Brookfield Infrastructure Partners Valuation
Is BIP.UN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of BIP.UN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BIP.UN (CA$48.67) is trading below our estimate of fair value (CA$255.08)
Significantly Below Fair Value: BIP.UN is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BIP.UN?
Key metric: As BIP.UN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is BIP.UN's PS Ratio? | |
|---|---|
| PS Ratio | 0.8x |
| Sales | US$20.57b |
| Market Cap | US$15.99b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.7x |
| Enterprise Value/EBITDA | 11.5x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does BIP.UN's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.8x | ||
CU Canadian Utilities | 2.6x | 7.3% | CA$9.6b |
ACO.X ATCO | 1.2x | 6.3% | CA$5.4b |
AQN Algonquin Power & Utilities | 1.4x | -0.2% | CA$5.1b |
BEP.UN Brookfield Renewable Partners | 2.1x | 9.0% | CA$16.9b |
BIP.UN Brookfield Infrastructure Partners | 0.8x | 4.5% | CA$16.0b |
Price-To-Sales vs Peers: BIP.UN is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (1.8x).
Price to Sales Ratio vs Industry
How does BIP.UN's PS Ratio compare vs other companies in the North American Integrated Utilities Industry?
| 1 Company | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 1 Company | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: BIP.UN is good value based on its Price-To-Sales Ratio (0.8x) compared to the Global Integrated Utilities industry average (1.6x).
Price to Sales Ratio vs Fair Ratio
What is BIP.UN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.8x |
| Fair PS Ratio | 1x |
Price-To-Sales vs Fair Ratio: BIP.UN is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (1x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | CA$48.67 | CA$54.82 +12.6% | 10.5% | CA$69.31 | CA$47.13 | n/a | 11 |
| Nov ’25 | CA$47.66 | CA$54.02 +13.4% | 11.3% | CA$68.20 | CA$47.32 | n/a | 11 |
| Oct ’25 | CA$46.70 | CA$52.22 +11.8% | 11.3% | CA$66.23 | CA$45.96 | n/a | 11 |
| Sep ’25 | CA$43.47 | CA$52.09 +19.8% | 11.7% | CA$66.69 | CA$46.28 | n/a | 11 |
| Aug ’25 | CA$42.98 | CA$52.72 +22.7% | 12.7% | CA$67.98 | CA$43.01 | n/a | 11 |
| Jul ’25 | CA$37.58 | CA$51.60 +37.3% | 13.0% | CA$67.02 | CA$42.40 | n/a | 11 |
| Jun ’25 | CA$39.38 | CA$51.60 +31.0% | 13.0% | CA$67.02 | CA$42.40 | n/a | 11 |
| May ’25 | CA$37.97 | CA$51.78 +36.4% | 10.9% | CA$63.29 | CA$45.40 | n/a | 11 |
| Apr ’25 | CA$41.26 | CA$51.69 +25.3% | 10.3% | CA$62.13 | CA$44.57 | n/a | 11 |
| Mar ’25 | CA$39.40 | CA$51.69 +31.2% | 10.3% | CA$62.13 | CA$44.57 | n/a | 11 |
| Feb ’25 | CA$42.54 | CA$50.68 +19.1% | 12.4% | CA$60.25 | CA$36.82 | n/a | 10 |
| Jan ’25 | CA$41.76 | CA$51.60 +23.6% | 12.4% | CA$61.51 | CA$37.59 | n/a | 10 |
| Dec ’24 | CA$37.47 | CA$51.60 +37.7% | 12.4% | CA$61.51 | CA$37.59 | n/a | 10 |
| Nov ’24 | CA$34.78 | CA$55.04 +58.2% | 10.2% | CA$62.38 | CA$45.75 | CA$47.66 | 10 |
| Oct ’24 | CA$39.86 | CA$57.48 +44.2% | 10.1% | CA$67.41 | CA$48.54 | CA$46.70 | 11 |
| Sep ’24 | CA$43.83 | CA$57.33 +30.8% | 9.6% | CA$66.92 | CA$48.18 | CA$43.47 | 12 |
| Aug ’24 | CA$46.38 | CA$57.88 +24.8% | 8.3% | CA$64.85 | CA$47.65 | CA$42.98 | 11 |
| Jul ’24 | CA$48.42 | CA$57.77 +19.3% | 8.7% | CA$64.63 | CA$47.48 | CA$37.58 | 10 |
| Jun ’24 | CA$48.60 | CA$57.99 +19.3% | 10.7% | CA$66.33 | CA$44.67 | CA$39.38 | 12 |
| May ’24 | CA$47.27 | CA$57.17 +20.9% | 12.8% | CA$66.04 | CA$39.09 | CA$37.97 | 12 |
| Apr ’24 | CA$45.67 | CA$57.11 +25.1% | 12.8% | CA$66.63 | CA$39.44 | CA$41.26 | 12 |
| Mar ’24 | CA$45.11 | CA$56.44 +25.1% | 12.8% | CA$65.39 | CA$38.70 | CA$39.40 | 12 |
| Feb ’24 | CA$45.18 | CA$56.13 +24.2% | 12.8% | CA$65.29 | CA$38.64 | CA$42.54 | 12 |
| Jan ’24 | CA$41.94 | CA$58.25 +38.9% | 12.2% | CA$66.91 | CA$39.60 | CA$41.76 | 12 |
| Dec ’23 | CA$48.40 | CA$60.15 +24.3% | 7.5% | CA$67.15 | CA$52.08 | CA$37.47 | 11 |
| Nov ’23 | CA$49.63 | CA$60.70 +22.3% | 6.6% | CA$66.66 | CA$51.69 | CA$34.78 | 11 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
Spark Power Group
CA$73.6m
Spark Power Group Inc. provides electrical contracting, operations, and maintenance services, as well as energy sustainability solutions in Canada and the United States.
SPG
CA$0.81
7D
0%
1Y
58.8%
Brookfield Renewable Partners
CA$14.0b
Owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil.
BEP.PRO
CA$24.99
7D
0.04%
1Y
8.7%
Kontrol Technologies
US$8.0m
Through its subsidiaries, provides energy compliance and consulting services.
KNR
US$0.19
7D
-13.6%
1Y
-9.5%