公司概述
Brookfield Renewable Corporation (BEPC) owns and operates a diversified portfolio of renewable power and sustainable solution assets, including hydroelectric, wind, utility-scale solar, distributed generation, pumped storage, carbon capture and storage, cogeneration, biomass, and eFuels. The company operates within the Utilities sector, specifically the Utilities - Renewable industry, positioning it as a provider of sustainable energy infrastructure. As of the latest data, the entity maintains a market capitalization of $7.63B, generates $3.73B in annual revenue, and employs 2411 individuals across its operations. These valuation and revenue figures indicate that Brookfield Renewable Corporation holds a significant position in the renewable energy landscape, managing a substantial asset base that generates revenue on a multi-billion dollar scale while supporting a workforce of over two thousand employees.
财务健康
The company reported a revenue of $3.73B for the trailing twelve months, yet recorded a net income of $-2,344,000,000, while generating an EBITDA of $2.12B. The substantial gap between the positive EBITDA and the deeply negative net income reveals a cost structure heavily impacted by interest expenses or other non-operating charges that erode bottom-line profitability despite strong operational cash generation. Brookfield Renewable Corporation generated $1.51B in free cash flow, which provides a critical buffer for financial flexibility, allowing the company to service its obligations and fund operations even in the absence of reported net income. The gross margin stands at 59.9%, indicating high efficiency in converting input costs to revenue, whereas the operating margin of 21.1% suggests moderate control over operating expenses relative to sales. However, the profit margin is -62.9%, signaling that non-operating costs, likely interest on debt, are severely diminishing overall profitability. In terms of liquidity and leverage, the company holds $742.00M in cash against a total debt load of $15.56B, resulting in a debt-to-equity ratio of 168.59, which characterizes a highly leveraged balance sheet. The current ratio of 0.26 indicates that short-term assets are significantly lower than short-term liabilities, suggesting potential liquidity constraints in meeting immediate obligations. Return on Equity is recorded at -22.0% and Return on Assets at 1.2%, metrics that reflect the challenges in generating returns for shareholders and utilizing assets effectively given the current financial structure and debt burden.
估值评估
The trailing P/E ratio is N/A due to the negative earnings, while the forward P/E is listed at -30.32, implying that the market is pricing in future earnings expectations that differ significantly from current periods or that valuation models must rely on alternative metrics. The price-to-book ratio is -35.38, indicating that the market capitalization is valued below the book value of equity, which often occurs in capital-intensive utility firms with high debt loads or significant accumulated losses. Alternative valuation metrics such as the price-to-sales ratio of 2.05 and an EV/EBITDA of 18.28 suggest that the market is valuing the company based on its sales volume and operational earnings power rather than current profitability. The stock has traded between a 52-week high of $45.18 and a 52-week low of $23.73, placing the current trading range within a wide band that reflects significant price volatility and market sentiment shifts. The beta value of 1.23 indicates that the stock is expected to be 23% more volatile than the broader market, suggesting higher risk exposure for investors compared to the average utility stock.
Growth & Income
Revenue growth year-over-year stands at -5.0%, while earnings growth is N/A due to the lack of positive reported earnings in the trailing period. The contraction in revenue combined with negative earnings implies that the company is currently in a deleveraging or restructuring phase rather than a period of top-line expansion or profitability scaling. As a dividend payer, the company offers a dividend yield of 3.7%, but the payout ratio is 108.1%, meaning the dividend exceeds the reported net income, highlighting a reliance on cash flows or reserves to fund the distribution. This payout ratio is not sustainable based on reported net income figures, as the company is paying out more in dividends than it earns in net profit, which poses a long-term risk if cash flows do not improve to match the dividend obligations. The overall growth and income profile presents a mixed picture of significant financial leverage and high debt service costs, coupled with a revenue decline and a dividend yield that exceeds current earnings capabilities.