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 2.72. NI 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

OGS

Buy

51

out of 100

Grade: C-

Growth: 2.7Profit: 6.0Value: 4.0Quality: 4.0
Piotroski: 5/9Altman Z: 0.83
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for NI.

OGSSignificantly Overvalued (-15.1%)

Margin of Safety

-15.1%

Fair Value

$72.46

Current Price

$79.64

$7.18 premium

UndervaluedFair: $72.46Overvalued

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

OGS3 strengths · Avg: 8.7/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

P/E RatioValuation
17.8x8/10

Attractively priced relative to earnings

Operating MarginProfitability
22.7%8/10

Strong operational efficiency at 22.7%

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

OGS4 concerns · Avg: 2.8/10
EPS GrowthGrowth
3.0%4/10

3.0% earnings growth

Return on EquityProfitability
7.8%3/10

ROE of 7.8% — below average capital efficiency

PEG RatioValuation
4.192/10

Expensive relative to growth rate

Revenue GrowthGrowth
-11.1%2/10

Revenue declined 11.1%

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, P/E Ratio, Operating Margin.

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 : OGS

The primary concerns for OGS are EPS Growth, Return on Equity, PEG Ratio.

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 0.65 — 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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