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BROOKFIELD INFRASTRUCTURE-A (BIPC.CA) Stock Fundamental Analysis

TSX:BIPC - Toronto Stock Exchange - CA11276H1064 - Common Stock - Currency: CAD

55.85  -0.76 (-1.34%)

Fundamental Rating

4

Taking everything into account, BIPC scores 4 out of 10 in our fundamental rating. BIPC was compared to 8 industry peers in the Gas Utilities industry. BIPC has a medium profitability rating, but doesn't score so well on its financial health evaluation. BIPC has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

BIPC had negative earnings in the past year.
BIPC had a positive operating cash flow in the past year.
In multiple years BIPC reported negative net income over the last 5 years.
BIPC had a positive operating cash flow in each of the past 5 years.
BIPC.CA Yearly Net Income VS EBIT VS OCF VS FCFBIPC.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B 1.5B 2B

1.2 Ratios

BIPC's Return On Assets of -1.09% is on the low side compared to the rest of the industry. BIPC is outperformed by 75.00% of its industry peers.
With an excellent Return On Invested Capital value of 9.63%, BIPC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BIPC is significantly above the industry average of 4.39%.
Industry RankSector Rank
ROA -1.09%
ROE N/A
ROIC 9.63%
ROA(3y)2.88%
ROA(5y)-0.18%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)11.12%
ROIC(5y)12.53%
BIPC.CA Yearly ROA, ROE, ROICBIPC.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50

1.3 Margins

Looking at the Operating Margin, with a value of 60.19%, BIPC belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of BIPC has remained more or less at the same level.
BIPC has a Gross Margin of 83.24%. This is amongst the best in the industry. BIPC outperforms 100.00% of its industry peers.
In the last couple of years the Gross Margin of BIPC has remained more or less at the same level.
Industry RankSector Rank
OM 60.19%
PM (TTM) N/A
GM 83.24%
OM growth 3Y-2.44%
OM growth 5Y-1.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.48%
GM growth 5Y-0.33%
BIPC.CA Yearly Profit, Operating, Gross MarginsBIPC.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

1

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BIPC is creating some value.
The number of shares outstanding for BIPC remains at a similar level compared to 1 year ago.
BIPC has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BIPC is higher compared to a year ago.
BIPC.CA Yearly Shares OutstandingBIPC.CA Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
BIPC.CA Yearly Total Debt VS Total AssetsBIPC.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

BIPC has an Altman-Z score of 0.52. This is a bad value and indicates that BIPC is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.52, BIPC is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
BIPC has a debt to FCF ratio of 35.45. This is a negative value and a sign of low solvency as BIPC would need 35.45 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 35.45, BIPC is doing good in the industry, outperforming 75.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 35.45
Altman-Z 0.52
ROIC/WACC1.39
WACC6.94%
BIPC.CA Yearly LT Debt VS Equity VS FCFBIPC.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B 8B 10B

2.3 Liquidity

A Current Ratio of 0.48 indicates that BIPC may have some problems paying its short term obligations.
BIPC has a Current ratio of 0.48. This is in the lower half of the industry: BIPC underperforms 75.00% of its industry peers.
A Quick Ratio of 0.48 indicates that BIPC may have some problems paying its short term obligations.
With a Quick ratio value of 0.48, BIPC is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.48
Quick Ratio 0.48
BIPC.CA Yearly Current Assets VS Current LiabilitesBIPC.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

5

3. Growth

3.1 Past

BIPC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -177.62%.
Looking at the last year, BIPC shows a very strong growth in Revenue. The Revenue has grown by 26.99%.
The Revenue has been growing by 17.76% on average over the past years. This is quite good.
EPS 1Y (TTM)-177.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1439.47%
Revenue 1Y (TTM)26.99%
Revenue growth 3Y30.67%
Revenue growth 5Y17.76%
Sales Q2Q%2.99%

3.2 Future

Based on estimates for the next years, BIPC will show a very strong growth in Earnings Per Share. The EPS will grow by 47.38% on average per year.
Based on estimates for the next years, BIPC will show a quite strong growth in Revenue. The Revenue will grow by 10.97% on average per year.
EPS Next Y200.28%
EPS Next 2Y75.96%
EPS Next 3Y47.38%
EPS Next 5YN/A
Revenue Next Year20.83%
Revenue Next 2Y13.28%
Revenue Next 3Y10.97%
Revenue Next 5YN/A

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
BIPC.CA Yearly Revenue VS EstimatesBIPC.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B
BIPC.CA Yearly EPS VS EstimatesBIPC.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2025 2026 2027 2 4 6 8

