NextEra Energy Partners, LP Financial Ratios — NEP Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Return on Common Equity (%)	- -	36.17	9.52	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	0.81	0.09	0.17	1.04	-0.71	2.15	-0.66	-0.4	0.87	2.27	0.88
Return on Capital (%)	- -	3.32	- -	0.07	-1.92	-3.54	6.55	- -	- -	-1.35	3.73	- -
Return on Invested Capital (%)	- -	2.23	- -	3.6	4.58	1.99	3.65	- -	- -	0.44	0.04	- -
Gross Margin (%)	81.72	74.3	77.99	77.45	72.15	69.27	66.67	60.7	60.41	48.2	45.61	51.76
EBITDA Margin (%)	77.42	70.39	76.6	74.25	69.56	66.67	63.94	65.96	68.59	65.65	59.96	56.31
Operating Margin (%)	52.69	40.22	49.03	41.72	39.12	38.66	37.61	27.25	27.81	9.56	0.83	-2.6
Incremental Operating Margin (%)	- -	26.74	57.78	23.24	34.32	28.57	61.11	-67.86	35.48	95.38	-24.7	- -
Pretax Margin (%)	7.53	15.64	23.12	27.94	56.99	34.82	35.41	-50.29	-28.03	41.97	116.62	-23.84
Profit Margin (%)	17.2	11.17	0.84	2	10.75	-7.56	24.9	-8.3	-5.45	18.98	49.23	18.55
Net Income to Common Margin (%)	17.2	11.17	0.84	2	10.75	-7.93	21.66	-10.29	-6	18.98	49.23	18.55
Effective Tax Rate (%)	- -	28.57	- -	23.57	12.95	59.43	2.2	- -	- -	12.21	14.25	- -
Dvd Payout Ratio (%)	875	720	599.39	550	99.85	106.29	87.7	-48.54	-103.02	111.93	39.43	-346.26
Sustainable Growth Rate (%)	- -	-224.26	-47.56	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Total Debt	1,403	1,799	1,893	3,447	3,586	4,317	3,435	4,144	3,388	5,327	5,288	6,289
ST Debt	22	370	86	113	78	99	707	12	12	33	38	1,348
LT Debt	1,381	1,429	1,807	3,334	3,508	4,218	2,728	4,132	3,376	5,294	5,250	4,941
Total Debt/EBITDA	19.49	14.28	6.88	9.27	6.68	8.02	6.97	7.35	5.39	11.24	9.1	10.36
Net Debt/EBITDA	19.19	14.06	6.5	8.83	6.4	7.74	6.67	7.12	5.21	10.93	8.71	9.91
Total Debt/EBIT	28.63	24.99	10.76	16.49	11.87	13.84	11.84	17.79	13.29	77.2	661	-224.61
Net Debt/EBIT	28.2	24.61	10.15	15.71	11.38	13.34	11.34	17.24	12.86	75.07	632.75	-214.82
EBITDA to Interest Expense	1.67	2.57	2.75	3.18	3.53	2.7	1.99	0.8	1.01	- -	0.68	1.54
EBITDA-CapEx/Interest Expense	1.67	2.57	2.75	3.18	3.53	2.7	1.99	0.8	1.01	- -	0.68	1.54
EBIT to Interest Expense	1.14	1.47	1.76	1.79	1.99	1.57	1.17	0.33	0.41	- -	0.01	-0.07
Interest Expense	43	49	100	117	152	199	248	702	620	- -	853	394
Common Equity/Total Assets	2.05	2.39	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Equity (%)	196.84	200.42	110.66	176.22	136.71	189.66	49.26	58.48	43.8	47.44	35.54	35.15
Long-Term Debt/Capital (%)	95.18	76.75	60.68	75.6	79.56	96.94	41.16	45.77	38.62	39.19	31.37	29.45
Long-Term Debt/Total Assets (%)	59.5	54.27	41.66	46.13	40.5	50.07	29.01	33.71	26.87	27.9	22.77	21.95
Total Debt/Equity (%)	200.04	252.31	115.92	182.19	139.75	194.11	62.03	58.65	43.96	47.74	35.8	44.74
Total Debt/Capital (%)	96.72	96.62	63.57	78.16	81.33	99.22	51.83	45.91	38.76	39.43	31.6	37.49
Total Debt/Total Assets (%)	60.47	68.33	43.65	47.7	41.4	51.24	36.52	33.81	26.97	28.07	22.94	27.94
Net Debt to Equity	197.04	248.53	109.43	173.52	133.9	187.19	59.37	56.84	42.56	46.42	34.27	42.79
Net Debt/Capital (%)	96.67	96.57	62.22	77.32	80.68	99.19	50.74	45.13	37.99	38.77	30.66	36.45
EBITDA	72	126	275	372	537	538	493	564	629	474	581	607
EBITDA-CapEx	72	126	275	372	537	538	493	564	629	474	581	607
Operating Income (Loss)	49	72	176	209	302	312	290	233	255	69	8	-28

