We do not publish a verdict for Brookfield Infrastructure Corp (BIPC) and NiSource Inc (NI) is slightly overvalued.
We publish an intrinsic value for NI but not for BIPC, so the two cannot be ranked on price.
Values as of the 22 Sept 2026 close.
Discounting its cash flows would put the shares at $330.39: 9 times the price of $36.01. A gap that size says more about a model than about the market. It usually means heavy debt, where a small error in the value of the business becomes a large one in the value of the shares, or a business our method does not describe. We do not publish a verdict on this one.
Leak Score 56/100 on 2 of 12 signals
Discounting its cash flows at 7.0% (average of 2 methods) values the shares at $37.59; the price of $39.88 is 6% above that value.
Leak Score 31/100 on 10 of 12 signals
| Metric | BIPC | NI |
|---|---|---|
| Verdict | No reliable verdict | Slightly overvalued |
| Price | $36.01 | $39.88 |
| Intrinsic value | — | $37.59 |
| Margin of safety | — | -6% |
| Leak Score | 56/100 (2/12) | 31/100 (10/12) |
| Market cap | $4.9B | $19.1B |
| Revenue growth, 5 years | 20.7% | 7.2% |
| Operating margin | 60.2% | 27.0% |
| Net margin | -9.4% | 13.2% |
| Return on equity | — | 9.8% |
| Debt to equity | — | 1.82 |
| P/E | — | 21.1x |
| Forward P/E | 17.6x | 17.7x |
| P/B | — | 2.0x |
| Dividend yield | 5.3% | 3.0% |