Company Valuation: NiSource, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,843 11,136 10,976 17,159 19,928 20,755 - -
Change - 2.71% -1.44% 56.33% 16.14% 4.15% - -
Enterprise Value (EV) 1 20,549 22,376 22,823 30,920 36,005 39,458 42,209 45,318
Change - 8.89% 2% 35.48% 16.45% 9.59% 6.97% 7.37%
P/E 21.7x 16.1x 17.9x 22.7x 21.4x 21.2x 19.3x 17.6x
PBR 1.61x 1.49x 1.44x 1.99x 2.11x 1.92x 1.79x 1.67x
PEG - 0.5x -1.4x 2.4x 1.1x 4.59x 1.9x 1.82x
Capitalization / Revenue 2.21x 1.91x 1.97x 3.11x 3.01x 2.89x 2.72x 2.56x
EV / Revenue 4.19x 3.84x 4.1x 5.61x 5.45x 5.48x 5.53x 5.6x
EV / EBITDA 11.3x 11.4x 10.1x 12.1x 12.1x 11.8x 11.3x 10.8x
EV / EBIT 19.3x 19.5x 16.8x 20.4x 20x 19.9x 18.9x 17.7x
EV / FCF -33.1x -28.2x -32.1x -37.1x -85.8x -23.3x -20.2x -19.5x
FCF Yield -3.02% -3.55% -3.11% -2.69% -1.17% -4.28% -4.95% -5.14%
Dividend per Share 2 0.895 - 1.015 1.06 1.12 1.205 1.288 1.38
Rate of return 3.24% - 3.82% 2.88% 2.68% 2.78% 2.98% 3.19%
EPS 2 1.27 1.7 1.48 1.62 1.95 2.04 2.246 2.464
Distribution rate 70.5% - 68.6% 65.4% 57.4% 59% 57.4% 56%
Net sales 1 4,901 5,834 5,566 5,516 6,610 7,194 7,639 8,094
EBITDA 1 1,811 1,968 2,264 2,559 2,970 3,341 3,738 4,212
EBIT 1 1,063 1,147 1,356 1,516 1,803 1,987 2,232 2,553
Net income 1 529.8 749 661.7 739.7 929.5 979.9 1,109 1,246
Net Debt 1 9,707 11,240 11,847 13,762 16,078 18,703 21,453 24,562
Reference price 2 27.61 27.42 26.55 36.76 41.76 43.28 43.28 43.28
Nbr of stocks (in thousands) 392,705 406,134 413,415 466,779 477,196 479,560 - -
Announcement Date 23/02/22 22/02/23 21/02/24 12/02/25 11/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.42x5.51x11.87x2.76% 20.95B
13.59x5.84x12.39x4.07% 82.24B
12.07x1.4x7.29x6.16% 62.96B
16.2x6.42x14.21x3.12% 55.43B
16.78x1.17x9.68x3.22% 53.79B
18.61x2.66x8.88x2.31% 45.25B
16.09x4.87x9.37x4.61% 36.48B
17.13x4.84x12.67x3.68% 36.25B
14.1x2.02x7.49x5.94% 31.94B
59.42x17.07x33.33x0.3% 30.62B
Average 20.54x 5.18x 12.72x 3.62% 45.59B
Weighted average by Cap. 18.53x 4.75x 12.06x 3.8%

Y-o-Y evolution of P/E

Valuation ratios - P/E - NiSource, Inc.

Historical PBR trend

Valuation ratios - PBR - NiSource, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - NiSource, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - NiSource, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - NiSource, Inc.
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