BROOKFIELD RENEWABLE PARTNERS L.P. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 29.17 CAD | +0.34% |
|
+1.92% | -16.20% |
| Apr. 26 | UBS Adjusts Brookfield Renewable Partners Price Target to $22 From $26, Maintains Neutral Rating | MT |
| Apr. 15 | National Bank Previews Brookfield Renewable Partners' Q1, Updates Estimates | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,551 | 20,417 | 16,967 | 11,977 | 12,755 | 10,324 | - | - |
| Enterprise Value (EV) 1 | 22,440 | 38,068 | 37,672 | 35,704 | 41,373 | 36,821 | 39,645 | 43,100 |
| P/E ratio | -244 x | -70.7 x | -51.9 x | -42.1 x | -82.1 x | -36.2 x | -160 x | 543 x |
| Yield | 4.44% | 2.82% | 3.4% | 5.06% | 5.14% | 6.66% | 6.93% | 7.2% |
| Capitalization / Revenue | 3.88 x | 5.36 x | 4.14 x | 2.54 x | 2.53 x | 1.81 x | 1.7 x | 1.5 x |
| EV / Revenue | 7.53 x | 9.99 x | 9.2 x | 7.58 x | 8.21 x | 6.47 x | 6.52 x | 6.27 x |
| EV / EBITDA | 9.59 x | 23.6 x | 20.1 x | 17.8 x | 19 x | 15.2 x | 15.3 x | 16.4 x |
| EV / FCF | 22.1 x | 44.8 x | -30.6 x | -74.5 x | -43.3 x | 39.9 x | 25.8 x | 32.1 x |
| FCF Yield | 4.53% | 2.23% | -3.27% | -1.34% | -2.31% | 2.51% | 3.88% | 3.11% |
| Price to Book | 1.64 x | 2.14 x | 1.72 x | 1.09 x | - | 6.06 x | 13.9 x | -2,749 x |
| Nbr of stocks (in thousands) | 466,883 | 473,267 | 473,476 | 473,752 | 485,770 | 484,511 | - | - |
| Reference price 2 | 24.74 | 43.14 | 35.84 | 25.28 | 26.26 | 21.31 | 21.31 | 21.31 |
| Announcement Date | 2/6/20 | 2/4/21 | 2/4/22 | 2/3/23 | 2/2/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,980 | 3,810 | 4,096 | 4,711 | 5,038 | 5,693 | 6,077 | 6,873 |
| EBITDA 1 | 2,339 | 1,614 | 1,876 | 2,002 | 2,182 | 2,425 | 2,594 | 2,622 |
| EBIT 1 | 1,541 | 858 | 375 | 419 | 840 | 538 | 852.5 | - |
| Operating Margin | 51.71% | 22.52% | 9.16% | 8.89% | 16.67% | 9.45% | 14.03% | - |
| Earnings before Tax (EBT) 1 | - | 102 | -52 | 136 | 568 | -24.5 | 621.8 | 474 |
| Net income 1 | - | -304 | -368 | -295 | -100 | -386.5 | -11.17 | 129.5 |
| Net margin | - | -7.98% | -8.98% | -6.26% | -1.98% | -6.79% | -0.18% | 1.88% |
| EPS 2 | -0.1013 | -0.6100 | -0.6900 | -0.6000 | -0.3200 | -0.5888 | -0.1328 | 0.0393 |
| Free Cash Flow 1 | 1,017 | 849 | -1,233 | -479 | -956 | 923.8 | 1,538 | 1,341 |
| FCF margin | 34.13% | 22.28% | -30.1% | -10.17% | -18.98% | 16.23% | 25.32% | 19.51% |
| FCF Conversion (EBITDA) | 43.48% | 52.6% | - | - | - | 38.09% | 59.3% | 51.13% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | 1,035.52% |
| Dividend per Share 2 | 1.099 | 1.215 | 1.220 | 1.280 | 1.350 | 1.420 | 1.476 | 1.535 |
| Announcement Date | 2/6/20 | 2/4/21 | 2/4/22 | 2/3/23 | 2/2/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 966 | 1,091 | 1,136 | 1,274 | 1,105 | 1,196 | 1,331 | 1,205 | 1,179 | 1,323 | 1,431 | 1,537 | 1,428 | 1,473 | 1,944 |
