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Brookfield Asset Management Ltd. Class A
(TSX:BAM)
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Rating:78Outperform
Price Target:
C$86.00
▲(18.75% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong fundamental profitability and solid cash generation, reinforced by a very upbeat earnings call highlighting record fundraising and double-digit earnings growth. Technicals add support with price strength above major moving averages and positive momentum. Offsetting factors are premium valuation (P/E ~31) and elevated financial risk signals from the sharp increase in TTM leverage and historical cash flow volatility.
Positive Factors
Fundraising and fee-bearing capital growth
Record fundraising and 19% growth in fee-bearing capital expand BAM’s recurring management-fee base. Broad inflows across credit, infrastructure and private equity can support durable earnings growth as capital is deployed.
Negative Factors
Sharp increase in reported leverage
The sharp TTM leverage increase is a meaningful balance-sheet risk if sustained. Higher debt can reduce financial flexibility, increase funding sensitivity and constrain BAM’s ability to pursue acquisitions or support operations during weaker markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Fundraising and fee-bearing capital growth
Record fundraising and 19% growth in fee-bearing capital expand BAM’s recurring management-fee base. Broad inflows across credit, infrastructure and private equity can support durable earnings growth as capital is deployed.
Read all positive factors
Brookfield Asset Management Ltd. Class A (BAM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$114.68B
Dividend Yield3.83%
Average Volume (3M)1.79M
Price to Earnings (P/E)29.1
Beta (1Y)1.44
Revenue Growth129.18%
EPS Growth15.58%
CountryCA
Employees5,800
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)1.72
Shares Outstanding1,638,210,800
10 Day Avg. Volume2,608,743
30 Day Avg. Volume1,785,332
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)10.40
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$79.39Price Target Upside9.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)2.58
Revenue Forecast (FY)C$8.54B
Brookfield Asset Management Ltd. Class A Business Overview & Revenue Model
Company Description
Brookfield Asset Management Ltd. is a private equity firm specializing in acquisitions and growth capital investments. The firm primarily provides its services to institutional clients, high net worth individuals, financial institutions, public an...
How the Company Makes Money
BAM primarily makes money by earning asset-management and performance-related fees for managing third-party capital in its alternative investment strategies. Its key revenue streams generally include: (1) Management fees (often fee-related earning...
Brookfield Asset Management Ltd. Class A Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call presents a strong positive trajectory: record fundraising, double-digit growth in fee-related and distributable earnings, significant fee-bearing capital expansion, a major strategic acquisition (Oaktree), and accelerating momentum in AI infrastructure anchored by large partnerships and sizeable addressable opportunities. Identified risks are mostly execution and mix-related (margin impact from Oaktree, concentration in large insurance mandates, competition/oversupply risks in AI infrastructure and isolated liquidity sensitivities in a non-traded BDC). Overall, the highlights materially outweigh the lowlights.Positive Updates
Record Fundraising Quarter
Raised $77 billion in Q2 — Brookfield's strongest fundraising quarter ever — bringing year-to-date fundraising to $98 billion and fundraising over the last 12 months to $163 billion. Includes a $40 billion Just Group mandate that increases insurance capital managed by more than one-third.
Negative Updates
Margin Headwind from Oaktree Integration
Management expects consolidated margins to decline beginning next quarter due to business mix following the Oaktree acquisition (no specific percentage change provided, but noted as a downward impact to reported margins).
Read all updates
Q2-2026 Updates
Positive
Negative
Record Fundraising Quarter
Raised $77 billion in Q2 — Brookfield's strongest fundraising quarter ever — bringing year-to-date fundraising to $98 billion and fundraising over the last 12 months to $163 billion. Includes a $40 billion Just Group mandate that increases insurance capital managed by more than one-third.
