BROOKFIELD RENEWABLE PARTNER (BEP) Stock Fundamental Analysis
NYSE:BEP - New York Stock Exchange, Inc. - BMG162581083 - Currency: USD
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. Both the profitability and financial health of BEP have multiple concerns. BEP is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BEP has reported negative net income.
BEP had a positive operating cash flow in the past year.
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.
1.2 Ratios
BEP's Return On Assets of -0.27% is on the low side compared to the rest of the industry. BEP is outperformed by 61.90% of its industry peers.
BEP's Return On Equity of -6.02% is on the low side compared to the rest of the industry. BEP is outperformed by 71.43% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.95%, BEP is in line with its industry, outperforming 57.14% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BEP is below the industry average of 3.64%.
The 3 year average ROIC (1.59%) for BEP is below the current ROIC(1.95%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.27% | ||
| ROE | -6.02% | ||
| ROIC | 1.95% |
ROA(3y)-0.22%
ROA(5y)-0.27%
ROE(3y)-3.79%
ROE(5y)-3.8%
ROIC(3y)1.59%
ROIC(5y)1.39%
1.3 Margins
BEP's Operating Margin of 33.75% is amongst the best of the industry. BEP outperforms 85.71% of its industry peers.
BEP's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 56.09%, BEP is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Gross Margin of BEP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.75% | ||
| PM (TTM) | N/A | ||
| GM | 56.09% |
OM growth 3Y5.06%
OM growth 5Y-6.86%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1%
GM growth 5Y-0.45%
2. Health
2.1 Basic Checks
BEP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, BEP has less shares outstanding
BEP has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BEP has been reduced compared to a year ago.
2.2 Solvency
BEP has a Debt/Equity ratio of 6.77. This is a high value indicating a heavy dependency on external financing.
BEP has a worse Debt to Equity ratio (6.77) than 76.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.77 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.32
WACC6.18%
2.3 Liquidity
A Current Ratio of 0.61 indicates that BEP may have some problems paying its short term obligations.
BEP has a Current ratio of 0.61. This is in the lower half of the industry: BEP underperforms 71.43% of its industry peers.
BEP has a Quick Ratio of 0.61. This is a bad value and indicates that BEP is not financially healthy enough and could expect problems in meeting its short term obligations.
BEP's Quick ratio of 0.60 is on the low side compared to the rest of the industry. BEP is outperformed by 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
The earnings per share for BEP have decreased strongly by -178.13% in the last year.
The Revenue has grown by 19.46% in the past year. This is quite good.
The Revenue has been growing by 14.66% on average over the past years. This is quite good.
EPS 1Y (TTM)-178.13%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-700%
Revenue 1Y (TTM)19.46%
Revenue growth 3Y13.01%
Revenue growth 5Y14.66%
Sales Q2Q%18.94%
3.2 Future
BEP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.18% yearly.
Based on estimates for the next years, BEP will show a quite strong growth in Revenue. The Revenue will grow by 11.32% on average per year.
EPS Next Y38.44%
EPS Next 2Y25.93%
EPS Next 3Y37.03%
EPS Next 5Y24.18%
Revenue Next Year18.59%
Revenue Next 2Y11.87%
Revenue Next 3Y11.62%
Revenue Next 5Y11.32%
3.3 Evolution
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
BEP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year BEP is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BEP is valued cheaper than 80.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.42 |
4.3 Compensation for Growth
BEP's earnings are expected to grow with 37.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.93%
EPS Next 3Y37.03%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.20%, BEP is a good candidate for dividend investing.
BEP's Dividend Yield is a higher than the industry average which is at 8.24.
Compared to an average S&P500 Dividend Yield of 2.52, BEP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.2% |
5.2 History
The dividend of BEP decreases each year by -0.06%.
BEP has paid a dividend for at least 10 years, which is a reliable track record.
BEP has decreased its dividend recently.
