WallStSmart

NiSource Inc (NI)vsUGI Corporation (UGI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

UGI Corporation generates 8% more annual revenue ($7.36B vs $6.82B). NI leads profitability with a 14.1% profit margin vs 8.7%. NI appears more attractively valued with a PEG of 2.72. UGI earns a higher WallStSmart Score of 60/100 (C).

NI

Buy

60

out of 100

Grade: C+

Growth: 5.3Profit: 7.0Value: 4.3Quality: 3.5
Piotroski: 5/9Altman Z: 0.58

UGI

Buy

60

out of 100

Grade: C

Growth: 4.0Profit: 7.0Value: 4.7Quality: 4.0
Piotroski: 3/9Altman Z: 1.26
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for NI.

UGIOvervalued (-12.3%)

Margin of Safety

-12.3%

Fair Value

$33.93

Current Price

$35.43

$1.50 premium

UndervaluedFair: $33.93Overvalued

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

UGI3 strengths · Avg: 9.3/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
30.4%10/10

Strong operational efficiency at 30.4%

P/E RatioValuation
12.4x8/10

Attractively priced relative to earnings

Areas to Watch

NI4 concerns · Avg: 2.3/10
Debt/EquityHealth
1.743/10

Elevated debt levels

PEG RatioValuation
2.722/10

Expensive relative to growth rate

Free Cash FlowQuality
$-362.90M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.582/10

Distress zone — elevated risk

UGI4 concerns · Avg: 3.0/10
Revenue GrowthGrowth
0.7%4/10

0.7% revenue growth

Debt/EquityHealth
1.253/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
48.822/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : NI

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

Bull Case : UGI

The strongest argument for UGI centers on Price/Book, Operating Margin, P/E Ratio.

Bear Case : NI

The primary concerns for NI are Debt/Equity, PEG Ratio, Free Cash Flow. Debt-to-equity of 1.74 is elevated, increasing financial risk.

Bear Case : UGI

The primary concerns for UGI are Revenue Growth, Debt/Equity, Piotroski F-Score.

Key Dynamics to Monitor

UGI carries more volatility with a beta of 0.95 — expect wider price swings.

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

UGI generates stronger free cash flow (494M), providing more financial flexibility.

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

Bottom Line

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

UGI Corporation

UTILITIES · UTILITIES - REGULATED GAS · USA

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company is headquartered in King of Prussia, Pennsylvania.

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