Brookfield Infrastructure Partners
Market Cap
US$21.4b
Last Updated
2021/03/01 00:13 UTC
Data Sources
Company Financials +
Executive Summary
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses in North and South America, Europe, and the Asia Pacific. More Details
Rewards
Risk Analysis
Dividend of 4% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Proven track record second-rate dividend payer.
Share Price & News
How has Brookfield Infrastructure Partners's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BIP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BIP's weekly volatility has decreased from 8% to 3% over the past year.
Market Performance
7 Day Return
-4.2%
BIP
-4.4%
US Integrated Utilities
-3.6%
US Market
1 Year Return
12.0%
BIP
-9.4%
US Integrated Utilities
36.5%
US Market
Return vs Industry: BIP exceeded the US Integrated Utilities industry which returned -9.4% over the past year.
Return vs Market: BIP underperformed the US Market which returned 36.4% over the past year.
Shareholder returns
| BIP | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.2% | -4.4% | -3.6% |
| 30 Day | -2.3% | -5.0% | 2.7% |
| 90 Day | 2.3% | -9.8% | 7.5% |
| 1 Year | 16.8%12.0% | -6.3%-9.4% | 39.5%36.5% |
| 3 Year | 59.2%39.4% | 19.3%7.3% | 53.5%43.6% |
| 5 Year | 181.1%124.5% | 41.4%18.6% | 117.5%93.2% |
Long-Term Price Volatility Vs. Market
How volatile is Brookfield Infrastructure Partners's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
What Investors Should Know About Brookfield Infrastructure Partners LP's (NYSE:BIP) Financial Strength2 years ago | Simply Wall St
Have Insiders Sold Brookfield Infrastructure Partners LP (NYSE:BIP) Shares Recently?2 years ago | Simply Wall St
Is Brookfield Infrastructure Partners LP's (NYSE:BIP) PE Ratio A Signal To Sell For Investors?Valuation
Is Brookfield Infrastructure Partners undervalued compared to its fair value and its price relative to the market?
48.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BIP ($50.95) is trading below our estimate of fair value ($98.55)
Significantly Below Fair Value: BIP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BIP is poor value based on its PE Ratio (106.5x) compared to the US Integrated Utilities industry average (19.7x).
PE vs Market: BIP is poor value based on its PE Ratio (106.5x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BIP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BIP is overvalued based on its PB Ratio (3.6x) compared to the US Integrated Utilities industry average (1.8x).
Next Steps
Future Growth
How is Brookfield Infrastructure Partners forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-9.9%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if BIP's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if BIP's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BIP's revenue is expected to decline over the next 3 years (-9.9% per year).
High Growth Revenue: BIP's revenue is forecast to decline over the next 3 years (-9.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BIP's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Brookfield Infrastructure Partners performed over the past 5 years?
-32.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BIP has high quality earnings.
Growing Profit Margin: BIP's current net profit margins (1.6%) are higher than last year (0.3%).
Past Earnings Growth Analysis
Earnings Trend: BIP's earnings have declined by 32.8% per year over the past 5 years.
Accelerating Growth: BIP's earnings growth over the past year (618.4%) exceeds its 5-year average (-32.8% per year).
Earnings vs Industry: BIP earnings growth over the past year (618.4%) exceeded the Integrated Utilities industry 5.5%.
Return on Equity
High ROE: BIP's Return on Equity (4.2%) is considered low.
Next Steps
Financial Health
How is Brookfield Infrastructure Partners's financial position?
Financial Position Analysis
Short Term Liabilities: BIP's short term assets ($867.0M) do not cover its short term liabilities ($5.6B).
Long Term Liabilities: BIP's short term assets ($867.0M) do not cover its long term liabilities ($34.0B).
Debt to Equity History and Analysis
Debt Level: BIP's debt to equity ratio (99%) is considered high.
Reducing Debt: BIP's debt to equity ratio has increased from 98.6% to 99% over the past 5 years.
Debt Coverage: BIP's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: BIP's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Brookfield Infrastructure Partners's current dividend yield, its reliability and sustainability?
4.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BIP's dividend (4%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: BIP's dividend (4%) is in the top 25% of dividend payers in the US market (3.77%)
Stability and Growth of Payments
Stable Dividend: BIP's dividend payments have been volatile in the past 10 years.
Growing Dividend: BIP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (421.7%), BIP's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BIP's dividends in 3 years are not forecast to be well covered by earnings (142.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Sam Pollock (54 yo)
no data
Tenure
US$3,824,886
Compensation
Mr. Samuel J. B. Pollock, also known as Sam, serves as Managing Partner and Chief Executive Officer at Brookfield Infrastructure Corporation. He is Managing Partner of Brookfield Asset Management Inc. and ...
