WallStSmart

Southwest Gas Holdings Inc (SWX)vsVistra Energy Corp (VST)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Vistra Energy Corp generates 814% more annual revenue ($17.74B vs $1.94B). SWX leads profitability with a 22.7% profit margin vs 5.3%. VST appears more attractively valued with a PEG of 1.36. SWX earns a higher WallStSmart Score of 57/100 (C).

SWX

Buy

57

out of 100

Grade: C

Growth: 2.0Profit: 6.5Value: 4.0Quality: 4.8
Piotroski: 4/9Altman Z: 0.63

VST

Buy

53

out of 100

Grade: C-

Growth: 3.3Profit: 6.0Value: 3.3Quality: 2.5
Piotroski: 2/9Altman Z: 0.73
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

SWXSignificantly Overvalued (-18.3%)

Margin of Safety

-18.3%

Fair Value

$72.67

Current Price

$91.90

$19.23 premium

UndervaluedFair: $72.67Overvalued
VSTSignificantly Overvalued (-54.4%)

Margin of Safety

-54.4%

Fair Value

$100.34

Current Price

$157.84

$57.50 premium

UndervaluedFair: $100.34Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

SWX3 strengths · Avg: 9.0/10
Operating MarginProfitability
33.9%10/10

Strong operational efficiency at 33.9%

Profit MarginProfitability
22.7%9/10

Keeps 23 of every $100 in revenue as profit

Price/BookValuation
1.7x8/10

Reasonable price relative to book value

VST1 strengths · Avg: 9.0/10
Market CapQuality
$53.44B9/10

Large-cap with strong market position

Areas to Watch

SWX4 concerns · Avg: 3.3/10
PEG RatioValuation
2.244/10

Expensive relative to growth rate

P/E RatioValuation
28.3x4/10

Moderate valuation

Return on EquityProfitability
6.1%3/10

ROE of 6.1% — below average capital efficiency

Revenue GrowthGrowth
-13.1%2/10

Revenue declined 13.1%

VST4 concerns · Avg: 2.5/10
Profit MarginProfitability
5.3%3/10

5.3% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

P/E RatioValuation
72.4x2/10

Premium valuation, high expectations priced in

Price/BookValuation
20.4x2/10

Trading at 20.4x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : SWX

The strongest argument for SWX centers on Operating Margin, Profit Margin, Price/Book. Profitability is solid with margins at 22.7% and operating margin at 33.9%.

Bull Case : VST

The strongest argument for VST centers on Market Cap. Revenue growth of 13.6% demonstrates continued momentum. PEG of 1.36 suggests the stock is reasonably priced for its growth.

Bear Case : SWX

The primary concerns for SWX are PEG Ratio, P/E Ratio, Return on Equity.

Bear Case : VST

The primary concerns for VST are Profit Margin, Piotroski F-Score, P/E Ratio. A P/E of 72.4x leaves little room for execution misses. Debt-to-equity of 3.36 is elevated, increasing financial risk.

Key Dynamics to Monitor

SWX profiles as a declining stock while VST is a value play — different risk/reward profiles.

VST carries more volatility with a beta of 1.50 — expect wider price swings.

VST is growing revenue faster at 13.6% — sustainability is the question.

VST generates stronger free cash flow (-82M), providing more financial flexibility.

Bottom Line

SWX scores higher overall (57/100 vs 53/100), backed by strong 22.7% margins. 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.

Southwest Gas Holdings Inc

UTILITIES · UTILITIES - REGULATED GAS · USA

Southwest Gas Holdings, Inc. purchases, distributes and transports natural gas in Arizona, Nevada and California. The company is headquartered in Las Vegas, Nevada.

Vistra Energy Corp

UTILITIES · UTILITIES - INDEPENDENT POWER PRODUCERS · USA

Vistra Corp. The company is headquartered in Irving, Texas.

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