# Brookfield Infrastructure Partners L.P. (BIP-UN.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Utilities / Multi-Utilities. Price C$51.34, market value C$40.7 billion.

## Valuation
- **P/E (trailing): 59.7×** (5-yr avg 220.9×, 3-yr avg 193.9×). Brookfield Infrastructure Partners L.P. trades at 59.7× trailing earnings, well below its own five-year average of 220.9×: cheap by its own standards. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 25.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.04**. A PEG of 0.04 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.2×**. Each dollar of revenue is priced at 1.2×.
- **Price / book: 3.8×**. The shares trade at 3.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.3×**. Enterprise value is 8.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -2.2%** (5-yr avg 2.9%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 1.7%**. The inverse of the P/E: 1.7% of the price is earned each year.

## Profitability
- **Gross margin: 26.5%**. Brookfield Infrastructure Partners L.P. keeps 26.5% of revenue after the direct cost of what it sells.
- **Operating margin: 24.8%**. 24.8% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 1.9%**. 1.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.0%**. 8.0% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 7.0%**. Return on all capital, debt included, is 7.0%.
- **Return on assets: 0.3%**. Each dollar of assets produces 0.3% of profit.

## Growth
- **Revenue growth (1 yr): 9.8%** (3-yr 17.0%/yr, 5-yr 21.1%/yr). Revenue grew 9.8% over the last year, against 21.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 716.7%** (3-yr 134.1%/yr, 5-yr 33.6%/yr). Earnings per share rose 716.7%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -9.0%/yr**. Free cash flow has compounded at -9.0% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 12.30**. Debt is 12.30 times equity, a leveraged balance sheet, which is normal for utilities.
- **Net debt / EBITDA: 5.7×**. It would take 5.7 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 1.5×**. Operating profit covers interest only 1.5×: fragile.
- **Current ratio: 0.78** (quick 0.75). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 0.62**. A Z-score of 0.62 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 4.91%** (C$2.52 per share, trailing). Brookfield Infrastructure Partners L.P. yields 4.91%, an income-level yield.
- **Payout ratio: 388%**. The dividend exceeds earnings (388% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 5.3%/yr** (1-yr 6.2%). The dividend has grown 5.3% a year over five years.
- **Shareholder yield: 4.8%**. Dividends plus net buybacks return 4.8% of the market value a year.

## Price and momentum
- **Total return (1 yr): 25.2%** (YTD 9.4%, 3-mo -5.1%). The shares are up 25.2% over twelve months including dividends.
- **From 52-week high: -16.7%** (21.9% above the low). Trading 17% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): 0.31** (volatility 20%). Beta of 0.31 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BIP-UN.TO · Page: https://foliofundamentals.com/stocks/bip-un.to

Not investment advice.