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BIPC

Brookfield InfrastructureNYSE:BIPC Stock Report

Last Price

US$64.32

Market Cap

US$4.8b

7D

-1.2%

1Y

-6.6%

Updated

19 Jan, 2022

Data

Company Financials
BIPC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends1/6

BIPC Stock Overview

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil.

Price History & Performance

Summary of all time highs, changes and price drops for Brookfield Infrastructure
Historical stock prices
Current Share PriceUS$64.32
52 Week HighUS$80.60
52 Week LowUS$56.89
Beta0
1 Month Change-0.23%
3 Month Change7.49%
1 Year Change-6.55%
3 Year Changen/a
5 Year Changen/a
Change since IPO97.66%

Recent News & Updates

Jan 16
A Look At The Fair Value Of Brookfield Infrastructure Corporation (NYSE:BIPC)

A Look At The Fair Value Of Brookfield Infrastructure Corporation (NYSE:BIPC)

Does the January share price for Brookfield Infrastructure Corporation ( NYSE:BIPC ) reflect what it's really worth...

Dec 28

Brookfield Infrastructure: Won't Build Your Portfolio

Too many negatives persist to recommend retail value investors buy Brookfield at this time: losses, fewer assets than liabilities, debt, etc. Yet infrastructure companies like Brookfield are in demand around the world because aging facilities are forestalling growth and threaten national security. The average price target is near $70. That leaves the implied upside less than 5% and a middling dividend yield of about 3%. Also, insiders own a sliver of shares.

Sep 15
A Look At The Fair Value Of Brookfield Infrastructure Corporation (NYSE:BIPC)

A Look At The Fair Value Of Brookfield Infrastructure Corporation (NYSE:BIPC)

Does the September share price for Brookfield Infrastructure Corporation ( NYSE:BIPC ) reflect what it's really worth...

Shareholder Returns

BIPCUS Gas UtilitiesUS Market
7D-1.2%-0.003%-4.6%
1Y-6.6%10.6%7.7%

Return vs Industry: BIPC underperformed the US Gas Utilities industry which returned 10.9% over the past year.

Return vs Market: BIPC underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is BIPC's price volatile compared to industry and market?
BIPC volatility
BIPC Average Weekly Movement4.3%
Gas Utilities Industry Average Movement3.1%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: BIPC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BIPC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2019n/aSam Pollockhttps://bip.brookfield.com/bipc

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom. It operates approximately 2,000 kilometers of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; and 3.6 million gas and electricity connections and 1.5 million installed smart meters in the United Kingdom.

Brookfield Infrastructure Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
BIPC income statement (TTM)
RevenueUS$1.60b
Cost of RevenueUS$280.00m
Gross ProfitUS$1.32b
ExpensesUS$1.53b
Earnings-US$201.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-2.69
Gross Margin82.54%
Net Profit Margin-12.53%
Debt/Equity Ratio-322.4%

How did BIPC perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

-65%

Payout Ratio

Valuation

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

3.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BIPC ($64.32) is trading below our estimate of fair value ($66.94)

Significantly Below Fair Value: BIPC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BIPC is unprofitable, so we can't compare its PE Ratio to the US Gas Utilities industry average.

PE vs Market: BIPC 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 BIPC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BIPC has negative assets, so we can't compare its PB Ratio to the US Gas Utilities industry average.


Future Growth

How is Brookfield Infrastructure forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.8%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Brookfield Infrastructure has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Brookfield Infrastructure performed over the past 5 years?

-60.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIPC is currently unprofitable.

Growing Profit Margin: BIPC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BIPC is unprofitable, and losses have increased over the past 5 years at a rate of 60.5% per year.

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

Earnings vs Industry: BIPC is unprofitable, making it difficult to compare its past year earnings growth to the Gas Utilities industry (13%).


Return on Equity

High ROE: BIPC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Brookfield Infrastructure's financial position?


Financial Position Analysis

Short Term Liabilities: BIPC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BIPC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BIPC has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: BIPC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable BIPC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BIPC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.9% per year.


Dividend

What is Brookfield Infrastructure current dividend yield, its reliability and sustainability?

3.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BIPC's dividend (3.17%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: BIPC's dividend (3.17%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BIPC has been paying a dividend for less than 10 years.

Growing Dividend: BIPC's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.8yrs

Average board tenure


CEO

Sam Pollock (55 yo)

no data

Tenure

US$4,556,660

Compensation

Mr. Samuel J. B. Pollock, also known as Sam, serves as Managing Partner and Chief Executive Officer at Brookfield Asset Management Private Institutional Capital Adviser (Credit), LLC and also at Brookfield...


CEO Compensation Analysis

Compensation vs Market: Sam's total compensation ($USD4.56M) is about average for companies of similar size in the US market ($USD6.41M).

Compensation vs Earnings: Sam's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: BIPC's board of directors are not considered experienced ( 1.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 61.1%.


Top Shareholders

Company Information

Brookfield Infrastructure Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Brookfield Infrastructure Corporation
  • Ticker: BIPC
  • Exchange: NYSE
  • Founded: 2019
  • Industry: Gas Utilities
  • Sector: Utilities
  • Implied Market Cap: US$4.806b
  • Shares outstanding: 74.72m
  • Website: https://bip.brookfield.com/bipc

Number of Employees


Location

  • Brookfield Infrastructure Corporation
  • 250 Vesey Street
  • 15th Floor
  • New York
  • New York
  • 10281-1023
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:47
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
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.