Brookfield Renewable Partners
Market Cap
US$20.2b
Last Updated
2021/03/02 23:52 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
Dividend of 2.85% is not well covered by earnings or forecast to be in the next 3 years
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
| BEP | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.2% | -7.8% | -0.7% |
| 30 Day | -5.6% | -5.6% | 4.3% |
| 90 Day | 7.1% | 10.5% | 8.1% |
| 1 Year | 53.6%48.4% | 35.8%31.7% | 39.6%36.6% |
| 3 Year | 207.0%164.1% | 72.6%58.7% | 53.5%43.7% |
| 5 Year | 260.3%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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Financial Officer of BRP Energy Group LP | no data | US$711.64k | 0.00021% $ 42.5k | |
| Chief Operating Officer of BRP Energy Group LP | 3.17yrs | US$913.94k | no data | |
| General Counsel of BRP Energy Group LP | no data | US$890.43k | 0.00032% $ 64.7k | |
| Managing Partner of Renewable Power | 2yrs | US$1.33m | no data | |
| CEO & Managing Partner | 0.42yr | no data | 0.00029% $ 58.7k | |
| Managing Partner of Private Equity | 4.17yrs | US$1.62m | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Vice President of Communications | no data | no data | no data | |
| Senior Vice President of Energy Management Services | no data | no data | no data | |
| Senior Managing Partner | no data | US$2.58m | no data | |
| Managing Director of Renewable Power | 12.67yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Brookfield Renewable Partners Limited | 9.58yrs | no data | no data | |
| Independent Director of Brookfield Renewable Partners Limited | 2.17yrs | no data | 0.00033% $ 66.7k | |
| Vice Chair of Brookfield Renewable Partners Limited | 0.42yr | US$13.07m | 0.0026% $ 523.8k | |
| Lead Independent Director of Brookfield Renewable Partners Limited | 5.08yrs | no data | 0.0057% $ 1.2m | |
| Independent Director of Brookfield Renewable Partners Limited | 9.58yrs | no data | 0.0047% $ 960.7k | |
| Vice Chair | 0.42yr | no data | no data | |
| Independent Director of Brookfield Renewable Partners Limited | 9.33yrs | no data | 0.0035% $ 713.9k | |
| Independent Director of Brookfield Renewable Partners Limited | 2.17yrs | no data | no data | |
| Independent Director of Brookfield Renewable Partners Limited | 0.33yr | no data | 0.0013% $ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BEP.UN | TSX (The Toronto Stock Exchange) | Yes | Limited Partnership Units | CA | CAD | Nov 1999 |
| BEP | NYSE (New York Stock Exchange) | Yes | Limited Partnership Units | US | USD | Nov 1999 |
| 0JSE | LSE (London Stock Exchange) | Yes | Limited Partnership Units | GB | CAD | Nov 1999 |
| BEP.PRG | TSX (The Toronto Stock Exchange) | 5.5 CL A PFD SR7 | CA | CAD | Nov 2015 | |
| BREN.F | OTCPK (Pink Sheets LLC) | 5.5 CL A PFD SR7 | US | USD | Nov 2015 | |
| BEP.PRE | TSX (The Toronto Stock Exchange) | PFD LTD PARTNERSHIP UNIT CL A SER 5 | CA | CAD | Feb 2016 | |
| BXE0 | DB (Deutsche Boerse AG) | PFD LTD PARTNERSHIP UNIT CL A SER 5 | DE | EUR | Feb 2016 | |
| BEP.PRI | TSX (The Toronto Stock Exchange) | PFD LP UNIT 9 | CA | CAD | May 2016 | |
| BEP.PRK | TSX (The Toronto Stock Exchange) | 5% CL A PF SR 11 | CA | CAD | Feb 2017 | |
| BEP.PRM | TSX (The Toronto Stock Exchange) | PFD UNIT SR 13 | CA | CAD | Jan 2018 | |
| BEP.PRO | TSX (The Toronto Stock Exchange) | 5.75% PFD A 15 | CA | CAD | Mar 2019 | |
| BEP.PRA | NYSE (New York Stock Exchange) | 5.25% PFD CL A | US | USD | Feb 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/02 23:52 |
| End of Day Share Price | 2021/03/02 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.