| EBITDA 1 | 446 | 431 | 499 | 547 | 495 | 461 | 559 | 586 | 507 | 530 | 589.5 | 687.6 | 590.8 | 625.4 | - |
| EBIT 1 | 223 | 50 | 98 | 158 | 110 | 53 | 130 | 128 | 59 | 141 | 130 | 140 | 102 | 166 | - |
| Operating Margin | 23.08% | 4.58% | 8.63% | 12.4% | 9.95% | 4.43% | 9.77% | 10.62% | 5% | 10.66% | 9.09% | 9.11% | 7.14% | 11.27% | - |
| Earnings before Tax (EBT) 1 | -11 | -81 | 49 | 184 | -85 | -12 | 201 | 170 | 45 | 152 | -43.5 | 65.5 | -49 | 3.5 | - |
| Net income 1 | -115 | -57 | -78 | -9 | -136 | -82 | -32 | -28 | -64 | 35 | -102 | -86 | -102.5 | -96 | - |
| Net margin | -11.9% | -5.22% | -6.87% | -0.71% | -12.31% | -6.86% | -2.4% | -2.32% | -5.43% | 2.65% | -7.13% | -5.6% | -7.18% | -6.52% | - |
| EPS 2 | -0.2100 | -0.1200 | -0.1600 | -0.0300 | -0.2500 | -0.1600 | -0.0900 | -0.1000 | -0.1400 | 0.0100 | -0.4189 | -0.3022 | -0.4333 | -0.3562 | -0.3508 |
| Dividend per Share 2 | 0.3000 | 0.3200 | 0.3200 | 0.3200 | 0.3200 | 0.3200 | 0.3375 | 0.3400 | 0.3400 | 0.3325 | 0.3569 | 0.3550 | 0.3550 | 0.3550 | 0.3621 |
| Announcement Date | 11/5/21 | 2/4/22 | 5/6/22 | 8/5/22 | 11/4/22 | 2/3/23 | 5/5/23 | 8/4/23 | 11/3/23 | 2/2/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 10,889 | 17,651 | 20,705 | 23,727 | 28,618 | 26,497 | 29,320 | 32,775 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.655 x | 10.94 x | 11.04 x | 11.85 x | 13.12 x | 10.93 x | 11.3 x | 12.5 x |
| Free Cash Flow 1 | 1,017 | 849 | -1,233 | -479 | -956 | 924 | 1,539 | 1,341 |
| ROE (net income / shareholders' equity) | - | -3.22% | -3.48% | -2.68% | -0.93% | -18.1% | -16% | -78.8% |
| ROA (Net income/ Total Assets) | - | - | -0.7% | -0.49% | -0.14% | 0.4% | -0.2% | 0.7% |
| Assets 1 | - | - | 52,798 | 59,989 | 71,429 | -96,625 | 5,584 | 18,500 |
| Book Value Per Share 2 | 15.10 | 20.20 | 20.80 | 23.10 | - | 3.510 | 1.530 | -0.0100 |
| Cash Flow per Share 2 | 2.080 | 2.600 | 1.380 | 1.560 | 5.930 | 1.780 | 2.560 | 2.740 |
| Capex 1 | 195 | 447 | 1,967 | 2,190 | 2,809 | 1,444 | 1,478 | 1,363 |
| Capex / Sales | 6.54% | 11.73% | 48.02% | 46.49% | 55.76% | 25.36% | 24.32% | 19.83% |
| Announcement Date | 2/6/20 | 2/4/21 | 2/4/22 | 2/3/23 | 2/2/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
21.31
USD
Average target price
28.89
USD
Spread / Average Target
+35.57%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -16.20% | 10.32B | |
| +9.55% | 86.34B | |
| -9.64% | 16.81B | |
| +10.12% | 11.2B | |
| +43.27% | 11.15B | |
| +6.77% | 9.08B | |
| +12.09% | 6.76B | |
| -3.03% | 5.29B | |
| +0.10% | 4.35B | |
| -.--% | 3.84B |
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