BROOKFIELD INFRASTRUCTURE PA (BIP) Stock Fundamental Analysis
NYSE:BIP - New York Stock Exchange, Inc. - BMG162521014 - Currency: USD
BIP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 25 industry peers in the Multi-Utilities industry. BIP has a bad profitability rating. Also its financial health evaluation is rather negative. BIP has a correct valuation and a medium growth rate. BIP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year BIP was profitable.
BIP had a positive operating cash flow in the past year.
BIP had positive earnings in 4 of the past 5 years.
BIP had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
BIP has a worse Return On Assets (-0.21%) than 88.00% of its industry peers.
Looking at the Return On Equity, with a value of -2.99%, BIP is doing worse than 88.00% of the companies in the same industry.
BIP has a worse Return On Invested Capital (3.66%) than 64.00% of its industry peers.
BIP had an Average Return On Invested Capital over the past 3 years of 3.39%. This is in line with the industry average of 3.68%.
The last Return On Invested Capital (3.66%) for BIP is above the 3 year average (3.39%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.21% | ||
| ROE | -2.99% | ||
| ROIC | 3.66% |
ROA(3y)0.34%
ROA(5y)0.26%
ROE(3y)3.21%
ROE(5y)2.43%
ROIC(3y)3.39%
ROIC(5y)3.03%
1.3 Margins
BIP's Profit Margin has declined in the last couple of years.
BIP's Operating Margin of 23.83% is fine compared to the rest of the industry. BIP outperforms 80.00% of its industry peers.
BIP's Operating Margin has declined in the last couple of years.
BIP's Gross Margin of 42.64% is in line compared to the rest of the industry. BIP outperforms 44.00% of its industry peers.
In the last couple of years the Gross Margin of BIP has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.83% | ||
| PM (TTM) | N/A | ||
| GM | 42.64% |
OM growth 3Y-0.32%
OM growth 5Y-5.85%
PM growth 3Y-29.11%
PM growth 5Y-32.66%
GM growth 3Y-4.08%
GM growth 5Y-5.23%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BIP is destroying value.
There is no outstanding debt for BIP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
BIP has an Altman-Z score of 0.37. This is a bad value and indicates that BIP is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.37, BIP is doing worse than 92.00% of the companies in the same industry.
The Debt to FCF ratio of BIP is 794.36, which is on the high side as it means it would take BIP, 794.36 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BIP (794.36) is better than 92.00% of its industry peers.
BIP has a Debt/Equity ratio of 7.44. This is a high value indicating a heavy dependency on external financing.
BIP has a worse Debt to Equity ratio (7.44) than 96.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.44 | ||
| Debt/FCF | 794.36 | ||
| Altman-Z | 0.37 |
ROIC/WACC0.69
WACC5.27%
2.3 Liquidity
A Current Ratio of 0.77 indicates that BIP may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.77, BIP is in line with its industry, outperforming 56.00% of the companies in the same industry.
A Quick Ratio of 0.72 indicates that BIP may have some problems paying its short term obligations.
BIP's Quick ratio of 0.72 is fine compared to the rest of the industry. BIP outperforms 72.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
The earnings per share for BIP have decreased strongly by -20.98% in the last year.
The Earnings Per Share has been growing by 23.55% on average over the past years. This is a very strong growth
EPS 1Y (TTM)-20.98%
EPS 3Y-51.26%
EPS 5Y23.55%
EPS Q2Q%284.9%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%9.54%
3.2 Future
The Earnings Per Share is expected to grow by 63.48% on average over the next years. This is a very strong growth
BIP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.63% yearly.
EPS Next Y484.21%
EPS Next 2Y193.45%
EPS Next 3Y118.32%
EPS Next 5Y63.48%
Revenue Next Year-15.51%
Revenue Next 2Y-4.98%
Revenue Next 3Y-1.96%
Revenue Next 5Y8.63%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 253.77, BIP can be considered very expensive at the moment.
BIP's Price/Earnings ratio is rather expensive when compared to the industry. BIP is more expensive than 96.00% of the companies in the same industry.
BIP is valuated expensively when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 42.04, which means the current valuation is very expensive for BIP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BIP indicates a rather expensive valuation: BIP more expensive than 92.00% of the companies listed in the same industry.
BIP is valuated expensively when we compare the Price/Forward Earnings ratio to 22.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 253.77 | ||
| Fwd PE | 42.04 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BIP is valued cheaply inside the industry as 88.00% of the companies are valued more expensively.
BIP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BIP is cheaper than 92.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 208.68 | ||
| EV/EBITDA | 8.45 |
4.3 Compensation for Growth
BIP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
BIP's earnings are expected to grow with 118.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.52
PEG (5Y)10.78
EPS Next 2Y193.45%
EPS Next 3Y118.32%
5. Dividend
5.1 Amount
BIP has a Yearly Dividend Yield of 5.18%, which is a nice return.
BIP's Dividend Yield is rather good when compared to the industry average which is at 3.78. BIP pays more dividend than 84.00% of the companies in the same industry.
BIP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.18% |
5.2 History
On average, the dividend of BIP grows each year by 7.67%, which is quite nice.
BIP has paid a dividend for at least 10 years, which is a reliable track record.
