Brookfield Infrastructure Corporation Class A Financial Ratios — BIPC

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	12.64	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	- -	2.06	-5.75	-3.79	10.8	0.65	-2.56	-1.01
Return on Capital (%)	- -	- -	-1.06	-40.8	-23.6	31.89	0.49	-7.27	-2.93
Return on Invested Capital (%)	- -	- -	10.56	-100.55	2.12	33.74	10.13	2.38	9.77
Gross Margin (%)	85.26	84.88	65.9	63.15	67.99	71.26	68.92	62.41	63.63
EBITDA Margin (%)	83.37	83.34	83.08	80.63	79.37	78.79	80.82	81.51	79.66
Operating Margin (%)	63.49	62.91	64.05	60.84	65	67.6	66.24	60.37	61.45
Incremental Operating Margin (%)	- -	59.66	94.83	88.36	92.96	85.19	62.07	47.72	2,050
Pretax Margin (%)	56.92	52.21	52.01	2.59	26.29	99.73	38.91	11.92	29.58
Profit Margin (%)	15.65	12.94	12.17	-38.6	-22.4	58.01	4.43	-16.58	-6.57
Net Income to Common Margin (%)	15.65	12.94	12.17	-38.6	-22.4	58.01	4.43	-16.58	-6.57
Effective Tax Rate (%)	23.37	28.71	32.3	727.03	93.75	13.93	37.78	83.52	35.48
Dvd Payout Ratio (%)	- -	70.52	26.51	37.5	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	9.29	- -	- -	- -	- -	- -	- -

Credit (USD)

Credit Ratios API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	3,246	3,526	4,620	3,687	4,603	12,054	12,280	13,269
ST Debt	- -	- -	- -	11	131	354	1,047	769	1,314
LT Debt	- -	3,246	3,526	4,609	3,556	4,249	11,007	11,511	11,955
Total Debt/EBITDA	- -	2.5	2.62	4.01	2.83	3.1	5.96	4.11	4.54
Net Debt/EBITDA	- -	2.42	2.47	3.84	2.47	2.8	5.69	3.88	4.39
Total Debt/EBIT	- -	3.31	3.4	5.31	3.45	3.61	7.27	5.55	5.89
Net Debt/EBIT	- -	3.2	3.2	5.09	3.01	3.26	6.95	5.24	5.7
EBITDA to Interest Expense	15.54	10.24	8.62	5.39	4.44	2.73	2.9	2.81	2.53
EBITDA-CapEx/Interest Expense	15.54	6.76	5.71	3.44	3.02	1.77	2.05	2.81	2.53
EBIT to Interest Expense	11.83	7.73	6.65	4.07	3.63	2.34	2.38	2.08	1.95
Interest Expense	71	127	156	214	294	544	697	1,065	1,155
Common Equity/Total Assets	- -	15.82	16.79	-18.43	-21.09	-10.99	-1.67	-5.31	-5.41
Long-Term Debt/Equity (%)	- -	99.91	107.6	- -	- -	- -	270.58	518.05	596.26
Long-Term Debt/Capital (%)	- -	49.98	51.83	113.86	157.14	100.17	68.27	79.38	78.27
Long-Term Debt/Total Assets (%)	- -	35.13	35.79	49.33	35.26	41.75	46.04	48.8	49.76
Total Debt/Equity (%)	- -	99.91	107.6	-807.69	-258.92	-1,275.07	296.31	552.66	661.8
Total Debt/Capital (%)	- -	49.98	51.83	114.13	162.93	108.51	74.77	84.68	86.87
Total Debt/Total Assets (%)	- -	35.13	35.79	49.44	36.56	45.22	50.42	52.06	55.23
Net Debt to Equity	- -	96.86	101.37	-774.13	-225.98	-1,151.8	283.06	522.32	640.3
Net Debt/Capital (%)	- -	49.2	50.34	114.83	179.38	109.51	73.89	83.93	86.49
EBITDA	1,103	1,301	1,345	1,153	1,304	1,486	2,023	2,988	2,922
EBITDA-CapEx	1,103	858	890	737	887	961	1,429	2,988	2,922
Operating Income (Loss)	840	982	1,037	870	1,068	1,275	1,658	2,213	2,254

