Discounted Cash Flow

Brookfield Infrastructure Partners L.P. LP Foreign

BIP · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $2.1b $543.0m $747.0m 25.7% $1.13
2017 $3.5b (67.1%) $747.0m (37.6%) $1.5b (98.3%) 21.1% (-17.7%) $-0.04 (-103.5%)
2018 $4.7b (31.6%) $1.2b (56.6%) $1.3b (-10.1%) 25.2% (19.0%) $0.59 (1575.0%)
2019 $6.6b (41.8%) $928.0m (-20.7%) $2.1b (60.9%) 14.1% (-44.1%) $0.07 (-88.1%)
2020 $8.9b (34.7%) $1.2b (28.8%) $2.5b (18.1%) 13.4% (-4.4%) $0.35 (400.0%)
2021 $11.5b (29.8%) $3.3b (178.9%) $2.8b (9.6%) 28.9% (114.8%) $1.74 (397.1%)
2022 $14.4b (25.0%) $1.9b (-41.9%) $356.0m (-87.2%) 13.4% (-53.6%) $0.14 (-92.0%)
2023 $17.9b (24.3%) $2.0b (4.9%) $1.6b (346.9%) 11.3% (-15.6%) $0.14 (0.0%)
2024 $21.0b (17.3%) $2.0b (-3.7%) $-322.0m (-120.2%) 9.3% (-18.0%) $0.04 (-71.4%)
2025 $23.1b (9.8%) $3.1b (59.8%) $-53.0m (83.5%) 13.5% (45.5%) $0.90 (2150.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model