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Cash Ratio	0.1	0.06	0.33	0.32	0.18	0.56	0.17	0.43	0.31	0.12	0.17	0.16
Current Ratio	1.77	0.53	1.51	0.69	0.45	1.44	0.4	1.44	1.18	1.12	1.4	1.33
Quick Ratio	0.52	0.51	1.14	0.61	0.37	1.18	0.34	1.32	1.07	1.07	1.14	1.21
CFO/Avg Current Liab	- -	0.3	0.47	0.69	0.62	0.76	0.64	0.6	2.04	0.84	0.6	0.49
Common Equity/Total Assets	2.05	2.39	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Equity (%)	196.84	200.42	110.66	176.22	136.71	189.66	49.26	58.48	43.8	47.44	35.54	35.15
Long-Term Debt/Capital (%)	95.18	76.75	60.68	75.6	79.56	96.94	41.16	45.77	38.62	39.19	31.37	29.45
Long-Term Debt/Total Assets (%)	59.5	54.27	41.66	46.13	40.5	50.07	29.01	33.71	26.87	27.9	22.77	21.95
Total Debt/Equity (%)	200.04	252.31	115.92	182.19	139.75	194.11	62.03	58.65	43.96	47.74	35.8	44.74
Total Debt/Capital (%)	96.72	96.62	63.57	78.16	81.33	99.22	51.83	45.91	38.76	39.43	31.6	37.49
Total Debt/Total Assets (%)	60.47	68.33	43.65	47.7	41.4	51.24	36.52	33.81	26.97	28.07	22.94	27.94
CFO/Total Liabilities	1.73	5.31	6.73	5.4	6.81	6.66	9.36	6.67	13.7	8.66	9.37	8.65
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.22	0.09	0.35	0.22	0.24	0.43	0.4	0.45	0.61	0.46	0.43	0.25

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Accounts Receivable Turnover	- -	1.22	2.94	8.28	9.25	9.38	10.42	12.04	11.32	7.41	8.46	9.33
Days Sales Outstanding	- -	299.36	124.04	44.08	39.48	38.9	35.03	30.31	32.24	49.29	43.13	39.11
Inventory Turnover	- -	13.73	11.29	9.42	13.44	12.72	24.48	33.6	16.5	11.51	11.71	7.94
Days Inventory Outstanding	- -	26.58	32.34	38.76	27.16	28.7	14.91	10.86	22.12	31.72	31.17	45.98
Accounts Payable Turnover	- -	0.48	0.87	0.51	0.69	1.41	13.11	5.39	2.77	0.7	0.58	1.18
Accounts Payable Turnover Days	- -	756	418.68	709.72	528.33	259.57	27.84	67.67	131.78	525.1	630.73	309.89
Cash Conversion Cycle	- -	-430.05	-262.3	-626.88	-461.69	-191.97	22.11	-26.5	-77.42	-444.09	-556.44	-224.8
Inventory to Cash Days	- -	272.78	91.7	5.32	12.32	10.2	20.12	19.45	10.12	17.57	11.96	-6.87
Inventories	3	4	10	14	18	21	- -	20	24	41	49	82
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	3	4	10	14	18	21	- -	20	24	41	49	82

