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1. Company Snapshot

1.a. Company Description

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets.It manages a range of public and private investment products and services for institutional and retail clients.It typically makes investments in sizeable, premier assets across geographies and asset classes.


It invests both its own capital as well as capital from other investors.Within private equity and venture capital, it focuses on acquisition, early ventures, control buyouts and financially distressed, buyouts and corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.It invests in both public debt and equity markets.


It invests in private equity sectors with focus on Business Services include infrastructure, healthcare, road fuel distribution and marketing, construction and real estate; Industrials include manufacturers of automotive batteries, graphite electrodes, returnable plastic packaging, and sanitation management and development; and Residential/ infrastructure services.It targets companies which likely possess underlying real assets, primarily in sectors such as industrial products, building materials, metals, mining, homebuilding, oil and gas, paper and packaging, manufacturing and forest product sectors.It invests globally with focus on North America including Brazil, the United States, Canada; Europe; and Australia; and Asia-Pacific.


The firm considers equity investments in the range of $2 million to $500 million.It has a four-year investment period and a 10-year term with two one-year extensions.The firm prefers to take minority stake and majority stake.


Brookfield Corporation was founded in 1997 and based in Toronto, Canada with additional offices across Northern America; South America; Europe; Middle East and Asia.

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1.b. Last Insights on BN

Brookfield Corporation's recent performance was negatively impacted by a decline in revenue, down 8.2% from FY 2023 to US$90.0b. The company's net income also decreased to US$0.31 per share, a significant drop from US$0.62 in FY 2023. Although the company reported record distributable earnings before realizations of US$4.9b, or US$3.07 per share, and raised its quarterly dividend by 13%, the decline in revenue and net income weighed on its overall performance.

1.c. Company Highlights

2. Brookfield Corporation's Strong 2025 Financial Performance

Brookfield Corporation delivered a robust financial performance in 2025, with distributable earnings reaching $2.8 billion, or $1.17 per share, driven by a significant increase in fee-related earnings. The company's asset management business generated record results, with fee-bearing capital rising by 12% to over $600 billion. The Wealth Solutions business also performed well, with insurance assets growing to $145 billion, generating $1.7 billion of distributable earnings, and delivering a return on equity above the mid-teens target. The actual EPS came out at $0.857, beating estimates of $0.837.

Publication Date: Feb -13

📋 Highlights
  • Total Capital Base:: Brookfield's permanent capital base reached $180 billion, supporting deployment of $126 billion in 2025.
  • Asset Management Earnings:: Generated $2.8 billion distributable earnings ($1.17/share) with fee-related earnings up 22% to $3 billion.
  • Wealth Solutions Growth:: Achieved $1.7 billion distributable earnings, $140 billion in insurance assets, and ROE above mid-teens target.
  • 2026 Targets:: Aims for $200 billion in insurance assets, $2 billion distributable earnings, and $25 billion annualized organic inflows.
  • Dividend Increase:: 17% hike to $0.07/share, reflecting strong capital deployment and low payout ratio.

Financial Highlights

The company's financial performance was supported by its large-scale capital base, totaling $180 billion, and diversification across asset classes, geographies, and capital sources. In 2025, Brookfield raised $112 billion of capital, financed nearly $175 billion of assets, and deployed $126 billion of capital. The company's cash flows are now supported by its significant capital base, positioning it well for continued growth.

Valuation Metrics

Analyzing the company's valuation metrics, we observe a P/E Ratio of 107.42, indicating a relatively high valuation. The P/B Ratio stands at 2.29, suggesting that the company's market value is roughly twice its book value. The ROE is 2.16%, which is relatively low. The Dividend Yield is 0.5%, which is not particularly attractive. Analysts estimate next year's revenue growth at 15.0%, which may justify the current valuation to some extent.

Business Outlook

Brookfield is well-positioned for continued growth across its businesses, with a highly diversified platform and significant access to capital. The company expects to end 2026 with circa $200 billion of insurance assets and over $2 billion of distributable earnings. The protection franchise is prioritizing opportunities for scale through selective M&A, organic growth, and expansion of reinsurance capabilities. The company's pivot towards equity-oriented strategies aims to enhance investment returns using its strong capital base.

Growth Initiatives

The company is actively looking to expand its presence in markets like Korea, Hong Kong, and Taiwan, where a similar savings dynamic is occurring. Europe is a bit more of a challenge due to regulatory constructs limiting spread generation. Brookfield expects to launch two additional platforms within the calendar year, leading to annualized organic inflows of over $25 billion in the near term.

3. NewsRoom

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Families Unite to Rebuild Their Homes Lost in Fires

Dec -05

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The Bull Case For Digital Realty Trust (DLR) Could Change Following Massive India AI Data Center Push

Dec -03

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How Brookfield’s (TSX:BN) $11 Billion AI Data Centre Bet Could Shape Its Future in India

Nov -30

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Brookfield (BAM) Q3 2025 Earnings Call Transcript

Nov -27

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Brookfield (BN) Q3 2025 Earnings Call Transcript

Nov -27

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Brookfield Completes C$250 Million Preferred Share Issue

Nov -26

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Brookfield to Present at the Goldman Sachs U.S. Financial Services Conference

Nov -26

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India's Reliance Industries JV to invest $11 billion for data centre

Nov -26

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.89%)

6. Segments

Private Equity

Expected Growth: 14.9%

Brookfield's private equity segment is expected to grow driven by its ability to invest in quality assets, leverage its operational expertise, and benefit from its global scale and diversified portfolio.

