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Stock Comparison · Structural lead, mixed market

Antofagasta vs NiSource: Which Stock Looks Stronger in 2026?

The structural profiles are close, with NiSource carrying a narrow edge on valuation. Antofagasta still leads on growth and profitability, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (ANTO.L: STOXX 600, NI: S&P 500).

Updated 2026-07-05

The lead is spread across valuation and stability, rather than sitting in one isolated gap.

Trajectory Similarity
0.70
Moderately similar
Peer-set rank: #10
within Antofagasta plc's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

The pair shares a valid long-term profile match, but the trajectories are not especially close.

The match is driven mainly by margin trend and recent revenue growth.

Similarity drivers
margin trendrecent revenue growth
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
ANTO.L
Antofagasta plc
55
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
NI
NiSource Inc.
58
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: ANTO.L vs NI Profitability 83 67 Stability 30 50 Valuation 37 67 Growth 63 39 ANTO.L NI
Gap Ranking
#1 Valuation +30
#2 Growth +24
#3 Stability +20
#4 Profitability +16
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ANTO.L and NI Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ANTO.LNI Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against Antofagasta plc.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
On valuation, NiSource Inc. ranks near the top of the group; Antofagasta plc sits in the weaker half.
Growth
Antofagasta plc sits in the stronger part of the group on growth, while NiSource Inc. is closer to mid-pack.
Valuation — Dominant Gap
ANTO.L
37
NI
67
Gap+30in favour of NI

The multiple-based pricing edge comes from a forward P/E that is 4.5 turns lower.

What keeps the gap from being one-sided

Antofagasta still pushes back on growth, with a 23.6-point revenue-growth advantage that keeps the read from becoming one-way.

What this means for the comparison

Valuation gives NiSource Inc. the clearer edge, even though growth and the price setup keep the overall picture from looking clean.

Explore full peer positioning in AssetNext

Break down the ANTO.L vs NI comparison across all dimensions with the full interactive tool.

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Explore how ANTO.L and NI each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.