BIP has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.67%
Div Incr Years16
Div Non Decr Years16
5.3 Sustainability
The earnings of BIP are negative and hence is the payout ratio. BIP will probably not be able to sustain this dividend level.
BIP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-615.28%
EPS Next 2Y193.45%
EPS Next 3Y118.32%
32.99
-0.43 (-1.29%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners62.18%
Inst Owner Change0.56%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap15.23B
Analysts80
Price Target40.21 (21.89%)
Short Float %0.24%
Short Ratio2.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.18% |
Yearly Dividend2.71
Dividend Growth(5Y)7.67%
DP-615.28%
Div Incr Years16
Div Non Decr Years16
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-188.31%
Min EPS beat(2)-231.04%
Max EPS beat(2)-145.57%
EPS beat(4)0
Avg EPS beat(4)-145.29%
Min EPS beat(4)-231.04%
Max EPS beat(4)-9.99%
EPS beat(8)1
Avg EPS beat(8)-109.36%
EPS beat(12)2
Avg EPS beat(12)-86.56%
EPS beat(16)5
Avg EPS beat(16)6.23%
Revenue beat(2)2
Avg Revenue beat(2)170.21%
Min Revenue beat(2)165.94%
Max Revenue beat(2)174.48%
Revenue beat(4)4
Avg Revenue beat(4)166.66%
Min Revenue beat(4)142.32%
Max Revenue beat(4)183.91%
Revenue beat(8)8
Avg Revenue beat(8)121.7%
Revenue beat(12)12
Avg Revenue beat(12)102.53%
Revenue beat(16)16
Avg Revenue beat(16)111.96%
PT rev (1m)0.13%
PT rev (3m)2.02%
EPS NQ rev (1m)4.05%
EPS NQ rev (3m)-18.66%
EPS NY rev (1m)-33.7%
EPS NY rev (3m)-21.42%
Revenue NQ rev (1m)-1.1%
Revenue NQ rev (3m)-1.1%
Revenue NY rev (1m)2.85%
Revenue NY rev (3m)22.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 253.77 | ||
| Fwd PE | 42.04 | ||
| P/S | 0.74 | ||
| P/FCF | 208.68 | ||
| P/OCF | 3.32 | ||
| P/B | 2.11 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.45 |
EPS(TTM)0.13
EY0.39%
EPS(NY)0.78
Fwd EY2.38%
FCF(TTM)0.16
FCFY0.48%
OCF(TTM)9.94
OCFY30.12%
SpS44.54
BVpS15.63
TBVpS-48.1
PEG (NY)0.52
PEG (5Y)10.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.21% | ||
| ROE | -2.99% | ||
| ROCE | 5.13% | ||
| ROIC | 3.66% | ||
| ROICexc | 3.74% | ||
| ROICexgc | 5.46% | ||
| OM | 23.83% | ||
| PM (TTM) | N/A | ||
| GM | 42.64% | ||
| FCFM | 0.35% |
ROA(3y)0.34%
ROA(5y)0.26%
ROE(3y)3.21%
ROE(5y)2.43%
ROIC(3y)3.39%
ROIC(5y)3.03%
ROICexc(3y)3.5%
ROICexc(5y)3.12%
ROICexgc(3y)5.35%
ROICexgc(5y)4.85%
ROCE(3y)4.78%
ROCE(5y)4.27%
ROICexcg growth 3Y8.5%
ROICexcg growth 5Y-1.89%
ROICexc growth 3Y7.86%
ROICexc growth 5Y1.93%
OM growth 3Y-0.32%
OM growth 5Y-5.85%
PM growth 3Y-29.11%
PM growth 5Y-32.66%
GM growth 3Y-4.08%
GM growth 5Y-5.23%
F-Score6
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.44 | ||
| Debt/FCF | 794.36 | ||
| Debt/EBITDA | 6.42 | ||
| Cap/Depr | 130.33% | ||
| Cap/Sales | 21.96% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 54.86% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 0.37 |
F-Score6
WACC5.27%
ROIC/WACC0.69
Cap/Depr(3y)106.97%
Cap/Depr(5y)100.92%
Cap/Sales(3y)17.01%
Cap/Sales(5y)17.1%
Profit Quality(3y)770.14%
Profit Quality(5y)1268.96%
High Growth Momentum
Growth
EPS 1Y (TTM)-20.98%
EPS 3Y-51.26%
EPS 5Y23.55%
EPS Q2Q%284.9%
EPS Next Y484.21%
EPS Next 2Y193.45%
EPS Next 3Y118.32%
EPS Next 5Y63.48%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%9.54%
Revenue Next Year-15.51%
Revenue Next 2Y-4.98%
Revenue Next 3Y-1.96%
Revenue Next 5Y8.63%
EBIT growth 1Y33.62%
EBIT growth 3Y25.97%
EBIT growth 5Y23.31%
EBIT Next Year33.9%
EBIT Next 3Y16.65%
EBIT Next 5Y8.48%
FCF growth 1Y176.04%
FCF growth 3Y14.57%
FCF growth 5Y24.92%
OCF growth 1Y67.48%
OCF growth 3Y17.25%
OCF growth 5Y24.52%