Black Hills Corporation (BKH) vs Northwest Natural Gas Company (NWN)

Black Hills Corporation and Northwest Natural Gas Company are both Utilities Regulated Gas companies. Black Hills Corporation is the larger, with a market value of $5.8B against $2.0B — 2.9× the size. Northwest Natural Gas Company trades at the lower P/E: 15.9× against 19.2×. Northwest Natural Gas Company grew revenue faster over the last twelve months: 4.41% against 2.51%. Black Hills Corporation has the higher net margin (13.0% vs 9.75%) and the lower return on invested capital (4.11% vs 4.44%). Both pay a dividend; Northwest Natural Gas Company yields more (4.13% vs 3.66%). Across the 22 metrics below, Northwest Natural Gas Company leads on 15 and Black Hills Corporation on 7.

Valuation

Metric BKH NWN Utilities Regulated Gas median
P/E 19.16 15.89 16.06
P/S 2.51 1.55 2.12
P/B 1.44 1.29 1.53
Price to free cash flow n/m n/m —
EV/EBITDA 11.82 9.38 11.73
EV/Sales 4.39 3.56 3.56
Earnings yield 5.22% 6.29% 6.16%
Free cash flow yield (5.29%) (13.24%) (5.29%)

Profitability

Metric BKH NWN Utilities Regulated Gas median
Gross margin 65.24% 70.76% 63.14%
Operating margin 23.87% 22.85% 21.47%
Net margin 13.00% 9.75% 13.00%
Free cash flow margin (13.27%) (20.57%) (13.27%)
Return on equity 7.72% 8.35% 9.47%
Return on assets 2.83% 2.06% 3.80%
Return on invested capital 4.11% 4.44% 4.29%

Growth

Metric BKH NWN Utilities Regulated Gas median
Revenue growth (TTM) 2.51% 4.41% 6.36%
EPS growth (last fiscal year) 1.79% 36.45% 14.04%
Revenue growth, 5-year CAGR 6.36% 10.75% 6.36%
Net income growth, 5-year CAGR 5.08% 8.10% 8.10%

Health

Metric BKH NWN Utilities Regulated Gas median
Debt to equity 1.09 1.68 1.22
Current ratio 0.52 0.77 0.78
Net debt to EBITDA 5.43 5.46 4.68

Dividend

Metric BKH NWN Utilities Regulated Gas median
Dividend yield 3.66% 4.13% 3.74%
Payout ratio 0.70 0.66 0.58

Size

Metric BKH NWN Utilities Regulated Gas median
Market cap 5.83b 2.01b 4.55b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack