WallStSmart

NiSource Inc (NI)vsSuburban Propane Partners LP (SPH)

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Smart Verdict

WallStSmart Research — data-driven comparison

NiSource Inc generates 394% more annual revenue ($6.88B vs $1.39B). NI leads profitability with a 13.2% profit margin vs 9.4%. SPH appears more attractively valued with a PEG of 1.21. SPH earns a higher WallStSmart Score of 53/100 (C-).

NI

Buy

50

out of 100

Grade: C-

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

SPH

Buy

53

out of 100

Grade: C-

Growth: 2.7Profit: 6.0Value: 8.7Quality: 4.3
Piotroski: 4/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for NI.

SPHUndervalued (+33.2%)

Margin of Safety

+33.2%

Fair Value

$30.00

Current Price

$16.61

$13.39 discount

UndervaluedFair: $30.00Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NI1 strengths · Avg: 8.0/10
Price/BookValuation
2.0x8/10

Reasonable price relative to book value

SPH2 strengths · Avg: 9.0/10
P/E RatioValuation
8.8x10/10

Attractively priced relative to earnings

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Areas to Watch

NI4 concerns · Avg: 3.3/10
PEG RatioValuation
2.094/10

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%

SPH4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
0.5%4/10

0.5% revenue growth

Market CapQuality
$1.12B3/10

Smaller company, higher risk/reward

Operating MarginProfitability
0.8%3/10

Operating margin of 0.8%

Debt/EquityHealth
1.863/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : NI

The strongest argument for NI centers on Price/Book.

Bull Case : SPH

The strongest argument for SPH centers on P/E Ratio, Price/Book. PEG of 1.21 suggests the stock is reasonably priced for its growth.

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 : SPH

The primary concerns for SPH are Revenue Growth, Market Cap, Operating Margin. Debt-to-equity of 1.86 is elevated, increasing financial risk.

Key Dynamics to Monitor

NI carries more volatility with a beta of 0.54 — expect wider price swings.

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

SPH generates stronger free cash flow (74M), providing more financial flexibility.

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

Bottom Line

SPH scores higher overall (53/100 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.

Suburban Propane Partners LP

UTILITIES · UTILITIES - REGULATED GAS · USA

Suburban Propane Partners, LP, is engaged in the marketing and retail distribution of propane, fuel oil, and refined fuels. The company is headquartered in Whippany, New Jersey.

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