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Brookfield Corporation
(TSX:BN)
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Rating:52Neutral
Price Target:
C$58.00
â–²(0.24% Upside)
Action:Reiterated
Date:08/21/26
The score is held to the low-to-mid range primarily by balance-sheet and cash-flow risk (high leverage and deeply negative free cash flow) and weak technical trend (below major moving averages with negative MACD). These are partially offset by a notably positive earnings-call outlook featuring record fundraising, rising fee-bearing capital, and solid distributable-earnings growth, though valuation remains a headwind with a high P/E and low yield.
Positive Factors
Record fundraising and fee-bearing capital growth
Brookfield’s expanding fee-bearing capital base supports recurring management-fee growth and improves revenue visibility. Record fundraising also strengthens the platform’s ability to compound earnings through future fund vintages and follow-on products.
Negative Factors
Very high leverage limits financial flexibility
The heavily leveraged balance sheet increases sensitivity to refinancing conditions, asset values, and interest costs. Elevated debt relative to equity can constrain investment flexibility and amplify downside risk if operating businesses or realizations weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Record fundraising and fee-bearing capital growth
Brookfield’s expanding fee-bearing capital base supports recurring management-fee growth and improves revenue visibility. Record fundraising also strengthens the platform’s ability to compound earnings through future fund vintages and follow-on products.
Read all positive factors
Brookfield Corporation (BN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$124.36B
Dividend Yield0.65%
Average Volume (3M)2.82M
Price to Earnings (P/E)71.8
Beta (1Y)1.66
Revenue Growth1.45%
EPS Growth86.63%
CountryCA
Employees250,000
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.55
Shares Outstanding2,232,266,400
10 Day Avg. Volume2,909,389
30 Day Avg. Volume2,815,965
Financial Highlights & Ratios
PEG Ratio1.30
Price to Book (P/B)2.16
Price to Sales (P/S)1.31
P/FCF Ratio-26.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$78.31Price Target Upside35.34% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)3.85
Revenue Forecast (FY)C$10.72B
Brookfield Corporation Business Overview & Revenue Model
Company Description
Brookfield Corporation functions as a prominent alternative asset and real estate investment manager, specializing in key sectors such as real estate, renewable power, infrastructure, venture capital, and private equity. It provides a diverse arra...
How the Company Makes Money
Brookfield makes money primarily through (1) asset management earnings from managing third-party capital and (2) investment income generated on its own balance sheet from owning stakes in operating businesses and investment vehicles.
1) Asset man...
Brookfield Corporation Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call conveys a broadly positive view: strong quarter-over-quarter and year-over-year financial results, record fundraising, significant strategic acquisitions (Oaktree, Just), active monetizations, and large-scale initiatives in AI and energy transition that underpin multi-year growth. Lowlights are mainly operational execution items (cost reduction at Just), conservative timing of carried interest realizations, and macro/market uncertainties. Overall the positives — growth in earnings, fundraising, platform expansion, and sizable deployable capital — materially outweigh the manageable risks and timing challenges called out.Positive Updates
Strong Earnings Growth
Distributable earnings (DE) before realizations rose 15% year-over-year to $1.4 billion ($0.61 per share) for the quarter and totaled $5.7 billion ($2.39 per share) over the last 12 months; total DE including realizations was $1.5 billion ($0.66) for the quarter and $6.2 billion ($2.61) over the last 12 months.
Negative Updates
Market Uncertainty and Macro Headwinds
Management highlighted ongoing macro volatility — geopolitical conflict, higher energy prices, and interest-rate uncertainty — which may influence near-term markets and growth/inflation outlooks.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Earnings Growth
Distributable earnings (DE) before realizations rose 15% year-over-year to $1.4 billion ($0.61 per share) for the quarter and totaled $5.7 billion ($2.39 per share) over the last 12 months; total DE including realizations was $1.5 billion ($0.66) for the quarter and $6.2 billion ($2.61) over the last 12 months.