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	0.28	0.41	0.07	0.08	0.11	0.09	0.1	0.06
Current Ratio	- -	1.25	1.2	0.21	0.32	0.34	0.44	0.62	0.38
Quick Ratio	- -	1.21	1.14	0.19	0.32	0.33	0.43	0.36	0.38
CFO/Avg Current Liab	- -	- -	2.56	0.45	0.19	0.16	0.19	0.25	0.21
Common Equity/Total Assets	- -	15.82	16.79	-18.43	-21.09	-10.99	-1.67	-5.31	-5.41
Long-Term Debt/Equity (%)	- -	99.91	107.6	- -	- -	- -	270.58	518.05	596.26
Long-Term Debt/Capital (%)	- -	49.98	51.83	113.86	157.14	100.17	68.27	79.38	78.27
Long-Term Debt/Total Assets (%)	- -	35.13	35.79	49.33	35.26	41.75	46.04	48.8	49.76
Total Debt/Equity (%)	- -	99.91	107.6	-807.69	-258.92	-1,275.07	296.31	552.66	661.8
Total Debt/Capital (%)	- -	49.98	51.83	114.13	162.93	108.51	74.77	84.68	86.87
Total Debt/Total Assets (%)	- -	35.13	35.79	49.44	36.56	45.22	50.42	52.06	55.23
CFO/Total Liabilities	- -	17.78	16.47	7.36	7.29	8.47	5.34	8.16	7.3
CFO/CapEx	- -	2.4	2.38	1.75	2.01	1.7	1.78	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	0.78	0.43	0.56	0.45

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	4.73	4.08	4.4	4.47	4.04	5.07	5.22
Days Sales Outstanding	- -	- -	77.1	89.46	82.97	81.57	90.27	71.93	69.91
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	3,257	5,017	4,302	4,653	4,776	5,449
- Cash & Cash Equivalents	- -	99	204	192	469	445	539	674	431
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	1,787	1,623	1,150	703	758	4,467	3,475	3,304
+ Total Debt	- -	3,246	3,526	4,620	3,687	4,603	12,054	12,280	13,269
Enterprise Value	- -	- -	- -	8,835	8,938	9,161	20,597	19,789	21,578
Total Capital	- -	6,495	6,803	4,048	2,263	4,242	16,122	14,502	15,274
Total Debt/Capital (%)	- -	49.98	51.83	114.13	162.93	108.51	74.77	84.68	86.87
Total Debt / EV	- -	- -	- -	0.52	0.41	0.5	0.59	0.62	0.61
EV/Sales	- -	- -	- -	6.18	5.44	4.86	8.23	5.4	5.88
EV/EBITDA	- -	- -	- -	7.66	6.85	6.16	10.18	6.62	7.38
EV/EBIT	- -	- -	- -	10.15	8.37	7.18	12.42	8.94	9.57
EV/Cash Flow to Firm	- -	- -	- -	- -	10.42	6.73	13.8	10.31	9.17
EV/Free Cash Flow to Firm	- -	- -	- -	- -	20.3	10.95	22.92	10.31	9.17
Diluted Market Cap	- -	- -	- -	3,257	5,017	4,302	4,653	4,776	5,449
Diluted Enterprise Value	- -	- -	- -	8,835	8,938	9,161	20,597	19,789	21,578
EV per Share	- -	- -	- -	131	81.14	82.85	156.19	166.24	179.84
TTM Sales	1,323	1,561	1,619	1,430	1,643	1,886	2,503	3,666	3,668
TTM EBITDA	1,103	1,301	1,345	1,153	1,304	1,486	2,023	2,988	2,922
TTM Operating Income	840	982	1,037	870	1,068	1,275	1,658	2,213	2,254
TTM Cash Flow to Firm	1,085	1,156	1,189	-612	857	1,361	1,493	1,918	2,353
TTM Free Cash Flow to Firm	1,085	713	734	-1,028	440	836	899	1,918	2,353

Multiples (USD)

Valuation Multiples API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	10.37	11.89	11.69	10.01	2.74	3.39
EV/EBIT	- -	- -	- -	10.15	8.37	7.18	12.42	8.94	9.57
Enterprise Value	- -	- -	- -	8,835	8,938	9,161	20,597	19,789	21,578
Low Price	- -	- -	- -	22.73	37.92	37.62	25.54	28.51	32.22
EV/Sales	- -	- -	- -	6.18	5.44	4.86	8.23	5.4	5.88
EV/EBITDA	- -	- -	- -	7.66	6.85	6.16	10.18	6.62	7.38
Price/Earnings	- -	- -	- -	- -	- -	3.93	41.92	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	4.59	48.17	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	5.42	57.32	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	3.8	30.34	- -	- -
Price/Book Value	- -	- -	- -	-1.89	-2.36	-3.84	-11.66	-3.81	-4.19
Price/Book Value Average	- -	- -	- -	-1.36	-2.31	-4.49	-13.4	-3.55	-3.78
Price/Book Value High	- -	- -	- -	-1.92	-2.78	-5.3	-15.95	-4.3	-4.42
Price/Book Value Low	- -	- -	- -	-0.89	-1.96	-3.72	-8.44	-2.71	-2.98
Price/Tangible Book Value	- -	- -	- -	-0.63	-0.95	-0.96	-0.8	-0.83	-0.9
Price/Tangible Book Value Average	- -	- -	- -	-0.45	-0.93	-1.12	-0.92	-0.77	-0.81
Price/Tangible Book Value High	- -	- -	- -	-0.64	-1.12	-1.32	-1.09	-0.94	-0.94
Price/Tangible Book Value Low	- -	- -	- -	-0.29	-0.79	-0.93	-0.58	-0.59	-0.64
Price/Sales	- -	- -	- -	2.28	3.05	2.28	1.86	1.3	1.49
Price/Sales Average	- -	- -	- -	1.64	2.99	2.66	2.14	1.21	1.34
Price/Sales High	- -	- -	- -	2.31	3.6	3.14	2.54	1.47	1.56
Price/Sales Low	- -	- -	- -	1.07	2.54	2.21	1.35	0.93	1.05
Price/Cash Flow	- -	- -	- -	4.46	5.98	4.82	4.39	2.74	3.39
Price/Cash Flow Average	- -	- -	- -	3.22	5.86	5.62	5.05	2.55	3.06
Price/Cash Flow High	- -	- -	- -	4.53	7.05	6.64	6.01	3.09	3.57
Price/Cash Flow Low	- -	- -	- -	2.1	4.98	4.66	3.18	1.95	2.4
Price/Free Cash Flow Average	- -	- -	- -	7.48	11.65	13.64	11.5	2.55	3.06
Price/Free Cash Flow High	- -	- -	- -	10.52	14.03	16.11	13.68	3.09	3.57
Price/Free Cash Flow Low	- -	- -	- -	4.88	9.9	11.3	7.24	1.95	2.4
EV/Sales Average	- -	- -	- -	5.54	5.38	5.24	8.51	5.31	5.74
EV/Sales High	- -	- -	- -	6.21	5.99	5.72	8.91	5.57	5.96
EV/Sales Low	- -	- -	- -	4.97	4.93	4.78	7.72	5.02	5.45
EV/EBITDA Average	- -	- -	- -	6.88	6.78	6.65	10.52	6.51	7.2
EV/EBITDA High	- -	- -	- -	7.7	7.55	7.26	11.03	6.83	7.48
EV/EBITDA Low	- -	- -	- -	6.17	6.21	6.07	9.55	6.16	6.84
EV/EBIT Average	- -	- -	- -	9.11	8.27	7.75	12.84	8.79	9.34
EV/EBIT High	- -	- -	- -	10.21	9.21	8.46	13.45	9.22	9.7
EV/EBIT Low	- -	- -	- -	8.17	7.58	7.07	11.65	8.32	8.87
Last Price	- -	- -	- -	48.29	45.54	38.91	35.29	40.12	45.42
High Price	- -	- -	- -	48.99	53.73	53.61	48.25	45.29	47.8
Enterprise Value Average	- -	- -	- -	7,927	8,836	9,878	21,291	19,460	21,043
Enterprise Value High	- -	- -	- -	8,882	9,840	10,786	22,307	20,404	21,864
Enterprise Value Low	- -	- -	- -	7,111	8,098	9,019	19,312	18,406	19,995

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	70	70	70	67	110	111	132	119	120
Diluted Weighted Avg Shares	70	70	70	67	110	111	132	119	120
Basic Weighted Avg Shares	70	70	70	67	110	111	132	119	120
Revenue per Share	18.97	22.38	23.21	21.2	14.92	17.06	18.98	30.8	30.57
EBITDA per Share	15.81	18.65	19.28	17.1	11.84	13.44	15.34	25.1	24.35
Operating Income per Share	12.04	14.08	14.87	12.9	9.7	11.53	12.57	18.59	18.79
Basic EPS, GAAP	2.97	2.9	2.82	-8.18	-3.34	9.89	0.84	-5.11	-2.01
Basic EPS from Cont Ops	8.27	8.33	8.17	-3.44	0.25	14.64	4.6	0.6	5.83
Diluted EPS, GAAP	2.97	2.9	2.82	-8.18	-3.34	9.89	0.84	-5.11	-2.01
Diluted EPS from Cont Ops	8.27	8.33	8.17	-3.44	0.25	14.64	4.6	0.6	5.83
Dividend per Share	- -	9.71	3.58	0.49	- -	- -	- -	- -	- -
Cash Flow per Share	14.78	15.27	15.53	10.82	7.62	8.08	8.03	14.64	13.4
Free Cash Flow per Basic Share	14.78	8.92	9	4.66	3.83	3.33	3.53	14.64	13.4
Cash & Equivalents per Share	- -	1.42	2.92	2.85	4.26	4.54	4.38	6.23	3.7
Book Value per Share	- -	20.96	23.71	-25.53	-19.31	-10.12	-3.03	-10.53	-10.83
Tangible Book Value per Share	- -	-50.12	-42.28	-77.08	-48.14	-40.55	-44.16	-48.34	-50.68