Brookfield Infrastructure Partners L.P.

NYSE:BIP.PRA Stock Report

Market Cap: US$16.0b

Brookfield Infrastructure Partners Valuation

Is BIP.PRA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation 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.PRA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BIP.PRA ($19.1) is trading below our estimate of fair value ($98.6)

Significantly Below Fair Value: BIP.PRA 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.PRA?

Key metric: As BIP.PRA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BIP.PRA. This is calculated by dividing BIP.PRA's market cap by their current revenue.
What is BIP.PRA's PS Ratio?
PS Ratio0.8x
SalesUS$20.57b
Market CapUS$15.99b

Price to Sales Ratio vs Peers

How does BIP.PRA's PS Ratio compare to its peers?

The above table shows the PS ratio for BIP.PRA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3x
NI NiSource
3.3x6.8%US$17.4b
CNP CenterPoint Energy
2.4x5.5%US$20.6b
CMS CMS Energy
2.8x4.7%US$20.5b
AEE Ameren
3.6x6.1%US$24.6b
BIP.PRA Brookfield Infrastructure Partners
0.8x4.5%US$16.0b

Price-To-Sales vs Peers: BIP.PRA is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (3x).


Price to Sales Ratio vs Industry

How does BIP.PRA's PS Ratio compare vs other companies in the North American Integrated Utilities Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
BIP.PRA 0.8xIndustry Avg. 1.6xNo. of Companies3PS01.22.43.64.86+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BIP.PRA 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.PRA'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.

BIP.PRA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio1.4x

Price-To-Sales vs Fair Ratio: BIP.PRA is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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