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 26,124 31,021 43,002
Change - 14.6% 20.61% 9.21% 4.94% -20.35% 18.75% 38.62%
Announcement Date 04/02/22 03/02/23 02/02/24 31/01/25 30/01/26 - - -
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 3,112 3,859 4,561
Change - 11.34% 28.26% 32.89% 76.45% -52.75% 24.01% 18.18%
Free Cash Flow (FCF) 1 -1,233 -479 -956 -2,459 -5,095 4,257 4,413 -
Change - 61.15% -99.58% -157.22% -107.2% 183.55% 3.66% -100%
Announcement Date 04/02/22 03/02/23 02/02/24 31/01/25 30/01/26 - - -
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% 44.85% 43.96% 42.58%
EBIT Margin (%) 9.16% 8.89% 6.55% 6.77% 4.26% 9.75% 7.91% 9.39%
EBT Margin (%) -1.27% 2.89% 11.27% -3.4% 1.53% -9.94% -9.67% -12.11%
Net margin (%) -8.98% -6.26% -1.98% -7.9% -0.3% -15.06% -9.12% -0.4%
FCF margin (%) -30.1% -10.17% -18.98% -41.85% -79.52% 61.16% 58.28% -
FCF / Net Income (%) 335.05% 162.37% 956% 529.96% 26,815.79% -406.05% -639.26% -

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% -2.96% -7.41% -16.08%

Financial Health

        
Leverage (Debt/EBITDA) 11.04x 11.85x 13.12x 12.98x 12.16x 8.37x 9.32x 11.84x
Debt / Free cash flow -16.79x -49.53x -29.94x -12.71x -6.44x 6.14x 7.03x -

Capital Intensity

        
CAPEX / Current Assets (%) 48.02% 46.49% 55.76% 63.53% 102.81% 44.72% 50.97% 53.49%
CAPEX / EBITDA (%) 104.85% 109.39% 128.74% 155.02% 244.14% 99.71% 115.93% 125.61%
CAPEX / FCF (%) -159.53% -457.2% -293.83% -151.81% -129.28% 73.11% 87.46% -

Items per share

        
Cash flow per share 1 1.376 1.56 5.93 1.92 2.243 2.31 2.5 2.76
Change - 13.36% 280.1% -67.62% 16.85% 2.97% 8.23% 10.4%
Dividend per Share 1 1.22 1.28 1.35 1.42 1.49 1.569 1.637 1.683
Change - 4.92% 5.47% 5.19% 4.93% 5.27% 4.35% 2.82%
Book Value Per Share 1 20.78 23.13 21.69 14.69 15.41 12.15 9.87 7.807
Change - 11.34% -6.23% -32.25% 4.85% -21.14% -18.77% -20.9%
EPS 1 -0.69 -0.6 -0.32 -0.89 -0.25 -1.404 -1.269 -2.177
Change - 13.04% 46.67% -178.13% 71.91% -461.49% 9.57% -71.49%
Nbr of stocks (in thousands) 645,681 645,971 665,422 697,937 683,992 684,176 684,176 684,176
Announcement Date 04/02/22 03/02/23 02/02/24 31/01/25 30/01/26 - - -
1USD
Estimates
2026 *2027 *
P/E -24.5x -27.1x
PBR 2.83x 3.48x
EV / Sales 7.13x 7.2x
Yield 4.56% 4.76%

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
34.37USD
Average target price
32.72USD
Spread / Average Target
-4.81%

Quarterly revenue - Rate of surprise

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  5. Financials Brookfield Renewable Partners L.P.