Brookfield Renewable Corporation (BEPC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-236.3%

-$41.08

vs $30.15 price

Levered DCF

-$136.54

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-0.32

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-2.94×	16.97×	-28.5×	3.15×	6.71×	-3.66×	52.89×	119×
P/B	-12.38×	2.99×	0.89×	0.81×	1.73×	8.52×	1.19×	1.14×
P/S	1.85×	0.97×	1.3×	1.26×	1.85×	3.15×	2.04×	2.94×
EV / EBITDA	49.03×	5.02×	7.15×	4.01×	9.59×	11.6×	9.15×	7.9×
Gross margin	59.9%	57.3%	63.0%	68.9%	65.4%	66.7%	41.7%	64.7%
Operating margin	56.9%	24.3%	26.7%	33.0%	60.3%	61.9%	33.5%	14.4%
Net margin	-62.9%	5.7%	-4.6%	39.8%	27.6%	-85.9%	5.1%	2.4%
Current ratio	0.26×	0.28×	0.4×	0.47×	0.26×	0.16×	0.96×	1.1×
Debt / equity	-38.33×	10.51×	2.86×	2.4×	3.79×	11.23×	1.67×	0.72×
Interest coverage	1.27×	0.6×	0.84×	1.21×	2.3×	2.42×	2.05×	0.64×
Dividend yield	0.1%	5.1%	4.7%	2.1%	3.3%	3.1%	9.5%	5.7%
Payout ratio	-0.2%	87.2%	-134.0%	6.8%	22.1%	-11.5%	380.6%	687.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	421.2%	17.6%	-3.1%	25.6%	25.8%	-232.6%	3.0%	0.9%
Return on invested capital	4.6%	2.1%	2.0%	3.1%	5.5%	6.5%	3.1%	1.9%
Return on assets	-3.7%	0.5%	-0.4%	3.5%	2.3%	-6.9%	0.6%	0.3%
Free cash flow yield	-9.2%	-33.3%	11.1%	12.0%	-15.1%	6.2%	10.9%	11.3%
Earnings yield	-34.0%	5.9%	-3.5%	31.7%	14.9%	-27.3%	2.5%	0.8%
Enterprise value	$27.3B	$17.7B	$21.3B	$18.4B	$19.8B	$22.9B	$20.7B	$14.2B
Net debt / EBITDA	36.64×	3.88×	5.41×	2.98×	6.52×	6.52×	5.29×	3.03×
Cash conversion cycle (days)	209	145	161	80	93	-115	13	53