Brookfield BRP Holdings (Canada) Inc 4.625 % Notes 2021-Without Fixed Maturity Global Sub (BEPH) 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

-859.2%

-$224.96

vs $29.63 price

Levered DCF

-$683.26

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.11

Distress zone

Rating

—

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	-400.15×	-25.61×	-82.13×	-42.23×	-51.87×	-70.74×	-62.15×	125.55×
P/B	1.68×	0.67×	0.7×	0.64×	0.89×	2.43×	1.01×	0.58×
P/S	1.19×	1.11×	1.47×	1.48×	2.4×	3.1×	1.38×	0.8×
EV / EBITDA	8.12×	10.34×	9.19×	10.77×	12.73×	12.87×	6.82×	5.68×
Gross margin	16.8%	56.1%	61.6%	69.6%	66.7%	66.6%	68.2%	66.5%
Operating margin	13.4%	18.4%	20.6%	30.4%	21.2%	60.5%	27.0%	18.6%
Net margin	-0.3%	-3.7%	-1.0%	-2.6%	-3.3%	-6.5%	-1.1%	1.6%
Current ratio	0.57×	0.61×	0.57×	0.85×	0.9×	0.61×	0.88×	1.16×
Debt / equity	7.78×	3.68×	2.94×	2.35×	1.98×	3.8×	2.06×	2.06×
Interest coverage	0.35×	0.54×	0.64×	1.17×	0.89×	2.37×	1.07×	0.73×
Dividend yield	15.0%	15.5%	13.6%	12.6%	8.6%	7.3%	13.6%	21.3%
Payout ratio	-6000.0%	-463.3%	-2016.3%	-720.3%	-622.4%	-345.7%	-1690.7%	1057.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-0.4%	-2.2%	-0.5%	-1.1%	-1.2%	-5.1%	-0.8%	1.2%
Return on invested capital	1.0%	0.1%	1.4%	2.3%	1.6%	-2.1%	2.0%	2.2%
Return on assets	-0.0%	-0.2%	-0.1%	-0.2%	-0.2%	-0.5%	-0.1%	0.2%
Free cash flow yield	-67.0%	-36.0%	-13.0%	-6.6%	-12.4%	7.5%	19.0%	27.2%
Earnings yield	-0.2%	-3.4%	-0.7%	-1.7%	-1.4%	-2.1%	-0.8%	2.0%
Enterprise value	$41.2B	$39.3B	$37.2B	$31.7B	$30.9B	$29.7B	$16.3B	$13.4B
Net debt / EBITDA	6.6×	8.63×	7.36×	8.4×	8.68×	7.74×	4.54×	4.4×
Cash conversion cycle (days)	104	0	100	5	16	56	28	32