WallStSmart

NiSource Inc (NI)vsNorthwest Natural Gas Co (NWN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

NiSource Inc generates 432% more annual revenue ($6.88B vs $1.29B). NI leads profitability with a 13.2% profit margin vs 9.7%. NI appears more attractively valued with a PEG of 2.38. NWN earns a higher WallStSmart Score of 54/100 (C-).

NI

Buy

50

out of 100

Grade: C-

Growth: 3.3Profit: 6.5Value: 5.0Quality: 3.5
Piotroski: 4/9Altman Z: 0.58

NWN

Buy

54

out of 100

Grade: C-

Growth: 5.3Profit: 5.0Value: 6.0Quality: 3.0
Piotroski: 3/9Altman Z: 0.59
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for NI.

NWNUndervalued (+17.3%)

Margin of Safety

+17.3%

Fair Value

$59.10

Current Price

$50.43

$8.67 discount

UndervaluedFair: $59.10Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NI1 strengths · Avg: 8.0/10
Price/BookValuation
2.1x8/10

Reasonable price relative to book value

NWN2 strengths · Avg: 9.0/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

P/E RatioValuation
17.0x8/10

Attractively priced relative to earnings

Areas to Watch

NI4 concerns · Avg: 3.3/10
PEG RatioValuation
2.384/10

Expensive relative to growth rate

Revenue GrowthGrowth
4.6%4/10

4.6% revenue growth

Debt/EquityHealth
1.833/10

Elevated debt levels

EPS GrowthGrowth
-58.4%2/10

Earnings declined 58.4%

NWN4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
3.1%4/10

3.1% revenue growth

Return on EquityProfitability
7.8%3/10

ROE of 7.8% — below average capital efficiency

Debt/EquityHealth
1.733/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : NI

The strongest argument for NI centers on Price/Book.

Bull Case : NWN

The strongest argument for NWN centers on Price/Book, P/E Ratio.

Bear Case : NI

The primary concerns for NI are PEG Ratio, Revenue Growth, Debt/Equity. Debt-to-equity of 1.83 is elevated, increasing financial risk.

Bear Case : NWN

The primary concerns for NWN are Revenue Growth, Return on Equity, Debt/Equity. Debt-to-equity of 1.73 is elevated, increasing financial risk.

Key Dynamics to Monitor

NI carries more volatility with a beta of 0.55 — expect wider price swings.

NI is growing revenue faster at 4.6% — sustainability is the question.

NWN generates stronger free cash flow (-12M), providing more financial flexibility.

Monitor UTILITIES - REGULATED GAS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

NWN scores higher overall (54/100 vs 50/100). 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.

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.

Northwest Natural Gas Co

UTILITIES · UTILITIES - REGULATED GAS · USA

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, industrial and transportation customers in Oregon and Southwest Washington. The company is headquartered in Portland, Oregon.

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