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Brookfield Asset Management

TSX:BAM.A
Snowflake Description

Average dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BAM.A
TSX
CA$60B
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Brookfield Asset Management Inc. is a publicly owned asset management holding company. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • Brookfield Asset Management is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
BAM.A Share Price and Events
7 Day Returns
0.4%
TSX:BAM.A
0.5%
CA Capital Markets
0%
CA Market
1 Year Returns
16.4%
TSX:BAM.A
-2.9%
CA Capital Markets
-3.1%
CA Market
BAM.A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brookfield Asset Management (BAM.A) 0.4% -0.9% 2.4% 16.4% 43.3% 105.5%
CA Capital Markets 0.5% 1% 7.3% -2.9% 19.5% -12.4%
CA Market 0% -1.3% -1% -3.1% 11.3% 0.9%
1 Year Return vs Industry and Market
  • BAM.A outperformed the Capital Markets industry which returned -2.9% over the past year.
  • BAM.A outperformed the Market in Canada which returned -3.1% over the past year.
Price Volatility
BAM.A
Industry
5yr Volatility vs Market

BAM.A Value

 Is Brookfield Asset Management undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Brookfield Asset Management to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Brookfield Asset Management.

TSX:BAM.A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $35.35 * 5.7%
$2.02
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $35.35
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:BAM.A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.698 (1 + (1- 26.5%) (264.02%))
1.706
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.706 * 5.96%)
12.11%

Discounted Cash Flow Calculation for TSX:BAM.A using Excess Returns Model Model

The calculations below outline how an intrinsic value for Brookfield Asset Management is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

TSX:BAM.A Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.7% – 12.11%) * $35.35)
$-2.26
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-2.26 / (12.11% - 1.95%)
$-22.21
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $35.35 + $-22.21
$13.14
TSX:BAM.A Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:BAM.A)
1.34
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $13.14 x 1.34
CA$17.61
Value per share (CAD) From above. CA$17.61
Current discount Discount to share price of CA$63.24
= -1 x (CA$63.24 - CA$17.61) / CA$17.61
-259%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Brookfield Asset Management is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Brookfield Asset Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brookfield Asset Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:BAM.A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.21
TSX:BAM.A Share Price ** TSX (2019-06-17) in CAD CA$63.24
TSX:BAM.A Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.746 $47.18
Canada Capital Markets Industry PE Ratio Median Figure of 21 Publicly-Listed Capital Markets Companies 11.23x
Canada Market PE Ratio Median Figure of 545 Publicly-Listed Companies 15.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Brookfield Asset Management.

TSX:BAM.A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:BAM.A Share Price ÷ EPS (both in USD)

= 47.18 ÷ 3.21

14.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brookfield Asset Management is overvalued based on earnings compared to the CA Capital Markets industry average.
  • Brookfield Asset Management is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Brookfield Asset Management's expected growth come at a high price?
Raw Data
TSX:BAM.A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 2.05x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Brookfield Asset Management, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Brookfield Asset Management's assets?
Raw Data
TSX:BAM.A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $27.63
TSX:BAM.A Share Price * TSX (2019-06-17) in CAD CA$63.24
TSX:BAM.A Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.746 $47.18
Canada Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 1.19x
Canada Market PB Ratio Median Figure of 2,414 Publicly-Listed Companies 1.41x
TSX:BAM.A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:BAM.A Share Price ÷ Book Value per Share (both in USD)

= 47.18 ÷ 27.63

1.71x

* Primary Listing of Brookfield Asset Management.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brookfield Asset Management is overvalued based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Brookfield Asset Management's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Brookfield Asset Management has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BAM.A Future Performance

