US · USD
BKH
Black Hills Corporation
- Day's range
- $74.20 – $77.98
- Day's volume
- $319.1M
- 52-week range
- $57.79 – $75.84
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See how BKH weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountBKH in numbers
- Market cap
- $5.8B
- P/E
- 19.33
- P/B
- 1.47
- Dividend yield (12m)
- 3.67%
- Net debt/EBITDA
- 5.24
The 12-month dividend yield of BKH is 3.67%, below its 5-year average of 3.93%.
BKH price history
BKH risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +5.75% | +65.45% | +43.69% |
| Volatility (annualized) | 17.16% | 18.06% | 20.49% |
| Largest drawdown | -5.92% | -10.40% | -34.31% |
| Positive months | 6/12 | 23/36 | 34/60 |
How much did investing in BKH return?
$1,000.00 invested on 11/01/2021 would be worth $1,436.89 today.
- Value today in BKH
- $1,436.89
- Return over the period
- +43.69%
- Return per year
- +7.63%
- In the S&P 500
- $1,708.29
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
BKH fundamentals
Valuation
- P/E19.33
- P/B1.47
- EV/EBITDA12.09
- EV/EBIT18.59
- EV/Revenue4.53
- P/EBIT10.53
- P/S2.57
- P/OCF9.20
- P/FCF-18.95
- Earnings yield5.38%
- PEG ratio—
- Earnings per share$3.92
- Book value per share$51.71
Debt
- Net debt$4.4B
- Net debt/EBITDA5.24
- Net debt/Equity1.12
- Debt/Equity1.14
- Current ratio0.52
- Quick ratio0.41
- Cash ratio0.05
Efficiency
- Gross margin—
- EBITDA margin37.46%
- Operating margin24.37%
- Net margin13.28%
- Asset turnover0.20
Profitability
- ROE7.58%
- ROA2.71%
- ROIC5.74%
- Payout71.00%
Growth
- Revenue CAGR (5 years)4.30%
- Earnings CAGR (5 years)4.95%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is BKH's fair price?
Two classic value formulas, with today's numbers. The current price is $75.84.
- Graham's fair price
- $67.56
- 10.92% below the price
√(22.50 × $3.92 × $51.71)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $41.68
- 45.04% below the price
$2.50 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
BKH's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 17.97 | 15.35 | 14.03 | 17.99 | 19.30 | 16.95 | 24.22 | 14.58 |
| P/B | 1.37 | 1.20 | 1.14 | 1.55 | 1.64 | 1.51 | 2.04 | 1.73 |
| EV/EBITDA | 11.88 | 11.07 | 10.96 | 13.17 | 14.11 | 11.68 | 13.51 | 11.61 |
| Dividend yield | 3.90% | 4.44% | 4.63% | 3.43% | 3.25% | 3.53% | 2.61% | 3.07% |
| Earnings per share | $3.86 | $3.81 | $3.84 | $3.91 | $3.66 | $3.62 | $3.24 | $4.31 |
| Book value per share | $50.66 | $48.89 | $47.15 | $45.31 | $43.05 | $40.79 | $38.42 | $36.36 |
| ROE | 7.63% | 7.80% | 8.15% | 8.63% | 8.49% | 8.89% | 8.44% | 11.85% |
| ROIC | 5.62% | 5.67% | 5.74% | 5.45% | 5.43% | 5.96% | 6.10% | 7.49% |
| EBITDA margin | 35.92% | 36.85% | 31.69% | 27.77% | 33.42% | 38.84% | 35.63% | 33.93% |
| Net margin | 12.75% | 13.02% | 11.39% | 10.16% | 12.26% | 13.54% | 11.54% | 14.78% |
| Net debt/EBITDA | 5.50 | 5.65 | 5.91 | 6.58 | 7.03 | 5.77 | 5.67 | 5.26 |
BKH's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $2.3B | $2.1B | $2.3B | $2.5B | $1.9B | $1.7B |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | $821.3M | $773.2M | $729.5M | $706.1M | $645.4M | $652.8M |
| EBIT | $537.5M | $503.1M | $472.7M | $455.2M | $409.4M | $428.3M |
| Financial result | -$194M | -$183.1M | -$171.1M | -$159.2M | -$151M | -$152.6M |
| Income before tax | $343.5M | $320M | $301.6M | $296M | $258.4M | $275.7M |
| Income tax | -$43.7M | -$36.3M | -$25.6M | -$25.2M | -$7.2M | -$32.9M |
| Net income | $291.6M | $273.1M | $262.2M | $258.4M | $236.7M | $227.6M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does BKH pay dividends?
