Nisource Inc.
NI
Electric & Other Services Combined
Mkt Cap
$11.27BPE
17.03Debt
$14.13BCash
$2.281BEV
$23.11BFCF
-$710.7MP/E Ratio
17.03Debt
$14.13BCash
$2.281BEV
$23.11BFCF
-$710.7MCharts data: {"Earnings":[{"time":"2014-12-30","value":530000000},{"time":"2015-12-30","value":286500000},{"time":"2016-12-30","value":331500000},{"time":"2017-12-30","value":128500000},{"time":"2018-12-30","value":-65600000},{"time":"2019-12-30","value":328000000},{"time":"2020-12-30","value":-72700000},{"time":"2021-12-30","value":529800000},{"time":"2022-12-30","value":749000000},{"time":"2023-12-30","value":661700000}],"Sales":[{"time":"2014-12-30","value":6470600000},{"time":"2015-12-30","value":4651800000},{"time":"2016-12-30","value":4492500000},{"time":"2017-12-30","value":4874600000},{"time":"2018-12-30","value":4991100000},{"time":"2019-12-30","value":5053400000},{"time":"2020-12-30","value":4473200000},{"time":"2021-12-30","value":4731300000},{"time":"2022-12-30","value":5738600000},{"time":"2023-12-30","value":5347800000}],"Net Margins":[{"time":"2014-12-30","value":0.08190894198374185},{"time":"2015-12-30","value":0.061589062298465114},{"time":"2016-12-30","value":0.07378964941569283},{"time":"2017-12-30","value":0.02636113732408813},{"time":"2018-12-30","value":-0.013143395243533489},{"time":"2019-12-30","value":0.06490679542486247},{"time":"2020-12-30","value":-0.01625234731288563},{"time":"2021-12-30","value":0.11197768055291357},{"time":"2022-12-30","value":0.13051963893632593},{"time":"2023-12-30","value":0.1237331239014174}],"Assets":[{"time":"2014-12-30","value":24866300000},{"time":"2015-12-30","value":17492500000},{"time":"2016-12-30","value":18691900000},{"time":"2017-12-30","value":19961700000},{"time":"2018-12-30","value":21804000000},{"time":"2019-12-30","value":22659800000},{"time":"2020-12-30","value":22040500000},{"time":"2021-12-30","value":24156900000},{"time":"2022-12-30","value":26736600000},{"time":"2023-12-30","value":31077200000}],"Stockholders Equity":[{"time":"2014-12-30","value":6175300000},{"time":"2015-12-30","value":3843500000},{"time":"2016-12-30","value":4071200000},{"time":"2017-12-30","value":4320100000},{"time":"2018-12-30","value":5750900000},{"time":"2019-12-30","value":5986700000},{"time":"2020-12-30","value":5837800000},{"time":"2021-12-30","value":7272900000},{"time":"2022-12-30","value":7901800000},{"time":"2023-12-30","value":10136300000}],"ROE":[{"time":"2014-12-30","value":0.08582578984016971},{"time":"2015-12-30","value":0.07454143358917653},{"time":"2016-12-30","value":0.0814256238946748},{"time":"2017-12-30","value":0.02974468183606861},{"time":"2018-12-30","value":-0.011406910222747743},{"time":"2019-12-30","value":0.05478811365192844},{"time":"2020-12-30","value":-0.012453321456713145},{"time":"2021-12-30","value":0.07284576991296457},{"time":"2022-12-30","value":0.09478852919587942},{"time":"2023-12-30","value":0.06528023045884593}],"ROA":[{"time":"2014-12-30","value":0.050767504614679305},{"time":"2015-12-30","value":0.04572816921537802},{"time":"2016-12-30","value":0.0459129355496231},{"time":"2017-12-30","value":0.0456173572391129},{"time":"2018-12-30","value":0.005719134103834159},{"time":"2019-12-30","value":0.03930749609440507},{"time":"2020-12-30","value":0.024990358657925184},{"time":"2021-12-30","value":0.04168167273118654},{"time":"2022-12-30","value":0.04734334208538109},{"time":"2023-12-30","value":0.041686509724170775}]}
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 859,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 54,800 miles of distribution main pipelines, as well as associated individual customer service lines; and 1,000 miles of transmission main pipelines. The company generates, transmits, and distributes electricity to approximately 486,000 customers in 20 counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates coal-fired electric generating stations with a capacity of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; combined cycle gas turbine with a capacity of 563 MW in West Terre Haute; natural gas generating units with a capacity of 155 MW in Wheatfield; hydro generating plants with a capacity of 9 MW in Carroll County and 7 MW in White County; and wind generating units with a capacity of 102 MW and 302 MW in White County, Indiana. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.
![PCG Logo](data:image/svg+xml,<svg xmlns='http://www.w3.org/2000/svg' width='18' height='18'><defs><linearGradient id="a" x1="3.349" x2="21.904" y1="3.122" y2="24.434" gradientUnits="userSpaceOnUse"><stop stop-color="%231A1E21"/><stop offset="1" stop-color="%2306060A"/></linearGradient></defs><path fill="url(%23a)" d="M0 0h18v18H0z"/><text x='50%' y='52%' dominant-baseline='middle' text-anchor='middle' font-size='5' font-family='sans-serif' fill='gray'>PCG</text></svg>){kind=small}
In the chart Earnings are multiplied by this value.
Earnings Growth 12%
Earnings Stability 11%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 6.2% | 7.4% | 2.6% | -1.3% | 6.5% | -1.6% | 11% | 13% | 12% | 12% |
| ROA | 4.6% | 4.6% | 4.6% | 0.57% | 3.9% | 2.5% | 4.2% | 4.7% | 4.2% | 4.2% |
| ROE | 7.5% | 8.1% | 3% | -1.1% | 5.5% | -1.2% | 7.3% | 9.5% | 6.5% | 6.5% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +6.7%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +2.88%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +3.35%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +0.63%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +4.4%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +1.68%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 72.79 | -11.79 | -9.44 | -7.15 | -44.01 | -14.90 | -15.81 | -14.26 | -19.88 | -19.88 |
| Debt Equity | 1.82 | 1.94 | 2.08 | 1.59 | 1.61 | 1.67 | 1.35 | 1.43 | 1.39 | 1.39 |
| MIN | ||||||||||
| Graham Stability | - | - | 34% | -26% | 100% | -56% | 100% | 100% | 100% | -56% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is -19.88.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 0.71.
What is the Graham’s Stability?
Graham’s Stability measure stands at -0.56.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 2.5% | 1.4% | 6.1% | -6.8% | 2.3% |
| Net Income | 10% | - | - | -12% | 5.9% |
| Stockholders Equity | 14% | 12% | 20% | 28% | 4.6% |
| FCF | - | - | - | - | - |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +1.39%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +2.33%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +5.86%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +12%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +4.56%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -11.07%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -.