Discounted Cash Flow

Brookfield Infrastructure Corp. Foreign

BIPC · Based on 10 years of SEC filings · Converted from CAD to USD

⚠ Cash flow predictability 42/100 (moderate) — FCF YoY std dev 74%, net income 86% (full history)

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2018 $1.1b $422.0m $773.5m 37.2%
2019 $1.2b (3.7%) $414.0m (-1.9%) $786.6m (1.7%) 35.2% (-5.4%)
2020 $1.0b (-11.7%) $-168.5m (-140.7%) $530.2m (-32.6%) -16.2% (-146.1%)
2021 $1.2b (14.9%) $19.6m (111.6%) $19.6m (-96.3%) 1.6% (110.1%)
2022 $1.4b (14.8%) $1.2b (5896.3%) $267.3m (1263.0%) 85.8% (5123.7%)
2023 $1.8b (32.7%) $440.1m (-62.6%) $337.7m (26.4%) 24.2% (-71.8%)
2024 $2.7b (46.5%) $52.3m (-88.1%) $52.3m (-84.5%) 2.0% (-91.9%)
2025 $2.7b (0.1%) $508.4m (872.2%) $1.2b (2133.3%) 19.1% (871.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in CAD. Values above are converted to USD for comparison with the US-listed share price.

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model