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1. Company Snapshot

1.a. 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.

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1.b. Last Insights on BAM

The recent performance of Brookfield Asset Management Ltd. was negatively impacted by a price target reduction by Scotiabank to $62.50 from $63, despite strong Q4 earnings and revenue surprises. Additionally, the company's February share price erosion was driven by market headwinds, which are expected to be navigated through strategic positioning for future opportunities.

1.c. Company Highlights

2. Brookfield Asset Management Ltd.: A Strong 2025 and a Promising 2026

Brookfield Asset Management Ltd. reported a strong financial performance for 2025, with fee-related earnings reaching a record $3 billion, up 22% year over year, and distributable earnings of $2.7 billion, a 14% increase. The company's earnings per share (EPS) came in at $0.4792, below analyst estimates of $0.586. Fee-bearing capital grew by 12% year over year to $603 billion. The company's financial performance was driven by its diversified business across client types, asset classes, strategies, products, and geographies.

Publication Date: Feb -09

📋 Highlights
  • Capital Raising & Deployment:: Raised $112 billion and invested $66 billion in 2025, with fee-bearing capital growing 12% to $603 billion.
  • Fee-Related Earnings (FRE):: Achieved record FRE of $3 billion (+22% YoY) and distributable earnings of $2.7 billion (+14% YoY).
  • Q4 Performance:: FRE surged $867 million (+28% YoY), with $35 billion raised in Q4—the strongest fundraising quarter in the company’s history.
  • AI Infrastructure Growth:: Secured $5 billion for its AI infrastructure fund (targeting $10 billion), leveraging partnerships like Bloom Energy and Westinghouse for power solutions.
  • Credit Business Expansion:: Raised $23 billion in credit strategies, including $9 billion from Brookfield Wealth, driven by real assets and asset-backed finance.

Business Performance

The company raised $112 billion of capital in 2025, reflecting strong demand from various investors, and invested a record $66 billion into high-quality assets and businesses. It also monetized $50 billion of equity from investments at good returns. Brookfield's private wealth strategy reached $8 billion, with $1.6 billion raised for private equity. The credit business raised a record $23 billion, driven by real assets, asset-backed finance, and its insurance channel.

Outlook and Valuation

Brookfield expects 2026 to be a record year for fundraising, with strong momentum across the business, and growth to be at or above its long-term targets. The company's diversified business and strong track record of capital allocation position it well for continued growth. With a P/E Ratio of 32.19 and a P/B Ratio of 8.99, the market appears to be pricing in a high level of growth and profitability. The Dividend Yield of 3.53% is also attractive, given the company's history of stable dividend payments.

Growth Drivers

Brookfield is well-positioned to benefit from the growing demand for real assets that generate stable cash flows and provide inflation protection. The company's focus on digital infrastructure and power generation is also expected to drive growth, with a significant pipeline of AI-related investment opportunities. The AI infrastructure fund has secured $5 billion of commitments, with a target of $10 billion.

Margin Expansion

The company expects continued margin expansion, driven by operating leverage across its platforms. Its FRE margins have expanded to over 60%, and it anticipates this trend to continue, except in its real estate business. This is expected to contribute to the company's growth, with a focus on sustainable revenue growth.

3. NewsRoom

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Brookfield and Qai Form $20 Billion Strategic Investment Partnership for AI Infrastructure

Dec -09

Source: globenewswire.com

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Bookfield takes pick-and-shovels approach to AI with $10bn investment plan

Nov -19

Source: proactiveinvestors.com

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Financial Services Roundup: Market Talk

Nov -13

Source:

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Brookfield Wealth Solutions Announces Third Quarter Results and Declares Regular Quarterly Distribution

Nov -13

Source:

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Brookfield Corporation Reports Strong Third Quarter Results

Nov -13

Source:

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Brookfield shares slip on Q3 earnings miss

Nov -13

Source: proactiveinvestors.com

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Catalyst Dearth Caps Wall Street Pre-Bell; Asia, Europe Up

Nov -13

Source:

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ASP Isotopes (ASPI) Is Up 5.2% After Expanding Into Radiopharmaceuticals and Securing Major Supply Agreements—Has the Bull Case Changed?