 How is Brookfield Asset Management expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.2%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Brookfield Asset Management expected to grow at an attractive rate?
  • Brookfield Asset Management's earnings growth is positive but not above the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Brookfield Asset Management's earnings growth is positive but not above the Canada market average.
  • Brookfield Asset Management's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:BAM.A Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:BAM.A Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.2%
TSX:BAM.A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.7%
Canada Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.6%
Canada Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:BAM.A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:BAM.A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 7,055
2021-12-31 64,419 5,401 1
2020-12-31 56,209 4,603 1
2019-12-31 58,226 4,814 1
TSX:BAM.A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 60,933 5,483 3,074
2018-12-31 58,610 5,159 3,328
2018-09-30 54,975 3,802 2,539
2018-06-30 52,848 4,502 2,627
2018-03-31 48,924 4,738 2,209
2017-12-31 41,999 4,005 1,317
2017-09-30 35,998 4,238 450
2017-06-30 29,956 3,697 1,260
2017-03-31 26,670 3,403 1,221
2016-12-31 25,704 3,083 1,518
2016-09-30 24,721 2,406 2,022
2016-06-30 23,342 2,756 1,276

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Brookfield Asset Management's earnings are expected to grow by 0.2% yearly, however this is not considered high growth (20% yearly).
  • Brookfield Asset Management's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:BAM.A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Brookfield Asset Management Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:BAM.A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.13 3.13 3.13 1.00
2020-12-31 2.48 2.48 2.48 1.00
2019-12-31 2.39 2.39 2.39 1.00
TSX:BAM.A Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.21
2018-12-31 3.48
2018-09-30 2.65
2018-06-30 2.74
2018-03-31 2.30
2017-12-31 1.37
2017-09-30 0.47
2017-06-30 1.31
2017-03-31 1.27
2016-12-31 1.58
2016-09-30 2.11
2016-06-30 1.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Brookfield Asset Management is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Brookfield Asset Management's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Brookfield Asset Management has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BAM.A Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Brookfield Asset Management's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Brookfield Asset Management's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Brookfield Asset Management's 1-year earnings growth exceeds its 5-year average (39.2% vs -3.4%)
  • Brookfield Asset Management's earnings growth has exceeded the CA Capital Markets industry average in the past year (39.2% vs 24.6%).
Earnings and Revenue History
Brookfield Asset Management's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Brookfield Asset Management Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:BAM.A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 60,933.00 3,074.00 103.00
2018-12-31 58,610.00 3,328.00 104.00
2018-09-30 54,975.00 2,539.00 102.00
2018-06-30 52,848.00 2,627.00 101.00
2018-03-31 48,924.00 2,209.00 97.00
2017-12-31 41,999.00 1,317.00 95.00
2017-09-30 35,998.00 450.00 93.00
2017-06-30 29,956.00 1,260.00 89.00
2017-03-31 26,670.00 1,221.00 94.00
2016-12-31 25,704.00 1,518.00 92.00
2016-09-30 24,721.00 2,022.00 91.00
2016-06-30 23,342.00 1,276.00 96.00
2016-03-31 22,460.00 1,736.00 100.00
2015-12-31 21,753.00 2,207.00 106.00
2015-09-30 20,868.00 2,576.00 113.00
2015-06-30 20,517.00 3,012.00 115.00
2015-03-31 20,009.00 3,148.00 119.00
2014-12-31 19,958.00 2,956.00 123.00
2014-09-30 20,251.00 2,624.00 129.00
2014-06-30 20,612.00 2,707.00 138.00
2014-03-31 20,984.00 2,154.00 141.00
2013-12-31 21,589.00 1,975.00 152.00
2013-09-30 21,956.00 1,751.00 156.00
2013-06-30 21,501.00 1,277.00 161.00
2013-03-31 20,793.00 1,188.00 160.00
2012-12-31 20,003.00 1,251.00 158.00
2012-09-30 18,730.00 1,353.00 -57.00
2012-06-30 18,405.00 1,278.00 17.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Brookfield Asset Management has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brookfield Asset Management used its assets less efficiently than the CA Capital Markets industry average last year based on Return on Assets.
  • Brookfield Asset Management has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Brookfield Asset Management's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Brookfield Asset Management has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BAM.A Health

 How is Brookfield Asset Management's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Brookfield Asset Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brookfield Asset Management is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Brookfield Asset Management's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Brookfield Asset Management's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Brookfield Asset Management Company Filings, last reported 2 months ago.