Read all positive updates
Company Guidance
Management reiterated guidance for a record 2026, pointing to Q2 FRE of $808M (+20% YoY; $0.50/share) and DE of $707M (+15%; $0.44/share), LTM FRE $3.2B (+19%) and LTM DE $2.8B, fee‑bearing capital of $672B (+19% over 12 months) and margins of 57% (58% LTM). Fundraising underpins the outlook: a record $77B in Q2, $98B YTD and $163B over the last 12 months, and management expects to “far exceed” prior annual highs with significant capital to be raised across four roughly equal channels (flagships, complementary equity, debt and insurance); Q2 inflows included $12.5B for Infrastructure & Energy (incl. $9.3B for the infrastructure flagship), $8.9B for Private Equity (incl. $6.7B flagship) and $51B for Credit (incl. $45B from Brookfield Wealth Solutions), plus $600M for infrastructure debt. Execution and balance‑sheet metrics cited to support that growth include Q2 deployments of $21B, monetizations of $11B, a pipeline of >$10B announced/under contract, corporate liquidity of $3.1B after issuing $1B of senior secured notes ($550M 5yr at 4.832%; $450M 10yr at 5.298%) and completing Oaktree, opportunistic buybacks of $200M in Q2 (~$575M YTD) and a $0.5025 quarterly dividend. On AI infrastructure, the new fund targets $10B (anchoring a broader ~$100B program), Bloom Energy financing scaled from $5B→$25B, France framework from EUR20B→EUR30B, the Paducah hub could attract up to $100B and support >2GW compute, and the DOE committed $17.5B toward up to 10 Westinghouse reactors — all of which management expects will drive sustained fee and earnings growth into 2027 as credit and real‑estate flagships are brought to market in 2027 and energy in 2028.Brookfield Asset Management Ltd. Class A Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
62
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.52B | 4.61B | 482.00M | 383.00M | 48.17M | 2.79B |
| Gross Profit | 4.23B | 3.23B | 114.00M | 57.00M | 37.00M | 2.08B |
| EBITDA | 3.93B | 3.23B | 677.00M | 522.00M | 35.00M | 3.74B |
| Net Income | 2.78B | 2.53B | 541.00M | 451.00M | 19.00M | 1.87B |
Balance Sheet | ||||||
| Total Assets | 20.05B | 17.21B | 4.39B | 3.21B | 3.16B | 25.64B |
| Cash, Cash Equivalents and Short-Term Investments | 1.50B | 1.58B | 12.00M | 9.00M | 1.00M | 2.49B |
| Total Debt | 4.09B | 2.93B | 219.00M | 256.00M | 3.00M | 461.00M |
| Total Liabilities | 8.20B | 6.73B | 1.11B | 1.12B | 784.00M | 11.24B |
| Stockholders Equity | 7.51B | 8.12B | 3.25B | 2.08B | 2.38B | 9.87B |
Cash Flow | ||||||
| Free Cash Flow | 2.49B | 2.31B | 627.00M | 508.00M | -387.00M | 1.41B |
| Operating Cash Flow | 2.49B | 2.31B | 627.00M | 508.00M | -374.00M | 1.44B |
| Investing Cash Flow | -317.70M | -344.93M | -41.00M | -41.00M | 1.71B | -861.00M |
| Financing Cash Flow | -1.13B | -774.32M | -583.00M | -459.00M | -280.00M | -187.00M |
Brookfield Asset Management Ltd. Class A Technical Analysis
Positive
72.42
Price Trends
68.61
Positive
66.79
Positive
66.65
Positive
Market Momentum
0.09
Positive
48.28
Neutral
18.47
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BAM, the sentiment is Positive. The current price of 72.42 is above the 20-day moving average (MA) of 72.00, above the 50-day MA of 68.61, and above the 200-day MA of 66.65, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 48.28 is Neutral, neither overbought nor oversold. The STOCH value of 18.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
81 Outperform | C$4.61B | 31.76 | 28.39% | 1.24% | 102.07% | 109.00% | |
78 Outperform | C$114.68B | 29.08 | 15.59% | 3.83% | 129.18% | 15.58% | |
78 Outperform | C$20.18B | 17.60 | 12.91% | 2.70% | 19.92% | 20.90% | |
74 Outperform | C$8.69B | 12.29 | 5.25% | 0.35% | 1.85% | -9.67% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
52 Neutral | C$124.36B | 71.80 | 3.02% | 0.65% | 1.45% | 86.63% | |
50 Neutral | C$7.94B | -4.05 | -18.05% | 0.89% | 95.36% | 34.59% |
* Financial Sector Average
TSE:BAM
Brookfield Asset Management Ltd. Class A
70.00
-5.60
-7.41%
TSE:BN
Brookfield Corporation
55.71
-5.26
-8.63%
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TSE:SII
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93.24%
TSE:BBUC
Brookfield Business Corp. Class A
38.78
-8.87
-18.61%
Brookfield Asset Management Ltd. Class A Corporate Events
Business Operations and StrategyM&A Transactions
Brookfield Finalizes Oaktree Deal, Expanding Global Credit Platform and U.S. Footprint
Positive
Aug 3, 2026
Brookfield Asset Management has completed its acquisition of Oaktree, fully integrating one of the world’s premier credit managers into its $365 billion credit platform. The combined business now offers a broad spectrum of credit solutions, ...
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.