Brookfield Infrastructure Corpo (BIPH) 10-Year Financial Performance & Capital Metrics

BIPH • • Banking & Credit

Financial ServicesFinancial ConglomeratesSpecialized Lending & InvestmentDirect Lending Platforms

AboutBrookfield Infrastructure Finance Ulc operates as investment company. The company is headquartered in Toronto, Canada.Show more

Net Interest Income -$3.39B -35.4%
Total Revenue $21.04B +17.3%
Net Income $57M -54.4%
Return on Equity 0.18% -57.5%
Net Interest Margin -3.24% -30.5%
Efficiency Ratio 1.92% -16.4%
ROA 0.06% -61.4%
Equity / Assets 28.54% -15.4%
Book Value per Share 64.67 -12.7%
Tangible BV/Share 2.67 -66.7%
Debt/Equity 1.71 +16.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 24.6%
✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 1.9% efficiency ratio
✓Well capitalized: 28.5% equity/assets
✓Diversified revenue: 100.0% from non-interest income
✓Trading at only 0.3x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.3%
✗Weak NIM of -3.2%
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y27.02%

5Y26.11%

3Y22.17%

TTM-

Profit (Net Income) CAGR

10Y-5.56%

5Y24.57%

3Y-54.7%

TTM261.7%

EPS CAGR

10Y-8.76%

5Y22%

3Y-55.7%

TTM169.1%

ROCE

10Y Avg4.34%

5Y Avg4.87%

3Y Avg5.26%

Latest5.15%

Peer Comparison

Direct Lending Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BIPHBrookfield Infrastructure Corpo		16.72	139.37	17.33%	0.27%	0.26%		1.71
MSDLMorgan Stanley Direct Lending Fund	1.46B	16.86	6.94	1.34%	64.83%	8.18%	13.76%	1.07

