Black Tangible Book Value Per Share from 2010 to 2024

BKH Stock  USD 55.98  0.38  0.68%   
Black Hills' Tangible Book Value Per Share is increasing with slightly volatile movements from year to year. Tangible Book Value Per Share is estimated to finish at 31.31 this year. For the period between 2010 and 2024, Black Hills, Tangible Book Value Per Share quarterly trend regression had mean deviation of  5.24 and range of 23.1734. View All Fundamentals
 
Tangible Book Value Per Share  
First Reported
2010-12-31
Previous Quarter
29.81940299
Current Value
31.31
Quarterly Volatility
7.13625989
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Black Hills financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Black main balance sheet or income statement drivers, such as Interest Expense of 186 M, Total Revenue of 2.4 B or Gross Profit of 312.7 M, as well as many exotic indicators such as Price To Sales Ratio of 1.66, Dividend Yield of 0.0424 or PTB Ratio of 1.86. Black financial statements analysis is a perfect complement when working with Black Hills Valuation or Volatility modules.
  
This module can also supplement Black Hills' financial leverage analysis and stock options assessment as well as various Black Hills Technical models . Check out the analysis of Black Hills Correlation against competitors.
For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.

Latest Black Hills' Tangible Book Value Per Share Growth Pattern

Below is the plot of the Tangible Book Value Per Share of Black Hills over the last few years. It is Black Hills' Tangible Book Value Per Share historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Black Hills' overall financial position and show how it may be relating to other accounts over time.
Tangible Book Value Per Share10 Years Trend
Slightly volatile
   Tangible Book Value Per Share   
       Timeline  

Black Tangible Book Value Per Share Regression Statistics

Arithmetic Mean20.35
Geometric Mean18.87
Coefficient Of Variation35.06
Mean Deviation5.24
Median21.53
Standard Deviation7.14
Sample Variance50.93
Range23.1734
R-Value0.59
Mean Square Error35.58
R-Squared0.35
Significance0.02
Slope0.95
Total Sum of Squares712.97

Black Tangible Book Value Per Share History

2024 31.31
2023 29.82
2022 27.46
2021 24.94
2020 21.66
2019 18.98
2018 17.9

About Black Hills Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Black Hills income statement, its balance sheet, and the statement of cash flows. Black Hills investors use historical funamental indicators, such as Black Hills's Tangible Book Value Per Share, to determine how well the company is positioned to perform in the future. Although Black Hills investors may use each financial statement separately, they are all related. The changes in Black Hills's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Black Hills's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Black Hills Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Black Hills. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Tangible Book Value Per Share 29.82  31.31 

Pair Trading with Black Hills

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Black Hills position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Black Hills will appreciate offsetting losses from the drop in the long position's value.

Moving together with Black Stock

  0.89NI NiSource Earnings Call This WeekPairCorr
  0.89SR Spire Inc Fiscal Year End 21st of November 2024 PairCorr
  0.89ATO Atmos Energy Earnings Call This WeekPairCorr
  0.81CPK Chesapeake Utilities Earnings Call This WeekPairCorr

Moving against Black Stock

  0.67HE Hawaiian Electric Earnings Call This WeekPairCorr
  0.53NFE New Fortress Energy Earnings Call This WeekPairCorr
  0.43DUKB Duke Energy CorpPairCorr
The ability to find closely correlated positions to Black Hills could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Hills when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Black Hills - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Black Hills to buy it.
The correlation of Black Hills is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Black Hills moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Hills moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Black Hills can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Black Hills offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Black Hills' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Black Hills Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Black Hills Stock:
Check out the analysis of Black Hills Correlation against competitors.
For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Complementary Tools for Black Stock analysis

When running Black Hills' price analysis, check to measure Black Hills' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Black Hills is operating at the current time. Most of Black Hills' value examination focuses on studying past and present price action to predict the probability of Black Hills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Hills' price. Additionally, you may evaluate how the addition of Black Hills to your portfolios can decrease your overall portfolio volatility.
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Is Black Hills' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Black Hills. If investors know Black will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Black Hills listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.057
Dividend Share
2.5
Earnings Share
3.91
Revenue Per Share
34.796
Quarterly Revenue Growth
(0.25)
The market value of Black Hills is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Hills' value that differs from its market value or its book value, called intrinsic value, which is Black Hills' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Black Hills' market value can be influenced by many factors that don't directly affect Black Hills' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Black Hills' value and its price as these two are different measures arrived at by different means. Investors typically determine if Black Hills is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Hills' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.