NYSE:BAM

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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

Second-rate dividend payer with moderate growth potential.


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 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.


Market Performance


7 Day Return

0.5%

BAM

0.2%

US Capital Markets

-1.4%

US Market


1 Year Return

4.3%

BAM

33.4%

US Capital Markets

37.1%

US Market

Return vs Industry: BAM underperformed the US Capital Markets industry which returned 29% over the past year.

Return vs Market: BAM underperformed the US Market which returned 34.1% over the past year.


Shareholder returns

BAMIndustryMarket
7 Day0.5%0.2%-1.4%
30 Day14.7%7.6%1.6%
90 Day6.4%18.4%7.3%
1 Year6.0%4.3%36.8%33.4%40.2%37.1%
3 Year78.1%71.3%41.4%30.9%62.5%52.1%
5 Year131.1%112.1%152.2%120.9%133.9%108.0%

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?

2.1x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BAM ($44.21) is trading above our estimate of fair value ($12.66)

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


Price To Earnings Ratio

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

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


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 (2.1x) compared to the US Capital Markets industry average (10.6x).


Next Steps

Future Growth

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

78.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BAM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

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

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

Revenue vs Market: BAM's revenue is expected to decline over the next 3 years (-9.8% per year).

High Growth Revenue: BAM's revenue is forecast to decline over the next 3 years (-9.8% 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 (3%).


Next Steps

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 is currently unprofitable.

Growing Profit Margin: BAM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BAM 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's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BAM is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (7.6%).


Return on Equity

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


Next Steps

Financial Health

How is Brookfield Asset Management's financial position?


Financial Position Analysis

Short Term Liabilities: BAM's short term assets ($45.1B) do not cover its short term liabilities ($53.0B).

Long Term Liabilities: BAM's short term assets ($45.1B) do not cover its long term liabilities ($168.0B).


Debt to Equity History and Analysis

Debt Level: BAM's debt to equity ratio (116.5%) is considered high.

Reducing Debt: BAM's debt to equity ratio has increased from 105.5% to 116.5% over the past 5 years.

Debt Coverage: BAM's debt is not well covered by operating cash flow (5.3%).

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


Balance Sheet


Next Steps

Dividend

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

1.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BAM's dividend (1.18%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: BAM's dividend (1.18%) is low compared to the top 25% of dividend payers in the US market (3.75%).


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: BAM is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: BAM's dividends in 3 years are forecast to be thoroughly covered by earnings (13.2% payout ratio).


Next Steps

Management

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

5.1yrs

Average management tenure


CEO

James Flatt (55 yo)

19yrs

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 ($USD6.58M) is below average for companies of similar size in the US market ($USD10.54M).

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


Leadership Team

NamePositionTenureCompensationOwnership
James Flatt
Managing Partner19yrsUS$6.58m3.93%
$ 2.6b
Sachin Shah
Managing Partner & Chief Investment Officer0.33yrUS$11.40m0.43%
$ 280.6m
Cyrus Madon
Managing Partner & CEO of Private Equity Group17.08yrsUS$3.80m0.62%
$ 407.4m
Samuel Pollock
Managing Partner & CEO of Infrastructureno dataUS$3.81m1.24%
$ 816.5m
Brian Kingston
Managing Partner & CEO of Real Estate14.08yrsUS$5.66m0.21%
$ 139.7m
Anuj Ranjan
Managing Partner2.08yrsno datano data
Mark Carney
Vice Chair and Head of ESG & Impact Investing0.50yrno datano data
James Reid
Managing Partner & Chief Investment Officer of Private Equity and Energy17.67yrsno datano data
David Nowak
Managing Partner of Private Equityno datano datano data
Pierre McNeil
Managing Director of Private Equityno datano datano data
Nicholas Goodman
Managing Partner & CFO1yrno data0.075%
$ 49.6m
Lori Pearson
Managing Partner & COO5.08yrsno data0.12%
$ 80.0m

5.1yrs

Average Tenure

54yo

Average Age

Experienced Management: BAM's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Flatt
Managing Partner19yrsUS$6.58m3.93%
$ 2.6b
Mark Carney
Vice Chair and Head of ESG & Impact Investing0.50yrno datano data
Ron Bloom
Managing Partner of Private Equityno datano datano data
Marcel Coutu
Independent Director14.83yrsUS$265.00k0.0079%
$ 5.2m
Harry Goldgut
Vice Chair of Infrastructure & Renewable Powerno dataUS$216.74kno data
Jack Cockwell
Director41.42yrsUS$117.00k1.23%
$ 805.8m
Francis McKenna
Independent Chairman of the Board10.5yrsUS$500.00kno data
Maureen Kempston Darkes
Independent Director12.83yrsUS$215.00kno data
Jeffrey Blidner
Vice Chairman of the Board4.08yrsno data0.67%
$ 439.8m
Brian Lawson
Vice Chairman1.08yrsUS$2.37m1.07%
$ 702.7m
Ngee Huat Seek
Independent Director8.25yrsUS$230.00k0.0020%
$ 1.3m
Diana Taylor
Independent Director8.75yrsUS$215.00kno data

9.6yrs

Average Tenure

65.5yo

Average Age

Experienced Board: BAM's board of directors are considered experienced (9.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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
  • Exchange: NYSE
  • Founded: 1997
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: CA$82.493b
  • Listing Market Cap: CA$65.705b
  • Shares outstanding: 1.52b
  • Website: https://www.brookfield.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BAM.ATSX (The Toronto Stock Exchange)YesClass A Common SharesCACADAug 1997
BAMNYSE (New York Stock Exchange)YesClass A Common SharesUSUSDAug 1997
BKAADB (Deutsche Boerse AG)YesClass A Common SharesDEEURAug 1997
0KEHLSE (London Stock Exchange)YesClass A Common SharesGBEURAug 1997
BAM.PRGTSX (The Toronto Stock Exchange)PFD A SER 9CACADOct 2001
BAM.PRMTSX (The Toronto Stock Exchange)4.75% PFD17 CL ACACADNov 2006
BAM.PRRTSX (The Toronto Stock Exchange)CV CL A PFD 24CACADJan 2010
BAMG.FOTCPK (Pink Sheets LLC)CV CL A PFD 24USUSDJan 2010
BAM.PRTTSX (The Toronto Stock Exchange)PFD SHS SER 26CACADOct 2010
BAMK.FOTCPK (Pink Sheets LLC)PFD SHS SER 26USUSDOct 2010
BAM.PFATSX (The Toronto Stock Exchange)CUM CLA PF S32CACADMar 2012
BAM.PFBTSX (The Toronto Stock Exchange)PREF CL A SER 34CACADSep 2012
BAM.PFCTSX (The Toronto Stock Exchange)PREF CL A S 36CACADNov 2012
BAM.PFETSX (The Toronto Stock Exchange)PREF CL A SER 38CACADMar 2014
BAM.PFGTSX (The Toronto Stock Exchange)PFD-42 CL ACACADOct 2014
BAM.PFITSX (The Toronto Stock Exchange)PREF A SER 46%CACADNov 2016
B1AM34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 4 REPR 1 COM NPVBRBRLOct 2020

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 Analysis2021/02/24 23:50
End of Day Share Price2021/02/24 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.