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	0	0	0	904M	-1.18B	-1.47B	-1.85B	-2.5B	-3.39B
NII Growth %	-	-	-	-	-	-2.3%	-0.25%	-0.26%	-0.35%	-0.35%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	367M	392M	428M	555M	904M	1.18B	1.47B	1.85B	2.5B	0
Interest Expense	0	0	0	0	0	0	0	0	0	3.39B
Loan Loss Provision	798M	1.06B	1.51B	2.21B	4.61B	6.55B	8.25B	10.51B	13.47B	12.29B
Non-Interest Income+	1.49B	1.72B	3.11B	4.1B	5.69B	7.71B	10.07B	12.57B	15.43B	21.04B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	1.85B	2.12B	3.54B	4.65B	6.6B	8.88B	11.54B	14.43B	17.93B	21.04B
Revenue Growth %	-0.04%	0.14%	0.67%	0.32%	0.42%	0.35%	0.3%	0.25%	0.24%	0.17%
Non-Interest Expense	303M	117M	851M	719M	156M	312M	406M	433M	413M	405M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	548M	439M	1.12B	1.42B	1.71B	2.02B	2.88B	3.48B	4.05B	4.96B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.06%	-0.2%	1.54%	0.27%	0.2%	0.18%	0.42%	0.21%	0.16%	0.22%
Pretax Income+	387M	543M	747M	1.17B	928M	1.2B	3.33B	1.94B	2.03B	1.95B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-4M	15M	173M	364M	278M	291M	614M	560M	581M	270M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	166M	276M	-11M	163M	19M	121M	613M	87M	125M	57M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.64%	0.66%	-1.04%	15.82%	-0.88%	5.37%	4.07%	-0.86%	0.44%	-0.54%
Net Income (Continuing)	391M	528M	574M	806M	650M	904M	2.72B	1.38B	1.45B	1.68B
EPS (Diluted)+	0.46	0.75	-0.03	0.39	0.04	0.27	1.38	0.19	0.19	0.12
EPS Growth %	0.53%	0.63%	-1.04%	15.08%	-0.89%	5.08%	4.11%	-0.86%	0%	-0.37%
EPS (Basic)	0.46	0.75	-0.03	0.39	0.04	0.27	1.38	0.19	0.19	0.12
Diluted Shares Outstanding	358.35M	367.05M	396.9M	415.35M	428.4M	442.1M	445.1M	458.1M	459.4M	461.6M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	199M	786M	374M	540M	827M	867M	1.41B	1.28B	1.86B	2.07B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Investments+	4.88B	5.41B	6B	5.54B	5.78B	6.47B	5.73B	7.11B	6.74B	5.93B
Investments Growth %	0.56%	0.11%	0.11%	-0.08%	0.04%	0.12%	-0.11%	0.24%	-0.05%	-0.12%
Long-Term Investments	4.53B	5.38B	5.87B	5.3B	5.62B	5.9B	5.17B	5.98B	5.93B	5.93B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	79M	502M	1.3B	3.86B	6.55B	6.63B	8.98B	8.79B	14.49B	14.1B
Intangible Assets	3.3B	4.46B	9.89B	11.63B	14.39B	11.77B	14.21B	11.82B	15.85B	14.52B
PP&E (Net)	7.63B	8.66B	9.94B	12.81B	23.01B	31.58B	38.66B	37.29B	48.55B	55.91B
Other Assets	648M	643M	967M	699M	899M	1.74B	2.04B	2.4B	7.99B	10.1B
Total Current Assets	1.55B	1.63B	1.51B	2.28B	5.84B	3.71B	4.9B	6.69B	7.98B	4.03B
Total Non-Current Assets	16.18B	19.64B	27.96B	34.3B	50.47B	57.62B	69.06B	66.28B	92.81B	100.56B
Total Assets+	17.73B	21.27B	29.48B	36.58B	56.31B	61.33B	73.96B	72.97B	100.78B	104.59B
Asset Growth %	0.08%	0.2%	0.39%	0.24%	0.54%	0.09%	0.21%	-0.01%	0.38%	0.04%
Return on Assets (ROA)	0.01%	0.01%	-0%	0%	0%	0%	0.01%	0%	0%	0%
Accounts Payable	196M	266M	246M	463M	973M	1.46B	1.88B	1.87B	2.25B	2.15B
Total Debt+	7.42B	8.38B	10.19B	15.23B	22.86B	27.68B	33.35B	33.94B	49.95B	51.09B
Net Debt	7.22B	7.59B	9.82B	14.69B	22.03B	26.6B	31.53B	32.28B	48.09B	49.02B
Long-Term Debt	7.12B	7.81B	9.73B	14.24B	19.87B	22.07B	26.33B	27.27B	40.18B	51.09B
Short-Term Debt	302M	574M	463M	985M	1.38B	1.8B	3.19B	3.25B	6.14B	0
Other Liabilities	2.23B	2.31B	4.71B	5.25B	7.22B	8.46B	9.16B	8.73B	11.69B	22.43B
Total Current Liabilities	1.21B	1.51B	1.56B	2.42B	5.44B	5.52B	8.66B	8.38B	11.71B	1.21B
Total Non-Current Liabilities	9.35B	10.12B	14.44B	19.5B	28.69B	34.13B	38.91B	39.04B	55.06B	73.53B
Total Liabilities	10.56B	11.63B	16B	21.91B	34.13B	39.66B	47.57B	47.41B	66.77B	74.74B
Total Equity+	7.18B	9.64B	13.47B	14.67B	22.18B	21.67B	26.39B	25.55B	34.02B	29.85B
Equity Growth %	0.14%	0.34%	0.4%	0.09%	0.51%	-0.02%	0.22%	-0.03%	0.33%	-0.12%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.02%	0.03%	-0%	0.01%	0%	0.01%	0.03%	0%	0%	0%
Book Value per Share	20.03	26.27	33.95	35.31	51.77	49.02	59.29	55.78	74.04	64.67
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	3.72B	4.21B	4.91B	4.91B	5.5B	5.53B	6.07B	6.09B	6.2B	4.7B
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-559M	-483M	-953M	-856M	-1.43B	-2.29B	-2.13B	-2.66B	-3.25B	-3.98B
Accumulated OCI	681M	879M	1.01B	458M	983M	992M	1.75B	1.94B	2.37B	2.48B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	189M	375M	595M	936M	935M	1.13B	1.14B	918M	918M	918M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	632M	753M	1.48B	1.36B	2.14B	2.53B	2.77B	3.13B	4.08B	4.65B
Operating CF Growth %	-0.09%	0.19%	0.97%	-0.08%	0.57%	0.18%	0.1%	0.13%	0.3%	0.14%
Net Income	169M	285M	11M	192M	52M	156M	654M	125M	125M	57M
Depreciation & Amortization	375M	447M	671M	801M	1.21B	1.71B	2.04B	2.16B	2.74B	3.64B
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	60M	-13M	826M	188M	955M	800M	283M	1.41B	1.81B	1.18B
Working Capital Changes	28M	34M	-27M	181M	-78M	-131M	-201M	-562M	-595M	-226M
Cash from Investing+	-2.35B	-1.06B	-5.72B	-5.56B	-11.37B	-4.61B	-1.17B	-3.37B	-12.99B	-6.9B
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale/Maturity of Investments	0	0	0	0	0	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-54M	-520M	-4.22B	-5.83B	-10.27B	-3.4B	-2.92B	-479M	-10.75B	0
Other Investing	-1.77B	152M	-784M	1.1B	81M	268M	3.82B	-111M	244M	-89M
Cash from Financing+	1.76B	899M	3.81B	4.42B	9.54B	2.13B	-995M	56M	9.42B	2.61B
Dividends Paid	-342M	-386M	-481M	-549M	-608M	-623M	-649M	-698M	-739M	-1.64B
Share Repurchases	-67M	-6M	0	-30M	-28M	0	0	0	-13M	0
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Financing	1.22B	1.28B	2.92B	1.04B	6.31B	1.24B	-1.2B	-2.6B	5.33B	-3.17B
Net Change in Cash+	10M	587M	-412M	166M	287M	40M	539M	-127M	578M	214M
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K
Cash at Beginning	189M	199M	786M	374M	540M	827M	867M	1.41B	1.28B	1.86B
Cash at End	199M	786M	374M	540M	827M	867M	1.41B	1.28B	1.86B	2.07B
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	112M	63M	767M	523M	961M	1.06B	705M	356M	1.59B	-2.16B
FCF Growth %	-0.53%	-0.44%	11.17%	-0.32%	0.84%	0.1%	-0.33%	-0.5%	3.47%	-2.36%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.46%	3.28%	-0.1%	1.16%	0.1%	0.55%	2.55%	0.34%	0.42%	0.18%
Return on Assets (ROA)	0.97%	1.42%	-0.04%	0.49%	0.04%	0.21%	0.91%	0.12%	0.14%	0.06%
Net Interest Margin	0%	0%	0%	0%	1.61%	-1.92%	-1.98%	-2.54%	-2.48%	-3.24%
Efficiency Ratio	16.33%	5.53%	24.07%	15.46%	2.36%	3.51%	3.52%	3%	2.3%	1.92%
Equity / Assets	40.46%	45.33%	45.71%	40.1%	39.39%	35.34%	35.68%	35.02%	33.75%	28.54%
Book Value / Share	20.03	26.27	33.95	35.31	51.77	49.02	59.29	55.78	74.04	64.67
NII Growth	-	-	-	-	-	-230.42%	-24.51%	-26.36%	-34.82%	-35.43%
Dividend Payout	206.02%	139.86%	-	336.81%	3200%	514.88%	105.87%	802.3%	591.2%	2884.21%

