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BROOKFIELD RENEWABLE PARTNER (BEP) Stock Fundamental Analysis

NYSE:BEP - New York Stock Exchange, Inc. - BMG162581083

20.27  -0.42 (-2.03%)

Fundamental Rating

3

Overall BEP gets a fundamental rating of 3 out of 10. We evaluated BEP against 21 industry peers in the Independent Power and Renewable Electricity Producers industry. BEP may be in some trouble as it scores bad on both profitability and health. BEP is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year BEP has reported negative net income.
In the past year BEP had a positive cash flow from operations.
BEP had negative earnings in each of the past 5 years.
BEP had a positive operating cash flow in each of the past 5 years.
BEP Yearly Net Income VS EBIT VS OCF VS FCFBEP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B -1B

1.2 Ratios

BEP's Return On Assets of -0.31% is on the low side compared to the rest of the industry. BEP is outperformed by 60.00% of its industry peers.
Looking at the Return On Equity, with a value of -6.04%, BEP is doing worse than 65.00% of the companies in the same industry.
BEP's Return On Invested Capital of 2.01% is in line compared to the rest of the industry. BEP outperforms 55.00% of its industry peers.
BEP had an Average Return On Invested Capital over the past 3 years of 1.55%. This is below the industry average of 4.30%.
The 3 year average ROIC (1.55%) for BEP is below the current ROIC(2.01%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -0.31%
ROE -6.04%
ROIC 2.01%
ROA(3y)-0.24%
ROA(5y)-0.23%
ROE(3y)-3.06%
ROE(5y)-2.72%
ROIC(3y)1.55%
ROIC(5y)1.48%
BEP Yearly ROA, ROE, ROICBEP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2 -2

1.3 Margins

With a decent Operating Margin value of 29.89%, BEP is doing good in the industry, outperforming 80.00% of the companies in the same industry.
BEP's Operating Margin has declined in the last couple of years.
BEP has a Gross Margin (55.98%) which is comparable to the rest of the industry.
BEP's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 29.89%
PM (TTM) N/A
GM 55.98%
OM growth 3Y27.91%
OM growth 5Y-2.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.83%
GM growth 5Y-0.48%
BEP Yearly Profit, Operating, Gross MarginsBEP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60 80

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0

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BEP is destroying value.
The number of shares outstanding for BEP has been increased compared to 1 year ago.
Compared to 5 years ago, BEP has more shares outstanding
The debt/assets ratio for BEP is higher compared to a year ago.
BEP Yearly Shares OutstandingBEP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
BEP Yearly Total Debt VS Total AssetsBEP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 20B 40B 60B

2.2 Solvency

A Debt/Equity ratio of 6.59 is on the high side and indicates that BEP has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 6.59, BEP is doing worse than 80.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 6.59
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.4
WACC5.02%
BEP Yearly LT Debt VS Equity VS FCFBEP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B 15B 20B 25B

2.3 Liquidity

A Current Ratio of 0.73 indicates that BEP may have some problems paying its short term obligations.
BEP has a Current ratio of 0.73. This is in the lower half of the industry: BEP underperforms 65.00% of its industry peers.
A Quick Ratio of 0.71 indicates that BEP may have some problems paying its short term obligations.
The Quick ratio of BEP (0.71) is worse than 65.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.71
BEP Yearly Current Assets VS Current LiabilitesBEP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

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5

3. Growth

3.1 Past

BEP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -67.35%.
Looking at the last year, BEP shows a quite strong growth in Revenue. The Revenue has grown by 18.53% in the last year.
Measured over the past years, BEP shows a quite strong growth in Revenue. The Revenue has been growing by 10.57% on average per year.
EPS 1Y (TTM)-67.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-128.57%
Revenue 1Y (TTM)18.53%
Revenue growth 3Y9.42%
Revenue growth 5Y10.57%
Sales Q2Q%24.68%

3.2 Future

Based on estimates for the next years, BEP will show a very strong growth in Earnings Per Share. The EPS will grow by 21.92% on average per year.
Based on estimates for the next years, BEP will show a quite strong growth in Revenue. The Revenue will grow by 14.79% on average per year.
EPS Next Y-250.34%
EPS Next 2Y82.36%
EPS Next 3Y-16.68%
EPS Next 5Y21.92%
Revenue Next Year28.98%
Revenue Next 2Y17.73%
Revenue Next 3Y14.26%
Revenue Next 5Y14.79%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BEP Yearly Revenue VS EstimatesBEP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B 8B
BEP Yearly EPS VS EstimatesBEP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 -0.5 -1

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BEP. In the last year negative earnings were reported.
BEP is valuated quite expensively with a Price/Forward Earnings ratio of 47.78.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BEP is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of BEP to the average of the S&P500 Index (24.44), we can say BEP is valued expensively.
Industry RankSector Rank
PE N/A
Fwd PE 47.78
BEP Price Earnings VS Forward Price EarningsBEP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100 150

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BEP indicates a rather cheap valuation: BEP is cheaper than 95.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.21
BEP Per share dataBEP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15

4.3 Compensation for Growth

BEP's earnings are expected to decrease with -16.68% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y82.36%
EPS Next 3Y-16.68%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.20%, BEP is a good candidate for dividend investing.
The stock price of BEP dropped by -25.33% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
BEP's Dividend Yield is a higher than the industry average which is at 6.37.
Compared to an average S&P500 Dividend Yield of 2.28, BEP pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.2%

