BAM
Brookfield Asset Management Ltd.
Next earnings Aug 4, 2026 (before open) · consensus $0.44 EPS, $1.50B rev
Last earnings +2.0% on 2026-05-08
$44.62
▼ -0.09%$44.62▼ -14.86%
over 1Y
L $42.43EODHDH $60.94
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-0.1%
1W-5.6%
1M-8.0%
3M+4.4%
YTD-14.8%
1Y-14.9%
Hold
Conviction
Horizon
Long (>12mo)
Street · 22 analysts
Buy
Premier asset-light alt manager compounding fee capital to $603B, but P/E ~42 and a >100% GAAP payout leave little margin for error.
The read
Fundamentals and price both look middling — no strong edge either way.
BAM is the pure-play, asset-light manager spun out of Brookfield, and the business quality shows in the numbers: FY2025 revenue of $3.94B (+16.7% YoY), net income of $2.40B (+13.8%), a 60.8% net margin and 26.9% ROE. The engine is fee-bearing capital, which the MD&A reports grew to $603B from $539B (+12%), driven by $90.8B of inflows — notably $53.0B into credit (BWS insurance, Oaktree/partner managers) and $16.2B into real estate. Recurring fee streams on permanent and long-term capital ($284.8B long-term private funds + $240.5B permanent/perpetual) are exactly the durable, capital-light economics that justify a premium multiple, and operating cash flow rose 30.3% to $2.10B with cash up to $1.58B. The balance sheet is sound at 0.76x liabilities/equity.
Financials · annual, by fiscal year
| Line item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $3.14B | $3.38B | $3.94B |
| Gross profit | — | — | — |
| Operating income | — | — | — |
| Net income | $2.14B | $2.11B | $2.40B |
| Diluted EPS | $1.13 | — | — |
| Net margin | 68.0% | 62.3% | 60.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)2.87
Earnings yield—
FCF yield—
Quality & risk
ROIC (est.)—
Free cash flow—
Total debt—
Net cash$1.58B
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Other event2026-06-23
- 8-K Other event2026-06-09
Routine other-events filing with exhibits; no material change for shareholders
- 8-K Other event2026-05-11
Other-events disclosure with exhibits; likely dividend/press release, no impact
- 8-K Shareholder vote2026-05-08
Q1'26: fee-bearing capital ~$603B, fee-revenue and earnings growth intact
- 8-K Earnings results2026-05-08
Q1'26: fee-bearing capital ~$603B, fee-revenue and earnings growth intact
- 10-Q Quarterly report2026-05-08
Q1'26: fee-bearing capital ~$603B, fee-revenue and earnings growth intact
- 8-K Other event2026-05-06
Other-events filing with exhibits; no material change for shareholders
- 10-K Annual report2026-03-02
FY25: revenue +17%, NI +14%, FBC +12% to $603B, dividend raised 15%
- 10-Q Quarterly report2025-11-10
Q3'25: fundraising and fee revenue trending higher YoY
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-232026-06-23open ↗8-KPeriod ending 2026-06-092026-06-09open ↗8-KPeriod ending 2026-05-112026-05-11open ↗8-KPeriod ending 2026-05-072026-05-08open ↗10-QPeriod ending 2026-03-312026-05-08open ↗8-KPeriod ending 2026-05-082026-05-08open ↗8-KPeriod ending 2026-05-062026-05-06open ↗8-KPeriod ending 2026-04-172026-04-17open ↗8-KPeriod ending 2026-04-142026-04-16open ↗SUPPLFiling2026-04-16open ↗8-KPeriod ending 2026-04-142026-04-15open ↗FWPFiling2026-04-14open ↗
Frequently asked
- Is Brookfield Asset Management Ltd. (BAM) a buy?
- BAM currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Premier asset-light alt manager compounding fee capital to $603B, but P/E ~42 and a >100% GAAP payout leave little margin for error.
- What is BAM's fair value?
- A Modified-Graham model based on BAM's SEC fundamentals estimates a fair value of about $40.86. It is an estimate from reported earnings, not a price target.
- Is BAM overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, BAM currently appears fairly valued relative to its SEC-grounded earnings power.
- What is Brookfield Asset Management Ltd.'s quality score?
- BAM scores 76.6470588235294/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001937926, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/21/2026, 3:25:00 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.