WallStSmart

Centuri Holdings, Inc. (CTRI)vsNiSource Inc (NI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

NiSource Inc generates 116% more annual revenue ($6.82B vs $3.16B). NI leads profitability with a 14.1% profit margin vs 1.0%. CTRI appears more attractively valued with a PEG of 1.01. NI earns a higher WallStSmart Score of 60/100 (C+).

CTRI

Buy

59

out of 100

Grade: C

Growth: 8.0Profit: 4.0Value: 6.0Quality: 6.0
Piotroski: 6/9Altman Z: 1.79

NI

Buy

60

out of 100

Grade: C+

Growth: 5.3Profit: 7.0Value: 3.3Quality: 3.8
Piotroski: 4/9Altman Z: 0.59
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CTRIUndervalued (+62.9%)

Margin of Safety

+62.9%

Fair Value

$84.73

Current Price

$33.20

$51.53 discount

UndervaluedFair: $84.73Overvalued
NISignificantly Overvalued (-79.4%)

Margin of Safety

-79.4%

Fair Value

$24.89

Current Price

$47.03

$22.14 premium

UndervaluedFair: $24.89Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CTRI2 strengths · Avg: 10.0/10
Revenue GrowthGrowth
31.5%10/10

Revenue surging 31.5% year-over-year

EPS GrowthGrowth
175.2%10/10

Earnings expanding 175.2% YoY

NI2 strengths · Avg: 9.0/10
Operating MarginProfitability
34.8%10/10

Strong operational efficiency at 34.8%

Price/BookValuation
2.4x8/10

Reasonable price relative to book value

Areas to Watch

CTRI4 concerns · Avg: 3.3/10
Altman Z-ScoreHealth
1.794/10

Distress zone — elevated risk

Return on EquityProfitability
4.4%3/10

ROE of 4.4% — below average capital efficiency

Profit MarginProfitability
1.0%3/10

1.0% margin — thin

Debt/EquityHealth
1.813/10

Elevated debt levels

NI3 concerns · Avg: 2.0/10
PEG RatioValuation
2.662/10

Expensive relative to growth rate

Free Cash FlowQuality
$-362.90M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.592/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : CTRI

The strongest argument for CTRI centers on Revenue Growth, EPS Growth. Revenue growth of 31.5% demonstrates continued momentum. PEG of 1.01 suggests the stock is reasonably priced for its growth.

Bull Case : NI

The strongest argument for NI centers on Operating Margin, Price/Book.

Bear Case : CTRI

The primary concerns for CTRI are Altman Z-Score, Return on Equity, Profit Margin. A P/E of 92.2x leaves little room for execution misses. Debt-to-equity of 1.81 is elevated, increasing financial risk.

Bear Case : NI

The primary concerns for NI are PEG Ratio, Free Cash Flow, Altman Z-Score.

Key Dynamics to Monitor

CTRI profiles as a hypergrowth stock while NI is a value play — different risk/reward profiles.

CTRI carries more volatility with a beta of 1.35 — expect wider price swings.

CTRI is growing revenue faster at 31.5% — sustainability is the question.

CTRI generates stronger free cash flow (-55M), providing more financial flexibility.

Bottom Line

NI scores higher overall (60/100 vs 59/100). CTRI offers better value entry with a 62.9% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Centuri Holdings, Inc.

UTILITIES · UTILITIES - REGULATED GAS · USA

Centuri Holdings, Inc. is a prominent infrastructure services provider focused on the utility sector, with a specialization in the installation and maintenance of energy and utility systems. Operating across North America, the company boasts a robust portfolio that includes pipeline installation and utility construction, essential for facilitating the transition to sustainable energy solutions. Centuri prioritizes safety and sustainability and employs innovative technologies to enhance operational efficiency and service delivery. Through strategic partnerships and a nimble business model, Centuri is well-positioned to adapt to the evolving utility landscape, offering significant growth potential and value creation for institutional investors.

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NiSource Inc

UTILITIES · UTILITIES - REGULATED GAS · USA

NiSource Inc. is one of the largest fully regulated utility companies in the United States. The company is based in Merrillville, Indiana.

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