| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 1/6 |
BIPC Stock Overview
Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$64.32 |
| 52 Week High | US$80.60 |
| 52 Week Low | US$56.89 |
| Beta | 0 |
| 1 Month Change | -0.23% |
| 3 Month Change | 7.49% |
| 1 Year Change | -6.55% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 97.66% |
Recent News & Updates
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...
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.
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
| BIPC | US Gas Utilities | US 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
| BIPC volatility | |
|---|---|
| BIPC Average Weekly Movement | 4.3% |
| Gas Utilities Industry Average Movement | 3.1% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2019 | n/a | Sam Pollock | https://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
| BIPC fundamental statistics | |
|---|---|
| Market Cap | US$4.81b |
| Earnings (TTM) | -US$201.00m |
| Revenue (TTM) | US$1.60b |
3.0x
P/S Ratio-23.9x
P/E RatioIs BIPC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BIPC income statement (TTM) | |
|---|---|
| Revenue | US$1.60b |
| Cost of Revenue | US$280.00m |
| Gross Profit | US$1.32b |
| Expenses | US$1.53b |
| Earnings | -US$201.00m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -2.69 |
| Gross Margin | 82.54% |
| Net Profit Margin | -12.53% |
| Debt/Equity Ratio | -322.4% |
How did BIPC perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield-65%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:47 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/09/30 |
| 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.