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Brookfield Full Year 2023 Earnings: EPS: US$0.62 (vs US$1.22 in FY 2022)
Brookfield (TSE:BN) Full Year 2023 Results
Key Financial Results
- Revenue: US$98.0b (up 2.7% from FY 2022).
- Net income: US$964.0m (down 49% from FY 2022).
- Profit margin: 1.0% (down from 2.0% in FY 2022).
- EPS: US$0.62 (down from US$1.22 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
The primary driver behind last 12 months revenue was the Private Equity segment contributing a total revenue of US$55.7b (57% of total revenue). Notably, cost of sales worth US$81.4b amounted to 83% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$15.6b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how BN's revenue and expenses shape its earnings.
Brookfield shares are up 2.5% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 4 warning signs for Brookfield you should be aware of, and 2 of them are potentially serious.
Valuation is complex, but we're here to simplify it.
Discover if Brookfield might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:BN
Brookfield
An alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets.