WallStSmart

NiSource Inc (NI)vsOne Gas Inc (OGS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

NiSource Inc generates 194% more annual revenue ($6.82B vs $2.32B). NI leads profitability with a 14.1% profit margin vs 11.8%. NI appears more attractively valued with a PEG of 2.66. NI earns a higher WallStSmart Score of 60/100 (C+).

NI

Buy

60

out of 100

Grade: C+

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

OGS

Buy

51

out of 100

Grade: C-

Growth: 2.7Profit: 6.5Value: 4.7Quality: 3.8
Piotroski: 5/9Altman Z: 0.88
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NISignificantly Overvalued (-79.4%)

Margin of Safety

-79.4%

Fair Value

$24.89

Current Price

$47.03

$22.14 premium

UndervaluedFair: $24.89Overvalued
OGSUndervalued (+7.2%)

Margin of Safety

+7.2%

Fair Value

$89.84

Current Price

$84.96

$4.88 discount

UndervaluedFair: $89.84Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

OGS2 strengths · Avg: 8.0/10
Price/BookValuation
1.5x8/10

Reasonable price relative to book value

Operating MarginProfitability
22.7%8/10

Strong operational efficiency at 22.7%

Areas to Watch

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

OGS4 concerns · Avg: 2.5/10
EPS GrowthGrowth
3.0%4/10

3.0% earnings growth

PEG RatioValuation
4.192/10

Expensive relative to growth rate

Revenue GrowthGrowth
-11.1%2/10

Revenue declined 11.1%

Altman Z-ScoreHealth
0.882/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : NI

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

Bull Case : OGS

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

Bear Case : NI

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

Bear Case : OGS

The primary concerns for OGS are EPS Growth, PEG Ratio, Revenue Growth.

Key Dynamics to Monitor

NI profiles as a value stock while OGS is a declining play — different risk/reward profiles.

OGS carries more volatility with a beta of 0.71 — expect wider price swings.

NI is growing revenue faster at 8.2% — sustainability is the question.

OGS generates stronger free cash flow (20M), providing more financial flexibility.

Bottom Line

NI scores higher overall (60/100 vs 51/100). 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.

One Gas Inc

UTILITIES · UTILITIES - REGULATED GAS · USA

ONE Gas, Inc. is a regulated natural gas distribution company in the United States. The company is headquartered in Tulsa, Oklahoma.

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