6

4. Valuation

4.1 Price/Earnings Ratio

BIPC reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 5.31, the valuation of BIPC can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BIPC indicates a rather cheap valuation: BIPC is cheaper than 100.00% of the companies listed in the same industry.
BIPC is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 5.31
BIPC.CA Price Earnings VS Forward Price EarningsBIPC.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30

4.2 Price Multiples

BIPC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BIPC is cheaper than 100.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BIPC is valued a bit cheaper than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.69
EV/EBITDA 5.74
BIPC.CA Per share dataBIPC.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 -40

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.
BIPC's earnings are expected to grow with 47.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y75.96%
EPS Next 3Y47.38%

5

5. Dividend

5.1 Amount

BIPC has a Yearly Dividend Yield of 4.36%, which is a nice return.
Compared to an average industry Dividend Yield of 3.24, BIPC pays a better dividend. On top of this BIPC pays more dividend than 100.00% of the companies listed in the same industry.
BIPC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
Industry RankSector Rank
Dividend Yield 4.36%

5.2 History

BIPC has been paying a dividend for over 5 years, so it has already some track record.
BIPC has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
BIPC.CA Yearly Dividends per shareBIPC.CA Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

DPN/A
EPS Next 2Y75.96%
EPS Next 3Y47.38%
BIPC.CA Yearly Income VS Free CF VS DividendBIPC.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

BROOKFIELD INFRASTRUCTURE-A

TSX:BIPC (7/11/2025, 7:00:00 PM)

55.85

-0.76 (-1.34%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)04-30 2025-04-30
Earnings (Next)07-31 2025-07-31
Inst Owners71.16%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap7.37B
Analysts80
Price Target61.46 (10.04%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.36%
Yearly Dividend1.97
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years1
Div Non Decr Years1
Ex-Date05-30 2025-05-30 (0.43)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.3%
PT rev (3m)N/A
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)51.95%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 5.31
P/S 1.46
P/FCF 15.69
P/OCF 3.15
P/B N/A
P/tB N/A
EV/EBITDA 5.74
EPS(TTM)-3.13
EYN/A
EPS(NY)10.51
Fwd EY18.82%
FCF(TTM)3.56
FCFY6.37%
OCF(TTM)17.72
OCFY31.73%
SpS38.32
BVpS-8.72
TBVpS-57.38
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.09%
ROE N/A
ROCE 13.37%
ROIC 9.63%
ROICexc 9.81%
ROICexgc 13.76%
OM 60.19%
PM (TTM) N/A
GM 83.24%
FCFM 9.29%
ROA(3y)2.88%
ROA(5y)-0.18%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)11.12%
ROIC(5y)12.53%
ROICexc(3y)11.89%
ROICexc(5y)13.59%
ROICexgc(3y)26.61%
ROICexgc(5y)83.29%
ROCE(3y)15.44%
ROCE(5y)17.4%
ROICexcg growth 3Y-63.84%
ROICexcg growth 5Y-1.9%
ROICexc growth 3Y-22.45%
ROICexc growth 5Y5.16%
OM growth 3Y-2.44%
OM growth 5Y-1.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.48%
GM growth 5Y-0.33%
F-Score4
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 35.45
Debt/EBITDA 3.85
Cap/Depr 176.13%
Cap/Sales 36.96%
Interest Coverage 2.2
Cash Conversion 56.97%
Profit Quality N/A
Current Ratio 0.48
Quick Ratio 0.48
Altman-Z 0.52
F-Score4
WACC6.94%
ROIC/WACC1.39
Cap/Depr(3y)197.53%
Cap/Depr(5y)183.26%
Cap/Sales(3y)29.95%
Cap/Sales(5y)28.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-177.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1439.47%
EPS Next Y200.28%
EPS Next 2Y75.96%
EPS Next 3Y47.38%
EPS Next 5YN/A
Revenue 1Y (TTM)26.99%
Revenue growth 3Y30.67%
Revenue growth 5Y17.76%
Sales Q2Q%2.99%
Revenue Next Year20.83%
Revenue Next 2Y13.28%
Revenue Next 3Y10.97%
Revenue Next 5YN/A
EBIT growth 1Y18.94%
EBIT growth 3Y27.49%
EBIT growth 5Y16.37%
EBIT Next Year6.92%
EBIT Next 3Y6.23%
EBIT Next 5YN/A
FCF growth 1Y53.81%
FCF growth 3Y-6.95%
FCF growth 5Y-11.55%
OCF growth 1Y124.74%
OCF growth 3Y27.6%
OCF growth 5Y9.99%