Financials Brookfield Infrastructure Partners L.P. Toronto S.E.

Equities

BIP.UN

BMG162521014

Consumer Goods Conglomerates

Market Closed - Toronto S.E. 04:00:00 2024-05-06 pm EDT 5-day change 1st Jan Change
41.33 CAD +3.07% Intraday chart for Brookfield Infrastructure Partners L.P. +11.79% -1.03%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,203 14,591 18,558 14,202 14,553 13,512 - -
Enterprise Value (EV) 1 33,395 29,076 36,060 33,390 58,511 48,096 48,230 42,195
P/E ratio 714 x 141 x 34.9 x 221 x 225 x 32.5 x 22.4 x 19 x
Yield 4.09% 3.93% 3.35% 4.65% 4.86% 5.53% 5.88% 6.23%
Capitalization / Revenue 2 x 1.64 x 1.61 x 0.98 x 0.81 x 0.89 x 0.93 x 0.87 x
EV / Revenue 5.06 x 3.27 x 3.13 x 2.31 x 3.26 x 3.17 x 3.32 x 2.71 x
EV / EBITDA 17.7 x 14.6 x 14.7 x 11 x 16.3 x 11.6 x 10.6 x 8.53 x
EV / FCF 33.4 x 26.3 x 45.6 x 29.5 x 33.4 x 35.7 x 23.2 x 17.8 x
FCF Yield 2.99% 3.8% 2.19% 3.39% 3% 2.8% 4.3% 5.61%
Price to Book 2.91 x 2.71 x 2.64 x 2.26 x - - - -
Nbr of stocks (in thousands) 440,179 443,039 457,772 458,283 462,151 461,475 - -
Reference price 2 29.99 32.93 40.54 30.99 31.49 29.28 29.28 29.28
Announcement Date 2/10/20 2/3/21 2/2/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,597 8,885 11,537 14,427 17,931 15,171 14,523 15,573
EBITDA 1 1,891 1,993 2,451 3,032 3,591 4,139 4,529 4,944
EBIT 1 1,709 2,025 2,884 3,484 4,048 2,299 2,225 2,547
Operating Margin 25.91% 22.79% 25% 24.15% 22.58% 15.15% 15.32% 16.36%
Earnings before Tax (EBT) 1 928 1,195 3,333 1,935 - 1,403 1,107 1,463
Net income 1 52 141 556 407 432 357.2 579.7 736.3
Net margin 0.79% 1.59% 4.82% 2.82% 2.41% 2.35% 3.99% 4.73%
EPS 2 0.0420 0.2333 1.160 0.1400 0.1400 0.9020 1.308 1.542
Free Cash Flow 1 999 1,104 790 1,132 1,753 1,347 2,075 2,368
FCF margin 15.14% 12.43% 6.85% 7.85% 9.78% 8.88% 14.29% 15.2%
FCF Conversion (EBITDA) 52.83% 55.39% 32.23% 37.34% 48.82% 32.54% 45.82% 47.88%
FCF Conversion (Net income) 1,921.15% 782.98% 142.09% 278.13% 405.79% 377.03% 357.98% 321.55%
Dividend per Share 2 1.227 1.293 1.360 1.440 1.530 1.620 1.721 1.825
Announcement Date 2/10/20 2/3/21 2/2/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,939 3,252 3,411 3,681 3,627 3,708 4,218 4,256 - 4,970 5,187 1,913 1,956 2,028 2,074
EBITDA 1 596 667 705 749 767 811 862 853 890 986 1,011 1,003 1,047 1,065 1,098
EBIT 1 705 764 784 861 928 911 886 867 - 1,292 1,177 446.2 473.8 501.7 390.3
Operating Margin 23.99% 23.49% 22.98% 23.39% 25.59% 24.57% 21.01% 20.37% - 26% 22.69% 23.32% 24.23% 24.73% 18.82%
Earnings before Tax (EBT) 1 - - 432 579 494 430 232 955 - - 826 167.2 190.6 219.3 242.5
Net income 1 - - - - - - - - - - 56 58.42 75.53 96.62 107.4
Net margin - - - - - - - - - - 1.08% 3.05% 3.86% 4.76% 5.18%
EPS 2 0.4800 0.0933 -0.0133 0.1300 0.0500 -0.0300 -0.0700 0.3800 0.0300 -0.2000 0.1000 0.1256 0.1606 0.2033 0.2248
Dividend per Share 2 0.3400 0.3400 0.3600 0.3600 0.3600 0.3600 0.3800 0.3825 0.3825 0.3825 0.4068 0.4080 0.4080 0.4080 0.4293
Announcement Date 11/3/21 2/2/22 5/4/22 8/3/22 11/2/22 2/2/23 5/3/23 8/3/23 11/1/23 2/1/24 5/1/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 20,192 14,485 17,502 19,188 43,958 34,584 34,718 28,683
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 10.68 x 7.268 x 7.141 x 6.328 x 12.24 x 8.355 x 7.666 x 5.801 x
Free Cash Flow 1 999 1,104 790 1,132 1,753 1,347 2,075 2,368
ROE (net income / shareholders' equity) - 2.49% 9.11% 6.2% 6.9% 6.74% 11.9% 16.5%
ROA (Net income/ Total Assets) - - - - - 1.55% 1.85% 4%
Assets 1 - - - - - 23,044 31,337 18,407
Book Value Per Share 10.30 12.10 15.40 13.70 - - - -
Cash Flow per Share - 5.720 5.780 6.830 - - - -
Capex 1 1,144 1,426 1,982 1,999 2,325 2,466 1,995 1,279
Capex / Sales 17.34% 16.05% 17.18% 13.86% 12.97% 16.25% 13.74% 8.21%
Announcement Date 2/10/20 2/3/21 2/2/22 2/2/23 2/1/24 - - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
29.28 USD
Average target price
37.73 USD
Spread / Average Target
+28.85%
Consensus
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