NiSource Inc

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NI : NYSE : Utilities
$22.63 up 0.15 | 0.67%
Today's Range: 22.47 - 22.68
Avg. Daily Volume: 2,861,700
10/28/16 - 11:25 AM ET

Financial Analysis

NISOURCE INC's gross profit margin for the second quarter of its fiscal year 2016 has increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. NISOURCE INC has very weak liquidity. Currently, the Quick Ratio is 0.19 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity decreased from the same period a year ago, despite already having very weak liquidity to begin with. This would indicate deteriorating cash flow.

At the same time, stockholders' equity ("net worth") has significantly decreased by 41.42% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)897.6884.6
EBITDA ($mil)275.1217.9
EBIT ($mil)138.284.4
Net Income ($mil)28.6-36.4

Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)28.0521.8
Total Assets ($mil)17617.225606.9
Total Debt ($mil)7269.89485.5
Equity ($mil)3810.66505.9

Profitability Q2 FY16 Q2 FY15
Gross Profit Margin30.6524.63
EBITDA Margin30.6424.63
Operating Margin15.49.54
Sales Turnover0.240.19
Return on Assets1.491.63
Return on Equity7.542.55
Debt Q2 FY16 Q2 FY15
Current Ratio0.470.93
Interest Expense86.098.2
Interest Coverage1.610.86

Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)322.0317.67
Div / share0.160.26
Book value / share11.8320.48
Institutional Own % n/a n/a
Avg Daily Volume2925277.02979869.0


BUY. The current P/E ratio indicates a premium compared to an average of 23.71 for the Multi-Utilities industry and a value on par with the S&P 500 average of 24.66. For additional comparison, its price-to-book ratio of 1.93 indicates a discount versus the S&P 500 average of 2.73 and a discount versus the industry average of 2.21. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
NI 25.36 Peers 23.71   NI 8.89 Peers 7.84

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

NI is trading at a valuation on par with its peers.


Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

NI is trading at a premium to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
NI 19.84 Peers 17.37   NI 0.29 Peers 1.51

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

NI is trading at a premium to its peers.


Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

NI trades at a significant discount to its peers.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
NI 1.93 Peers 2.21   NI 73.07 Peers -3.53

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

NI is trading at a discount to its peers.


Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

NI is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
NI 1.73 Peers 2.42   NI -14.48 Peers -3.78

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

NI is trading at a significant discount to its industry on this measurement.


Lower. A sales growth rate that trails the industry implies that a company is losing market share.

NI significantly trails its peers on the basis of sales growth



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