Brookfield Asset Management Ltd. Class A (BAM) AI Stock Analysis

• Market Cap: C$105.74B
• Dividend Yield: 3.37%
• Average Volume (3M): 1.51M
• Price to Earnings (P/E): 33.4
• Beta (1Y): 1.49
• Revenue Growth: 597.75%
• EPS Growth: 50.43%
• Country: CA
• Employees: 2,500
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.64
• Shares Outstanding: 1,637,879,600
• 10 Day Avg. Volume: 2,296,543
• 30 Day Avg. Volume: 1,508,740
• PEG Ratio: -2.31
• Price to Book (P/B): 26.83
• Price to Sales (P/S): 180.76
• P/FCF Ratio: 138.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$88.09
• Price Target Upside: 36.45% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): 2.55
• Revenue Forecast (FY): C$8.57B

• Rating: 73 Outperform
• Price Target: C$72.00 ▲(11.52% Upside)
• Action: Upgraded Date: 03/06/26
• Date: Action: Upgraded 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.

Growing fee-bearing capital and recurring earnings

A rising base of fee-bearing capital and record fee-related/distributable earnings point to durable, contractually-linked revenue. This enlarges predictable management fees, smooths revenue mix versus one-off realizations, and supports sustainable cash generation and fee cadence across market cycles.

Strategic AI infrastructure program and partnerships

Building a large, dedicated AI infrastructure platform with anchor commitments and a major JV creates a new, long-duration fee pool. Structural demand for data-center and infrastructure assets can produce durable contracted cashflows and further diversify fee streams over multiple years.

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.

Oaktree integration reduces consolidated margins

While Oaktree boosts fee dollars, its lower-margin profile will compress reported consolidated FRE margins. Over months this can mute margin expansion narratives, reduce consolidated operating leverage, and complicate investors’ assessment of core margin sustainability despite dollar-level accretion.

Investment and realization outcomes are market-dependent

Brookfield’s earnings and carried-interest crystallization rely on transactions and exits sensitive to market liquidity and valuations. If markets weaken, timing and size of monetizations could slip, reducing performance fees and slowing FRE/DE growth that underpin medium-term profitability.

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 assets. The company's infrastructure business engages in the ownership, operation, and development of utilities, transport, midstream, data and sustainable resource assets. In addition, its private equity business offers business, infrastructure, and industrials services; and real estate business, which includes core investments, and transitional and development investments. Further, the company engages in the residential development business including homebuilding, and condominium and land development. The company was incorporated in 2022 and is headquartered in Toronto, Canada.

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 assets under management (AUM). Additionally, BAM receives performance fees based on the returns generated by its investments, particularly in private equity and real estate sectors. Investment income is derived from its ownership stakes in the assets it manages, including dividends from publicly traded companies and distributions from private investments. Significant partnerships, including those with institutional investors and joint ventures in various projects, also contribute to its earnings, enhancing its ability to leverage capital and manage diverse investment strategies effectively.

Brookfield Asset Management Ltd. Class A Financial Statement Overview

Summary

Strong TTM profitability (net margin above 50%) and robust TTM revenue growth (~36%) support a high score. Balance sheet leverage appears manageable (debt-to-equity ~0.33) with strong ROE (~29%), and free cash flow broadly matches net income. The main constraint is meaningful multi-year volatility (including a year with zero reported revenue and negative operating cash flow in 2022), reducing confidence in stability.

Income Statement

Profitability is very strong in TTM (Trailing-Twelve-Months), with high gross and operating profitability and a net margin above 50%. Revenue growth is also robust in TTM (Trailing-Twelve-Months) (~36%), indicating strong momentum. The main weakness is volatility and inconsistencies across years (including a year with zero reported revenue and large swings in margins), which reduces confidence in trend stability.

Balance Sheet

Leverage looks manageable in TTM (Trailing-Twelve-Months), with debt modest relative to equity (debt-to-equity ~0.33) and a strong return on equity (~29%). Equity has also remained sizable versus total assets, supporting balance-sheet resilience. The key risk is variability in leverage over time (notably much higher debt-to-equity in 2020 versus later years), suggesting the capital structure can shift meaningfully with market conditions or strategy.

