NI NiSource
Intrinsic value$30.82
Price (at call)$41.15
Margin of safety
-25.1%
vs market (rating basis)
+6.0%
Model unavailable; showing baseline valuation.
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The story
Value drivers
| Return on equity (normalized) | 9.6% |
| Book-value growth (Y1) | 4.3% |
| Terminal book growth | 3.0% |
| Beta | 0.55 |
| Failure probability | 0.0% |
| Cost of equity | 7.3% |
Valuation bridge
| PV of excess returns | 1.76B |
| PV of terminal excess | 3.57B |
| Equity value | 14.78B |
| ÷ shares → per share | $30.82 |
News
bearish -0.30 · 8 articles
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- 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?
- NiSource Inc (NI) (Q2 2026) Earnings Call Highlights: Reaffirms Guidance Amid Data Center ...
Projected excess returns on equity
| Yr | Book equity | ROE | Excess return | PV |
|---|---|---|---|---|
| 1 | 9.45B | 9.6% | 216.28M | 201.59M |
| 2 | 9.86B | 9.6% | 225.63M | 196.01M |
| 3 | 10.27B | 9.6% | 235.04M | 190.32M |
| 4 | 10.68B | 9.6% | 244.51M | 184.53M |
| 5 | 11.10B | 9.6% | 254.00M | 178.67M |
| 6 | 11.51B | 9.6% | 263.48M | 172.75M |
| 7 | 11.93B | 9.6% | 272.93M | 166.79M |
| 8 | 12.34B | 9.6% | 282.32M | 160.81M |
| 9 | 12.74B | 9.6% | 291.62M | 154.82M |
| 10 | 13.14B | 9.6% | 300.80M | 148.84M |