Read all positive updates
Company Guidance
The call reiterated clear growth and return guidance: management is targeting long‑term capital compounding at 15%+ and expects another record fundraising year after raising $77 billion in Q2 (and a record $98 billion in H1), driving fee‑bearing capital up 19% to $672 billion; distributable earnings (DE) before realizations rose 15% YoY to $1.4 billion ($0.61/sh) in the quarter and $5.7 billion ($2.39/sh) LTM (total DE $1.5 billion/$0.66 Q and $6.2 billion/$2.61 LTM); the firm deployed $100 billion YTD, monetized ~$40 billion and completed $130 billion of financings while building record deployable capital of $210 billion to pursue opportunities (including the $100 billion AI campus and the Oaktree acquisition); Wealth Solutions generated $480 million of DE (+23% YoY) with $1.8 billion LTM, insurance assets >$190 billion (Just added $45 billion), $5 billion of annuity originations this quarter, an average net investment income yield of 5.7%, a P&C combined ratio of 99% and a Q gross spread of 2.2%; real estate fundamentals remain strong (>95% occupancy for supercore/core plus, ~1.0m sq ft retail leases commenced +12% rents, 4.5m sq ft office leases signed +19% net rents vs. expiries with 2.0m sq ft pipeline); monetizations included Evoque IPO (~$1.2 billion proceeds, 64% retained), 1 Churchill Place (£750m) and Multiplex ($650m); carry realizations were $121 million (with $12.5 billion of unrealized carried interest); capital returns this quarter were $270 million (dividends + buybacks) and YTD buybacks ~$580 million at an average $42/share; the board declared a $0.07/share quarterly dividend and shareholders approved the simplification (tax‑deferred election open for certain holders), all supporting management’s stated pathway to scale insurance assets to >$300 billion by decade end.Brookfield Corporation Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
34
Negative
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 79.32B | 78.84B | 86.01B | 95.92B | 92.77B | 75.73B |
| Gross Profit | 18.06B | 10.23B | 18.07B | 14.52B | 14.26B | 11.73B |
| EBITDA | 33.61B | 33.28B | 29.19B | 30.69B | 25.05B | 28.75B |
| Net Income | 1.43B | 1.33B | 641.00M | 1.13B | 2.06B | 3.97B |
Balance Sheet | ||||||
| Total Assets | 524.66B | 518.03B | 490.42B | 490.10B | 441.28B | 391.00B |
| Cash, Cash Equivalents and Short-Term Investments | 14.86B | 23.60B | 20.18B | 16.89B | 21.96B | 19.66B |
| Total Debt | 268.48B | 272.12B | 234.79B | 233.71B | 214.07B | 175.93B |
| Total Liabilities | 358.30B | 352.13B | 325.04B | 321.85B | 299.39B | 256.26B |
| Stockholders Equity | 46.50B | 47.80B | 45.98B | 45.78B | 43.75B | 46.35B |
Cash Flow | ||||||
| Free Cash Flow | -9.30B | -3.86B | -3.43B | -1.63B | 1.45B | 984.26M |
| Operating Cash Flow | 9.34B | 11.15B | 7.21B | 6.59B | 8.40B | 7.80B |
| Investing Cash Flow | -18.58B | -20.58B | -20.09B | -2.59B | -27.57B | -18.62B |
| Financing Cash Flow | 10.41B | 10.39B | 16.97B | -7.43B | 20.82B | 13.67B |
Brookfield Corporation Technical Analysis
Negative
57.86
Price Trends
59.82
Negative
61.21
Negative
61.24
Negative
Market Momentum
-1.33
Positive
33.88
Neutral
15.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BN, the sentiment is Negative. The current price of 57.86 is below the 20-day moving average (MA) of 58.44, below the 50-day MA of 59.82, and below the 200-day MA of 61.24, indicating a bearish trend. The MACD of -1.33 indicates Positive momentum. The RSI at 33.88 is Neutral, neither overbought nor oversold. The STOCH value of 15.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BN.
Brookfield Corporation Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$4.61B | 31.76 | 28.39% | 1.24% | 102.07% | 109.00% | |
78 Outperform | C$20.18B | 17.60 | 12.91% | 2.70% | 19.92% | 20.90% | |
78 Outperform | C$114.68B | 29.08 | 15.59% | 3.83% | 129.18% | 15.58% | |
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:BN
Brookfield Corporation
55.71
-5.26
-8.63%
TSE:IGM
IGM Financial
87.45
39.52
82.45%
TSE:ONEX
ONEX Corporation
113.85
-7.24
-5.98%
TSE:SII
Sprott
179.20
86.47
93.24%
TSE:BBUC
Brookfield Business Corp. Class A
38.78
-8.87
-18.61%
TSE:BAM
Brookfield Asset Management Ltd. Class A
70.00
-5.60
-7.41%
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.