WallStSmart

Northwest Natural Gas Co (NWN)vsUGI Corporation (UGI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

UGI Corporation generates 472% more annual revenue ($7.36B vs $1.29B). NWN leads profitability with a 9.6% profit margin vs 8.7%. NWN appears more attractively valued with a PEG of 2.54. UGI earns a higher WallStSmart Score of 60/100 (C).

NWN

Buy

58

out of 100

Grade: C

Growth: 4.7Profit: 6.0Value: 6.0Quality: 3.0
Piotroski: 3/9Altman Z: 0.59

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

NWNUndervalued (+17.3%)

Margin of Safety

+17.3%

Fair Value

$59.03

Current Price

$49.73

$9.30 discount

UndervaluedFair: $59.03Overvalued
UGIOvervalued (-12.4%)

Margin of Safety

-12.4%

Fair Value

$33.91

Current Price

$35.15

$1.24 premium

UndervaluedFair: $33.91Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NWN3 strengths · Avg: 9.3/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
33.2%10/10

Strong operational efficiency at 33.2%

P/E RatioValuation
17.3x8/10

Attractively priced relative to earnings

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

NWN4 concerns · Avg: 2.8/10
Return on EquityProfitability
7.8%3/10

ROE of 7.8% — below average capital efficiency

Debt/EquityHealth
1.703/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
2.542/10

Expensive relative to growth rate

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 : NWN

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

Bull Case : UGI

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

Bear Case : NWN

The primary concerns for NWN are Return on Equity, Debt/Equity, Piotroski F-Score. Debt-to-equity of 1.70 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.

UGI is growing revenue faster at 0.7% — 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

UGI scores higher overall (60/100 vs 58/100). NWN offers better value entry with a 17.3% 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.

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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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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