Revenue by Segment

	2020	2021	2022	2023	2024
Leasing	-	-	-	385M	1.57B
Leasing Growth	-	-	-	-	307.27%
Distribution	346M	374M	372M	397M	512M
Distribution Growth	-	8.09%	-0.53%	6.72%	28.97%
Connections	118M	167M	171M	200M	192M
Connections Growth	-	41.53%	2.40%	16.96%	-4.00%
Service Line, Other	24M	28M	29M	38M	37M
Service Line, Other Growth	-	16.67%	3.57%	31.03%	-2.63%
Gas Transmission	942M	1.07B	1.31B	1.48B	-
Gas Transmission Growth	-	14.01%	22.35%	12.86%	-

Revenue by Geography

	2020	2021	2022	2023	2024
BRAZIL	942M	1.07B	1.31B	1.48B	1.36B
BRAZIL Growth	-	14.01%	22.35%	12.86%	-8.36%
UNITED KINGDOM	488M	569M	572M	635M	746M
UNITED KINGDOM Growth	-	16.60%	0.53%	11.01%	17.48%
SINGAPORE	-	-	-	-	318M
SINGAPORE Growth	-	-	-	-	-
SWITZERLAND	-	-	-	-	311M
SWITZERLAND Growth	-	-	-	-	-
FRANCE	-	-	-	-	307M
FRANCE Growth	-	-	-	-	-
DENMARK	-	-	-	-	179M
DENMARK Growth	-	-	-	-	-
Geographical Area, Other	-	-	-	-	147M
Geographical Area, Other Growth	-	-	-	-	-
CHINA	-	-	-	-	124M
CHINA Growth	-	-	-	-	-
HONG KONG	-	-	-	-	88M
HONG KONG Growth	-	-	-	-	-
GERMANY	-	-	-	-	46M
GERMANY Growth	-	-	-	-	-
UNITED STATES	-	-	-	385M	41M
UNITED STATES Growth	-	-	-	-	-89.35%

Frequently Asked Questions

Valuation & Price

Brookfield Infrastructure Corpo (BIPH) has a price-to-earnings (P/E) ratio of 139.4x. This suggests investors expect higher future growth.

Growth & Financials

Brookfield Infrastructure Corpo (BIPH) grew revenue by 17.3% over the past year. This is strong growth.

Yes, Brookfield Infrastructure Corpo (BIPH) is profitable, generating $76.0M in net income for fiscal year 2024 (0.3% net margin).

Dividend & Returns

Yes, Brookfield Infrastructure Corpo (BIPH) pays a dividend with a yield of 21.30%. This makes it attractive for income-focused investors.

Brookfield Infrastructure Corpo (BIPH) has a return on equity (ROE) of 0.2%. This is below average, suggesting room for improvement.

Industry Metrics

Brookfield Infrastructure Corpo (BIPH) has a net interest margin (NIM) of -3.2%. NIM has been under pressure due to interest rate environment.

Brookfield Infrastructure Corpo (BIPH) has an efficiency ratio of 1.9%. This is excellent, indicating strong cost control.

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