Brookfield Renewable Partners (TSX:BEP.UN) - Share price, News & Analysis

BEP.UN fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	0/6
Financial Health	0/6
Dividends	2/6

BEP.UN Stock Overview

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China.

Rewards

Earnings are forecast to grow 49.55% per year

Risk Analysis

Dividend of 3.51% is not well covered by earnings or forecast to be in the next 3 years

Has less than 1 year of cash runway

Brookfield Renewable Partners Competitors

TransAlta Renewables

TSX:RNW

CA$4.7b

Clearway Energy

NYSE:CWEN.A

US$6.6b

NextEra Energy Partners

NYSE:NEP

US$5.8b

Renewables Infrastructure Group

LSE:TRIG

UK£3.3b

Price History & Performance

Summary of all time highs, changes and price drops for Brookfield Renewable Partners
Historical stock prices
Current Share Price	CA$46.84
52 Week High	CA$52.98
52 Week Low	CA$39.24
Beta	0.79
1 Month Change	1.39%
3 Month Change	6.55%
1 Year Change	-4.43%
3 Year Change	97.09%
5 Year Change	107.13%
Change since IPO	782.66%

Shareholder Returns

	BEP.UN	CA Renewable Energy	CA Market
7D	5.0%	2.8%	1.7%
1Y	-4.4%	-3.1%	4.7%

Return vs Industry: BEP.UN underperformed the Canadian Renewable Energy industry which returned -2% over the past year.

Return vs Market: BEP.UN underperformed the Canadian Market which returned 5.2% over the past year.

Price Volatility

Is BEP.UN's price volatile compared to industry and market?
BEP.UN volatility
BEP.UN Average Weekly Movement	3.5%
Renewable Energy Industry Average Movement	4.2%
Market Average Movement	9.9%
10% most volatile stocks in CA Market	17.0%
10% least volatile stocks in CA Market	4.3%

Stable Share Price: BEP.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BEP.UN's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	3,200	Connor Teskey	https://www.bep.brookfield.com

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources. Its portfolio consists of approximately 21,000 megawatts of installed capacity.

Brookfield Renewable Partners Fundamentals Summary

How do Brookfield Renewable Partners's earnings and revenue compare to its market cap?
BEP.UN fundamental statistics
Market Cap	US$17.29b
Earnings (TTM)	-US$242.00m
Revenue (TTM)	US$4.22b

4.1x

P/S Ratio

-71.4x

P/E Ratio

Is BEP.UN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BEP.UN income statement (TTM)
Revenue	US$4.22b
Cost of Revenue	US$1.24b
Gross Profit	US$2.98b
Other Expenses	US$3.22b
Earnings	-US$242.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.51
Gross Margin	70.52%
Net Profit Margin	-5.73%
Debt/Equity Ratio	90.8%

How did BEP.UN perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

-241%

Payout Ratio

Does BEP.UN pay a reliable dividends?

See BEP.UN dividend history and benchmarks

When do you need to buy BEP.UN by to receive an upcoming dividend?
Brookfield Renewable Partners dividend dates
Ex Dividend Date	May 30 2022
Dividend Pay Date	Jun 30 2022
Days until Ex dividend	3 days
Days until Dividend pay date	34 days

Does BEP.UN pay a reliable dividends?

See BEP.UN dividend history and benchmarks

Valuation

Is Brookfield Renewable Partners undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

1.68x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: BEP.UN (CA$46.84) is trading above our estimate of fair value (CA$37.12)

Significantly Below Fair Value: BEP.UN is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: BEP.UN is unprofitable, so we can't compare its Price-To-Earnings Ratio to the Canadian Renewable Energy industry average.

PE vs Market: BEP.UN is unprofitable, so we can't compare its Price-To-Earnings Ratio to the Canadian market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BEP.UN's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: BEP.UN is good value based on its Price-To-Book Ratio (1.7x) compared to the CA Renewable Energy industry average (2.4x).

Future Growth

How is Brookfield Renewable Partners forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

49.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEP.UN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: BEP.UN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BEP.UN's is expected to become profitable in the next 3 years.

Revenue vs Market: BEP.UN's revenue (7.8% per year) is forecast to grow faster than the Canadian market (6.3% per year).

High Growth Revenue: BEP.UN's revenue (7.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if BEP.UN's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Brookfield Renewable Partners performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-50.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BEP.UN is currently unprofitable.

Growing Profit Margin: BEP.UN is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: BEP.UN is unprofitable, and losses have increased over the past 5 years at a rate of 50.8% per year.

Accelerating Growth: Unable to compare BEP.UN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BEP.UN is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-8.5%).

Return on Equity

High ROE: BEP.UN has a negative Return on Equity (0.089%), as it is currently unprofitable.

Financial Health

How is Brookfield Renewable Partners's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BEP.UN's short term assets ($2.9B) do not cover its short term liabilities ($5.1B).

Long Term Liabilities: BEP.UN's short term assets ($2.9B) do not cover its long term liabilities ($28.9B).

Debt to Equity History and Analysis

Debt Level: BEP.UN's net debt to equity ratio (87.6%) is considered high.

Reducing Debt: BEP.UN's debt to equity ratio has increased from 77.9% to 90.8% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BEP.UN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BEP.UN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

Dividend

What is Brookfield Renewable Partners's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

3.51%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: BEP.UN's dividend (3.51%) is higher than the bottom 25% of dividend payers in the Canadian market (1.9%).

High Dividend: BEP.UN's dividend (3.51%) is low compared to the top 25% of dividend payers in the Canadian market (4.92%).

Stability and Growth of Payments

Stable Dividend: BEP.UN's dividend payments have been volatile in the past 10 years.

Growing Dividend: BEP.UN's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: BEP.UN is paying a dividend but the company is unprofitable.

Cash Payout to Shareholders

Cash Flow Coverage: BEP.UN is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure

CEO

Connor Teskey (33 yo)

1.58yrs

Tenure

US$8,822,330

Compensation

Mr. Connor David Teskey serves as Chief Executive Officer of BRP Energy Group L.P., the Service Provider of Brookfield Renewable Partners L.P. since October 05, 2020 and served as its Chief Investment Offi...

CEO Compensation Analysis

Compensation vs Market: Connor's total compensation ($USD8.82M) is about average for companies of similar size in the Canadian market ($USD7.50M).

Compensation vs Earnings: Connor's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: BEP.UN's management team is considered experienced (3.2 years average tenure).

Board Members

Experienced Board: BEP.UN's board of directors are considered experienced (6.9 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31