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Brookfield Renewable Partners LP (Brookfield Renewable Partners LP) Cyclically Adjusted FCF per Share : $0.91 (As of Mar. 2024)


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What is Brookfield Renewable Partners LP Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Brookfield Renewable Partners LP's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-1.771. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.91 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Brookfield Renewable Partners LP's average Cyclically Adjusted FCF Growth Rate was -46.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -14.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 19.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Brookfield Renewable Partners LP was 67.10% per year. The lowest was -14.70% per year. And the median was 28.10% per year.

As of today (2024-06-11), Brookfield Renewable Partners LP's current stock price is $27.06. Brookfield Renewable Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.91. Brookfield Renewable Partners LP's Cyclically Adjusted Price-to-FCF of today is 29.74.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Brookfield Renewable Partners LP was 64.34. The lowest was 12.21. And the median was 20.02.


Brookfield Renewable Partners LP Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Brookfield Renewable Partners LP's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Brookfield Renewable Partners LP Cyclically Adjusted FCF per Share Chart

Brookfield Renewable Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.74 2.07 1.93 1.72 1.23

Brookfield Renewable Partners LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.70 1.64 1.44 1.23 0.91

Competitive Comparison of Brookfield Renewable Partners LP's Cyclically Adjusted FCF per Share

For the Utilities - Renewable subindustry, Brookfield Renewable Partners LP's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Brookfield Renewable Partners LP's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Brookfield Renewable Partners LP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Brookfield Renewable Partners LP's Cyclically Adjusted Price-to-FCF falls into.



Brookfield Renewable Partners LP Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Brookfield Renewable Partners LP's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-1.771/131.7762*131.7762
=-1.771

Current CPI (Mar. 2024) = 131.7762.

Brookfield Renewable Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.779 100.560 1.021
201409 0.512 100.428 0.672
201412 -0.019 99.070 -0.025
201503 0.911 99.621 1.205
201506 0.437 100.684 0.572
201509 0.372 100.392 0.488
201512 -0.312 99.792 -0.412
201603 0.777 100.470 1.019
201606 0.212 101.688 0.275
201609 0.268 101.861 0.347
201612 -0.096 101.863 -0.124
201703 0.930 102.862 1.191
201706 0.675 103.349 0.861
201709 0.362 104.136 0.458
201712 0.270 104.011 0.342
201803 0.916 105.290 1.146
201806 0.817 106.317 1.013
201809 0.654 106.507 0.809
201812 1.309 105.998 1.627
201903 1.260 107.251 1.548
201906 1.245 108.070 1.518
201909 1.147 108.329 1.395
201912 -0.227 108.420 -0.276
202003 1.970 108.902 2.384
202006 0.983 108.767 1.191
202009 0.224 109.815 0.269
202012 0.342 109.897 0.410
202103 0.225 111.754 0.265
202106 -0.906 114.631 -1.042
202109 -0.255 115.734 -0.290
202112 -3.093 117.630 -3.465
202203 -0.542 121.301 -0.589
202206 -0.037 125.017 -0.039
202209 -0.673 125.227 -0.708
202212 -0.483 125.222 -0.508
202303 0.315 127.348 0.326
202306 -0.364 128.729 -0.373
202309 -0.823 129.860 -0.835
202312 -2.312 129.419 -2.354
202403 -1.771 131.776 -1.771

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Brookfield Renewable Partners LP  (NYSE:BEP) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Brookfield Renewable Partners LP's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=27.06/0.91
=29.74

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Brookfield Renewable Partners LP was 64.34. The lowest was 12.21. And the median was 20.02.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Brookfield Renewable Partners LP Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Brookfield Renewable Partners LP's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Brookfield Renewable Partners LP (Brookfield Renewable Partners LP) Business Description

Address
73 Front Street, 5th Floor, Hamilton, BMU, HM 12
Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company's portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals over 20 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.