Dividend Growth(5Y)-0.06%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
BEP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-180.39%
EPS Next 2Y25.93%
EPS Next 3Y37.03%
21.57
+0.55 (+2.62%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners39.86%
Inst Owner Change0.17%
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap6.15B
Analysts74.74
Price Target19.78 (-8.3%)
Short Float %1.01%
Short Ratio2.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.2% |
Yearly Dividend1.61
Dividend Growth(5Y)-0.06%
DP-180.39%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-43.06%
Min EPS beat(2)-150.12%
Max EPS beat(2)64%
EPS beat(4)1
Avg EPS beat(4)-1073.87%
Min EPS beat(4)-4056.34%
Max EPS beat(4)64%
EPS beat(8)1
Avg EPS beat(8)-650.73%
EPS beat(12)1
Avg EPS beat(12)-773.52%
EPS beat(16)1
Avg EPS beat(16)-925.63%
Revenue beat(2)1
Avg Revenue beat(2)2.37%
Min Revenue beat(2)-1.85%
Max Revenue beat(2)6.6%
Revenue beat(4)2
Avg Revenue beat(4)0.94%
Min Revenue beat(4)-2.5%
Max Revenue beat(4)6.6%
Revenue beat(8)6
Avg Revenue beat(8)8.9%
Revenue beat(12)10
Avg Revenue beat(12)14.72%
Revenue beat(16)12
Avg Revenue beat(16)9.91%
PT rev (1m)0.45%
PT rev (3m)-33.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-486.35%
EPS NY rev (1m)38.35%
EPS NY rev (3m)-229.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)19.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)10.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.05 | ||
| P/FCF | N/A | ||
| P/OCF | 4.96 | ||
| P/B | 1.45 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.42 |
EPS(TTM)-0.89
EYN/A
EPS(NY)-0.55
Fwd EYN/A
FCF(TTM)-8.75
FCFYN/A
OCF(TTM)4.35
OCFY20.18%
SpS20.62
BVpS14.87
TBVpS-4.2
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.27% | ||
| ROE | -6.02% | ||
| ROCE | 2.47% | ||
| ROIC | 1.95% | ||
| ROICexc | 2.02% | ||
| ROICexgc | 2.18% | ||
| OM | 33.75% | ||
| PM (TTM) | N/A | ||
| GM | 56.09% | ||
| FCFM | N/A |
ROA(3y)-0.22%
ROA(5y)-0.27%
ROE(3y)-3.79%
ROE(5y)-3.8%
ROIC(3y)1.59%
ROIC(5y)1.39%
ROICexc(3y)1.63%
ROICexc(5y)1.42%
ROICexgc(3y)1.7%
ROICexgc(5y)1.47%
ROCE(3y)2.02%
ROCE(5y)1.76%
ROICexcg growth 3Y5.11%
ROICexcg growth 5Y-4.01%
ROICexc growth 3Y3.39%
ROICexc growth 5Y-4.87%
OM growth 3Y5.06%
OM growth 5Y-6.86%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1%
GM growth 5Y-0.45%
F-Score5
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.77 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.18 | ||
| Cap/Depr | 185.72% | ||
| Cap/Sales | 63.53% | ||
| Interest Coverage | 1.03 | ||
| Cash Conversion | 31.05% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.6 | ||
| Altman-Z | N/A |
F-Score5
WACC6.18%
ROIC/WACC0.32
Cap/Depr(3y)158.58%
Cap/Depr(5y)127.9%
Cap/Sales(3y)56.2%
Cap/Sales(5y)45.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-178.13%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-700%
EPS Next Y38.44%
EPS Next 2Y25.93%
EPS Next 3Y37.03%
EPS Next 5Y24.18%
Revenue 1Y (TTM)19.46%
Revenue growth 3Y13.01%
Revenue growth 5Y14.66%
Sales Q2Q%18.94%
Revenue Next Year18.59%
Revenue Next 2Y11.87%
Revenue Next 3Y11.62%
Revenue Next 5Y11.32%
EBIT growth 1Y27.28%
EBIT growth 3Y18.73%
EBIT growth 5Y6.79%
EBIT Next Year40.61%
EBIT Next 3Y20.79%
EBIT Next 5Y11.27%
FCF growth 1Y-164.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-33.51%
OCF growth 3Y19.37%
OCF growth 5Y0.54%