Brookfield Infrastructure Partners L.P. logo BIP - Brookfield Infrastructure Partners L.P.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 13
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $47.00 DETAILS
HIGH: $57.00
LOW: $41.00
MEDIAN: $45.00
CONSENSUS: $47.00
UPSIDE: 14.97%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Undervalued Strong
Trading 48.4% below fair value
Current Price $40.88
Bear Case $69.31 69.6% upside ($69.31 - $40.88) / $40.88 = 69.6% $3.75 × 21x P/E
Fair Value $79.22 93.8% upside ($79.22 - $40.88) / $40.88 = 93.8% $3.75 × 24x P/E
Bull Case $89.12 118.0% upside ($89.12 - $40.88) / $40.88 = 118.0% $3.75 × 27x P/E

Adjust Assumptions

24.0x
3.75$

Key Value Driver

Normalized P/E multiple (24x base case)

Implied Market Multiple 10.9x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $47.00 from 17 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $79.22 per share.

Warnings

The company's reported profits differ from official accounting profits by 282%. Check what costs are being left out of the adjusted number.
The company pays out 181% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.
Wall Street's average price target is $47.00 (from 17 analysts). Our estimate is 91% above the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples