Brookfield Infrastructure Partners L.P.
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
39.0023.3820.4585.9426.1219.7316.106.6310.3239.41-231.8719.73
Price/Sales ratio
2.932.923.483.011.841.941.631.560.980.800.711.94
Price/Book Value ratio
0.890.750.760.790.580.570.670.680.552.31N/A0.57
Price/Cash Flow ratio
8.288.559.777.196.305.985.756.504.533.543.225.98
Price/Free Cash Flow ratio
23.1843.75105.1813.0915.7312.8413.1822.8335.759.0933.9715.73
Price/Earnings Growth ratio
-0.090.430.32-0.82-0.000.210.460.03-0.20-0.42-3.050.21
Dividend Yield
5.09%10.06%8.52%7.45%10.69%6.77%6.51%5.80%8.26%10.47%5.12%6.77%
Profitability Indicator Ratios
Gross Profit Margin
56.02%56.98%49.74%57.31%52.53%48.53%45.49%28.51%27.15%24.87%25.78%48.53%
Operating Profit Margin
30.30%29.54%20.75%31.56%26.56%26.90%26.89%40.92%24.87%22.57%17.7%26.90%
Pretax Profit Margin
16.42%20.86%25.67%21.13%25.15%14.06%13.44%28.88%13.41%11.31%8.86%14.06%
Net Profit Margin
7.53%12.50%17.02%3.50%7.07%9.85%10.17%23.56%9.53%2.04%-0.30%9.85%
Effective Tax Rate
25%-1.03%2.76%23.15%31.11%29.95%24.35%18.42%28.94%28.63%18.85%29.95%
Return on Assets
0.87%1.30%1.69%0.42%0.89%1.15%1.47%3.67%1.88%0.36%-0.05%1.15%
Return On Equity
2.29%3.23%3.73%0.92%2.24%2.93%4.17%10.30%5.38%5.88%-1.38%2.93%
Return on Capital Employed
3.71%3.13%2.22%3.96%3.61%3.48%4.28%7.22%5.55%4.54%3.45%3.48%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/A0.67N/AN/AN/AN/AN/A
Quick Ratio
1.872.780.460.200.250.100.110.110.080.63N/A0.10
Cash ratio
0.230.720.510.280.220.150.150.160.150.15N/A0.15
Days of Sales Outstanding
50.8459.0280.7680.6486.6999.7063.3860.8359.2576.00N/A99.70
Days of Inventory outstanding
9.065.9434.6826.1223.3026.0116.6517.7018.4413.87N/A26.01
Operating Cycle
59.9064.97115.44106.76110.00125.7180.0478.5477.6989.88N/A125.71
Days of Payables Outstanding
113.9089.6491.3359.5076.53104.60110.1183.0765.0161.05N/A104.60
Cash Conversion Cycle
-53.99-24.6724.1147.2633.4721.11-30.06-4.5312.6828.83N/A21.11
Debt Ratios
Debt Ratio
0.410.400.390.340.410.370.380.390.410.450.500.41
Debt Equity Ratio
1.081.010.860.751.030.951.071.101.187.36N/A0.95
Long-term Debt to Capitalization
0.510.490.440.410.490.470.500.490.510.8610.49
Total Debt to Capitalization
0.510.500.460.430.500.480.510.520.540.8810.50
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A1.94N/AN/AN/A1.13N/A
Cash Flow to Debt Ratio
0.100.080.090.140.090.100.100.090.100.080.080.10
Company Equity Multiplier
2.602.472.202.182.492.532.822.802.8516.15N/A2.53
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.350.340.350.410.290.320.280.240.210.220.220.32
Free Cash Flow / Operating Cash Flow Ratio
0.350.190.090.540.400.460.430.280.120.390.090.46
Cash Flow Coverage Ratio
0.100.080.090.140.090.100.100.090.100.080.080.10
Short Term Coverage Ratio
16.652.091.313.191.381.551.500.880.980.67N/A1.55
Dividend Payout Ratio
198.62%235.34%174.44%640.32%279.33%133.69%104.97%38.54%85.38%413.07%-1574.60%133.69%