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Brookfield Infrastructure Partners LP (Brookfield Infrastructure Partners LP) Cyclically Adjusted Price-to-FCF : 15.78 (As of Apr. 30, 2024)


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What is Brookfield Infrastructure Partners LP Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Brookfield Infrastructure Partners LP's current share price is $26.6628. Brookfield Infrastructure Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.69. Brookfield Infrastructure Partners LP's Cyclically Adjusted Price-to-FCF for today is 15.78.

The historical rank and industry rank for Brookfield Infrastructure Partners LP's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BIP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.39   Med: 31.67   Max: 79.25
Current: 16.52

During the past years, Brookfield Infrastructure Partners LP's highest Cyclically Adjusted Price-to-FCF was 79.25. The lowest was 14.39. And the median was 31.67.

BIP's Cyclically Adjusted Price-to-FCF is ranked better than
52.14% of 234 companies
in the Utilities - Regulated industry
Industry Median: 17.135 vs BIP: 16.52

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Brookfield Infrastructure Partners LP's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.505. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.69 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brookfield Infrastructure Partners LP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Brookfield Infrastructure Partners LP's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Brookfield Infrastructure Partners LP Cyclically Adjusted Price-to-FCF Chart

Brookfield Infrastructure Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.58 29.89 32.17 23.02 18.66

Brookfield Infrastructure Partners LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.02 24.80 25.07 19.31 18.66

Competitive Comparison of Brookfield Infrastructure Partners LP's Cyclically Adjusted Price-to-FCF

For the Utilities - Diversified subindustry, Brookfield Infrastructure Partners LP's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Brookfield Infrastructure Partners LP's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Brookfield Infrastructure Partners LP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Brookfield Infrastructure Partners LP's Cyclically Adjusted Price-to-FCF falls into.



Brookfield Infrastructure Partners LP Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Brookfield Infrastructure Partners LP's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=26.6628/1.69
=15.78

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Brookfield Infrastructure Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Brookfield Infrastructure Partners LP's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.505/129.4194*129.4194
=1.505

Current CPI (Dec. 2023) = 129.4194.

Brookfield Infrastructure Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.092 99.695 0.119
201406 0.118 100.560 0.152
201409 0.349 100.428 0.450
201412 0.142 99.070 0.186
201503 0.423 99.621 0.550
201506 -0.017 100.684 -0.022
201509 0.057 100.392 0.073
201512 -0.126 99.792 -0.163
201603 -0.003 100.470 -0.004
201606 0.077 101.688 0.098
201609 0.466 101.861 0.592
201612 -0.359 101.863 -0.456
201703 0.008 102.862 0.010
201706 0.624 103.349 0.781
201709 0.536 104.136 0.666
201712 0.747 104.011 0.929
201803 0.694 105.290 0.853
201806 0.007 106.317 0.009
201809 0.320 106.507 0.389
201812 0.238 105.998 0.291
201903 0.760 107.251 0.917
201906 0.710 108.070 0.850
201909 0.637 108.329 0.761
201912 0.154 108.420 0.184
202003 0.761 108.902 0.904
202006 0.769 108.767 0.915
202009 0.989 109.815 1.166
202012 -0.124 109.897 -0.146
202103 0.889 111.754 1.030
202106 0.338 114.631 0.382
202109 0.742 115.734 0.830
202112 -0.373 117.630 -0.410
202203 0.297 121.301 0.317
202206 -0.002 125.017 -0.002
202209 -0.203 125.227 -0.210
202212 0.685 125.222 0.708
202303 0.041 127.348 0.042
202306 0.868 128.729 0.873
202309 1.044 129.860 1.040
202312 1.505 129.419 1.505

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Brookfield Infrastructure Partners LP  (NYSE:BIP) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Brookfield Infrastructure Partners LP Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Brookfield Infrastructure Partners LP's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Brookfield Infrastructure Partners LP (Brookfield Infrastructure Partners LP) Business Description

Address
73 Front Street, 5th Floor, Hamilton, BMU, HM12
Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company's segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Canada and also has a presence in Australia, Colombia, United Kingdom, Brazil, United States of America, Chile, Peru and other countries.