Brookfield Renewable Corp Stock Price To Earning
| BEPC Stock | CAD 40.67 0.48 1.17% |
Brookfield Renewable Corp 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.
Brookfield | Price To Earning |
Brookfield Renewable Corp Company Price To Earning Analysis
Brookfield Renewable's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Brookfield Price To Earning 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 Price To Earning. 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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Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Brookfield Earnings Yield
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Based on the latest financial disclosure, Brookfield Renewable Corp has a Price To Earning of 0.0 times. This is 100.0% lower than that of the Independent Power and Renewable Electricity Producers sector and about the same as Utilities (which currently averages 0.0) industry. The price to earning for all Canada stocks is 100.0% higher than that of the company.
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) | ||
| Enterprise Value | 20.7B | 22.5B | 19.4B | 19.2B | 21.3B | 14.6B |
Brookfield Fundamentals
| Return On Equity | -0.0635 | ||||
| Return On Asset | 0.0224 | ||||
| Profit Margin | (0.27) % | ||||
| Operating Margin | 0.30 % | ||||
| Current Valuation | 26.52 B | ||||
| Shares Outstanding | 179.64 M | ||||
| Shares Owned By Insiders | 0.03 % | ||||
| Shares Owned By Institutions | 76.33 % | ||||
| Number Of Shares Shorted | 1.31 M | ||||
| Price To Book | 1.05 X | ||||
| Price To Sales | 1.55 X | ||||
| Revenue | 3.97 B | ||||
| Gross Profit | 2.7 B | ||||
| EBITDA | 2.76 B | ||||
| Net Income | 308 M | ||||
| Cash And Equivalents | 650 M | ||||
| Cash Per Share | 1.80 X | ||||
| Total Debt | 16.57 B | ||||
| Debt To Equity | 1.01 % | ||||
| Current Ratio | 0.30 X | ||||
| Book Value Per Share | 13.65 X | ||||
| Cash Flow From Operations | 1.6 B | ||||
| Short Ratio | 4.04 X | ||||
| Earnings Per Share | (10.18) X | ||||
| Price To Earnings To Growth | 1.09 X | ||||
| Target Price | 41.25 | ||||
| Beta | 1.01 | ||||
| Market Capitalization | 7.39 B | ||||
| Total Asset | 49.42 B | ||||
| Working Capital | (5.04 B) | ||||
| Annual Yield | 0.05 % | ||||
| Net Asset | 49.42 B | ||||
| Last Dividend Paid | 1.42 |
About Brookfield Renewable Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Brookfield Renewable Corp'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 Corp 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.Moving against Brookfield Stock
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| 0.46 | GOOG | Alphabet CDR | PairCorr |
| 0.42 | AVGO | Broadcom | PairCorr |
| 0.37 | TSLA | Tesla Inc CDR | PairCorr |
| 0.36 | AMZN | Amazon CDR | PairCorr |
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 Corp 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 Corp 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 Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.