Quick read
Fair Value Engine
Decision-focused synthesis of expected stock prices combining relative peer multiples and intrinsic models.
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot
SRE stock price vs NI: inconclusive
Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Price gap
N/A
Coverage
Medium · 60%
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Quick read
Decision-focused synthesis of expected stock prices combining relative peer multiples and intrinsic models.
Metric-by-metric
Filter, sort, and scan where each company leads, where gaps are small, and where comparisons are not meaningful.
| Metric | SRE | NI | Spread |
|---|---|---|---|
Revenue growth (YoY) FY 2024 -> FY 2025 | 3.9% | 23.5% | NI leads by 83.3% Higher Revenue growth |
Gross margin | N/M | 79.9% | Insufficient data Pricing power |
EBITDA margin | 57.3% | 50.2% | SRE leads by 14.1% Higher EBITDA margin |
EV/Revenue | N/M | N/M | Insufficient data No additional context |
P/E | N/M | N/M | Not comparable Not comparable |
Net debt / EBITDA | 4.1 | 2.1 | NI leads by 96.7% Lower Net debt / EBITDA |
Statements
Core income statement and balance sheet metrics aligned to the reporting windows.
| Metric | SRE | Delta vs NI | NI |
|---|---|---|---|
| Revenue | $13.70B | 110.1% higher | $6.52B |
| Gross profit | — | N/A | $5.21B |
| Operating income | — | N/A | $1.84B |
| EBITDA | $7.85B | 139.7% higher | $3.28B |
| Net income | $1.84B | 97.6% higher | $929.50M |
| EPS | 2.8 | 41.0% higher | 1.9 |
| Revenue growth | 3.9% | 83.3% lower | 23.5% |
| Gross margin | — | N/A | 79.9% |
| Operating margin | — | N/A | 28.1% |
| EBITDA margin | 57.3% | 14.1% higher | 50.2% |
| Net margin | 13.4% | 5.9% lower | 14.3% |
Trendline
Track multi-year revenue, earnings, and margin direction before underwriting a rerating.
Price framework
Market cap + debt - cash, shown for the current pair and benchmark median context.
Price framework
Baseline discounted cash flow model estimating total intrinsic firm value first, then bridging to an implied stock price per share.
Risk control
Financial health checks to separate durable balance sheets from potential value traps.
Comparable set
Place both companies in context relative to a wider comparable universe.
LLM-powered Synthesis
Based on an earlier data snapshot. Review the filing dates below or refresh after signing in.
SRE appears richly valued versus NI (NI-implied P/E implies a $66.59 price, ~30.7% below the current $96.16) despite slower revenue growth and higher leverage.
If you believe NI's valuation multiple (P/E ~24.2x) is the appropriate benchmark, then reduce or avoid initiating exposure to SRE because NI-implied P/E suggests a $66.59 fair price (≈30.7% below the current $96.16) and SRE shows slower revenue growth (3.9%) and higher leverage (Net Debt/EBITDA 4.1x) that do not justify its premium multiple.
SRE trades at a material premium to NI on a P/E basis: implied NI-based value is $66.59 versus the current price of $96.16 (-30.7%). The premium is reflected across multiples (P/E, EV/EBITDA, P/S) and sits inside SRE's historical trading band.
Supporting Metrics