Asset Management

Expected Growth: 10.5%

Brookfield Corporation's diversified asset management and investment strategies, along with its global presence, drive growth. Strong fundamentals, including increasing demand for infrastructure and real assets, contribute to its forecasted growth.

Corporate

Expected Growth: 7.4%

Brookfield Corporation’s diversified portfolio of infrastructure, real estate, and private equity investments drives growth. Strong fundamentals, such as increasing demand for renewable energy and infrastructure modernization, support its growth trajectory.

Infrastructure

Expected Growth: 7.4%

Brookfield Corporation's Infrastructure segment is expected to grow driven by increasing demand for renewable energy, expansion of transportation networks and growth in data infrastructure.

Renewable Power and Transition

Expected Growth: 12.5%

Brookfield’s Renewable Power and Transition segment growth is driven by increasing demand for clean energy, government incentives, and declining costs of renewable energy production.

Real Estate

Expected Growth: 6.2%

Brookfield’s real estate segment benefits from growing demand for logistics and e-commerce facilities, as well as its presence in high-growth markets

Inter-Segment and Other

Expected Growth: 6.3%

Brookfield's Inter-Segment and Other operations are driven by increasing demand for real assets, growing need for infrastructure, and strategic investments in high-growth sectors

7. Detailed Products

Real Estate

Brookfield Corporation's real estate segment owns and operates a diversified portfolio of commercial properties, including office buildings, retail centers, and industrial facilities.

Renewable Energy

Brookfield Corporation's renewable energy segment develops, owns, and operates hydroelectric, wind, and solar power generation facilities.

Infrastructure

Brookfield Corporation's infrastructure segment owns and operates transportation, energy, and social infrastructure assets, including toll roads, bridges, and ports.

Private Equity

Brookfield Corporation's private equity segment invests in and operates businesses across various industries, including manufacturing, services, and technology.

Asset Management

Brookfield Corporation's asset management segment provides investment management services to institutional clients, including pension funds, endowments, and sovereign wealth funds.

Homebuilding

Brookfield Corporation's homebuilding segment develops and builds residential communities, including single-family homes, condominiums, and apartments.

8. Brookfield Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

Brookfield Corporation operates in a diversified portfolio of businesses, including real estate, infrastructure, renewable power, and private equity. While there are substitutes available in each of these industries, the company's diversified portfolio and strong brand presence mitigate the threat of substitutes.

Bargaining Power Of Customers

Brookfield Corporation's customers are largely institutional investors, pension funds, and high net worth individuals. These customers have limited bargaining power due to the company's strong brand presence and diversified portfolio of businesses.

Bargaining Power Of Suppliers

Brookfield Corporation's suppliers are largely construction companies, equipment providers, and service providers. While the company has some bargaining power due to its scale and diversified portfolio, suppliers still have some negotiating power due to the specialized nature of their services.

Threat Of New Entrants

The threat of new entrants is low in Brookfield Corporation's industries due to the high barriers to entry, including significant capital requirements, regulatory hurdles, and the need for specialized expertise.

Intensity Of Rivalry

The intensity of rivalry is high in Brookfield Corporation's industries, particularly in the real estate and infrastructure sectors, where there are several established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 83.62%
Debt Cost 7.95%
Equity Weight 16.38%
Equity Cost 12.40%
WACC 8.68%
Leverage 510.54%

11. Quality Control: Brookfield Corporation passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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BlackRock

A-Score: 5.7/10

Value: 2.2

Growth: 5.3

Quality: 7.9

Yield: 4.0

Momentum: 6.0

Volatility: 9.0

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Ameriprise Financial

A-Score: 5.7/10

Value: 4.4

Growth: 8.0

Quality: 7.6

Yield: 2.0

Momentum: 3.5

Volatility: 8.7

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Brookfield

A-Score: 4.9/10

Value: 5.3

Growth: 4.0

Quality: 3.2

Yield: 2.0

Momentum: 7.0

Volatility: 7.7

1-Year Total Return ->

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Ares Management

A-Score: 4.8/10

Value: 1.1

Growth: 5.7

Quality: 5.5

Yield: 6.0

Momentum: 4.5

Volatility: 6.3

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Blackstone

A-Score: 4.8/10

Value: 0.3

Growth: 4.1

Quality: 7.4

Yield: 7.0

Momentum: 3.5

Volatility: 6.7

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KKR

A-Score: 4.5/10

Value: 2.9

Growth: 6.6

Quality: 6.3

Yield: 2.0

Momentum: 3.5

Volatility: 5.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

62.96$

Current Price

62.96$

Potential

-0.00%

Expected Cash-Flows