NI NiSource
too hard · 32
Owner-earnings value$34.25
Price$40.91
Margin of safety
-16.3%
Quality gate · 32/100
⚠ sub-hurdle returns (median roic 6% < 9%) · over-levered (net debt/EBITDA 5.0x > 4x)
Median ROIC5.9%
Gross margin50.8%
Net debt / EBITDA5.0x
FCF conversion-98%
Share count / yr+5.1%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 905.10M |
| Owner-earnings yield | 4.6% |
| Free-cash-flow yield | -7.4% |
| Growth used (normalized) | 4.3% |
| Market-implied growth (reverse DCF) | 8.6% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 944.21M | 4.3% | 866.24M |
| 2 | 983.62M | 4.2% | 827.89M |
| 3 | 1.02B | 4.0% | 790.12M |
| 4 | 1.06B | 3.9% | 753.01M |
| 5 | 1.10B | 3.7% | 716.63M |
| 6 | 1.14B | 3.6% | 681.04M |
| 7 | 1.18B | 3.4% | 646.30M |
| 8 | 1.22B | 3.3% | 612.47M |
| 9 | 1.26B | 3.1% | 579.58M |
| 10 | 1.30B | 3.0% | 547.67M |
Recent news
score · 8 articles
- Why Is NiSource (NI) Down 4% Since Last Earnings Report?
- These 3 AI stocks are bought by both hedge funds and mutual funds
- NiSource (NI): A Costly Quarter Masks A Bigger Bet
- NiSource (NI) Q2 2026 Earnings Call Transcript
- The Bull Case For NiSource (NI) Could Change Following Q2 Profit Drop Despite Higher Revenue
- NiSource (NI) Reports Mixed Q2 Results, Is It Still 15% Below Fair Value?
- NiSource Q2 Earnings Call Highlights
- NiSource Stock Outlook: Is Wall Street Bullish or Bearish?
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~9%/yr owner-earnings growth over 10y (reverse DCF); model credits 4%.