TSX:BAM.A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 98,564.00 119,009.00 6,740.00
2018-12-31 97,150.00 120,370.00 8,390.00
2018-09-30 88,259.00 106,974.00 7,839.00
2018-06-30 79,170.00 85,169.00 5,913.00
2018-03-31 81,315.00 80,315.00 6,044.00
2017-12-31 79,872.00 80,491.00 5,139.00
2017-09-30 77,331.00 73,287.00 4,538.00
2017-06-30 74,045.00 71,999.00 4,429.00
2017-03-31 70,426.00 69,897.00 6,427.00
2016-12-31 69,688.00 67,017.00 4,299.00
2016-09-30 67,119.00 67,373.00 4,372.00
2016-06-30 64,539.00 67,512.00 4,020.00
2016-03-31 61,427.00 66,799.00 3,563.00
2015-12-31 57,227.00 60,340.00 2,774.00
2015-09-30 53,256.00 61,511.00 3,057.00
2015-06-30 55,022.00 54,951.00 2,923.00
2015-03-31 52,349.00 55,484.00 2,643.00
2014-12-31 53,247.00 54,886.00 3,160.00
2014-09-30 48,933.00 49,943.00 3,312.00
2014-06-30 49,176.00 50,190.00 3,917.00
2014-03-31 46,954.00 49,673.00 3,555.00
2013-12-31 47,526.00 47,653.00 3,663.00
2013-09-30 45,624.00 45,222.00 3,799.00
2013-06-30 44,094.00 45,064.00 3,264.00
2013-03-31 44,982.00 47,853.00 2,926.00
2012-12-31 44,338.00 46,022.00 2,850.00
2012-09-30 40,860.00 42,713.00 2,760.00
2012-06-30 39,021.00 42,498.00 2,539.00
  • Brookfield Asset Management's level of debt (120.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (105.7% vs 120.7% today).
  • Debt is not well covered by operating cash flow (4.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Brookfield Asset Management's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Brookfield Asset Management has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BAM.A Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.36%
Current annual income from Brookfield Asset Management dividends. Estimated to be 1.39% next year.
If you bought CA$2,000 of Brookfield Asset Management shares you are expected to receive CA$27 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Brookfield Asset Management's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.14%).
  • Brookfield Asset Management's dividend is below the markets top 25% of dividend payers in Canada (5.78%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:BAM.A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:BAM.A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.68 2.00
2020-12-31 0.66 5.00
2019-12-31 0.63 5.00
TSX:BAM.A Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-09 0.640 1.360
2019-02-14 0.640 1.378
2018-11-08 0.600 1.438
2018-08-09 0.600 1.407
2018-05-10 0.600 1.459
2018-02-15 0.600 1.524
2017-11-09 0.560 1.336
2017-08-10 0.560 1.378
2017-05-11 0.560 1.451
2017-02-09 0.560 1.527
2016-11-11 0.520 1.542
2016-08-12 0.520 1.504
2016-05-13 0.520 1.510
2016-02-12 0.520 1.582
2015-11-06 0.480 1.551
2015-08-07 0.480 1.469
2015-04-08 0.480 1.339
2015-03-27 0.453 1.246
2015-02-13 0.453 1.256
2014-11-10 0.427 1.268
2014-08-08 0.427 1.367
2014-05-07 0.427 1.461
2013-11-11 0.400 1.525
2013-08-09 0.400 1.607
2013-05-09 0.400 1.643
2013-02-15 0.400 1.607
2012-11-09 0.373 1.550
2012-08-10 0.373 1.615
2012-05-10 0.373 1.720
2012-02-17 0.373 1.761
2011-11-11 0.347 1.824
2011-08-10 0.347 1.851
2011-05-11 0.347 1.625
2011-02-18 0.347 1.614
2010-11-05 0.347 1.637
2010-08-06 0.347 1.880
2010-05-06 0.347 2.155
2010-02-19 0.347 2.089
2009-11-06 0.347 2.417
2009-08-07 0.347 2.397

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Brookfield Asset Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5x coverage).
X
Income/ dividend checks
We assess Brookfield Asset Management's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Brookfield Asset Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brookfield Asset Management has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BAM.A Management

 What is the CEO of Brookfield Asset Management's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
James Flatt
COMPENSATION $4,920,300
AGE 53
TENURE AS CEO 17.3 years
CEO Bio

