How does BIPC's PS Ratio compare to its peers?

BIPC is good value based on its Price-To-Sales Ratio (1.4x) compared to the peer average (2x).

How does BIPC's PS Ratio compare vs other companies in the North American Gas Utilities Industry?

BIPC is expensive based on its Price-To-Sales Ratio (1.4x) compared to the Global Gas Utilities industry average (0.9x).

What is BIPC'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.

BIPC is good value based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (3.5x).

What is the Fair Price of BIPC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

BIPC ($42.02) is trading below our estimate of [[fair value]] ($224.95)

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

Target price is less than 20% higher than the current share price.

BIPC Stock Overview

Owns and operates regulated natural gas transmission systems in Brazil. More details

BIPC fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	0/6
Dividends	2/6

Rewards

Trading at 81.3% below our estimate of its fair value

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 3.86% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

Brookfield Infrastructure Corporation Competitors

Southwest Gas Holdings

NYSE:SWX

US$5.2b

Spire

NYSE:SR

US$4.0b

ONE Gas

NYSE:OGS

US$3.9b

National Fuel Gas

NYSE:NFG

US$6.2b

Price History & Performance

Summary of share price highs, lows and changes for Brookfield Infrastructure
Historical stock prices
Current Share Price	US$42.02
52 Week High	US$45.29
52 Week Low	US$28.47
Beta	1.44
1 Month Change	5.02%
3 Month Change	2.31%
1 Year Change	16.66%
3 Year Change	-5.42%
5 Year Change	n/a
Change since IPO	93.70%

Recent updates

Shareholder Returns

	BIPC	US Gas Utilities	US Market
7D	-0.6%	-0.5%	-0.8%
1Y	16.7%	20.3%	25.2%

Return vs Industry: BIPC underperformed the US Gas Utilities industry which returned 20.3% over the past year.

Return vs Market: BIPC underperformed the US Market which returned 25.2% over the past year.

Price Volatility

Is BIPC's price volatile compared to industry and market?
BIPC volatility
BIPC Average Weekly Movement	4.6%
Gas Utilities Industry Average Movement	3.5%
Market Average Movement	6.5%
10% most volatile stocks in US Market	18.7%
10% least volatile stocks in US Market	3.3%

Stable Share Price: BIPC has not had significant price volatility in the past 3 months compared to the US market.

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

About the Company

Founded	Employees	CEO	Website
2019	n/a	Sam Pollock	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, Brazil; 4.5 million gas and electricity connections in the U.K.; and a global fleet of approximately 7 million twenty-foot equivalent units (TEUs) intermodal containers under long-term contracts.

Brookfield Infrastructure Corporation Fundamentals Summary

How do Brookfield Infrastructure's earnings and revenue compare to its market cap?
BIPC fundamental statistics
Market cap	US$4.79b
Earnings (TTM)	-US$608.00m
Revenue (TTM)	US$3.67b

1.4x

P/S Ratio

-8.2x

P/E Ratio

Is BIPC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BIPC income statement (TTM)
Revenue	US$3.67b
Cost of Revenue	US$1.38b
Gross Profit	US$2.29b
Other Expenses	US$2.90b
Earnings	-US$608.00m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-5.11
Gross Margin	62.41%
Net Profit Margin	-16.58%
Debt/Equity Ratio	552.7%

How did BIPC perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

-33%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/30 23:34
End of Day Share Price	2025/01/30 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Brookfield Infrastructure Corporation is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Asit Sen	BofA Global Research
Robert Kad	Morgan Stanley
Frederic Bastien	Raymond James Ltd.

Brookfield Infrastructure NYSE:BIPC Stock Report