WallStSmart

NewJersey Resources Corporation (NJR)vsSpire Inc (SR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Spire Inc generates 19% more annual revenue ($2.57B vs $2.15B). NJR leads profitability with a 15.2% profit margin vs 11.1%. NJR appears more attractively valued with a PEG of 2.10. SR earns a higher WallStSmart Score of 63/100 (C+).

NJR

Buy

53

out of 100

Grade: C-

Growth: 4.0Profit: 5.5Value: 7.3Quality: 4.3
Piotroski: 4/9Altman Z: 1.02

SR

Buy

63

out of 100

Grade: C+

Growth: 5.3Profit: 6.5Value: 10.0Quality: 5.0
Piotroski: 4/9Altman Z: 0.57
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NJRSignificantly Overvalued (-140.7%)

Margin of Safety

-140.7%

Fair Value

$21.96

Current Price

$54.12

$32.16 premium

UndervaluedFair: $21.96Overvalued
SRUndervalued (+37.1%)

Margin of Safety

+37.1%

Fair Value

$140.02

Current Price

$90.24

$49.78 discount

UndervaluedFair: $140.02Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NJR3 strengths · Avg: 8.0/10
P/E RatioValuation
16.8x8/10

Attractively priced relative to earnings

Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
23.0%8/10

Revenue surging 23.0% year-over-year

SR2 strengths · Avg: 8.0/10
Price/BookValuation
1.7x8/10

Reasonable price relative to book value

Operating MarginProfitability
23.4%8/10

Strong operational efficiency at 23.4%

Areas to Watch

NJR4 concerns · Avg: 2.5/10
PEG RatioValuation
2.104/10

Expensive relative to growth rate

EPS GrowthGrowth
-88.4%2/10

Earnings declined 88.4%

Free Cash FlowQuality
$-139.67M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
1.022/10

Distress zone — elevated risk

SR4 concerns · Avg: 2.8/10
PEG RatioValuation
2.464/10

Expensive relative to growth rate

Debt/EquityHealth
1.563/10

Elevated debt levels

Free Cash FlowQuality
$-121.80M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.572/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : NJR

The strongest argument for NJR centers on P/E Ratio, Price/Book, Revenue Growth. Profitability is solid with margins at 15.2% and operating margin at -7.5%. Revenue growth of 23.0% demonstrates continued momentum.

Bull Case : SR

The strongest argument for SR centers on Price/Book, Operating Margin. Revenue growth of 13.9% demonstrates continued momentum.

Bear Case : NJR

The primary concerns for NJR are PEG Ratio, EPS Growth, Free Cash Flow.

Bear Case : SR

The primary concerns for SR are PEG Ratio, Debt/Equity, Free Cash Flow. Debt-to-equity of 1.56 is elevated, increasing financial risk.

Key Dynamics to Monitor

NJR profiles as a growth stock while SR is a value play — different risk/reward profiles.

SR carries more volatility with a beta of 0.63 — expect wider price swings.

NJR is growing revenue faster at 23.0% — sustainability is the question.

SR generates stronger free cash flow (-122M), providing more financial flexibility.

Bottom Line

SR scores higher overall (63/100 vs 53/100) and 13.9% revenue growth. 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.

NewJersey Resources Corporation

UTILITIES · UTILITIES - REGULATED GAS · USA

New Jersey Resources Corporation, an energy services portfolio company, provides regulated gas distribution and retail and wholesale energy services. The company is headquartered in Wall, New Jersey.

Spire Inc

UTILITIES · UTILITIES - REGULATED GAS · USA

Spire Inc. engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company is headquartered in St. Louis, Missouri.

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