Brookfield Asset Management Ltd. Class A (TSE:BAM)
TSX:BAM
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Brookfield Asset Management Ltd. Class A
(TSX:BAM)
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Rating:73Outperform
Price Target:
C$72.00
â–˛(19.07% Upside)
Action:UpgradedDate:03/06/26
The score is driven primarily by strong financial performance (high current profitability, growth, and reasonable leverage) and a positive earnings-call outlook with supportive guidance and operating momentum. These are tempered by weak technical conditions (price below key moving averages with negative MACD) and a valuation that looks expensive on P/E despite a supportive dividend yield.
Positive Factors
Record fundraising and deployment
Sustained, large-scale fundraising and record capital deployment expand fee-bearing pools and create scale advantages. Over 2–6 months this supports recurring base fees, enhances deal flow, and strengthens Brookfield’s ability to originate proprietary, long-duration assets that underpin durable fee growth.
Negative Factors
Multi-year revenue and cash volatility
Historic swings in reported revenue and operating cash flow indicate uneven realization timing for private-assets and carry. Over the medium term this makes distributable earnings and performance-fee recognition lumpy, complicates cash forecasting, and raises execution risk for payout policies and reinvestment.
Read all positive and negative factors
Positive Factors
Negative Factors
Record fundraising and deployment
Sustained, large-scale fundraising and record capital deployment expand fee-bearing pools and create scale advantages. Over 2–6 months this supports recurring base fees, enhances deal flow, and strengthens Brookfield’s ability to originate proprietary, long-duration assets that underpin durable fee growth.
Read all positive factors
Brookfield Asset Management Ltd. Class A (BAM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$99.06B
Dividend Yield3.37%
Average Volume (3M)1.51M
Price to Earnings (P/E)33.4
Beta (1Y)1.36
Revenue Growth597.75%
EPS Growth50.43%
CountryCA
Employees2,500
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.64
Shares Outstanding1,638,147,600
10 Day Avg. Volume2,296,543
30 Day Avg. Volume1,508,740
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)9.49
Price to Sales (P/S)18.32
P/FCF Ratio36.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$87.65Price Target Upside44.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)2.55
Revenue Forecast (FY)C$8.57B
Brookfield Asset Management Ltd. Class A Business Overview & Revenue Model
Company Description
Brookfield Asset Management Ltd. provides alternative asset management services. Its renewable power and transition business includes the ownership, operation, and development of hydroelectric, wind, solar, and energy transition power generating a...
How the Company Makes Money
Brookfield Asset Management generates revenue primarily through management fees, performance fees, and investment income. The company earns management fees from its various funds and investment vehicles, which are calculated as a percentage of the...
Brookfield Asset Management Ltd. Class A Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call communicates strong operational and financial momentum: record fundraising, investments, FRE/DE growth, robust credit and AI infrastructure initiatives, incremental FRE from strategic transactions, and a 15% dividend increase. Headwinds are manageable — Oaktree's lower margins will reduce reported consolidated margins, modest retail redemptions occurred, and some sequential revenue moves include one-offs and presentation changes. Management expects 2026 to be at or above long-term targets, supported by >$200M incremental FRE from closed/accretive transactions and continued fundraising momentum.Positive Updates
Record Capital Raising and Investment Activity
Raised $112 billion of capital during 2025 and invested a record $66 billion into assets across renewables, infrastructure, private equity and real estate, demonstrating strong investor demand and active deployment.
Negative Updates
Oaktree Integration Impacts on Consolidated Margins
Acquiring the remaining 26% of Oaktree strengthens the platform but will lower consolidated FRE margins because Oaktree operates at lower and near-cyclical-low margins, reducing reported margin percentages despite being accretive to FRE dollar growth.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Capital Raising and Investment Activity
Raised $112 billion of capital during 2025 and invested a record $66 billion into assets across renewables, infrastructure, private equity and real estate, demonstrating strong investor demand and active deployment.
