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Brookfield Asset Management

Market Cap

CA$86.4b

Last Updated

2021/04/10 23:58 UTC

Data Sources

Company Financials +

Executive Summary

Brookfield Asset Management is a leading global alternative asset manager and one of the largest investors in real assets. More Details


Snowflake Analysis

Moderate growth potential second-rate dividend payer.


Similar Companies

Share Price & News

How has Brookfield Asset Management's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BAM.A is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BAM.A's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

1.6%

BAM.A

3.3%

CA Capital Markets

1.0%

CA Market


1 Year Return

16.2%

BAM.A

32.9%

CA Capital Markets

39.2%

CA Market

Return vs Industry: BAM.A underperformed the Canadian Capital Markets industry which returned 31.8% over the past year.

Return vs Market: BAM.A underperformed the Canadian Market which returned 39.2% over the past year.


Shareholder returns

BAM.AIndustryMarket
7 Day1.6%3.3%1.0%
30 Day5.5%7.8%1.4%
90 Day14.5%19.1%7.5%
1 Year17.7%16.2%35.4%32.9%44.0%39.2%
3 Year80.6%73.6%64.2%53.0%32.2%19.6%
5 Year117.5%99.2%108.1%80.7%59.4%35.3%

Long-Term Price Volatility Vs. Market

How volatile is Brookfield Asset Management's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Brookfield Asset Management undervalued compared to its fair value and its price relative to the market?

2.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BAM.A (CA$57.07) is trading above our estimate of fair value (CA$16.88)

Significantly Below Fair Value: BAM.A is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BAM.A is unprofitable, so we can't compare its PE Ratio to the CA Capital Markets industry average.

PE vs Market: BAM.A is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BAM.A's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BAM.A is overvalued based on its PB Ratio (2.2x) compared to the CA Capital Markets industry average (1.4x).


Future Growth

How is Brookfield Asset Management forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

79.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BAM.A is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: BAM.A is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BAM.A's is expected to become profitable in the next 3 years.

Revenue vs Market: BAM.A's revenue is expected to decline over the next 3 years (-10.5% per year).

High Growth Revenue: BAM.A's revenue is forecast to decline over the next 3 years (-10.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BAM.A's Return on Equity is forecast to be low in 3 years time (3%).


Past Performance

How has Brookfield Asset Management performed over the past 5 years?

-2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAM.A is currently unprofitable.

Growing Profit Margin: BAM.A is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BAM.A is unprofitable, and losses have increased over the past 5 years at a rate of 2.7% per year.

Accelerating Growth: Unable to compare BAM.A's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BAM.A is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-4.6%).


Return on Equity

High ROE: BAM.A has a negative Return on Equity (0.58%), as it is currently unprofitable.


Financial Health

How is Brookfield Asset Management's financial position?


Financial Position Analysis

Short Term Liabilities: BAM.A's short term assets ($47.7B) exceed its short term liabilities ($34.0B).

Long Term Liabilities: BAM.A's short term assets ($47.7B) do not cover its long term liabilities ($187.1B).


Debt to Equity History and Analysis

Debt Level: BAM.A's debt to equity ratio (122.8%) is considered high.

Reducing Debt: BAM.A's debt to equity ratio has increased from 105.5% to 122.8% over the past 5 years.

Debt Coverage: BAM.A's debt is not well covered by operating cash flow (5.5%).

Interest Coverage: BAM.A is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Dividend

What is Brookfield Asset Management current dividend yield, its reliability and sustainability?

1.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BAM.A's dividend (1.14%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.47%).

High Dividend: BAM.A's dividend (1.14%) is low compared to the top 25% of dividend payers in the Canadian market (4.73%).


Stability and Growth of Payments

Stable Dividend: BAM.A's dividends per share have been stable in the past 10 years.

Growing Dividend: BAM.A's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: BAM.A is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: BAM.A's dividends in 3 years are forecast to be well covered by earnings (16.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

James Flatt (55 yo)

19.17yrs

Tenure

US$6,578,888

Compensation

Mr. James Bruce Flatt serves as Managing Partner and Chief Executive Officer at Brookfield Asset Management PIC Canada, LP since March 2020. He is also Managing Partner at Brookfield Asset Management PIC U...


CEO Compensation Analysis

Compensation vs Market: James's total compensation ($USD6.58M) is about average for companies of similar size in the Canadian market ($USD7.19M).

Compensation vs Earnings: James's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: BAM.A's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: BAM.A's board of directors are considered experienced (9.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BAM.A insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Brookfield Asset Management Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Brookfield Asset Management Inc.
  • Ticker: BAM.A
  • Exchange: TSX
  • Founded: 1997
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: CA$86.369b
  • Shares outstanding: 1.51b
  • Website: https://www.brookfield.com

Number of Employees


Location

  • Brookfield Asset Management Inc.
  • Brookfield Place
  • Suite 300
  • Toronto
  • Ontario
  • M5J 2T3
  • Canada

Listings


Biography

Brookfield Asset Management is a leading global alternative asset manager and one of the largest investors in real assets. Our investment focus is on real estate, renewable power, infrastructure and privat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/10 23:58
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.