Financials Brookfield Renewable Partners L.P.

Equities

BEP.UN

BMG162581083

Electric Utilities

Market Closed - Toronto S.E. 04:00:00 2024-05-03 pm EDT 5-day change 1st Jan Change
35.34 CAD +4.28% Intraday chart for Brookfield Renewable Partners L.P. +21.15% +1.52%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,551 20,417 16,967 11,977 12,755 12,513 - -
Enterprise Value (EV) 1 22,440 38,068 37,672 35,704 41,373 35,697 41,553 44,868
P/E ratio -244 x -70.7 x -51.9 x -42.1 x -82.1 x -35.1 x -149 x 789 x
Yield 4.44% 2.82% 3.4% 5.06% 5.14% 5.5% 5.72% 5.96%
Capitalization / Revenue 3.88 x 5.36 x 4.14 x 2.54 x 2.53 x 2.05 x 2.04 x 1.77 x
EV / Revenue 7.53 x 9.99 x 9.2 x 7.58 x 8.21 x 5.84 x 6.79 x 6.33 x
EV / EBITDA 9.59 x 23.6 x 20.1 x 17.8 x 19 x 14.8 x 16.2 x 16.7 x
EV / FCF 22,064,912 x 44,839,002 x -30,553,382 x -74,538,971 x -43,277,142 x - 24,759,503 x -
FCF Yield 0% 0% -0% -0% -0% - 0% -
Price to Book 1.64 x 2.14 x 1.72 x 1.09 x - 7.35 x 16.8 x -3,332 x
Nbr of stocks (in thousands) 466,883 473,267 473,476 473,752 485,770 484,511 - -
Reference price 2 24.74 43.14 35.84 25.28 26.26 25.83 25.83 25.83
Announcement Date 2/6/20 2/4/21 2/4/22 2/3/23 2/2/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,980 3,810 4,096 4,711 5,038 6,114 6,121 7,085
EBITDA 1 2,339 1,614 1,876 2,002 2,182 2,413 2,565 2,686
EBIT 1 1,541 858 375 419 840 532 876.5 -
Operating Margin 51.71% 22.52% 9.16% 8.89% 16.67% 8.7% 14.32% -
Earnings before Tax (EBT) 1 - 102 -52 136 568 -130 621.2 474
Net income 1 - -304 -368 -295 -100 -491.5 211.3 181.2
Net margin - -7.98% -8.98% -6.26% -1.98% -8.04% 3.45% 2.56%
EPS 2 -0.1013 -0.6100 -0.6900 -0.6000 -0.3200 -0.7350 -0.1739 0.0327
Free Cash Flow 1,017 849 -1,233 -479 -956 - 1,678 -
FCF margin 34.13% 22.28% -30.1% -10.17% -18.98% - 27.42% -
FCF Conversion (EBITDA) 43.48% 52.6% - - - - 65.43% -
FCF Conversion (Net income) - - - - - - 794.38% -
Dividend per Share 2 1.099 1.215 1.220 1.280 1.350 1.420 1.477 1.540
Announcement Date 2/6/20 2/4/21 2/4/22 2/3/23 2/2/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 1,091 1,136 1,274 1,105 1,196 1,331 1,205 1,179 1,323 1,492 1,495 1,393 1,436 1,944 1,786
EBITDA 1 431 499 547 495 461 559 586 507 530 575 668.7 593.2 610.4 - -
EBIT 1 50 98 158 110 53 130 128 59 141 73 167 133 159 - -
Operating Margin 4.58% 8.63% 12.4% 9.95% 4.43% 9.77% 10.62% 5% 10.66% 4.89% 11.17% 9.55% 11.07% - -
Earnings before Tax (EBT) 1 -81 49 184 -85 -12 201 170 45 152 -56 2 -45 -30 - -
Net income 1 -57 -78 -9 -136 -82 -32 -28 -64 35 -120 -171 -188 -183 - -
Net margin -5.22% -6.87% -0.71% -12.31% -6.86% -2.4% -2.32% -5.43% 2.65% -8.04% -11.44% -13.5% -12.75% - -
EPS 2 -0.1200 -0.1600 -0.0300 -0.2500 -0.1600 -0.0900 -0.1000 -0.1400 0.0100 -0.2300 -0.3022 -0.4300 -0.3528 -0.3508 -0.4371
Dividend per Share 2 0.3200 0.3200 0.3200 0.3200 0.3200 0.3375 0.3400 0.3400 0.3325 - 0.3575 0.3558 0.3558 0.3621 0.3621
Announcement Date 2/4/22 5/6/22 8/5/22 11/4/22 2/3/23 5/5/23 8/4/23 11/3/23 2/2/24 5/3/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10,889 17,651 20,705 23,727 28,618 23,184 29,039 32,355
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.655 x 10.94 x 11.04 x 11.85 x 13.12 x 9.607 x 11.32 x 12.05 x
Free Cash Flow 1,017 849 -1,233 -479 -956 - 1,678 -
ROE (net income / shareholders' equity) - -3.22% -3.48% -2.68% -0.93% - -15.9% -78.8%
ROA (Net income/ Total Assets) - - -0.7% -0.49% -0.14% -0.65% -0.4% 0.2%
Assets 1 - - 52,798 59,989 71,429 75,615 -52,816 90,625
Book Value Per Share 2 15.10 20.20 20.80 23.10 - 3.510 1.530 -0.0100
Cash Flow per Share 2 2.080 2.600 1.380 1.560 5.930 1.700 2.020 2.100
Capex 1 195 447 1,967 2,190 2,809 1,708 1,538 1,483
Capex / Sales 6.54% 11.73% 48.02% 46.49% 55.76% 27.93% 25.12% 20.93%
Announcement Date 2/6/20 2/4/21 2/4/22 2/3/23 2/2/24 - - -
1USD in Million2USD
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
25.83 USD
Average target price
28.64 USD
Spread / Average Target
+10.89%
Consensus
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  4. Financials Brookfield Renewable Partners L.P.