Brookfield Price To Sales Ratio vs Book Value Per Share Analysis

BEP-UN Stock

CAD 36.37 0.76 2.05%

Brookfield Renewable financial indicator trend analysis is way more than just evaluating Brookfield Renewable prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brookfield Renewable is a good investment. Please check the relationship between Brookfield Renewable Price To Sales Ratio and its Book Value Per Share accounts. 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.

Price To Sales Ratio vs Book Value Per Share

Price To Sales Ratio vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brookfield Renewable Price To Sales Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Brookfield Renewable's Price To Sales Ratio and Book Value Per Share is -0.53. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Brookfield Renewable Partners, assuming nothing else is changed. The correlation between historical values of Brookfield Renewable's Price To Sales Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Brookfield Renewable Partners are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Price To Sales Ratio i.e., Brookfield Renewable's Price To Sales Ratio and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.53

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Brookfield Renewable stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Brookfield Renewable sales, a figure that is much harder to manipulate than other Brookfield Renewable Partners multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Brookfield Renewable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brookfield Renewable current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.

At present, Brookfield Renewable's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 15.11, whereas Tax Provision is projected to grow to (45.6 M).

	2021	2022	2023	2024 (projected)
Gross Profit	2.7B	3.3B	3.1B	3.3B
Total Revenue	4.1B	4.7B	5.0B	5.3B

