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BROOKFIELD INFRASTRUCTURE PA (BIP-UN.CA) Stock Fundamental Analysis

TSX:BIP-UN - Toronto Stock Exchange - BMG162521014 - Currency: CAD

46.55  -0.5 (-1.06%)

Fundamental Rating

2

Taking everything into account, BIP-UN scores 2 out of 10 in our fundamental rating. BIP-UN was compared to 22 industry peers in the Multi-Utilities industry. BIP-UN has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, BIP-UN is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

BIP-UN had positive earnings in the past year.
In the past year BIP-UN had a positive cash flow from operations.
BIP-UN had positive earnings in 4 of the past 5 years.
Of the past 5 years BIP-UN 4 years had a positive operating cash flow.
BIP-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFBIP-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 2B 3B 4B

1.2 Ratios

With a Return On Assets value of -0.21%, BIP-UN is not doing good in the industry: 78.95% of the companies in the same industry are doing better.
With a Return On Equity value of -2.99%, BIP-UN is not doing good in the industry: 78.95% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 3.66%, BIP-UN is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
BIP-UN had an Average Return On Invested Capital over the past 3 years of 3.39%. This is in line with the industry average of 2.93%.
The last Return On Invested Capital (3.66%) for BIP-UN is above the 3 year average (3.39%), which is a sign of increasing profitability.
Industry RankSector 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%
BIP-UN.CA Yearly ROA, ROE, ROICBIP-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2 4 6

1.3 Margins

In the last couple of years the Profit Margin of BIP-UN has declined.
With a decent Operating Margin value of 23.83%, BIP-UN is doing good in the industry, outperforming 78.95% of the companies in the same industry.
BIP-UN's Operating Margin has declined in the last couple of years.
BIP-UN has a Gross Margin of 42.64%. This is amonst the worse of the industry: BIP-UN underperforms 94.74% of its industry peers.
In the last couple of years the Gross Margin of BIP-UN has declined.
Industry RankSector 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%
BIP-UN.CA Yearly Profit, Operating, Gross MarginsBIP-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30 40 50

0

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BIP-UN is destroying value.
BIP-UN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BIP-UN.CA Yearly Shares OutstandingBIP-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M
BIP-UN.CA Yearly Total Debt VS Total AssetsBIP-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 80B 100B

2.2 Solvency

BIP-UN has an Altman-Z score of 0.36. This is a bad value and indicates that BIP-UN is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.36, BIP-UN is not doing good in the industry: 68.42% of the companies in the same industry are doing better.
The Debt to FCF ratio of BIP-UN is 794.36, which is on the high side as it means it would take BIP-UN, 794.36 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BIP-UN (794.36) is worse than 78.95% of its industry peers.
A Debt/Equity ratio of 7.44 is on the high side and indicates that BIP-UN has dependencies on debt financing.
BIP-UN has a worse Debt to Equity ratio (7.44) than 94.74% of its industry peers.
Industry RankSector Rank
Debt/Equity 7.44
Debt/FCF 794.36
Altman-Z 0.36
ROIC/WACC0.69
WACC5.28%
BIP-UN.CA Yearly LT Debt VS Equity VS FCFBIP-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B 40B

2.3 Liquidity

A Current Ratio of 0.77 indicates that BIP-UN may have some problems paying its short term obligations.
BIP-UN has a Current ratio of 0.77. This is amonst the worse of the industry: BIP-UN underperforms 94.74% of its industry peers.
BIP-UN has a Quick Ratio of 0.77. This is a bad value and indicates that BIP-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
BIP-UN's Quick ratio of 0.72 is on the low side compared to the rest of the industry. BIP-UN is outperformed by 94.74% of its industry peers.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.72
BIP-UN.CA Yearly Current Assets VS Current LiabilitesBIP-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 10B

4

3. Growth

3.1 Past

BIP-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.98%.
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

Based on estimates for the next years, BIP-UN will show a very strong growth in Earnings Per Share. The EPS will grow by 63.48% on average per year.
BIP-UN 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

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BIP-UN.CA Yearly Revenue VS EstimatesBIP-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B
BIP-UN.CA Yearly EPS VS EstimatesBIP-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 1

2

4. Valuation

4.1 Price/Earnings Ratio

BIP-UN is valuated quite expensively with a Price/Earnings ratio of 245.00.
Based on the Price/Earnings ratio, BIP-UN is valued expensively inside the industry as 94.74% of the companies are valued cheaper.
When comparing the Price/Earnings ratio of BIP-UN to the average of the S&P500 Index (30.19), we can say BIP-UN is valued expensively.
A Price/Forward Earnings ratio of 41.80 indicates a quite expensive valuation of BIP-UN.
BIP-UN's Price/Forward Earnings ratio is rather expensive when compared to the industry. BIP-UN is more expensive than 84.21% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BIP-UN to the average of the S&P500 Index (23.58), we can say BIP-UN is valued expensively.
Industry RankSector Rank
PE 245
Fwd PE 41.8
BIP-UN.CA Price Earnings VS Forward Price EarningsBIP-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, BIP-UN is valued a bit cheaper than the industry average as 78.95% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BIP-UN indicates a slightly more expensive valuation: BIP-UN is more expensive than 78.95% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 207.51
EV/EBITDA 8.42
BIP-UN.CA Per share dataBIP-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40 -40 60 -60

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as BIP-UN's earnings are expected to grow with 118.32% in the coming years.
PEG (NY)0.51
PEG (5Y)10.41
EPS Next 2Y193.45%
EPS Next 3Y118.32%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.18%, BIP-UN is a good candidate for dividend investing.
BIP-UN's Dividend Yield is slightly below the industry average, which is at 5.33.
Compared to an average S&P500 Dividend Yield of 2.30, BIP-UN pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.18%

5.2 History

The dividend of BIP-UN is nicely growing with an annual growth rate of 7.67%!
BIP-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of BIP-UN decreased in the last 3 years.
Dividend Growth(5Y)7.67%
Div Incr Years2
Div Non Decr Years2
BIP-UN.CA Yearly Dividends per shareBIP-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

BIP-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of BIP-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-615.28%
EPS Next 2Y193.45%
EPS Next 3Y118.32%
BIP-UN.CA Yearly Income VS Free CF VS DividendBIP-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 1B 1.5B

BROOKFIELD INFRASTRUCTURE PA

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

46.55

-0.5 (-1.06%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)01-30 2025-01-30/bmo
Earnings (Next)04-29 2025-04-29
Inst Owners62.18%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap21.50B
Analysts80
Price Target57.82 (24.21%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.18%
Yearly Dividend2.71
Dividend Growth(5Y)7.67%
DP-615.28%
Div Incr Years2
Div Non Decr Years2
Ex-Date02-28 2025-02-28 (0.43)
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)0.16%
PT rev (3m)6.27%
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 RankSector Rank
PE 245
Fwd PE 41.8
P/S 0.74
P/FCF 207.51
P/OCF 3.3
P/B 2.1
P/tB N/A
EV/EBITDA 8.42
EPS(TTM)0.19
EY0.41%
EPS(NY)1.11
Fwd EY2.39%
FCF(TTM)0.22
FCFY0.48%
OCF(TTM)14.1
OCFY30.29%
SpS63.19
BVpS22.17
TBVpS-68.25
PEG (NY)0.51
PEG (5Y)10.41
Profitability
Industry RankSector 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 RankSector 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 0.36
F-Score6
WACC5.28%
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%