Brookfield Renewable Partners Non Voting Units T.BEP.PR.R

Stockchase Insights

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BUY ON WEAKNESS

Brookfield Renewable Energy(BEP.UN-T)

18/08/2023

 

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

BEP is now trading at 13.3x times' EV/EBITDA. BEP generates predictable revenue and solid cash flow due to the recurring nature of its renewable power assets. The balance sheet is leveraged with $13.1B in net debt, and the net debt/EBITDA is around 5.1x. We think BEP is trading quite cheap with an attractive yield which is covered quite well by cash flow. High interest rates are headwinds for leveraged companies and capital intensive businesses. However, given the track record of healthy cash flow profile, we would be comfortable averaging into BEP over time.

 

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