Gross Profit Total Revenue

Brookfield Renewable fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		1.0	0.8	0.93	0.6	1.0	-0.15	1.0	-0.47	0.89	0.86	1.0	0.98	0.9	0.91	0.43	0.88	0.78	0.97	1.0	0.99	0.97	0.9	0.6	0.69	1.0
Short Long Term Debt Total	1.0		0.79	0.93	0.58	0.99	-0.17	1.0	-0.45	0.9	0.88	0.99	0.96	0.92	0.9	0.41	0.87	0.79	0.97	1.0	0.99	0.98	0.9	0.58	0.66	1.0
Other Current Liab	0.8	0.79		0.9	0.64	0.8	-0.57	0.79	-0.24	0.58	0.67	0.8	0.78	0.65	0.67	0.27	0.62	0.65	0.75	0.8	0.82	0.78	0.7	0.63	0.26	0.76
Total Current Liabilities	0.93	0.93	0.9		0.45	0.93	-0.47	0.93	-0.29	0.81	0.82	0.93	0.88	0.88	0.91	0.32	0.87	0.63	0.9	0.94	0.94	0.92	0.94	0.55	0.57	0.92
Total Stockholder Equity	0.6	0.58	0.64	0.45		0.62	0.13	0.58	-0.43	0.38	0.48	0.6	0.68	0.33	0.26	0.35	0.22	0.78	0.55	0.56	0.58	0.56	0.22	0.68	0.16	0.58
Property Plant And Equipment Net	1.0	0.99	0.8	0.93	0.62		-0.14	0.99	-0.48	0.88	0.86	1.0	0.98	0.89	0.9	0.45	0.87	0.78	0.97	1.0	0.99	0.96	0.89	0.62	0.69	0.99
Current Deferred Revenue	-0.15	-0.17	-0.57	-0.47	0.13	-0.14		-0.17	-0.33	-0.1	-0.11	-0.15	-0.07	-0.17	-0.25	0.2	-0.18	0.02	-0.1	-0.19	-0.19	-0.21	-0.35	-0.06	0.16	-0.12
Net Debt	1.0	1.0	0.79	0.93	0.58	0.99	-0.17		-0.45	0.9	0.88	0.99	0.97	0.91	0.9	0.41	0.87	0.79	0.97	1.0	0.99	0.98	0.9	0.58	0.67	1.0
Retained Earnings	-0.47	-0.45	-0.24	-0.29	-0.43	-0.48	-0.33	-0.45		-0.42	-0.43	-0.47	-0.46	-0.38	-0.29	-0.88	-0.54	-0.46	-0.51	-0.44	-0.48	-0.4	-0.28	-0.74	-0.25	-0.47
Accounts Payable	0.89	0.9	0.58	0.81	0.38	0.88	-0.1	0.9	-0.42		0.76	0.89	0.83	0.85	0.9	0.39	0.84	0.62	0.91	0.9	0.85	0.87	0.86	0.4	0.71	0.91
Cash	0.86	0.88	0.67	0.82	0.48	0.86	-0.11	0.88	-0.43	0.76		0.86	0.82	0.95	0.76	0.35	0.77	0.69	0.87	0.87	0.87	0.9	0.82	0.58	0.51	0.86
Non Current Assets Total	1.0	0.99	0.8	0.93	0.6	1.0	-0.15	0.99	-0.47	0.89	0.86		0.98	0.9	0.91	0.44	0.88	0.77	0.97	1.0	0.99	0.96	0.9	0.6	0.7	1.0
Other Assets	0.98	0.96	0.78	0.88	0.68	0.98	-0.07	0.97	-0.46	0.83	0.82	0.98		0.84	0.86	0.42	0.82	0.83	0.93	0.97	0.97	0.95	0.83	0.61	0.71	0.97
Cash And Short Term Investments	0.9	0.92	0.65	0.88	0.33	0.89	-0.17	0.91	-0.38	0.85	0.95	0.9	0.84		0.9	0.34	0.89	0.63	0.9	0.92	0.9	0.92	0.94	0.46	0.67	0.91
Net Receivables	0.91	0.9	0.67	0.91	0.26	0.9	-0.25	0.9	-0.29	0.9	0.76	0.91	0.86	0.9		0.34	0.93	0.52	0.88	0.92	0.89	0.88	0.97	0.36	0.79	0.91
Common Stock Total Equity	0.43	0.41	0.27	0.32	0.35	0.45	0.2	0.41	-0.88	0.39	0.35	0.44	0.42	0.34	0.34		0.54	0.31	0.47	0.41	0.44	0.34	0.31	0.7	0.29	0.42
Common Stock Shares Outstanding	0.88	0.87	0.62	0.87	0.22	0.87	-0.18	0.87	-0.54	0.84	0.77	0.88	0.82	0.89	0.93	0.54		0.49	0.88	0.89	0.89	0.83	0.94	0.53	0.75	0.88
Other Current Assets	0.78	0.79	0.65	0.63	0.78	0.78	0.02	0.79	-0.46	0.62	0.69	0.77	0.83	0.63	0.52	0.31	0.49		0.72	0.76	0.77	0.85	0.51	0.49	0.31	0.78
Other Stockholder Equity	0.97	0.97	0.75	0.9	0.55	0.97	-0.1	0.97	-0.51	0.91	0.87	0.97	0.93	0.9	0.88	0.47	0.88	0.72		0.97	0.96	0.93	0.88	0.59	0.65	0.97
Total Liab	1.0	1.0	0.8	0.94	0.56	1.0	-0.19	1.0	-0.44	0.9	0.87	1.0	0.97	0.92	0.92	0.41	0.89	0.76	0.97		0.99	0.97	0.92	0.58	0.7	1.0
Property Plant And Equipment Gross	0.99	0.99	0.82	0.94	0.58	0.99	-0.19	0.99	-0.48	0.85	0.87	0.99	0.97	0.9	0.89	0.44	0.89	0.77	0.96	0.99		0.96	0.91	0.64	0.68	0.99
Total Current Assets	0.97	0.98	0.78	0.92	0.56	0.96	-0.21	0.98	-0.4	0.87	0.9	0.96	0.95	0.92	0.88	0.34	0.83	0.85	0.93	0.97	0.96		0.88	0.51	0.6	0.97
Short Term Debt	0.9	0.9	0.7	0.94	0.22	0.89	-0.35	0.9	-0.28	0.86	0.82	0.9	0.83	0.94	0.97	0.31	0.94	0.51	0.88	0.92	0.91	0.88		0.4	0.74	0.9
Common Stock	0.6	0.58	0.63	0.55	0.68	0.62	-0.06	0.58	-0.74	0.4	0.58	0.6	0.61	0.46	0.36	0.7	0.53	0.49	0.59	0.58	0.64	0.51	0.4		0.26	0.57
Non Currrent Assets Other	0.69	0.66	0.26	0.57	0.16	0.69	0.16	0.67	-0.25	0.71	0.51	0.7	0.71	0.67	0.79	0.29	0.75	0.31	0.65	0.7	0.68	0.6	0.74	0.26		0.71
Non Current Liabilities Total	1.0	1.0	0.76	0.92	0.58	0.99	-0.12	1.0	-0.47	0.91	0.86	1.0	0.97	0.91	0.91	0.42	0.88	0.78	0.97	1.0	0.99	0.97	0.9	0.57	0.71

