BROOKFIELD RENEWABLE PARTNER (BEP)
BMG162581083
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. While BEP is still in line with the averages on profitability rating, there are concerns on its financial health. BEP is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
BEP had negative earnings in the past year.
In the past year BEP had a positive cash flow from operations.
In the past 5 years BEP always reported negative net income.
BEP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of -0.12%, BEP is in line with its industry, outperforming 42.86% of the companies in the same industry.
BEP has a Return On Equity (-1.93%) which is comparable to the rest of the industry.
BEP has a Return On Invested Capital of 1.81%. This is comparable to the rest of the industry: BEP outperforms 57.14% 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 3.59%.
The last Return On Invested Capital (1.81%) for BEP is above the 3 year average (1.55%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.12% | ||
| ROE | -1.93% | ||
| ROIC | 1.81% |
ROA(3y)-0.24%
ROA(5y)-0.23%
ROE(3y)-3.06%
ROE(5y)-2.72%
ROIC(3y)1.55%
ROIC(5y)1.48%
1.3 Margins
BEP has a better Operating Margin (31.67%) than 85.71% of its industry peers.
BEP's Operating Margin has declined in the last couple of years.
BEP's Gross Margin of 60.70% is fine compared to the rest of the industry. BEP outperforms 61.90% of its industry peers.
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 | 31.67% | ||
| PM (TTM) | N/A | ||
| GM | 60.7% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BEP is destroying value.
Compared to 1 year ago, BEP has more shares outstanding
The number of shares outstanding for BEP has been increased compared to 5 years ago.
BEP has a worse debt/assets ratio than last year.
2.2 Solvency
BEP has a Debt/Equity ratio of 5.24. This is a high value indicating a heavy dependency on external financing.
BEP has a Debt to Equity ratio of 5.24. This is in the lower half of the industry: BEP underperforms 76.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.24 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.33
WACC5.48%
2.3 Liquidity
A Current Ratio of 0.57 indicates that BEP may have some problems paying its short term obligations.
The Current ratio of BEP (0.57) is worse than 90.48% of its industry peers.
BEP has a Quick Ratio of 0.57. 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 has a Quick ratio of 0.56. This is amonst the worse of the industry: BEP underperforms 90.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
BEP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 46.67%, which is quite impressive.
The Revenue has been growing slightly by 7.75% in the past 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)46.67%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q106.25%
Revenue 1Y (TTM)7.75%
Revenue growth 3Y9.42%
Revenue growth 5Y10.57%
Revenue growth Q2Q14.67%
3.2 Future
BEP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 50.92% yearly.
BEP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.66% yearly.
EPS Next Y-93.58%
EPS Next 2Y8.96%
EPS Next 3Y70.8%
EPS Next 5Y50.92%
Revenue Next Year11.19%
Revenue Next 2Y11.34%
Revenue Next 3Y13.31%
Revenue Next 5Y10.66%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for BEP. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for BEP. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BEP indicates a somewhat cheap valuation: BEP is cheaper than 71.43% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.24 |
4.3 Compensation for Growth
BEP's earnings are expected to grow with 70.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.96%
EPS Next 3Y70.8%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.20%, BEP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.86, BEP pays a bit more dividend than its industry peers.
BEP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector 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.
Dividend Growth(5Y)0.57%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
BEP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of BEP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-481.32%
EPS Next 2Y8.96%
EPS Next 3Y70.8%
BROOKFIELD RENEWABLE PARTNER
NYSE:BEP (4/26/2024, 7:04:00 PM)
21.34
+0.04 (+0.19%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.13B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.2% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.12% | ||
| ROE | -1.93% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 31.67% | ||
| PM (TTM) | N/A | ||
| GM | 60.7% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.24 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.56 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)46.67%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-93.58%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.75%
Revenue growth 3Y9.42%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y