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BAM

Brookfield Asset ManagementNYSE:BAM Stock Report

Last Price

CA$54.87

Market Cap

CA$86.5b

7D

-5.9%

1Y

42.4%

Updated

20 Jan, 2022

Data

Company Financials +
BAM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends3/6

BAM Stock Overview

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

Brookfield Asset Management Competitors

Blackstone

NYSE:BX

US$134.9b

KKR

NYSE:KKR

US$57.5b

Ares Management

NYSE:ARES

US$21.8b

Carlyle Group

NasdaqGS:CG

US$18.0b

Price History & Performance

Summary of all time highs, changes and price drops for Brookfield Asset Management
Historical stock prices
Current Share PriceCA$54.87
52 Week HighCA$62.20
52 Week LowCA$37.76
Beta1.39
1 Month Change-5.17%
3 Month Change-10.06%
1 Year Change42.36%
3 Year Change99.41%
5 Year Change138.00%
Change since IPO2,404.88%

Recent News & Updates

Dec 21

Brookfield Makes A Move Out Of Buffett's Playbook

Brookfield created a new insurance subsidiary and has been after insurance "float". With interest rates so low, it is likely the right time to take the interest rate part of the risk from this insurance "float." It will be interesting to see how big this business gets and how they reinvest this insurance float, it could become a big driver of value in the future.

Shareholder Returns

BAMUS Capital MarketsUS Market
7D-5.9%-5.5%-4.6%
1Y42.4%24.6%7.7%

Return vs Industry: BAM exceeded the US Capital Markets industry which returned 24.6% over the past year.

Return vs Market: BAM exceeded the US Market which returned 7.7% over the past year.

Price Volatility

Is BAM's price volatile compared to industry and market?
BAM volatility
BAM Average Weekly Movement3.8%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: BAM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BAM's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997150,000James Flatthttps://www.brookfield.com

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 private equity assets. Our objective is to generate attractive long-term risk-adjusted returns for the benefit of our clients and shareholders.

Brookfield Asset Management Fundamentals Summary

How do Brookfield Asset Management's earnings and revenue compare to its market cap?
BAM fundamental statistics
Market CapUS$86.51b
Earnings (TTM)US$3.33b
Revenue (TTM)US$73.48b

25.9x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BAM income statement (TTM)
RevenueUS$73.48b
Cost of RevenueUS$53.79b
Gross ProfitUS$19.68b
ExpensesUS$16.35b
EarningsUS$3.33b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 10, 2022

Earnings per share (EPS)2.12
Gross Margin26.79%
Net Profit Margin4.54%
Debt/Equity Ratio134.7%

How did BAM perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

23%

Payout Ratio

Valuation

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

25.95x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BAM ($54.87) is trading above our estimate of fair value ($9.65)

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


Price To Earnings Ratio

PE vs Industry: BAM is poor value based on its PE Ratio (25.9x) compared to the US Capital Markets industry average (15.2x).

PE vs Market: BAM is poor value based on its PE Ratio (25.9x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BAM is good value based on its PB Ratio (2.2x) compared to the US Capital Markets industry average (37.6x).


Future Growth

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

-46.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BAM's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if BAM's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BAM's revenue is expected to decline over the next 3 years (-46.1% per year).

High Growth Revenue: BAM's revenue is forecast to decline over the next 3 years (-46.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BAM's Return on Equity is forecast to be low in 3 years time (13.2%).


Past Performance

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

2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAM has a large one-off gain of $7.0B impacting its September 30 2021 financial results.

Growing Profit Margin: BAM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BAM's earnings have grown by 2.3% per year over the past 5 years.

Accelerating Growth: BAM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BAM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (87.1%).


Return on Equity

High ROE: BAM's Return on Equity (8.7%) is considered low.


Financial Health

How is Brookfield Asset Management's financial position?


Financial Position Analysis

Short Term Liabilities: BAM's short term assets ($39.4B) exceed its short term liabilities ($31.2B).

Long Term Liabilities: BAM's short term assets ($39.4B) do not cover its long term liabilities ($210.7B).


Debt to Equity History and Analysis

Debt Level: BAM's net debt to equity ratio (125.5%) is considered high.

Reducing Debt: BAM's debt to equity ratio has increased from 100.3% to 134.7% over the past 5 years.

Debt Coverage: BAM's debt is not well covered by operating cash flow (5%).

Interest Coverage: BAM's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Dividend

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

0.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BAM's dividend (0.94%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: BAM's dividend (0.94%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.3%), BAM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BAM is forecast to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not forecast to be well covered.


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

James Flatt (56 yo)

19.92yrs

Tenure

US$6,613,280

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 ($USD6.61M) is below average for companies of similar size in the US market ($USD11.31M).

Compensation vs Earnings: James's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BAM's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: BAM's board of directors are seasoned and experienced ( 13.8 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: Brookfield Asset Management Inc.
  • Ticker: BAM
  • Exchange: NYSE
  • Founded: 1997
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: CA$107.841b
  • Listing Market Cap: CA$86.508b
  • Shares outstanding: 1.57b
  • Website: https://www.brookfield.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 23:55
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
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.