Mr. James Bruce Flatt serves as Chief Executive Officer and prior to that he had been the Managing Director of Real Estate & CEO and prior to that was Chief Executive Officer and a Director at Brookfield Asset Management Inc. since February 2002 and April 2001 respectively and serves as its Managing Partner. Mr. Flatt served as Senior Managing Partner of Brookfield Asset Management Inc since 2002 . Mr. Flatt joined Brookfield Asset Management in 1990. He served as the Chief Executive Officer and President at Brascan Corp. at BAM Investments Corp. Prior to that, Mr. Flatt served as the President and Chief Executive from April 2000 to February 2002 and from August 1995 to April 2000, he served as the President and Chief Operating Officer and he served as a Director from February 1996 to May 5, 2010 at Brookfield Properties Corporation. He served as the Chairman and Director of GGP Inc. since November 2010 until August 28, 2018. Mr. Flatt also serves as the Chairman of Carma Corporation. Mr. Flatt served as the Chairman of Brookfield Residential Properties Inc. from October 2002 to May 2007. He served as a Director of Brookfield Incorporações S.A. Mr. Flatt served as a Director of Glencore Canada Corporation from 2001 to October 2005. He served as an Independent Director of Brookfield Office Properties Inc. since May 4, 2011. Prior to that, Mr. Flatt served as a Director of Brascan Financial Corp. He served as a Director of Xstrata Canada Corporation from 2001 to October 2005. Prior to that, Mr. Flatt served as Director of Brookfield Homes Corp since October 2002. Before that, he served as an Independent Director of Norbord Inc. from 2002 to April 21, 2006. Prior to that, Mr. Flatt served as an Independent Director of Fraser Papers Inc. since 2004. Before that, he also served as Director of Brookfield Renewable Power Inc. since 2003. Mr. Flatt holds a Business Degree from the University of Manitoba.

CEO Compensation
  • James's compensation has been consistent with company performance over the past year, both up more than 20%.
  • James's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Brookfield Asset Management management team in years:

16.7
Average Tenure
52
Average Age
  • The average tenure for the Brookfield Asset Management management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

James Flatt

TITLE
CEO, Managing Partner & Director
COMPENSATION
$5M
AGE
53
TENURE
17.3 yrs

Jeff Blidner

TITLE
Vice Chairman of the Board
AGE
70

Brian Lawson

TITLE
Managing Partner
COMPENSATION
$2M
AGE
59
TENURE
17.4 yrs

Cyrus Madon

TITLE
Managing Partner &CEO of Private Equity Group
COMPENSATION
$4M
AGE
52
TENURE
15.4 yrs

Sam Pollock

TITLE
Managing Partner & CEO of Infrastructure
COMPENSATION
$4M
AGE
52

Brian Kingston

TITLE
Managing Partner & CEO of Real Estate
COMPENSATION
$4M
AGE
44

Jim Reid

TITLE
Managing Partner & Chief Investment Officer of Private Equity and Energy
AGE
52
TENURE
16 yrs

David Nowak

TITLE
Managing Partner of Private Equity
AGE
48

Pierre McNeil

TITLE
Managing Director of Private Equity
AGE
55

Len Chersky

TITLE
Managing Partner of Private Equity
Board of Directors Tenure

Average tenure and age of the Brookfield Asset Management board of directors in years:

10
Average Tenure
62.5
Average Age
  • The average tenure for the Brookfield Asset Management board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Frank McKenna

TITLE
Chairman of the Board
COMPENSATION
$500K
AGE
70
TENURE
8.8 yrs

James Flatt

TITLE
CEO, Managing Partner & Director
COMPENSATION
$5M
AGE
53
TENURE
18.2 yrs

Jeff Blidner

TITLE
Vice Chairman of the Board
AGE
70
TENURE
0.3 yrs

Brian Lawson

TITLE
Managing Partner
COMPENSATION
$2M
AGE
59
TENURE
1 yrs

Ron Bloom

TITLE
Managing Partner of Private Equity
AGE
62

Harry Goldgut

TITLE
Vice Chairman of Infrastructure & Power
COMPENSATION
$325K
AGE
62

Marcel Coutu

TITLE
Independent Director
COMPENSATION
$250K
AGE
64
TENURE
13.2 yrs

V. Kempston Darkes

TITLE
Independent Director
COMPENSATION
$215K
AGE
69
TENURE
11.2 yrs

Diana Taylor

TITLE
Independent Director
COMPENSATION
$215K
AGE
63
TENURE
7.1 yrs

Bob Harding

TITLE
Director
COMPENSATION
$200K
AGE
60
TENURE
27.1 yrs
Who owns this company?
Recent Insider Trading
  • Brookfield Asset Management insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
14. Jun 19 Sell Jack Cockwell Individual 13. Jun 19 13. Jun 19 -100,000 CA$63.36 CA$-6,336,290
12. Jun 19 Sell Jack Cockwell Individual 07. Jun 19 07. Jun 19 -100,000 CA$63.58 CA$-6,358,000
05. Jun 19 Sell Jack Cockwell Individual 04. Jun 19 05. Jun 19 -213,000 CA$62.70 CA$-13,269,579
30. May 19 Sell Jack Cockwell Individual 27. May 19 27. May 19 -31,250 CA$62.75 CA$-1,960,906
24. May 19 Sell Jack Cockwell Individual 21. May 19 21. May 19 -187,000 CA$64.38 CA$-12,039,060
16. May 19 Sell Jack Cockwell Individual 13. May 19 14. May 19 -300,000 CA$64.00 CA$-19,049,474
28. Mar 19 Sell Timothy Price Individual 26. Mar 19 26. Mar 19 -100,000 CA$61.76 CA$-6,176,300
25. Mar 19 Sell Timothy Price Individual 21. Mar 19 21. Mar 19 -100,000 CA$62.00 CA$-6,200,000
20. Mar 19 Sell Timothy Price Individual 20. Mar 19 20. Mar 19 -200,000 CA$62.00 CA$-12,400,000
25. Feb 19 Sell The Robert Harding Foundation, Endowment Arm Company 19. Feb 19 19. Feb 19 -26,000 CA$58.54 CA$-1,521,988
20. Dec 18 Sell Brian Lawson Individual 19. Dec 18 19. Dec 18 -14,000 CA$54.12 CA$-757,680
20. Dec 18 Buy Brian Lawson Individual 19. Dec 18 19. Dec 18 14,000 CA$54.12 CA$757,680
07. Dec 18 Sell The Robert Harding Foundation, Endowment Arm Company 04. Dec 18 05. Dec 18 -30,900 CA$58.81 CA$-1,794,609
03. Dec 18 Buy The Robert Harding Foundation, Endowment Arm Company 28. Nov 18 28. Nov 18 81,198 CA$58.89 CA$4,781,750
03. Dec 18 Sell The Robert Harding Foundation, Endowment Arm Company 30. Nov 18 03. Dec 18 -24,298 CA$58.28 CA$-1,411,484
03. Dec 18 Sell Robert Harding Individual 28. Nov 18 28. Nov 18 -81,198 CA$58.89 CA$-4,781,750
28. Nov 18 Sell Brian Lawson Individual 27. Nov 18 27. Nov 18 -17,000 CA$59.00 CA$-1,003,000
28. Nov 18 Buy Brian Lawson Individual 27. Nov 18 27. Nov 18 17,000 CA$59.00 CA$1,003,000
28. Nov 18 Sell Brian Lawson Individual 27. Nov 18 27. Nov 18 -17,000 CA$58.59 CA$-996,030
23. Nov 18 Sell Brian Lawson Individual 20. Nov 18 20. Nov 18 -16,000 CA$57.59 CA$-921,440
23. Nov 18 Buy Brian Lawson Individual 20. Nov 18 20. Nov 18 16,000 CA$57.59 CA$921,440
01. Oct 18 Sell Timothy Price Individual 26. Sep 18 26. Sep 18 -50,000 CA$58.00 CA$-2,900,000
17. Aug 18 Sell Partners Limited Company 13. Aug 18 14. Aug 18 -73,100 CA$57.00 CA$-4,164,558
16. Aug 18 Sell Partners Limited Company 15. Aug 18 15. Aug 18 -180,900 CA$57.00 CA$-10,312,024
16. Aug 18 Sell Timothy Price Individual 16. Aug 18 16. Aug 18 -47,800 CA$57.25 CA$-2,736,550
15. Aug 18 Sell Richard Clark Individual 13. Aug 18 14. Aug 18 -31,975 CA$56.93 CA$-1,819,514
13. Aug 18 Sell Timothy Price Individual 10. Aug 18 10. Aug 18 -2,200 CA$57.39 CA$-126,250
13. Aug 18 Sell Richard Clark Individual 10. Aug 18 10. Aug 18 -81,587 CA$57.06 CA$-4,655,750
13. Aug 18 Buy Youssef Nasr Individual 13. Aug 18 13. Aug 18 2,000 CA$57.11 CA$114,227
X
Management checks
We assess Brookfield Asset Management's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Brookfield Asset Management has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BAM.A News

Simply Wall St News

How Has Brookfield Asset Management Inc's (TSE:BAM.A) Performed Against The Industry?

In this article, I will take a look at Brookfield Asset Management Inc's (TSE:BAM.A) most recent earnings update (31 March 2018) and compare these latest figures against its performance over the past few years, along with how the rest of BAM.A's industry performed. … How Did BAM.A's Recent Performance Stack Up Against Its Past. … BAM.A's trailing twelve-month earnings (from 31 March 2018) of US$2.21b has

Simply Wall St -

Should Brookfield Asset Management Inc (TSE:BAM.A) Be Part Of Your Portfolio?

Over the past 10 years, Brookfield Asset Management Inc (TSE:BAM.A) has returned an average of 2.00% per year to shareholders in terms of dividend yield. … Does Brookfield Asset Management tick all the boxes of a great dividend stock? … View out our latest analysis for Brookfield Asset Management

Simply Wall St -

Should You Buy Brookfield Asset Management Inc (TSE:BAM.A)?

Today we're going to take a look at the well-established Brookfield Asset Management Inc (TSE:BAM.A). … As a large-cap stock, it seems odd Brookfield Asset Management is not more well-covered by analysts. … Let’s examine Brookfield Asset Management’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Should You Sell Brookfield Asset Management Inc (TSE:BAM.A) At This PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for BAM.A Price per share = $40.54 Earnings per share = $2.019 ∴ Price-Earnings Ratio = $40.54 ÷ $2.019 = 20.1x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you accidentally compared lower growth firms with BAM.A, then BAM.A’s P/E would naturally be higher since investors would reward BAM.A’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with BAM.A, BAM.A’s P/E would again be higher since investors would reward BAM.A’s lower risk with a higher price as well.

Simply Wall St -

At $49.32, Is It Time To Buy Brookfield Asset Management Inc (TSE:BAM.A)?

Let’s take a look at Brookfield Asset Management’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … Furthermore, Brookfield Asset Management’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

Does Brookfield Asset Management Inc (TSE:BAM.A) Have A Place In Your Portfolio?

Does Brookfield Asset Management tick all the boxes of a great dividend stock? … See our latest analysis for Brookfield Asset Management 5 questions I ask before picking a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is its annual yield among the top 25% of dividend-paying companies? … Relative to peers, Brookfield Asset Management produces a yield of 1.50%, which is on the low-side for Capital Markets stocks.Next Steps: Whilst there are few things you may like about Brookfield Asset Management from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor.

Simply Wall St -

Brookfield Asset Management Inc (TSE:BAM.A): Should The Recent Earnings Drop Worry You?

After reading Brookfield Asset Management Inc's (TSX:BAM.A) most recent earnings announcement (30 September 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … For Brookfield Asset Management, its most recent earnings (trailing twelve month) is US$450.00M, which compared to last year’s level, has plunged by a substantial -77.75%. … Since these values are somewhat myopic, I’ve determined an annualized five-year figure for Brookfield Asset Management's earnings, which stands at US$1.88B This doesn't look much better, as earnings seem to have gradually been deteriorating over the longer term.

Simply Wall St -

Who Are The Major Shareholders In Brookfield Asset Management Inc (TSE:BAM.A)?

TSX:BAM.A Insider_trading Feb 1st 18 General Public Ownership The general public holds a substantial 21.59% stake in BAM.A, making it a highly popular stock among retail investors. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … However, an ownership of this size may be relatively insignificant, meaning that these shareholders may not have the potential to influence BAM.A's business strategy.

