Professional
Added to YB: 2025-01-31
Pitch date: 2025-01-29
BIP [bearish]
Brookfield Infrastructure Partners L.P.
-22.1%
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
$17.8B
Pitch Price
$31.20
Price Target
10.00 (-74%)
Dividend
4.70%
EV/EBITDA
10.51
P/E
39.65
EV/Sales
4.75
Sector
Multi-Utilities
Category
value
The Great Deception: Making BIP's $10 NAV $38
BIP short: IFRS NAV $10/unit vs $27-42 estimates. Portfolio can't support higher NAV. Management defends IFRS while guiding to higher metrics. BII co-ownership confirms IFRS=NAV. Sell-side models flawed. 3.2x NAV multiple critical to business model. Transparency needed on individual positions.
Read full article (14 min)