CEO Compensation Analysis
Compensation vs Market: Sam's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD10.55M).
Compensation vs Earnings: Insufficient data to compare Sam's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer of Brookfield Infrastructure Partners Limited | no data | US$3.82m | 0.025% $ 5.3m | |
| Chief Financial Officer of Brookfield Infrastructure Partners Limited | no data | US$3.98m | 0.011% $ 2.4m | |
| Chief Operating Officer of Brookfield Infrastructure Partners Limited | no data | US$1.39m | no data | |
| Chief Investment Officer and Head of Transport & Energy - Brookfield Infrastructure Partners Limited | no data | US$4.91m | no data | |
| Managing Partner of Australia | no data | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior Vice President of Communications | no data | no data | no data | |
| Managing Partner of Infrastructure | 3.08yrs | no data | no data | |
| Managing Director of Brookfield Infrastructure Partners Limited | 3.83yrs | no data | no data | |
| MD & COO of Timber - Brookfield Infrastructure Partners Ltd | 3.83yrs | no data | no data | |
| Managing Director of Infrastructure - Brookfield Infrastructure Partners Limited | 3.83yrs | no data | no data | |
| Managing Director of Brookfield Infrastructure Partners Limited | 3.83yrs | no data | no data |
3.8yrs
Average Tenure
50yo
Average Age
Experienced Management: BIP's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director of Brookfield Infrastructure Partners Limited | 13.08yrs | no data | no data | |
| Independent Chairman of Brookfield Infrastructure Partners Limited | 1yr | no data | 0.0066% $ 1.4m | |
| Independent Director of Brookfield Infrastructure Partners Limited | 1.5yrs | no data | no data | |
| Independent Director of Brookfield Infrastructure Partners Limited | 1.5yrs | no data | no data | |
| Independent Director of Brookfield Infrastructure Partners Limited | 4.25yrs | no data | no data | |
| Independent Director of Brookfield Infrastructure Partners Limited | 1yr | no data | 0.00077% $ 164.8k |
1.5yrs
Average Tenure
59yo
Average Age
Experienced Board: BIP's board of directors are not considered experienced ( 1.5 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: 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.
Top Shareholders
Company Information
Brookfield Infrastructure Partners L.P.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Brookfield Infrastructure Partners L.P.
- Ticker: BIP
- Exchange: NYSE
- Founded: 2007
- Industry: Multi-Utilities
- Sector: Utilities
- Implied Market Cap: US$21.404b
- Market Cap: US$15.053b
- Shares outstanding: 420.10m
- Website: https://www.bip.brookfield.com
Location
- Brookfield Infrastructure Partners L.P.
- 73 Front Street
- 5th Floor
- Hamilton
- HM 12
- Bermuda
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BIP | NYSE (New York Stock Exchange) | Yes | Limited Partnership Units | US | USD | Jan 2008 |
| BIP.UN | TSX (The Toronto Stock Exchange) | Yes | Limited Partnership Units | CA | CAD | Jan 2008 |
| BIP.PRA | TSX (The Toronto Stock Exchange) | PFD LT SR 1 CL A | CA | CAD | Mar 2015 | |
| BIP.PRB | TSX (The Toronto Stock Exchange) | PFD LT CL A SR 3 | CA | CAD | Dec 2015 | |
| BIPA.F | OTCPK (Pink Sheets LLC) | PFD CUM LTD | US | USD | Aug 2016 | |
| BIP.PRC | TSX (The Toronto Stock Exchange) | PFD CUM LTD | CA | CAD | Aug 2016 | |
| BIP.PRD | TSX (The Toronto Stock Exchange) | LP UNT CUM A 7 | CA | CAD | Jan 2017 | |
| BINF.F | OTCPK (Pink Sheets LLC) | LP UNT CUM A 7 | US | USD | Jan 2017 | |
| BIP.PRE | TSX (The Toronto Stock Exchange) | PFD UNT A SR 9 | CA | CAD | Jan 2018 | |
| BIP.PRF | TSX (The Toronto Stock Exchange) | UNIT PFD LP A | CA | CAD | Sep 2018 | |
| BIP.PRA | NYSE (New York Stock Exchange) | 5.125 CL A PFD13 | US | USD | Sep 2020 | |
| BIP.PRB | NYSE (New York Stock Exchange) | 5.00% PFD A 14 | US | USD | Jan 2021 |
Biography
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses in North and South America, Europe, and the Asia Pacific. The Utilities segment op...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/01 00:13 |
| End of Day Share Price | 2021/02/26 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.