Read all positive updates
Company Guidance
Management guided that 2026 should be “at or above” its long‑term targets (mid‑to‑high‑teens FRE growth, a plan to double the business by 2030 and ~15% annualized earnings growth), supported by strong 2025 execution: $112bn of capital raised, $66bn invested, $50bn of equity monetized, $75bn of capital became fee‑bearing (and $16bn of previously raised capital was deployed), fee‑bearing capital up 12% (+$64bn) to ~$603bn, FRE $3.0bn for the year (Q4 FRE $867m, +28% YoY, $0.53/sh; margins 61% Q4 / 58% FY), distributable earnings $2.7bn (Q4 DE $767m, +18%, $0.47/sh), a record Q4 fundraising $35bn (credit $23bn), an AI infrastructure program targeting $100bn with $5bn already committed to the $10bn inaugural fund and a $20bn JV, expected incremental >$200m of annualized FRE from Oaktree/Just Group/Q4 acquisitions, ~$3bn corporate liquidity, ~$130bn uncalled commitments, and a 15% dividend increase to $0.50025 quarterly ($2.01 annualized) with a target payout around 95%.Brookfield Asset Management Ltd. Class A Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.61B | 482.00M | 383.00M | 0.00 | 2.79B |
| Gross Profit | 3.23B | 114.00M | 57.00M | 37.00M | 2.08B |
| EBITDA | 3.23B | 677.00M | 522.00M | 35.00M | 3.74B |
| Net Income | 2.53B | 541.00M | 451.00M | 19.00M | 1.87B |
Balance Sheet | |||||
| Total Assets | 17.02B | 4.39B | 3.21B | 3.16B | 25.64B |
| Cash, Cash Equivalents and Short-Term Investments | 1.58B | 12.00M | 9.00M | 1.00M | 2.49B |
| Total Debt | 2.93B | 219.00M | 256.00M | 3.00M | 461.00M |
| Total Liabilities | 6.73B | 1.11B | 1.12B | 784.00M | 11.24B |
| Stockholders Equity | 8.90B | 3.25B | 2.08B | 2.38B | 9.87B |
Cash Flow | |||||
| Free Cash Flow | 2.31B | 627.00M | 508.00M | -387.00M | 1.41B |
| Operating Cash Flow | 2.31B | 627.00M | 508.00M | -374.00M | 1.44B |
| Investing Cash Flow | -344.93M | -41.00M | -41.00M | 1.71B | -861.00M |
| Financing Cash Flow | -774.32M | -583.00M | -459.00M | -280.00M | -187.00M |
Brookfield Asset Management Ltd. Class A Technical Analysis
Negative
60.47
Price Trends
65.73
Negative
69.14
Negative
73.67
Negative
Market Momentum
-1.88
Negative
41.72
Neutral
47.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BAM, the sentiment is Negative. The current price of 60.47 is below the 20-day moving average (MA) of 61.19, below the 50-day MA of 65.73, and below the 200-day MA of 73.67, indicating a bearish trend. The MACD of -1.88 indicates Negative momentum. The RSI at 41.72 is Neutral, neither overbought nor oversold. The STOCH value of 47.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BAM.
Brookfield Asset Management Ltd. Class A Risk Analysis
Brookfield Asset Management Ltd. Class A disclosed 39 risk factors in its most recent earnings report. Brookfield Asset Management Ltd. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
AI may be used more effectively by our competitors and our employees or third parties may inappropriately use the technology. Q4, 2025
Brookfield Asset Management Ltd. Class A Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$4.76B | 36.86 | 20.71% | 1.32% | 35.51% | 7.55% | |
73 Outperform | C$99.06B | 33.39 | 41.10% | 3.37% | 597.75% | 50.43% | |
71 Outperform | C$15.24B | 13.28 | 12.37% | 3.59% | -1.02% | -5.65% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | C$7.71B | 9.04 | 7.20% | 0.36% | 2.46% | -27.48% | |
50 Neutral | C$134.62B | 77.55 | 2.81% | 0.53% | -19.04% | 17.82% | |
47 Neutral | C$4.33B | -2.93 | 249.84% | 0.71% | -0.16% | -2945.66% |
* Financial Sector Average
TSE:BAM
Brookfield Asset Management Ltd. Class A
60.47
-6.67
-9.93%
TSE:BN
Brookfield Corporation
54.95
5.78
11.75%
TSE:IGM
IGM Financial
65.10
22.80
53.91%
TSE:ONEX
ONEX Corporation
101.10
6.29
6.63%
TSE:SII
Sprott
184.67
122.35
196.32%
TSE:BBUC
Brookfield Business Corp. Class A
45.63
7.18
18.66%
Brookfield Asset Management Ltd. Class A Corporate Events
Business Operations and StrategyExecutive/Board ChangesDividendsFinancial Disclosures
Brookfield Asset Management Posts Record 2025 Results, Hikes Dividend and Names New CEO
Positive
Feb 4, 2026
Brookfield Asset Management reported its strongest quarterly and full-year results since listing, with record 2025 fee-related earnings of $3.0 billion and distributable earnings of $2.7 billion, driven by robust fundraising, capital deployment an...
Business Operations and Strategy
Brookfield’s 2026 Outlook: Embracing a Transformative Investment Era
Positive
Dec 16, 2025
Brookfield Asset Management has released its 2026 Investment Outlook, highlighting a transformative period for global markets driven by rising electricity demand, AI adoption, and supply chain reorientation. The company emphasizes the importance o...
Business Operations and StrategyPrivate Placements and Financing
Brookfield and Qai Launch $20 Billion AI Infrastructure Partnership
Positive
Dec 9, 2025
Brookfield Asset Management Ltd. and Qatar’s AI company, Qai, have announced a $20 billion strategic partnership to develop AI infrastructure in Qatar and select international markets. This joint venture aims to position Qatar as a leading h...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.