Dividend yield per year
- 3.01%2017
- 3.07%2018
- 2.61%2019
- 3.53%2020
- 3.25%2021
- 3.43%2022
- 4.63%2023
- 4.44%2024
- 3.90%2025
- 2.78%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/14/2026 | 09/01/2026 | $0.70 |
| Dividend | 05/14/2026 | 06/01/2026 | $0.70 |
| Dividend | 02/16/2026 | 03/01/2026 | $0.70 |
| Dividend | 11/14/2025 | 12/01/2025 | $0.68 |
| Dividend | 08/15/2025 | 09/02/2025 | $0.68 |
| Dividend | 05/15/2025 | 06/01/2025 | $0.68 |
| Dividend | 02/17/2025 | 03/01/2025 | $0.68 |
| Dividend | 11/15/2024 | 12/01/2024 | $0.65 |
| Dividend | 08/16/2024 | 09/01/2024 | $0.65 |
| Dividend | 05/15/2024 | 06/01/2024 | $0.65 |
| Dividend | 02/14/2024 | 03/01/2024 | $0.65 |
| Dividend | 11/15/2023 | 12/01/2023 | $0.63 |
See all 40 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/16/2023 | 09/01/2023 | $0.63 |
| Dividend | 05/16/2023 | 06/01/2023 | $0.63 |
| Dividend | 02/10/2023 | 03/01/2023 | $0.63 |
| Dividend | 11/15/2022 | 12/01/2022 | $0.63 |
| Dividend | 08/16/2022 | 09/01/2022 | $0.60 |
| Dividend | 05/16/2022 | 06/01/2022 | $0.60 |
| Dividend | 02/10/2022 | 03/01/2022 | $0.60 |
| Dividend | 11/15/2021 | 12/01/2021 | $0.60 |
| Dividend | 08/16/2021 | 09/01/2021 | $0.57 |
| Dividend | 05/14/2021 | 06/01/2021 | $0.57 |
| Dividend | 02/10/2021 | 03/01/2021 | $0.57 |
| Dividend | 11/13/2020 | 12/01/2020 | $0.57 |
| Dividend | 08/14/2020 | 09/01/2020 | $0.54 |
| Dividend | 05/14/2020 | 06/01/2020 | $0.54 |
| Dividend | 02/12/2020 | 03/01/2020 | $0.54 |
| Dividend | 11/14/2019 | 12/01/2019 | $0.54 |
| Dividend | 08/15/2019 | 09/01/2019 | $0.51 |
| Dividend | 05/15/2019 | 06/01/2019 | $0.51 |
| Dividend | 02/13/2019 | 03/01/2019 | $0.51 |
| Dividend | 11/15/2018 | 12/01/2018 | $0.51 |
| Dividend | 08/16/2018 | 09/01/2018 | $0.48 |
| Dividend | 05/16/2018 | 06/01/2018 | $0.48 |
| Dividend | 02/13/2018 | 03/01/2018 | $0.48 |
| Dividend | 11/15/2017 | 12/01/2017 | $0.48 |
| Dividend | 08/15/2017 | 09/01/2017 | $0.45 |
| Dividend | 05/15/2017 | 06/01/2017 | $0.45 |
| Dividend | 02/10/2017 | 03/01/2017 | $0.45 |
| Dividend | 11/14/2016 | 12/01/2016 | $0.42 |
About Black Hills
- Sector
- Transportation and utilities
Questions about BKH
How much is BKH today?
BKH is at $75.84 (7.21% on the day), last traded on 10/07/2026.
How much did BKH pay in dividends in 2025?
BKH paid $2.70 per share in 2025, a dividend yield of 3.90%.
What are the P/E and P/B of BKH?
BKH trades at a P/E of 19.33 and a P/B of 1.47.
How much did BKH return in 12 months?
BKH returned 5.75% in 12 months, with annualized volatility of 17.16% and a largest drawdown of -5.92%.