5.2 History

The dividend of BEP has a limited annual growth rate of 0.57%.
BEP has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of BEP decreased recently.
Dividend Growth(5Y)0.57%
Div Incr Years1
Div Non Decr Years1
BEP Yearly Dividends per shareBEP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

The earnings of BEP are negative and hence is the payout ratio. BEP will probably not be able to sustain this dividend level.
The dividend of BEP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-255.98%
EPS Next 2Y82.36%
EPS Next 3Y-16.68%
BEP Yearly Income VS Free CF VS DividendBEP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M 1B -1B

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BROOKFIELD RENEWABLE PARTNER

NYSE:BEP (1/22/2025, 2:01:26 PM)

20.27

-0.42 (-2.03%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)11-08 2024-11-08/bmo
Earnings (Next)01-31 2025-01-31/amc
Inst Owners65.83%
Inst Owner Change0.01%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.78B
Analysts77.78
Price Target29.59 (45.98%)
Short Float %0.39%
Short Ratio1.99
Dividend
Industry RankSector Rank
Dividend Yield 4.2%
Yearly Dividend1.56
Dividend Growth(5Y)0.57%
DP-255.98%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2103.23%
Min EPS beat(2)-4056.34%
Max EPS beat(2)-150.12%
EPS beat(4)0
Avg EPS beat(4)-1110.23%
Min EPS beat(4)-4056.34%
Max EPS beat(4)-81.43%
EPS beat(8)0
Avg EPS beat(8)-910.26%
EPS beat(12)0
Avg EPS beat(12)-801.34%
EPS beat(16)0
Avg EPS beat(16)-952.5%
Revenue beat(2)1
Avg Revenue beat(2)2.05%
Min Revenue beat(2)-2.5%
Max Revenue beat(2)6.6%
Revenue beat(4)3
Avg Revenue beat(4)6.41%
Min Revenue beat(4)-2.5%
Max Revenue beat(4)20.04%
Revenue beat(8)7
Avg Revenue beat(8)11.71%
Revenue beat(12)10
Avg Revenue beat(12)12.32%
Revenue beat(16)12
Avg Revenue beat(16)9.46%
PT rev (1m)-2.71%
PT rev (3m)-6.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-36.37%
EPS NY rev (1m)0%
EPS NY rev (3m)20.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.49%
Revenue NY rev (1m)-5.67%
Revenue NY rev (3m)-1.3%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 47.78
P/S 1.02
P/FCF N/A
P/OCF 3.99
P/B 1.49
P/tB 3.05
EV/EBITDA 9.21
EPS(TTM)-0.82
EYN/A
EPS(NY)0.42
Fwd EY2.09%
FCF(TTM)-7.99
FCFYN/A
OCF(TTM)5.08
OCFY25.06%
SpS19.81
BVpS13.59
TBVpS6.64
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.31%
ROE -6.04%
ROCE 2.55%
ROIC 2.01%
ROICexc 2.04%
ROICexgc 2.1%
OM 29.89%
PM (TTM) N/A
GM 55.98%
FCFM N/A
ROA(3y)-0.24%
ROA(5y)-0.23%
ROE(3y)-3.06%
ROE(5y)-2.72%
ROIC(3y)1.55%
ROIC(5y)1.48%
ROICexc(3y)1.58%
ROICexc(5y)1.5%
ROICexgc(3y)1.63%
ROICexgc(5y)1.54%
ROCE(3y)1.97%
ROCE(5y)1.87%
ROICexcg growth 3Y23.85%
ROICexcg growth 5Y-6.54%
ROICexc growth 3Y23.71%
ROICexc growth 5Y-6.61%
OM growth 3Y27.91%
OM growth 5Y-2.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.83%
GM growth 5Y-0.48%
F-Score5
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 6.59
Debt/FCF N/A
Debt/EBITDA 6.83
Cap/Depr 181.81%
Cap/Sales 65.99%
Interest Coverage 0.96
Cash Conversion 38.74%
Profit Quality N/A
Current Ratio 0.73
Quick Ratio 0.71
Altman-Z N/A
F-Score5
WACC5.02%
ROIC/WACC0.4
Cap/Depr(3y)140.35%
Cap/Depr(5y)95.64%
Cap/Sales(3y)51.13%
Cap/Sales(5y)34.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-67.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-128.57%
EPS Next Y-250.34%
EPS Next 2Y82.36%
EPS Next 3Y-16.68%
EPS Next 5Y21.92%
Revenue 1Y (TTM)18.53%
Revenue growth 3Y9.42%
Revenue growth 5Y10.57%
Sales Q2Q%24.68%
Revenue Next Year28.98%
Revenue Next 2Y17.73%
Revenue Next 3Y14.26%
Revenue Next 5Y14.79%
EBIT growth 1Y14.47%
EBIT growth 3Y39.95%
EBIT growth 5Y8.17%
EBIT Next Year58.5%
EBIT Next 3Y23.79%
EBIT Next 5Y15.63%
FCF growth 1Y-87.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y3.72%
OCF growth 3Y13.25%
OCF growth 5Y11.24%