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$73.00
â–²(8.05% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by strong underlying financial performance (high profitability, strong cash generation, attractive ROE) and a supportive earnings call emphasizing growth and fundraising momentum. This is tempered by a more mixed technical picture (below longer-term moving averages) and a relatively high P/E, with added caution from increased leverage and noted credit/margin headwinds.
Positive Factors
High Profitability & ROE
Sustained high net margins and a ~27% ROE signal durable operating leverage from fee and performance businesses. High profitability supports internal capital generation, dividend/distribution capacity and reinvestment into fund‑raising and platform growth over the medium term.
Negative Factors
Rising Leverage
A notable step‑up in leverage increases balance‑sheet sensitivity to interest rates and asset value swings. Higher corporate debt reduces financial flexibility for opportunistic deployments or buybacks and raises refinancing and covenant risks if market conditions deteriorate over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability & ROE
Sustained high net margins and a ~27% ROE signal durable operating leverage from fee and performance businesses. High profitability supports internal capital generation, dividend/distribution capacity and reinvestment into fund‑raising and platform growth over the medium term.
Read all positive factors
Brookfield Asset Management Ltd. Class A (BAM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$108.09B
Dividend Yield3.37%
Average Volume (3M)1.26M
Price to Earnings (P/E)29.7
Beta (1Y)1.37
Revenue Growth247.78%
EPS Growth9.76%
CountryCA
Employees2,500
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)1.55
Shares Outstanding1,638,147,600
10 Day Avg. Volume1,298,732
30 Day Avg. Volume1,258,908
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$81.23Price Target Upside20.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)2.53
Revenue Forecast (FY)C$8.56B
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 primarily makes money by earning fees for managing capital for clients and by earning performance-based income when investments meet agreed return hurdles. Its key revenue streams include: (1) Management fees: recurring...
Brookfield Asset Management Ltd. Class A Earnings Call Summary
Earnings Call Date:May 08, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call emphasized strong operating performance, significant fundraising momentum, strategic M&A (Just Group mandate and pending Oaktree close), robust capital deployment and a favorable positioning into AI and real assets. Management acknowledged some near-term headwinds—pockets of credit stress, margin dilution from Oaktree consolidation, fee-rate noise, and geopolitical uncertainty—but framed these as manageable and as creating opportunity for a disciplined, scale player. Overall, highlights materially outweigh the lowlights.Positive Updates
Strong Fee-Related Earnings Growth
Fee-related earnings (FRE) rose 11% year-over-year in Q1 to $772 million ($0.48 per share); FRE over the last 12 months grew 18% to $3.1 billion.
Negative Updates
Margin Dilution from Oaktree Consolidation
Once Oaktree is consolidated (expected in Q2), reported consolidated margins will be adjusted to include 100% of Oaktree; Oaktree operates at somewhat lower margins which will be dilutive in the near term.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Fee-Related Earnings Growth
Fee-related earnings (FRE) rose 11% year-over-year in Q1 to $772 million ($0.48 per share); FRE over the last 12 months grew 18% to $3.1 billion.
