Black Hills Corp valuation and forecast
Explore the models for Black Hills Corp, adjust their assumptions and compare your own valuation with the platform's.
Stock price today
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Third-party market data · may be delayed
Fair value per share
Under review: analysts' forecasts describe a different business from the one in the latest filings (spin-off, disposal or merger).
Price vs value
Under review: analysts' forecasts describe a different business from the one in the latest filings (spin-off, disposal or merger). We'll show the comparison once resolved.
Analyst recommendations
Monthly trend
- Nov 20267
- Oct 20266
- Sep 20265
Counts of recommendations published by analysts covering Black Hills Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.
Price history
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Third-party market data · may be delayed
The assumptions
- Free cash flow (TTM, FY2026 Q2)
- -$305M
- Less stock-based pay
- $12.5M
- Cash flow we value
- $64.4M
- Growth, years 1–5 (base)
- %
- Then fading to
- 2.5%
- Discount rate
- 8.5%
- Net cash added
- -$4.5B
- Diluted shares
- 76M
What would move the value
- Growth 5 points lower
- —
- Growth 5 points higher
- —
- Free-cash-flow margin 1 point lower
- —
- Discount rate 1 point higher
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Change in our model value when one input moves, all else equal.
BKH valuation questions
- How does Fundamentalytics value Black Hills Corp?
- We use the models that fit Black Hills Corp's business and available financial data: utility earnings model, price-to-earnings vs peers, justified price-to-book, residual income, dividend discount (two-stage). Each model has its own assumptions and data requirements. The calculator explains which models are available and lets you adjust their inputs.
Data: SEC EDGAR filings, retrieved October 26, 2026. Method: how we value companies. Disclosures: research and recommendations disclosure. Back to Black Hills Corp.