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Market Capitalization	- -	- -	375	415	715	1,557	1,636	2,235	3,417	5,051	4,804	2,419
- Cash & Cash Equivalents	21	27	106	164	150	154	147	128	108	147	226	274
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	1,085	963	823	34	3,192	4,883	5,353	8,182	11,447	10,488
+ Total Debt	1,403	1,799	1,893	3,447	3,586	4,317	3,435	4,144	3,388	5,327	5,288	6,289
Enterprise Value	1,382	1,772	3,247	4,661	4,974	5,754	8,116	11,134	12,050	18,413	21,313	18,922
Total Capital	1,451	1,862	2,978	4,410	4,409	4,351	6,627	9,027	8,741	13,509	16,735	16,777
Total Debt/Capital (%)	96.72	96.62	63.57	78.16	81.33	99.22	51.83	45.91	38.76	39.43	31.6	37.49
Total Debt / EV	1.02	1.02	0.58	0.74	0.72	0.75	0.42	0.37	0.28	0.29	0.25	0.33
EV/Sales	14.86	9.9	9.04	9.3	6.44	7.13	10.53	13.02	13.14	25.5	21.99	17.55
EV/EBITDA	19.19	14.06	11.81	12.53	9.26	10.7	16.46	19.74	19.16	38.85	36.68	31.17
EV/EBIT	28.2	24.61	18.45	22.3	16.47	18.44	27.99	47.79	47.26	266.86	2,664.08	- -
EV/Cash Flow to Firm	10.94	12.93	10.86	12.35	9.09	11.65	13.42	11.07	9.72	27.2	14.14	17.41
EV/Free Cash Flow to Firm	10.94	12.93	10.86	12.35	9.09	11.65	13.42	11.07	9.72	27.2	14.14	17.41
Diluted Market Cap	- -	- -	375	415	715	1,557	2,223	2,881	3,417	5,064	4,804	2,419
Diluted Enterprise Value	1,382	1,772	3,247	4,661	4,974	5,754	8,703	11,780	12,050	18,426	21,313	18,922
EV per Share	85.04	109.05	173.61	204.44	113.56	106.17	147.83	189.35	177.47	238.51	251.03	206.57
TTM Sales	93	179	359	501	772	807	771	855	917	722	969	1,078
TTM EBITDA	72	126	275	372	537	538	493	564	629	474	581	607
TTM Operating Income	49	72	176	209	302	312	290	233	255	69	8	-28
TTM Cash Flow to Firm	126	137	299	377	547	494	605	1,006	1,239	677	1,507	1,087
TTM Free Cash Flow to Firm	126	137	299	377	547	494	605	1,006	1,239	677	1,507	1,087

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Price/Free Cash Flow	- -	- -	2.06	1.44	1.72	3.77	6.14	8.33	5.14	7.48	6.19	3.31
EV/EBIT	28.2	24.61	18.45	22.3	16.47	18.44	27.99	47.79	47.26	266.86	2,664.08	- -
Enterprise Value	1,382	1,772	3,247	4,661	4,974	5,754	8,116	11,134	12,050	18,413	21,313	18,922
Low Price	- -	- -	28.95	19.34	23.78	25.32	36.84	39.51	29.01	63.5	61.31	20.17
EV/Sales	14.86	9.9	9.04	9.3	6.44	7.13	10.53	13.02	13.14	25.5	21.99	17.55
EV/EBITDA	19.19	14.06	11.81	12.53	9.26	10.7	16.46	19.74	19.16	38.85	36.68	31.17
Price/Earnings	- -	- -	124.85	41.52	8.61	- -	9.8	- -	- -	36.87	10.07	12.1
Price/Earnings Average	- -	- -	127.37	47.96	9.18	-20.08	9.86	-22.78	-51.32	33.38	10.71	19.4
Price/Earnings High	- -	- -	241.92	109.96	17.11	-37.26	16.65	-36.01	-85.37	50.04	15.32	35.36
Price/Earnings Low	- -	- -	180.46	44.1	12.55	-21.44	12.11	-26.4	-35.81	35.78	10.91	9.24
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	0.23	0.72	0.57	1.68	0.44	0.54	0.7	0.67	0.4	0.22
Price/Tangible Book Value Average	- -	- -	0.23	0.84	0.6	1.38	0.45	0.48	0.57	0.61	0.43	0.35
Price/Tangible Book Value High	- -	- -	0.44	1.92	1.13	2.57	0.75	0.76	0.96	0.91	0.61	0.63
Price/Tangible Book Value Low	- -	- -	0.33	0.77	0.83	1.48	0.55	0.56	0.4	0.65	0.44	0.16
Price/Sales	- -	- -	1.04	0.83	0.93	1.93	2.12	2.61	3.73	7	4.96	2.24
Price/Sales Average	- -	- -	1.06	0.96	0.99	1.59	2.14	2.34	3.08	6.33	5.27	3.6
Price/Sales High	- -	- -	2.02	2.19	1.84	2.96	3.61	3.71	5.12	9.49	7.54	6.56
Price/Sales Low	- -	- -	1.51	0.88	1.35	1.7	2.62	2.72	2.15	6.79	5.37	1.71
Price/Cash Flow	- -	- -	2.06	1.44	1.72	3.77	4.52	6.46	5.14	7.46	6.19	3.31
Price/Cash Flow Average	- -	- -	2.1	1.67	1.84	3.11	4.55	5.79	4.24	6.76	6.58	5.31
Price/Cash Flow High	- -	- -	3.99	3.82	3.42	5.77	7.68	9.16	7.06	10.13	9.42	9.68
Price/Cash Flow Low	- -	- -	2.97	1.53	2.51	3.32	5.59	6.71	2.96	7.24	6.71	2.53
Price/Free Cash Flow Average	- -	- -	2.1	1.67	1.84	3.11	6.18	7.47	4.24	6.77	6.58	5.31
Price/Free Cash Flow High	- -	- -	3.99	3.82	3.42	5.77	10.44	11.81	7.06	10.15	9.42	9.68
Price/Free Cash Flow Low	- -	- -	2.97	1.53	2.51	3.32	7.59	8.66	2.96	7.26	6.71	2.53
EV/Sales Average	14.86	9.9	9.06	9.43	6.5	6.79	10.54	12.75	12.49	24.84	22.31	18.91
EV/Sales High	14.86	9.9	10.02	10.67	7.36	8.16	12.01	14.11	14.53	28	24.58	21.87
EV/Sales Low	14.86	9.9	9.51	9.36	6.87	6.9	11.03	13.13	11.56	25.3	22.41	17.02
EV/EBITDA Average	19.19	14.06	11.83	12.7	9.35	10.19	16.49	19.33	18.21	37.84	37.2	33.58
EV/EBITDA High	19.19	14.06	13.08	14.37	10.58	12.23	18.79	21.4	21.19	42.65	40.99	38.84
EV/EBITDA Low	19.19	14.06	12.41	12.6	9.87	10.35	17.25	19.9	16.86	38.53	37.37	30.23
EV/EBIT Average	28.2	24.61	18.49	22.61	16.63	17.57	28.03	46.8	44.92	259.93	2,701.99	-728
EV/EBIT High	28.2	24.61	20.44	25.58	18.8	21.1	31.94	51.8	52.27	293.01	2,976.94	-841.98
EV/EBIT Low	28.2	24.61	19.39	22.43	17.55	17.85	29.32	48.16	41.58	264.7	2,714.28	-655.38
Last Price	- -	- -	20.03	18.21	16.32	28.73	29.8	38.01	50.33	65.43	56.58	26.41
High Price	- -	- -	38.81	48.23	32.42	44	50.66	53.9	69.15	88.8	86.06	77.21
Enterprise Value Average	1,382	1,772	3,254	4,726	5,021	5,482	8,127	10,904	11,456	17,935	21,616	20,384
Enterprise Value High	1,382	1,772	3,598	5,346	5,679	6,582	9,261	12,068	13,328	20,217	23,815	23,575
Enterprise Value Low	1,382	1,772	3,413	4,687	5,301	5,569	8,503	11,222	10,603	18,264	21,714	18,351

