Stock fact sheet · data as of
Brookfield Infrastructure Finance ULC 5 % Notes 2021-24.05.81 Global (BIPH): fair value, margin of safety and Wheel Score
Ticker symbol BIPH · Utilities · Diversified Utilities · United States · Fund / Note
Is BIPH undervalued?
BIPH closed at 15.25 on 5 Nov 2026, 19% below the GLS average fair value of 18.88 from 7 models (2 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" Wheel Trade Filter, with room for a bigger discount on the Value part.
There is a wide gap between Lynch (3.34) and 10 Cap (66.69). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
BIPH looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for BIPH
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 14.96 | -2% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 9.47 | -38% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 3.34 | -78% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 7.39 | -52% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 66.69 | +337% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 26.41 | +73% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 3.93 | -74% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -220.69 | -1547% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Brookfield Infrastructure Finance ULC 5 % Notes 2021-24.05.81 Global scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. There is no GLS Moat score for BIPH: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are thin or negative - ROIC 0.6%, ROE 8.0%, ROA 0.4% - with debt at 12.30 times equity and negative free cash flow. Debt of 12.30 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 4.70% (payout ratio 524%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Leasing 68%, Distribution 22%, Connections 8% (fiscal year FY2024).
Institutional ownership scores 5/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 0.6% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 8.0% |
| Debt / equity | 12.30 | ROA | 0.4% |
| Free-cash-flow yield | -3.3% | Payout ratio | 524% |
| Institutions | 5 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 21: No options
No options are listed on Brookfield Infrastructure Finance ULC 5 % Notes 2021-24.05.81 Global in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 21, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 34k shares a day on a market cap of $5.6B, with a beta of 0.97; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Fails | 9.7 years to repay its debt (over 6) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Good | 19% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Good | beta 0.97, $5.6B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for BIPH in the nightly calendar. The next ex-dividend date is 16 Dec 2026 (0.3125 per share).
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Diversified Utilities
The 9 companies below are the closest to Brookfield Infrastructure Finance ULC 5 % Notes 2021-24.05.81 Global by market cap within the Diversified Utilities industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AQN Algonquin Power & Utilities Corp. | 5.64 | 3.35 | -68% | 31Weak | $4.3B |
| AVA Avista Corporation | 40.17 | 39.98 | -0% | 23Weak | $3.4B |
| AES The AES Corporation | 14.90 | 42.67 | +65% | 55Fair | $10.6B |
| SREA Sempra | 18.82 | 25.40 | +26% | 34No options | $12.3B |
| BIP Brookfield Infrastructure Partners L.P. | 38.17 | 26.63 | -43% | 26Weak | $17.6B |
| AQNB Algonquin Power & Utilities Corp. | 25.57 | 15.25 | -68% | 21No options | $18.8B |
| UTL Unitil Corporation | 56.54 | 34.87 | -62% | 30Weak | $1.0B |
| SRE Sempra | 82.90 | 54.43 | -52% | 33Weak | $54.2B |
| TVC Tennessee Valley Authority | 23.88 | 18,707.36 | +100% | 31No options | $13M |
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about BIPH
Is BIPH undervalued right now?
By the GLS models, moderately: at 15.25 the stock trades 19% below the average fair value of 18.88 (data as of 5 Nov 2026).
What is the Wheel Score of BIPH and what does it mean?
BIPH has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for BIPH?
18.88 per share as of 5 Nov 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Brookfield Infrastructure Finance ULC 5 % Notes 2021-24.05.81 Global report earnings next?
No upcoming earnings date is recorded for BIPH in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does BIPH have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on BIPH, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.