Professional
Added to YB: 2024-12-13
Pitch date: 2024-12-12
BIP [bearish]
Brookfield Infrastructure Partners L.P.
-27.03%
current return
Author Info
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Company Info
Brookfield Infrastructure Partners L.P. engages in the utilities, transport, midstream, and data businesses.
Market Cap
$17.5B
Pitch Price
$31.29
Price Target
10.00 (-75%)
Dividend
4.75%
EV/EBITDA
10.63
P/E
57.92
EV/Sales
4.72
Sector
Multi-Utilities
Category
value
BIP: The Quiet Collapse
BIP short: Unsustainable financial model with 5% ROE vs 17% cash expenses. 150% YTD payout, $415M deficit. Key assets underperforming, not upstreaming cash. 3.5x rapidly eroding NAV. Expect unit issuance to plug equity hole. 70% downside if traded at 1x NAV premium.
Read full article (13 min)