Nov -13

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (8.90%)

6. Segments

Asset Management

Expected Growth: 8.9%

Brookfield Asset Management's 8.9% growth in Asset Management is driven by increasing demand for alternative investments, expansion into new markets, and strategic acquisitions. The company's diversified portfolio, including real estate, infrastructure, and private equity, has also contributed to its growth. Additionally, Brookfield's strong brand reputation and ability to attract and retain institutional clients have fueled its asset growth.

7. Detailed Products

Real Estate

Brookfield Asset Management Ltd. offers a diversified portfolio of high-quality commercial properties, including office buildings, retail centers, and industrial facilities.

Renewable Energy

Brookfield Renewable Partners operates a global portfolio of hydroelectric, wind, and solar power generation facilities, providing clean energy to communities worldwide.

Infrastructure

Brookfield Infrastructure Partners owns and operates a diverse range of infrastructure assets, including transportation, energy, and utilities, providing essential services to communities.

Private Equity

Brookfield's private equity business invests in and operates companies across various industries, including business services, healthcare, and industrials.

Credit

Brookfield's credit business provides financing solutions to companies and projects across various industries, including real estate, infrastructure, and energy.

Asset Management

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

8. Brookfield Asset Management Ltd.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Brookfield Asset Management Ltd. operates in a diversified portfolio of assets, which reduces the threat of substitutes. However, the company is still vulnerable to changes in market trends and customer preferences.

Bargaining Power Of Customers

Brookfield Asset Management Ltd. has a diversified customer base, which reduces the bargaining power of individual customers. The company's strong brand reputation and quality of services also contribute to its bargaining power.

Bargaining Power Of Suppliers

Brookfield Asset Management Ltd. has a moderate level of dependence on its suppliers, particularly in its real estate and infrastructure businesses. However, the company's diversified portfolio and strong relationships with suppliers mitigate the bargaining power of suppliers.

Threat Of New Entrants

The threat of new entrants is low in Brookfield Asset Management Ltd.'s industries, particularly in real estate and infrastructure, due to high barriers to entry and significant capital requirements.

Intensity Of Rivalry

The intensity of rivalry is high in Brookfield Asset Management Ltd.'s industries, particularly in real estate and infrastructure, due to the presence of established players and the need for continuous innovation and differentiation.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 17.94%
Debt Cost 12.88%
Equity Weight 82.06%
Equity Cost 12.88%
WACC 12.88%
Leverage 21.87%

11. Quality Control: Brookfield Asset Management Ltd. passed 4 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

Stock-Card
Federated Hermes

A-Score: 7.5/10

Value: 6.0

Growth: 6.6

Quality: 8.5

Yield: 6.0

Momentum: 8.0

Volatility: 9.7

1-Year Total Return ->

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Stock-Card
IGM Financial

A-Score: 7.0/10

Value: 4.5

Growth: 4.2

Quality: 6.4

Yield: 9.0

Momentum: 8.0

Volatility: 10.0

1-Year Total Return ->

View Full Report
Stock-Card
State Street

A-Score: 6.6/10

Value: 6.7

Growth: 4.7

Quality: 5.6

Yield: 6.0

Momentum: 8.0

Volatility: 8.7

1-Year Total Return ->

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Stock-Card
Brookfield Asset Management

A-Score: 5.6/10

Value: 0.5

Growth: 5.8

Quality: 8.4

Yield: 6.0

Momentum: 5.0

Volatility: 7.7

1-Year Total Return ->

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Stock-Card
Prospect Capital

A-Score: 5.5/10

Value: 6.5

Growth: 3.9

Quality: 4.7

Yield: 10.0

Momentum: 0.5

Volatility: 7.7

1-Year Total Return ->

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Stock-Card
Cohen & Steers

A-Score: 5.4/10

Value: 4.2

Growth: 3.3

Quality: 8.8

Yield: 7.0

Momentum: 1.5

Volatility: 7.3

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

66.42$

Current Price

66.42$

Potential

-0.00%

Expected Cash-Flows