Projected Income Statement: Brookfield Renewable Partners L.P.

Forecast Balance Sheet: Brookfield Renewable Partners L.P.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 20,705 23,727 28,618 31,255 32,799 30,068 33,285 46,580
Change - 14.6% 20.61% 9.21% 4.94% -8.33% 10.7% 39.94%
Announcement Date 2/4/22 A 2/3/23 A 2/2/24 A 1/31/25 A 1/30/26 A - - -
1USD in Million
Estimates

Cash Flow Forecast: Brookfield Renewable Partners L.P.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,967 2,190 2,809 3,733 6,587 3,433 2,915 4,444
Change - 11.34% 28.26% 32.89% 76.45% -47.88% -15.09% 52.44%
Free Cash Flow (FCF) 1 -1,233 -479 -956 -2,459 -5,095 4,257 4,413 117
Change - 61.15% -99.58% -157.22% -107.2% 183.55% 3.66% -97.35%
Announcement Date 2/4/22 A 2/3/23 A 2/2/24 A 1/31/25 A 1/30/26 A - - -
1USD in Million
Estimates

Forecast Financial Ratios: Brookfield Renewable Partners L.P.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 45.8% 42.5% 43.31% 40.98% 42.11% 46.94% 45.59% 43.1%
EBIT Margin (%) 9.16% 8.89% 6.55% 6.77% 4.26% 10.28% 8.19% 9.51%
EBT Margin (%) -1.27% 2.89% 11.27% -3.4% 1.53% -10.53% -10.09% -12.45%
Net margin (%) -8.98% -6.26% -1.98% -7.9% -0.3% -13.29% -12.42% -10.13%
FCF margin (%) -30.1% -10.17% -18.98% -41.85% -79.52% 64.46% 60.35% 1.39%
FCF / Net Income (%) 335.05% 162.37% 956% 529.96% 26,815.79% -484.89% -485.78% -13.72%

Profitability

        
ROA -0.7% -0.49% -0.14% -0.54% -0.02% -0.48% -0.59% 0.3%
ROE -3.48% -2.68% -0.93% -4.58% -0.19% -4.27% -6.78% -13.66%

Financial Health

        
Leverage (Debt/EBITDA) 11.04x 11.85x 13.12x 12.98x 12.16x 9.7x 9.98x 12.83x
Debt / Free cash flow -16.79x -49.53x -29.94x -12.71x -6.44x 7.06x 7.54x 398.12x

Capital Intensity

        
CAPEX / Current Assets (%) 48.02% 46.49% 55.76% 63.53% 102.81% 51.99% 39.87% 52.78%
CAPEX / EBITDA (%) 104.85% 109.39% 128.74% 155.02% 244.14% 110.76% 87.45% 122.44%
CAPEX / FCF (%) -159.53% -457.2% -293.83% -151.81% -129.28% 80.65% 66.06% 3,798.28%

Items per share

        
Cash flow per share 1 1.376 1.56 5.93 1.92 2.243 2.175 2.335 2.57
Change - 13.36% 280.1% -67.62% 16.85% -3.04% 7.36% 10.06%
Dividend per Share 1 1.22 1.28 1.35 1.42 1.49 1.569 1.641 1.702
Change - 4.92% 5.47% 5.19% 4.93% 5.28% 4.63% 3.68%
Book Value Per Share 1 20.78 23.13 21.69 14.69 15.41 12.71 10.69 8.756
Change - 11.34% -6.23% -32.25% 4.85% -17.49% -15.9% -18.1%
EPS 1 -0.69 -0.6 -0.32 -0.89 -0.25 -1.494 -1.52 -1.708
Change - 13.04% 46.67% -178.13% 71.91% -497.52% -1.75% -12.39%
Nbr of stocks (in thousands) 645,681 645,971 665,422 697,937 683,992 684,176 684,176 684,176
Announcement Date 2/4/22 A 2/3/23 A 2/2/24 A 1/31/25 A 1/30/26 A - - -
1USD
Estimates
2026 *2027 *
P/E -19x -18.6x
PBR 2.23x 2.65x
EV / Sales 7.49x 7.2x
Yield 5.53% 5.79%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
28.34USD
Average target price
32.51USD
Spread / Average Target
+14.71%

Quarterly revenue - Rate of surprise

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  5. Financials Brookfield Renewable Partners L.P.