Simply Wall St -

When Should You Buy Brookfield Asset Management Inc (TSE:BAM.A)?

Brookfield Asset Management Inc (TSX:BAM.A) had a relatively subdued couple of weeks in terms of changes in share price, which continued to float around the range of CA$52.51 to CA$56.39. … Let’s take a look at Brookfield Asset Management’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … If you believe Brookfield Asset Management should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.

Simply Wall St -

Does Brookfield Asset Management Inc's (TSE:BAM.A) PE Ratio Signal A Selling Opportunity?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for BAM.A Price per share = $43.83 Earnings per share = $0.469 ∴ Price-Earnings Ratio = $43.83 ÷ $0.469 = 93.4x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared riskier firms with BAM.A, then investors would naturally value BAM.A at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with BAM.A, investors would also value BAM.A at a higher price since it is a higher growth investment.

Simply Wall St -

BAM.A Company Info

Description

Brookfield Asset Management Inc. is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies. The firm invest in attractive businesses through the public debt and equity markets or by providing financing. The firm invest in Business services, Industrials and Residential sectors. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services. Through its subsidiaries, the firm operates hydroelectric power facilities, interconnections and transmission facilities in Northeast North America, and development of wind power in Canada. Through its subsidiaries, it invests in specialty funds including private equity and makes direct investments in real estate, energy, and resource assets. The firm launches and manages equity and fixed income mutual funds. It also manages real estate and hedge funds. The firm invests in equity and fixed income markets across the globe. It also invest in British Columbia, United States, Brazil, Australia, Chile, Uruguay, New Zealand. It prefers to invest between $2 million and $500 million in its portfolio companies. The firm also prefers to take both minority and majority stakes in its companies. It was formerly known as Brascan Corp. Brookfield Asset Management Inc. is based in Toronto, Canada with additional offices in Bogota, Colombia, Rio de Janeiro, Brazil, Calgary, Canada, Dubai, United Arab Emirates, Gatineau, Canada, Hong Kong, Hong Kong, London, United Kingdom, Melbourne, Australia, Montreal, Canada, Mumbai, India, New York City, Perth, Australia, Shanghai, China, and Sydney, Australia.

Details
Name: Brookfield Asset Management Inc.
BAM.A
Exchange: TSX
Founded: 1997
CA$60,417,817,357
955,373,456
Website: http://www.brookfield.com
Address: Brookfield Asset Management Inc.
Brookfield Place,
Suite 300,
Toronto,
Ontario, M5J 2T3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX BAM.A Class A Common Shares The Toronto Stock Exchange CA CAD 11. Aug 1997
NYSE BAM Class A Common Shares New York Stock Exchange US USD 11. Aug 1997
DB BKAA Class A Common Shares Deutsche Boerse AG DE EUR 11. Aug 1997
TSX BAM.PRG PFD A SER 9 The Toronto Stock Exchange CA CAD 24. Oct 2001
TSX BAM.PRM PFD SER17 CL A The Toronto Stock Exchange CA CAD 20. Nov 2006
TSX BAM.PRR PRF SHS CL A S24 The Toronto Stock Exchange CA CAD 15. Jan 2010
TSX BAM.PRT PFD SHS SER 26 The Toronto Stock Exchange CA CAD 29. Oct 2010
TSX BAM.PFA CUM CLA PF S32 The Toronto Stock Exchange CA CAD 13. Mar 2012
TSX BAM.PFI PREF A SER 46% The Toronto Stock Exchange CA CAD 18. Nov 2016
TSX BAM.PFG PFD-42 CL A The Toronto Stock Exchange CA CAD 09. Oct 2014
TSX BAM.PFE PREF CL A SER 38 The Toronto Stock Exchange CA CAD 13. Mar 2014
TSX BAM.PFC PREF CL A S 36 The Toronto Stock Exchange CA CAD 27. Nov 2012
OTCPK BAMG.F PRF SHS CL A S24 Pink Sheets LLC US USD 15. Jan 2010
Number of employees
Current staff
Staff numbers
100,000
Brookfield Asset Management employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 00:00
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/06/09
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.