Mulya.ai
Ticker
NI
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedNo
Leases factoredNo
Key Assumptions
WACC ?7.4%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.616
Beta (levered) ?0.976
Terminal OM% ?23.8%
Segment conc. ?68% dominant
Terminal growth ?4.1%
Bond rating ?BBB · 1.75%
ROIC option ?Opt 1 · 8.6%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

NI · NiSource Inc.

$47.492026-05-17
Sector: Utilities; Industry: Regulated Gas; Sub-Industry: Multi-Utilities

Intrinsic Value Range Comparison · Mulya.ai

Bull
$45
-4.3% vs market
Base · active
$0
-145.1% vs market
Bear
$0
-131.8% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $-15
Base $-21
Bull $45
Market $47
Median $48
Market Price $47
Mulya.ai Base $-21
Analysts Median $48
Mulya.ai IV range ($-15 · $45)
Analysts Range ($45 · $50)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2021.Q4$4.9B20.6%16.7%$839MM−$983MM−$144MM5.3%5.0%$16.7B$1.23
2022.Q4$5.9B19.4%21.6%17.2%$1.0B−$1.7B−$623MM6.7%5.9%$18.9B$1.69
2023.Q4$5.5B-5.9%23.5%17.1%$1.1B$876MM$1.9B6.6%5.5%$20.2B$1.51
2024.Q4$5.5B-0.9%26.7%15.8%$1.2B−$1.8B−$572MM7.3%5.8%$22.5B$1.60
2025.Q4$6.6B21.8%27.6%16.8%$1.5B−$1.6B−$46MM7.1%6.4%$25.3B$1.9612.3
italics below = DCF projection · 10yr Rev CAGR: 5.3%
2026.Q4$6.7B+0.3%29.9%17.1%$1.7B−$906MM$746MM7.5%$694MM6.4%$26.2B$3.4813.6
2027.Q4$7.0B+5.7%29.9%17.4%$1.7B−$3.8B−$2.0B7.6%−$1.8B6.2%$30.0B$3.6613.0
2028.Q4$7.6B+8.0%29.9%17.7%$1.9B−$3.1B−$1.2B7.7%−$1.0B5.9%$33.1B$3.9412.1
2029.Q4$8.4B+10.8%29.9%18.1%$2.1B−$7.0B−$4.9B7.8%−$3.7B5.6%$40.1B$4.3510.9
2030.Q4$8.9B+5.3%29.9%18.4%$2.2B−$3.1B−$945MM7.9%−$652MM5.2%$43.2B$4.5610.4
Term. Yr+$11.5B4.1%23.8%20.0%$2.2B−$1.0B$1.1B8.6%$11.8B8.6%
Active scenario IV: $0 (-145.1% vs market)