Shares Outstanding	16	16	19	31	54	54	56	66	76	84	86	93
Diluted Weighted Avg Shares	16	16	19	23	44	54	75	76	68	77	85	92
Basic Weighted Avg Shares	16	16	19	23	44	54	55	59	68	77	85	92
Revenue per Share	5.72	11.02	19.2	21.97	17.63	14.89	14.04	14.54	13.5	9.35	11.41	11.77
EBITDA per Share	4.43	7.75	14.71	16.32	12.26	9.93	8.98	9.59	9.26	6.14	6.84	6.63
Operating Income per Share	3.02	4.43	9.41	9.17	6.89	5.76	5.28	3.96	3.76	0.89	0.09	-0.31
Basic EPS, GAAP	0.98	1.23	0.16	0.44	1.89	-1.18	3.04	-1.5	-0.81	1.77	5.62	2.18
Basic EPS from Cont Ops	0.98	1.23	5.19	4.69	8.74	2.1	4.86	-6.87	-3.51	3.45	11.41	-2.53
Diluted EPS, GAAP	0.98	1.23	0.16	0.44	1.89	-1.18	2.24	-1.16	-0.81	1.77	5.62	2.18
Diluted EPS from Cont Ops	0.98	1.23	5.19	4.69	8.74	2.1	3.58	-5.33	-3.51	3.44	11.41	-2.53
Dividend per Share	8.62	8.86	52.25	49.21	15.57	5.66	5.52	6.51	6.61	8.02	7.49	8.09
Cash Flow per Share	1.72	6.28	9.73	12.63	9.47	7.62	6.59	5.88	9.79	8.77	9.14	7.98
Free Cash Flow per Basic Share	1.72	6.28	9.73	12.63	9.47	7.62	6.59	5.88	9.79	8.77	9.14	7.98
Cash & Equivalents per Share	1.29	1.66	5.67	7.19	3.42	2.84	2.68	2.18	1.59	1.9	2.66	2.99
Book Value per Share	2.93	3.88	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	43.16	43.88	87.33	25.18	28.77	17.12	67.27	71	72.4	97.15	140.75	122.67

NextEra Energy Partners, LP

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)