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Brookfield Renewable Partners

Executive Summary

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


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Brookfield Renewable Partners's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BEP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BEP's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-2.2%

BEP

-7.8%

US Renewable Energy

-0.7%

US Market


1 Year Return

48.4%

BEP

31.7%

US Renewable Energy

36.6%

US Market

Return vs Industry: BEP exceeded the US Renewable Energy industry which returned 31.7% over the past year.

Return vs Market: BEP exceeded the US Market which returned 36.6% over the past year.


Shareholder returns

BEPIndustryMarket
7 Day-2.2%-7.8%-0.7%
30 Day-5.6%-5.6%4.3%
90 Day7.1%10.5%8.1%
1 Year53.6%48.4%35.8%31.7%39.6%36.6%
3 Year207.0%164.1%72.6%58.7%53.5%43.7%
5 Year260.3%175.5%188.9%139.9%123.7%98.8%

Long-Term Price Volatility Vs. Market

How volatile is Brookfield Renewable Partners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BEP ($42.75) is trading below our estimate of fair value ($96.38)

Significantly Below Fair Value: BEP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BEP is unprofitable, so we can't compare its PE Ratio to the US Renewable Energy industry average.

PE vs Market: BEP is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BEP is good value based on its PB Ratio (2.2x) compared to the US Renewable Energy industry average (2.8x).


Next Steps

Future Growth

How is Brookfield Renewable Partners forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

65.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

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

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

Revenue vs Market: BEP's revenue (3.4% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: BEP's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BEP's Return on Equity is forecast to be low in 3 years time (2.6%).


Next Steps

Past Performance

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

-20.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BEP is currently unprofitable.

Growing Profit Margin: BEP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BEP is unprofitable, and losses have increased over the past 5 years at a rate of 20.2% per year.

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

Earnings vs Industry: BEP is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-62.3%).


Return on Equity

High ROE: BEP has a negative Return on Equity (-0.21%), as it is currently unprofitable.


Next Steps

Financial Health

How is Brookfield Renewable Partners's financial position?


Financial Position Analysis

Short Term Liabilities: BEP's short term assets ($1.7B) do not cover its short term liabilities ($2.9B).

Long Term Liabilities: BEP's short term assets ($1.7B) do not cover its long term liabilities ($25.1B).


Debt to Equity History and Analysis

Debt Level: BEP's debt to equity ratio (83.1%) is considered high.

Reducing Debt: BEP's debt to equity ratio has reduced from 83.7% to 83.1% over the past 5 years.

Debt Coverage: BEP's debt is not well covered by operating cash flow (7.2%).

Interest Coverage: BEP is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

2.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BEP's dividend (2.85%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: BEP's dividend (2.85%) is low compared to the top 25% of dividend payers in the US market (3.72%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: BEP's dividends in 3 years are not forecast to be well covered by earnings (243.3% payout ratio).


Next Steps

Management

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

3.2yrs

Average management tenure


CEO

Connor Teskey (32 yo)

0.42

Tenure

Mr. Connor David Teskey serves as Chief Executive Officer at Brookfield Renewable Partners L.P. since October 5, 2020 and prior to this served as its Chief Investment Officer. Mr. Teskey serves as Managing...


Leadership Team

NamePositionTenureCompensationOwnership
Wyatt Hartley
Chief Financial Officer of BRP Energy Group LPno dataUS$711.64k0.00021%
$ 42.5k
Ruth Kent
Chief Operating Officer of BRP Energy Group LP3.17yrsUS$913.94kno data
Jennifer Mazin
General Counsel of BRP Energy Group LPno dataUS$890.43k0.00032%
$ 64.7k
F. Davidson
Managing Partner of Renewable Power2yrsUS$1.33mno data
Connor Teskey
CEO & Managing Partner0.42yrno data0.00029%
$ 58.7k
Ralf Rank
Managing Partner of Private Equity4.17yrsUS$1.62mno data
Divya Biyani
Director of Investor Relationsno datano datano data
Robin Kooyman
Senior Vice President of Investor Relationsno datano datano data
Claire Holland
Vice President of Communicationsno datano datano data
Jeffrey Martin
Senior Vice President of Energy Management Servicesno datano datano data
Benjamin Vaughan
Senior Managing Partnerno dataUS$2.58mno data
Brian Cook
Managing Director of Renewable Power12.67yrsno datano data

3.2yrs

Average Tenure

45.5yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Blidner
Chairman of Brookfield Renewable Partners Limited9.58yrsno datano data
Nancy Dorn
Independent Director of Brookfield Renewable Partners Limited2.17yrsno data0.00033%
$ 66.7k
Sachin Shah
Vice Chair of Brookfield Renewable Partners Limited0.42yrUS$13.07m0.0026%
$ 523.8k
David Mann
Lead Independent Director of Brookfield Renewable Partners Limited5.08yrsno data0.0057%
$ 1.2m
Louis Maroun
Independent Director of Brookfield Renewable Partners Limited9.58yrsno data0.0047%
$ 960.7k
Mark Carney
Vice Chair0.42yrno datano data
Patricia Zuccotti
Independent Director of Brookfield Renewable Partners Limited9.33yrsno data0.0035%
$ 713.9k
Stephen Westwell
Independent Director of Brookfield Renewable Partners Limited2.17yrsno datano data
Scott Cutler
Independent Director of Brookfield Renewable Partners Limited0.33yrno data0.0013%
$ 264.9k

2.2yrs

Average Tenure

62yo

Average Age

Experienced Board: BEP's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: BEP insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Brookfield Renewable Partners L.P.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Brookfield Renewable Partners L.P.
  • Ticker: BEP
  • Exchange: NYSE
  • Founded: 1999
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: CA$25.606b
  • Listing Market Cap: CA$20.224b
  • Shares outstanding: 473.30m
  • Website: https://www.bep.brookfield.com

Number of Employees


Location

  • Brookfield Renewable Partners L.P.
  • 73 Front Street
  • 5th Floor
  • Hamilton
  • HM 12
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BEP.UNTSX (The Toronto Stock Exchange)YesLimited Partnership UnitsCACADNov 1999
BEPNYSE (New York Stock Exchange)YesLimited Partnership UnitsUSUSDNov 1999
0JSELSE (London Stock Exchange)YesLimited Partnership UnitsGBCADNov 1999
BEP.PRGTSX (The Toronto Stock Exchange)5.5 CL A PFD SR7CACADNov 2015
BREN.FOTCPK (Pink Sheets LLC)5.5 CL A PFD SR7USUSDNov 2015
BEP.PRETSX (The Toronto Stock Exchange)PFD LTD PARTNERSHIP UNIT CL A SER 5CACADFeb 2016
BXE0DB (Deutsche Boerse AG)PFD LTD PARTNERSHIP UNIT CL A SER 5DEEURFeb 2016
BEP.PRITSX (The Toronto Stock Exchange)PFD LP UNIT 9CACADMay 2016
BEP.PRKTSX (The Toronto Stock Exchange)5% CL A PF SR 11CACADFeb 2017
BEP.PRMTSX (The Toronto Stock Exchange)PFD UNIT SR 13CACADJan 2018
BEP.PROTSX (The Toronto Stock Exchange)5.75% PFD A 15CACADMar 2019
BEP.PRANYSE (New York Stock Exchange)5.25% PFD CL AUSUSDFeb 2020

Biography

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 throug...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/02 23:52
End of Day Share Price2021/03/02 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.