKHBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.40

Sortino ratioReturn per unit of downside risk

-0.47

Omega ratioGain probability vs. loss probability

1.30

1.37

-0.07

Calmar ratioReturn relative to maximum drawdown

3.31

2.78

+0.53

Martin ratioReturn relative to average drawdown

10.11

12.44

-2.33

Dividends

Dividend History

Black Hills Corporation provided a 3.78% dividend yield over the last twelve months, with an annual payout of $2.76 per share. The company has been increasing its dividends for 27 consecutive years, earning it the status of a dividend aristocrat.


3.00%3.50%4.00%4.50%$0.00$0.50$1.00$1.50$2.00$2.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$2.76$2.70$2.60$2.50$2.41$2.29$2.17$2.05$1.93$1.81$1.68$1.62

Dividend yield

3.78%3.90%4.44%4.63%3.43%3.25%3.53%2.61%3.07%3.01%2.74%3.49%

Monthly Dividends

The table displays the monthly dividend distributions for Black Hills Corporation. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.70$0.00$0.00$0.70$0.00$1.41
2025$0.00$0.68$0.00$0.00$0.68$0.00$0.00$0.68$0.00$0.00$0.68$0.00$2.70
2024$0.00$0.65$0.00$0.00$0.65$0.00$0.00$0.65$0.00$0.00$0.65$0.00$2.60
2023$0.00$0.63$0.00$0.00$0.63$0.00$0.00$0.63$0.00$0.00$0.63$0.00$2.50
2022$0.00$0.60$0.00$0.00$0.60$0.00$0.00$0.60$0.00$0.00$0.63$0.00$2.41
2021$0.00$0.57$0.00$0.00$0.57$0.00$0.00$0.57$0.00$0.00$0.60$0.00$2.29

Dividend Yield & Payout


Dividend Yield

Black Hills Corporation has a dividend yield of 3.78%, which is quite average when compared to the overall market.

Payout Ratio

Black Hills Corporation has a payout ratio of 96.20%, which is above the market average. This might signify the company's strong earnings or financial health. However, it could also hint at a more mature business phase with potentially slower growth.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Black Hills Corporation. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Black Hills Corporation was 65.72%, occurring on Mar 9, 2009. Recovery took 895 trading sessions.

The current Black Hills Corporation drawdown is 4.18%.


Related event

Drawdown

Fall

Recovery

Underwater

Financial crisis2007–2009
-65.72%Mar 2009
7y 9mo3y 6mo
11y 4moMay 2001 - Sep 2012
COVID crash2020
-40.45%Mar 2020
28d2y 1mo
2y 2moFeb 2020 - Apr 2022
1994 bear market1994
-37.45%Jul 1994
2y 1mo1y 8mo
3y 10moMay 1992 - Mar 1996
2023 bear market2023
-36.98%Oct 2023
1y 1mo2y 1mo
3y 2moAug 2022 - Nov 2025
2015 bear market2015
-36.73%Sep 2015
1y 2mo6mo
1y 8moJul 2014 - Mar 2016

Drawdown Indicators


BKHBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-65.72%

-56.78%

-8.94%

Max Drawdown (1Y)

Largest decline over 1 year

-10.94%

-9.10%

-1.84%

Max Drawdown (3Y)

Largest decline over 3 years

-21.24%

-18.90%

-2.34%

Max Drawdown (5Y)

Largest decline over 5 years

-36.98%

-25.43%

-11.55%

Max Drawdown (10Y)

Largest decline over 10 years

-40.45%

-33.92%

-6.53%

Current Drawdown

Current decline from peak

-4.18%

-1.80%

-2.38%

Average Drawdown

Average peak-to-trough decline

-16.19%

-10.71%

-5.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.58%

2.03%

+1.55%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of Black Hills Corporation over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Valuation

The Valuation section provides an overview of how Black Hills Corporation is priced in the market compared to other companies in the Utilities - Diversified industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for BKH, comparing it with other companies in the Utilities - Diversified industry. Currently, BKH has a P/E ratio of 34.8. This P/E ratio is significantly higher than those of industry peers. This could indicate that the stock is overvalued or that investors expect strong future growth.

PEG Ratio

The chart shows the Price/Earnings to Growth (PEG) ratio for BKH compared to other companies in the Utilities - Diversified industry. BKH currently has a PEG ratio of 20.8. This PEG ratio is higher than the industry average, which may suggest the stock is overvalued relative to its expected earnings growth.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for BKH relative to other companies in the Utilities - Diversified industry. Currently, BKH has a P/S ratio of 2.4. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items
Portfolio Analyzer

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