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BROOKFIELD RENEWABLE PARTNER (BEP-UN.CA) Stock Fundamental Analysis

TSX:BEP-UN - Toronto Stock Exchange - BMG162581083 - Currency: CAD

31.67  -0.04 (-0.13%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to BEP-UN. BEP-UN was compared to 39 industry peers in the Independent Power and Renewable Electricity Producers industry. BEP-UN has a bad profitability rating. Also its financial health evaluation is rather negative. BEP-UN is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

In the past year BEP-UN has reported negative net income.
In the past year BEP-UN had a positive cash flow from operations.
BEP-UN had negative earnings in each of the past 5 years.
Of the past 5 years BEP-UN 4 years had a positive operating cash flow.
BEP-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFBEP-UN.CA 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-UN's Return On Assets of -0.31% is in line compared to the rest of the industry. BEP-UN outperforms 53.85% of its industry peers.
Looking at the Return On Equity, with a value of -6.04%, BEP-UN is in line with its industry, outperforming 42.31% of the companies in the same industry.
BEP-UN's Return On Invested Capital of 1.83% is on the low side compared to the rest of the industry. BEP-UN is outperformed by 80.77% of its industry peers.
BEP-UN had an Average Return On Invested Capital over the past 3 years of 1.42%. This is below the industry average of 4.67%.
The 3 year average ROIC (1.42%) for BEP-UN is below the current ROIC(1.83%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -0.31%
ROE -6.04%
ROIC 1.83%
ROA(3y)-0.24%
ROA(5y)-0.23%
ROE(3y)-3.06%
ROE(5y)-2.72%
ROIC(3y)1.42%
ROIC(5y)1.35%
BEP-UN.CA Yearly ROA, ROE, ROICBEP-UN.CA 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-UN is doing good in the industry, outperforming 65.38% of the companies in the same industry.
In the last couple of years the Operating Margin of BEP-UN has declined.
BEP-UN has a Gross Margin of 55.98%. This is in the lower half of the industry: BEP-UN underperforms 61.54% of its industry peers.
BEP-UN'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-UN.CA Yearly Profit, Operating, Gross MarginsBEP-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60 80

1

2. Health

2.1 Basic Checks

BEP-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
There is no outstanding debt for BEP-UN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
BEP-UN.CA Yearly Shares OutstandingBEP-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
BEP-UN.CA Yearly Total Debt VS Total AssetsBEP-UN.CA 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-UN has dependencies on debt financing.
BEP-UN has a worse Debt to Equity ratio (6.59) than 80.77% of its industry peers.
Industry RankSector Rank
Debt/Equity 6.59
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.38
WACC4.78%
BEP-UN.CA Yearly LT Debt VS Equity VS FCFBEP-UN.CA 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-UN may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.73, BEP-UN is doing worse than 61.54% of the companies in the same industry.
BEP-UN has a Quick Ratio of 0.73. This is a bad value and indicates that BEP-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.71, BEP-UN perfoms like the industry average, outperforming 42.31% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.71
BEP-UN.CA Yearly Current Assets VS Current LiabilitesBEP-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

3

3. Growth

3.1 Past

The earnings per share for BEP-UN have decreased strongly by -178.13% in the last year.
EPS 1Y (TTM)-178.13%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-700%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%18.94%

3.2 Future

The Earnings Per Share is expected to grow by 22.47% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 11.49% on average over the next years. This is quite good.
EPS Next Y181.93%
EPS Next 2Y46.64%
EPS Next 3Y26.35%
EPS Next 5Y22.47%
Revenue Next Year9.28%
Revenue Next 2Y7.54%
Revenue Next 3Y11.55%
Revenue Next 5Y11.49%

3.3 Evolution

BEP-UN.CA Yearly Revenue VS EstimatesBEP-UN.CA 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-UN.CA Yearly EPS VS EstimatesBEP-UN.CA 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 -0.5

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BEP-UN. In the last year negative earnings were reported.
BEP-UN is valuated quite expensively with a Price/Forward Earnings ratio of 30.61.
The rest of the industry has a similar Price/Forward Earnings ratio as BEP-UN.
BEP-UN's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.58.
Industry RankSector Rank
PE N/A
Fwd PE 30.61
BEP-UN.CA Price Earnings VS Forward Price EarningsBEP-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 -20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BEP-UN is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.34
BEP-UN.CA Per share dataBEP-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

BEP-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
BEP-UN's earnings are expected to grow with 26.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y46.64%
EPS Next 3Y26.35%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.20%, BEP-UN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.60, BEP-UN is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.30, BEP-UN pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.2%

5.2 History

The dividend of BEP-UN has a limited annual growth rate of 0.57%.
BEP-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of BEP-UN decreased recently.
Dividend Growth(5Y)0.57%
Div Incr Years1
Div Non Decr Years1
BEP-UN.CA Yearly Dividends per shareBEP-UN.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

BEP-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
BEP-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-255.98%
EPS Next 2Y46.64%
EPS Next 3Y26.35%
BEP-UN.CA Yearly Income VS Free CF VS DividendBEP-UN.CA 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

BROOKFIELD RENEWABLE PARTNER

TSX:BEP-UN (2/14/2025, 7:00:00 PM)

31.67

-0.04 (-0.13%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)01-31 2025-01-31/bmo
Earnings (Next)05-01 2025-05-01/bmo
Inst Owners65.83%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap9.03B
Analysts77.78
Price Target30.44 (-3.88%)
Short Float %N/A
Short RatioN/A
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-Date02-28 2025-02-28 (0.373)
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)-28.34%
PT rev (3m)-28.38%
EPS NQ rev (1m)-65%
EPS NQ rev (3m)-125.01%
EPS NY rev (1m)81.98%
EPS NY rev (3m)64.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.49%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.61%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 30.61
P/S 1.13
P/FCF N/A
P/OCF 4.4
P/B 1.64
P/tB 3.36
EV/EBITDA 9.34
EPS(TTM)-1.26
EYN/A
EPS(NY)1.03
Fwd EY3.27%
FCF(TTM)-11.34
FCFYN/A
OCF(TTM)7.2
OCFY22.75%
SpS28.1
BVpS19.28
TBVpS9.42
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.31%
ROE -6.04%
ROCE 2.55%
ROIC 1.83%
ROICexc 1.86%
ROICexgc 1.92%
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)1.42%
ROIC(5y)1.35%
ROICexc(3y)1.44%
ROICexc(5y)1.36%
ROICexgc(3y)1.48%
ROICexgc(5y)1.4%
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
WACC4.78%
ROIC/WACC0.38
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)-178.13%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-700%
EPS Next Y181.93%
EPS Next 2Y46.64%
EPS Next 3Y26.35%
EPS Next 5Y22.47%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%18.94%
Revenue Next Year9.28%
Revenue Next 2Y7.54%
Revenue Next 3Y11.55%
Revenue Next 5Y11.49%
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%