Cash Flow

Cash generation is solid in TTM (Trailing-Twelve-Months), with free cash flow roughly matching net income and strong free-cash-flow growth (~36%). However, cash conversion versus reported profitability appears uneven across periods, and operating cash flow was materially negative in 2022—highlighting potential volatility in cash realization and timing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.89B	482.00M	383.00M	0.00	2.79B	2.25B
Gross Profit	3.72B	114.00M	57.00M	37.00M	2.08B	1.73B
EBITDA	2.89B	677.00M	522.00M	35.00M	3.74B	1.18B
Net Income	2.49B	541.00M	451.00M	19.00M	1.87B	398.00M
Balance Sheet
Total Assets	17.02B	4.39B	3.21B	3.16B	25.64B	22.47B
Cash, Cash Equivalents and Short-Term Investments	1.58B	12.00M	9.00M	1.00M	2.49B	2.10B
Total Debt	2.93B	219.00M	256.00M	3.00M	461.00M	4.78B
Total Liabilities	6.73B	1.11B	1.12B	784.00M	11.24B	10.52B
Stockholders Equity	8.90B	3.25B	2.08B	2.38B	9.87B	9.10B
Cash Flow
Free Cash Flow	2.38B	627.00M	508.00M	-387.00M	1.41B	1.77B
Operating Cash Flow	2.38B	627.00M	508.00M	-374.00M	1.44B	1.79B
Investing Cash Flow	-658.70M	-41.00M	-41.00M	1.71B	-861.00M	-759.00M
Financing Cash Flow	-541.78M	-583.00M	-459.00M	-280.00M	-187.00M	-576.00M

Brookfield Asset Management Ltd. Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 64.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 64.56 is below the 20-day moving average (MA) of 67.28, below the 50-day MA of 69.52, and below the 200-day MA of 74.84, indicating a bearish trend. The MACD of -1.57 indicates Positive momentum. The RSI at 41.57 is Neutral, neither overbought nor oversold. The STOCH value of 25.22 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 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SII	78 Outperform	C$5.63B	36.86	14.90%	1.32%	35.51%	7.55%
IGM	75 Outperform	$15.98B	13.28	12.37%	3.59%	-1.02%	-5.65%
BAM	73 Outperform	C$105.74B	33.39	41.10%	3.37%	597.75%	50.43%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BN	65 Neutral	C$142.26B	77.55	2.78%	0.53%	-19.04%	17.82%
ONEX	65 Neutral	C$8.01B	9.04	5.15%	0.36%	2.46%	-27.48%
BBUC	47 Neutral	C$4.54B	-2.93	―	0.71%	-0.16%	-2945.66%

Brookfield Asset Management Ltd. Class A Corporate Events

Brookfield Asset Management Posts Record 2025 Results, Hikes Dividend and Names New CEO

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 and margin expansion. Fee-related earnings rose 28% in the fourth quarter to $867 million, distributable earnings climbed 18% to $767 million, and fee-bearing capital increased 12% year-on-year to $603 billion, supported by a record $35 billion raised in the quarter and $112 billion over the year; on the back of this performance, the board approved a 15% increase in the quarterly dividend to $0.5025 per share and announced a leadership transition with Connor Teskey appointed CEO while Bruce Flatt remains board chair, as the firm pushes into large-scale AI infrastructure, new private equity vehicles and one of the industry’s largest first-time venture secondaries funds, reinforcing its growth trajectory and positioning in alternative assets.

The most recent analyst rating on (TSE:BAM) stock is a Buy with a C$75.00 price target. To see the full list of analyst forecasts on Brookfield Asset Management Ltd. Class A stock, see the TSE:BAM Stock Forecast page.

Brookfield’s 2026 Outlook: Embracing a Transformative Investment Era

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 of disciplined transformation and operational excellence across its sectors. Key investment themes include a supercycle in infrastructure fueled by digitalization and decarbonization, strategic prioritization of power access in renewable energy, and opportunities in private equity driven by industrial transformation. Brookfield’s strategic focus positions it to meet growing demands and support economic growth.

The most recent analyst rating on (TSE:BAM) stock is a Buy with a C$74.00 price target. To see the full list of analyst forecasts on Brookfield Asset Management Ltd. Class A stock, see the TSE:BAM Stock Forecast page.

Brookfield and Qai Launch $20 Billion AI Infrastructure Partnership

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 hub for AI services in the Middle East, leveraging Brookfield’s expertise and Qai’s mission to enhance AI capabilities, thereby attracting investment and talent while supporting Qatar’s National Vision 2030.

The most recent analyst rating on (TSE:BAM) stock is a Hold with a C$80.00 price target. To see the full list of analyst forecasts on Brookfield Asset Management Ltd. Class A stock, see the TSE:BAM Stock Forecast page.