Brookfield Renewable Partners Stock Return On Asset
| BEP-UN Stock | CAD 35.88 0.69 1.96% |
Brookfield Renewable Partners fundamentals help investors to digest information that contributes to Brookfield Renewable's financial success or failures. It also enables traders to predict the movement of Brookfield Stock. The fundamental analysis module provides a way to measure Brookfield Renewable's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Brookfield Renewable stock.
The current year's Return On Assets is expected to grow to -0.0006. Brookfield | Return On Asset |
Brookfield Renewable Partners Company Return On Asset Analysis
Brookfield Renewable's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Brookfield Renewable Return On Asset | 0.0091 |
Most of Brookfield Renewable's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Brookfield Renewable Partners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Brookfield Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Brookfield Renewable is extremely important. It helps to project a fair market value of Brookfield Stock properly, considering its historical fundamentals such as Return On Asset. Since Brookfield Renewable's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Brookfield Renewable's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Brookfield Renewable's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Brookfield Total Assets
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Based on the latest financial disclosure, Brookfield Renewable Partners has a Return On Asset of 0.0091. This is 99.63% lower than that of the Independent Power and Renewable Electricity Producers sector and significantly higher than that of the Utilities industry. The return on asset for all Canada stocks is 106.5% lower than that of the firm.
Brookfield Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Brookfield Renewable's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Brookfield Renewable could also be used in its relative valuation, which is a method of valuing Brookfield Renewable by comparing valuation metrics of similar companies.Brookfield Renewable is currently under evaluation in return on asset category among its peers.
Brookfield Renewable Current Valuation Drivers
We derive many important indicators used in calculating different scores of Brookfield Renewable from analyzing Brookfield Renewable's financial statements. These drivers represent accounts that assess Brookfield Renewable's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Brookfield Renewable's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 6.7B | 11.9B | 9.8B | 7.5B | 6.8B | 7.1B | |
| Enterprise Value | 24.0B | 29.5B | 31.1B | 37.1B | 33.4B | 35.1B |
Brookfield Renewable ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Brookfield Renewable's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Brookfield Renewable's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Brookfield Fundamentals
| Return On Equity | 0.0024 | ||||
| Return On Asset | 0.0091 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | 0.19 % | ||||
| Current Valuation | 49.6 B | ||||
| Shares Outstanding | 285.11 M | ||||
| Shares Owned By Institutions | 66.23 % | ||||
| Number Of Shares Shorted | 1.07 M | ||||
| Price To Earning | 108.76 X | ||||
| Price To Book | 1.85 X | ||||
| Price To Sales | 4.02 X | ||||
| Revenue | 5.04 B | ||||
| Gross Profit | 3.3 B | ||||
| EBITDA | 3.62 B | ||||
| Net Income | 616 M | ||||
| Cash And Equivalents | 301 M | ||||
| Cash Per Share | 0.97 X | ||||
| Total Debt | 30.47 B | ||||
| Debt To Equity | 0.67 % | ||||
| Current Ratio | 0.65 X | ||||
| Book Value Per Share | 15.59 X | ||||
| Cash Flow From Operations | 1.86 B | ||||
| Short Ratio | 3.24 X | ||||
| Earnings Per Share | (1.13) X | ||||
| Price To Earnings To Growth | 3.52 X | ||||
| Target Price | 26.58 | ||||
| Number Of Employees | 4.77 K | ||||
| Beta | 0.9 | ||||
| Market Capitalization | 23.2 B | ||||
| Total Asset | 76.13 B | ||||
| Working Capital | (3.43 B) | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 5.71 % | ||||
| Net Asset | 76.13 B | ||||
| Last Dividend Paid | 1.41 |
About Brookfield Renewable Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Brookfield Renewable Partners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Brookfield Renewable using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Brookfield Renewable Partners based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Brookfield Renewable
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Brookfield Renewable position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Brookfield Renewable will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Brookfield Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Renewable when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brookfield Renewable - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brookfield Renewable Partners to buy it.
The correlation of Brookfield Renewable is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brookfield Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Renewable moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Brookfield Renewable can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.