Financials Brookfield Infrastructure Partners L.P.

Equities

BIP

BMG162521014

Consumer Goods Conglomerates

Market Closed - Nyse 01:30:02 27/04/2024 am IST 5-day change 1st Jan Change
27.14 USD -0.80% Intraday chart for Brookfield Infrastructure Partners L.P. -0.07% -13.81%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,203 14,591 18,558 14,202 14,553 12,524 - -
Enterprise Value (EV) 1 33,395 29,076 36,060 33,390 58,511 40,975 40,230 12,524
P/E ratio 714 x 141 x 34.9 x 221 x 225 x 27.7 x 20.9 x 18.3 x
Yield 4.09% 3.93% 3.35% 4.65% 4.86% 6.02% 6.39% 6.74%
Capitalization / Revenue 2 x 1.64 x 1.61 x 0.98 x 0.81 x 0.65 x 0.87 x 0.81 x
EV / Revenue 5.06 x 3.27 x 3.13 x 2.31 x 3.26 x 2.13 x 2.79 x 0.81 x
EV / EBITDA 17.7 x 14.6 x 14.7 x 11 x 16.3 x 9.87 x 8.99 x 2.66 x
EV / FCF 33.4 x 26.3 x 45.6 x 29.5 x 33.4 x 11.4 x 13.4 x 2.93 x
FCF Yield 2.99% 3.8% 2.19% 3.39% 3% 8.8% 7.47% 34.2%
Price to Book 2.91 x 2.71 x 2.64 x 2.26 x - - - -
Nbr of stocks (in thousands) 4,40,179 4,43,039 4,57,772 4,58,283 4,62,151 4,61,475 - -
Reference price 2 29.99 32.93 40.54 30.99 31.49 27.14 27.14 27.14
Announcement Date 10/02/20 03/02/21 02/02/22 02/02/23 01/02/24 - - -
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 19,258 14,410 15,472
EBITDA 1 1,891 1,993 2,451 3,032 3,591 4,151 4,477 4,711
EBIT 1 1,709 2,025 2,884 3,484 4,048 1,805 2,204 2,510
Operating Margin 25.91% 22.79% 25% 24.15% 22.58% 9.37% 15.3% 16.22%
Earnings before Tax (EBT) 1 928 1,195 3,333 1,935 - 684.2 1,069 1,425
Net income 1 52 141 556 407 432 405.7 603.3 743.5
Net margin 0.79% 1.59% 4.82% 2.82% 2.41% 2.11% 4.19% 4.81%
EPS 2 0.0420 0.2333 1.160 0.1400 0.1400 0.9784 1.298 1.485
Free Cash Flow 1 999 1,104 790 1,132 1,753 3,604 3,007 4,279
FCF margin 15.14% 12.43% 6.85% 7.85% 9.78% 18.71% 20.87% 27.66%
FCF Conversion (EBITDA) 52.83% 55.39% 32.23% 37.34% 48.82% 86.83% 67.17% 90.83%
FCF Conversion (Net income) 1,921.15% 782.98% 142.09% 278.13% 405.79% 888.39% 498.44% 575.56%
Dividend per Share 2 1.227 1.293 1.360 1.440 1.530 1.633 1.733 1.828
Announcement Date 10/02/20 03/02/21 02/02/22 02/02/23 01/02/24 - - -
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
Net sales 1 2,939 3,252 3,411 3,681 3,627 3,708 4,218 4,256 - 4,970 1,809 1,859 1,898 1,968
EBITDA 1 596 667 705 749 767 811 862 853 890 986 1,011 985.1 1,032 1,046
EBIT 1 705 764 784 861 928 911 886 867 - 1,292 416.2 433.8 466.4 488.7
Operating Margin 23.99% 23.49% 22.98% 23.39% 25.59% 24.57% 21.01% 20.37% - 26% 23% 23.34% 24.58% 24.83%
Earnings before Tax (EBT) 1 - - 432 579 494 430 232 955 - - 135.5 157.7 181.1 209.9
Net income 1 - - - - - - - - - - 35.55 51.96 69.26 90.57
Net margin - - - - - - - - - - 1.96% 2.8% 3.65% 4.6%
EPS 2 0.4800 0.0933 -0.0133 0.1300 0.0500 -0.0300 -0.0700 0.3800 0.0300 -0.2000 0.0988 0.1227 0.1751 0.1913
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 0.4052 0.4068 0.4068
Announcement Date 03/11/21 02/02/22 04/05/22 03/08/22 02/11/22 02/02/23 03/05/23 03/08/23 01/11/23 01/02/24 - - - -
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 28,451 27,706 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 10.68 x 7.268 x 7.141 x 6.328 x 12.24 x 6.854 x 6.189 x -
Free Cash Flow 1 999 1,104 790 1,132 1,753 3,604 3,007 4,279
ROE (net income / shareholders' equity) - 2.49% 9.11% 6.2% 6.9% 4.45% 9.31% 13.5%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
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 2,104 1,936 1,279
Capex / Sales 17.34% 16.05% 17.18% 13.86% 12.97% 10.93% 13.43% 8.27%
Announcement Date 10/02/20 03/02/21 02/02/22 02/02/23 01/02/24 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
27.14 USD
Average target price
38 USD
Spread / Average Target
+40.01%
Consensus
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  4. Financials Brookfield Infrastructure Partners L.P.