Financials Brookfield Asset Management Ltd.

Equities

BAM

CA1130041058

Investment Management & Fund Operators

Delayed Toronto S.E. Other stock markets 02:05:17 2024-05-10 pm EDT			5-day change	1st Jan Change
54.2 ^CAD	-0.93%		+1.27%	+1.82%

May. 09	Brookfield Quarterly Profit Rises, Beating Expectations	DJ
May. 09	Brookfield Reinsurance Brief: Q1 Net income per each class A and A-1 share US$0.08; Declares Regular Quarterly Distribution	MT

Valuation

Fiscal Period: December	2022	2023	2024	2025
Capitalization ¹	11,037	16,700	16,700	-
Enterprise Value (EV) ¹	11,037	15,662	8,716	16,700
P/E ratio	24.4 x	35.8 x	28.1 x	23.8 x
Yield	-	3.2%	3.8%	4.22%
Capitalization / Revenue	2.94 x	3.86 x	3.51 x	3 x
EV / Revenue	2.94 x	3.86 x	1.83 x	3 x
EV / EBITDA	-	-	-	-
EV / FCF	-	-	-	-
FCF Yield	-	-	-	-
Price to Book	-	-	28.2 x	23.1 x
Nbr of stocks (in thousands)	386,021	417,703	417,703	-
Reference price ²	28.59	39.98	39.98	39.98
Announcement Date	2/8/23	2/7/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	75,731	3,759	4,062	4,861	5,737
EBITDA	-	-	-	-	-
EBIT ¹	-	2,742	2,616	2,531	3,137
Operating Margin	-	72.94%	64.4%	52.07%	54.68%
Earnings before Tax (EBT)	-	-	-	3,201	3,922
Net income ¹	-	1,915	1,839	2,784	3,138
Net margin	-	50.94%	45.27%	57.28%	54.7%
EPS ²	2.390	1.170	1.120	1.422	1.678
Free Cash Flow	-	-	-	-	-
FCF margin	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	-	1.280	1.520	1.687
Announcement Date	2/10/22	2/8/23	2/7/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	-	831	958	1,080	985	893	1,130	1,131	1,179	1,239	1,327
EBITDA	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	502	753	590	637	611	715	588.8	599.3	646.2	733.6
Operating Margin	-	60.41%	78.6%	54.63%	64.67%	68.42%	63.27%	52.08%	50.84%	52.16%	55.27%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	700	-	-	-
Net income ¹	668	-	-	-	-	494	374	568.4	656.3	711.8	811.3
Net margin	-	-	-	-	-	55.32%	33.1%	50.27%	55.67%	57.45%	61.13%
EPS	-	-	0.3100	0.3200	0.2800	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	0.3200	0.3200	0.3200	0.3700	0.3800	0.3800	0.3800
Announcement Date	10/19/22	1/12/23	2/8/23	5/10/23	8/9/23	11/6/23	2/7/24	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	-	-	5,707	7,984	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	70.4%	111%	-
ROA (Net income/ Total Assets)	-	-	34%	-	-
Assets ¹	-	-	5,413	-	-
Book Value Per Share	-	-	-	1.420	1.730
Cash Flow per Share	-	-	-	-	-
Capex	-	-	-	-	-
Capex / Sales	-	-	-	-	-
Announcement Date	2/10/22	2/8/23	2/7/24	-	-

¹USD in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Brookfield Asset Management Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

39.98 USD

Average target price

43.44 USD

Spread / Average Target

+8.66%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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