Click cells to compare fundamentals

Brookfield Renewable Account Relationship Matchups

Brookfield Renewable fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	46.2B	49.7B	55.9B	64.1B	76.1B	79.9B
Short Long Term Debt Total	17.7B	18.1B	22.0B	27.5B	30.5B	32.0B
Other Current Liab	978M	4.2B	1.2B	3.5B	2.6B	2.7B
Total Current Liabilities	2.4B	6.5B	3.2B	6.1B	8.0B	8.4B
Total Stockholder Equity	20.5B	21.8B	24.0B	26.3B	10.5B	7.4B
Property Plant And Equipment Net	41.1B	44.6B	49.4B	54.3B	64.0B	67.2B
Current Deferred Revenue	734M	(297M)	760M	24M	35M	33.3M
Net Debt	17.3B	17.7B	21.2B	26.5B	29.6B	31.1B
Accounts Payable	291M	127M	208M	276M	388M	407.4M
Cash	352M	431M	764M	998M	890M	934.5M
Non Current Assets Total	44.2B	47.6B	53.0B	59.3B	71.5B	75.1B
Other Assets	769M	810M	1.0B	1.0B	1.2B	1.2B
Cash And Short Term Investments	440M	431M	764M	998M	1.4B	1.4B
Net Receivables	896M	893M	707M	831M	2.1B	2.2B
Common Stock Shares Outstanding	220M	274.8M	274.9M	275.4M	485.6M	509.9M
Liabilities And Stockholders Equity	46.2B	49.7B	55.9B	64.1B	46.1B	48.5B
Other Current Assets	858M	527M	1.2B	2.1B	1.0B	1.1B
Other Stockholder Equity	17.4B	16.5B	19.1B	21.9B	25.2B	26.5B
Total Liab	25.7B	28.0B	31.9B	37.8B	46.1B	48.5B
Property Plant And Equipment Gross	30.7B	44.6B	49.4B	54.3B	64.0B	67.2B
Total Current Assets	2.0B	2.1B	2.9B	4.7B	4.6B	4.8B
Accumulated Other Comprehensive Income	5.7B	4.8B	6.2B	6.6B	6.7B	7.0B
Short Term Debt	1.2B	2.2B	1.8B	2.3B	5.0B	5.2B
Common Stock	2.3B	4.2B	4.0B	3.6B	3.1B	2.8B
Non Currrent Assets Other	603M	196M	1.1B	(176M)	1.2B	1.3B
Non Current Liabilities Total	23.3B	21.5B	28.6B	31.7B	38.1B	40.0B
Intangible Assets	241M	232M	218M	209M	15M	14.3M
Inventory	43M	26M	31M	42M	111M	116.6M
Other Liab	6.7B	7.7B	8.5B	9.8B	11.2B	6.2B
Net Tangible Assets	6.8B	7.8B	9.0B	8.5B	9.7B	7.1B
Long Term Debt	10.3B	15.9B	19.4B	25.2B	24.8B	14.5B
Short Term Investments	60M	88M	62M	125M	199M	209.0M
Long Term Investments	1.9B	971M	1.1B	1.4B	4.3B	4.5B
Short Long Term Debt	685M	2.1B	2.1B	2.3B	4.9B	5.2B
Property Plant Equipment	41.1B	44.6B	49.4B	54.3B	62.4B	37.2B
Good Will	949M	970M	966M	3.7B	1.9B	1.5B
Non Current Liabilities Other	39M	62M	130M	1.8B	2.6B	2.8B

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.

Pair Correlation Correlation Matching

When determining whether Brookfield Renewable is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Brookfield Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Brookfield Renewable Partners Stock. Highlighted below are key reports to facilitate an investment decision about Brookfield Renewable Partners Stock:

How To Invest In Brookfield

Details

Is Brookfield Stock a good investment?

Details

What is Brookfield Renewable's Net Worth?

Details

Largest Utilities Companies

View

Top Sectors

View

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 Transaction History module to view history of all your transactions and understand their impact on performance.

Please note, there is a significant difference between Brookfield Renewable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brookfield Renewable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brookfield Renewable's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Brookfield Price To Sales Ratio vs Book Value Per Share Analysis

Price To Sales Ratio vs Book Value Per Share

Price To Sales Ratio vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Book Value Per Share

Brookfield Renewable fundamental ratios Correlations

Brookfield Renewable Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Brookfield Renewable fundamental ratios Accounts

Pair Trading with Brookfield Renewable

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets

Common Stock Total Equity	- 0.88	Retained Earnings
Common Stock	- 0.74	Retained Earnings
Current Deferred Revenue	- 0.57	Other Current Liab
Common Stock Shares Outstanding	- 0.54	Retained Earnings
Other Stockholder Equity	- 0.51	Retained Earnings
Property Plant And Equipment Gross	- 0.48	Retained Earnings