NiSource Inc
Find Ratings ReportsNISOURCE INC's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. NISOURCE INC has weak liquidity. Currently, the Quick Ratio is 0.53 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 9.16% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 1422.0 | 1704.6 |
EBITDA ($mil) | 619.9 | 581.7 |
EBIT ($mil) | 362.6 | 365.5 |
Net Income ($mil) | 237.4 | 244.5 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 2281.1 | 75.4 |
Total Assets ($mil) | 31077.2 | 26736.6 |
Total Debt ($mil) | 14162.0 | 11352.2 |
Equity ($mil) | 8269.6 | 7575.4 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 43.59 | 34.13 |
EBITDA Margin | 43.59 | 34.12 |
Operating Margin | 25.5 | 21.44 |
Sales Turnover | 0.18 | 0.22 |
Return on Assets | 2.29 | 3.0 |
Return on Equity | 8.12 | 9.89 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.85 | 0.55 |
Debt/Capital | 0.63 | 0.6 |
Interest Expense | 141.0 | 101.8 |
Interest Coverage | 2.57 | 3.59 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 447.38 | 412.14 |
Div / share | 0.25 | 0.24 |
EPS | 0.5 | 0.52 |
Book value / share | 18.48 | 18.38 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 4315834.0 | 6476570.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 18.92 for the Utilities subsector and a discount compared to the S&P 500 average of 28.11. Conducting a second comparison, its price-to-book ratio of 1.45 indicates a significant discount versus the S&P 500 average of 4.71 and a discount versus the subsector average of 2.02. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, NISOURCE INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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NI 18.26 | Peers 18.92 | NI 6.21 | Peers 8.55 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. NI is trading at a valuation on par with its peers. |
Discount. 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 significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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NI 14.51 | Peers 15.18 | NI 1.13 | Peers 1.43 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. NI is trading at a valuation on par with 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 discount to its peers. |
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Price/Book |
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Earnings Growth |
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NI 1.45 | Peers 2.02 | NI -13.53 | Peers 129.06 | |||||||||||||||||||||
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 significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, NI is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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NI 2.18 | Peers 2.51 | NI -5.91 | Peers 1.90 | |||||||||||||||||||||
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 discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. NI significantly trails its peers on the basis of sales growth. |
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