Read all positive updates
Company Guidance
Management reiterated guidance that 2026 should be a record year and exceed long‑term growth targets, noting Q1 fee‑related earnings (FRE) rose 11% to $772M ($0.48/share) with FRE LTM $3.1B (+18%), distributable earnings (DE) were $702M ($0.43/share) up 7% with DE LTM $2.7B, and margins were 57% for the quarter (58% LTM); fundraising and scale remain central—$21B raised in the quarter (YTD $67B, more than half of the $112B raised in 2025), fee‑bearing capital +12% YoY to $614B—with fundraising detail including $3.4B for infrastructure (incl. $800M super‑core now >$20B and $800M infra private wealth now >$8B), $1.4B for private equity (incl. $1B to a PE special situations vehicle with a $2.4B first close) and $13B for credit (incl. $4.7B long‑term private funds, $3.8B from Brookfield Wealth Solutions; 17Capital added $2.5B to reach $7.5B); deployment/monetizations included $34B invested/committed and ~ $8B of equity proceeds; capital allocation actions included $375M buybacks in Q1 plus $200M in Q2 (nearly $800M over seven months), issuance of $1B senior notes ($550M five‑year at 4.832%, $450M ten‑year at 5.298%), ending the quarter with $2.5B corporate liquidity and $2B+ excess debt capacity, an anticipated Oaktree close in Q2, and management expects flagship and catch‑up fees to ramp through the year.Brookfield Asset Management Ltd. Class A Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
73
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.94B | 4.61B | 482.00M | 383.00M | 0.00 | 2.79B |
| Gross Profit | 3.48B | 3.23B | 114.00M | 57.00M | 37.00M | 2.08B |
| EBITDA | 3.14B | 3.23B | 677.00M | 522.00M | 35.00M | 3.74B |
| Net Income | 2.51B | 2.53B | 541.00M | 451.00M | 19.00M | 1.87B |
Balance Sheet | ||||||
| Total Assets | 17.95B | 17.02B | 4.39B | 3.21B | 3.16B | 25.64B |
| Cash, Cash Equivalents and Short-Term Investments | 1.10B | 1.58B | 12.00M | 9.00M | 1.00M | 2.49B |
| Total Debt | 2.93B | 2.93B | 219.00M | 256.00M | 3.00M | 461.00M |
| Total Liabilities | 6.71B | 6.73B | 1.11B | 1.12B | 784.00M | 11.24B |
| Stockholders Equity | 8.59B | 8.90B | 3.25B | 2.08B | 2.38B | 9.87B |
Cash Flow | ||||||
| Free Cash Flow | 2.47B | 2.31B | 627.00M | 508.00M | -387.00M | 1.41B |
| Operating Cash Flow | 2.47B | 2.31B | 627.00M | 508.00M | -374.00M | 1.44B |
| Investing Cash Flow | -499.70M | -344.93M | -41.00M | -41.00M | 1.71B | -861.00M |
| Financing Cash Flow | -1.19B | -774.32M | -583.00M | -459.00M | -280.00M | -187.00M |
Brookfield Asset Management Ltd. Class A Technical Analysis
Neutral
67.56
Price Trends
63.29
Positive
66.41
Negative
71.62
Negative
Market Momentum
0.78
Negative
52.24
Neutral
48.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BAM, the sentiment is Neutral. The current price of 67.56 is above the 20-day moving average (MA) of 65.78, above the 50-day MA of 63.29, and below the 200-day MA of 71.62, indicating a neutral trend. The MACD of 0.78 indicates Negative momentum. The RSI at 52.24 is Neutral, neither overbought nor oversold. The STOCH value of 48.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 0 New Risks
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 |
|---|---|---|---|---|---|---|---|
82 Outperform | C$18.05B | 13.67 | 13.19% | 3.59% | 17.16% | 22.85% | |
77 Outperform | C$4.57B | 44.53 | 24.78% | 1.32% | 115.09% | 68.03% | |
73 Outperform | C$108.09B | 29.74 | 30.06% | 3.37% | 247.78% | 9.76% | |
70 Outperform | C$8.30B | 10.50 | 6.52% | 0.36% | 2.88% | 32.70% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
54 Neutral | C$140.23B | 226.35 | 2.84% | 0.53% | -6.55% | 161.29% | |
50 Neutral | C$9.43B | 46.70 | -58.74% | 0.71% | 38.75% | -3.34% |
* Financial Sector Average
TSE:BAM
Brookfield Asset Management Ltd. Class A
65.98
-14.73
-18.25%
TSE:BN
Brookfield Corporation
62.68
7.32
13.23%
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108.75
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4.23%
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131.88%
TSE:BBUC
Brookfield Business Corp. Class A
45.49
4.48
10.91%
Brookfield Asset Management Ltd. Class A Corporate Events
Financial Disclosures
Brookfield Asset Management Sets Date for Q1 2026 Results Call
Neutral
Apr 8, 2026
Brookfield Asset Management Ltd. has scheduled its first quarter 2026 financial results release for the morning of May 8, 2026, with a conference call and webcast to follow at 10:00 a.m. ET. The results and accompanying materials will be made avai...
Business Operations and StrategyDelistings and Listing ChangesM&A Transactions
Brookfield to Take Boralex Private in $9 Billion Renewable Energy Deal
Positive
Mar 25, 2026
Brookfield Asset Management, together with La Caisse, has agreed to acquire all outstanding Class A common shares of renewable power producer Boralex Inc. for $37.25 per share in cash, valuing the company at about $9 billion in enterprise value. T...
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.