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GBOOY or BAM: Which Is the Better Value Stock Right Now?
ZACKS· 2025-06-02 16:46
Core Viewpoint - The analysis compares Grupo Financiero Banorte SAB de CV (GBOOY) and Brookfield Asset Management (BAM) to determine which stock is more attractive to value investors [1] Valuation Metrics - GBOOY has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while BAM has a Zacks Rank of 3 (Hold) [3] - GBOOY's forward P/E ratio is 8.03, significantly lower than BAM's forward P/E of 33.93 [5] - GBOOY has a PEG ratio of 0.94, compared to BAM's PEG ratio of 2.03, suggesting GBOOY is more favorably valued in terms of expected earnings growth [5] - GBOOY's P/B ratio is 1.82, while BAM's P/B ratio is 10.25, further indicating GBOOY's relative undervaluation [6] - GBOOY earns a Value grade of A, whereas BAM receives a Value grade of F, highlighting GBOOY's stronger valuation metrics [6] Conclusion - GBOOY is positioned as the superior value option due to its solid earnings outlook and favorable valuation figures compared to BAM [7]
Partners Value Investments L.P. Announces Q1 2025 Interim Results
Globenewswire· 2025-05-20 22:00
TORONTO, May 20, 2025 (GLOBE NEWSWIRE) -- Partners Value Investments L.P. (the “Partnership”, TSX: PVF.UN TSX:PVF.PR.U) announced today its financial results for the three months ended March 31, 2025. All amounts are stated in U.S. dollars. The Partnership recorded net income of $24.6 million for the three months ended March 31, 2025, compared to net income of $26.3 million in the prior year quarter. Net income was in line with the prior year quarter as higher investment income and valuation gains were offs ...
GBOOY vs. BAM: Which Stock Is the Better Value Option?
ZACKS· 2025-05-15 16:41
Core Viewpoint - Grupo Financiero Banorte SAB de CV (GBOOY) is currently viewed as a better value opportunity compared to Brookfield Asset Management (BAM) based on various valuation metrics and earnings outlook [1]. Valuation Metrics - GBOOY has a forward P/E ratio of 8.12, significantly lower than BAM's forward P/E of 35.75, indicating that GBOOY is undervalued relative to BAM [5]. - The PEG ratio for GBOOY is 0.95, while BAM's PEG ratio stands at 2.19, suggesting that GBOOY offers better value when considering expected earnings growth [5]. - GBOOY's P/B ratio is 1.82, compared to BAM's P/B of 10.76, further highlighting GBOOY's relative undervaluation [6]. Earnings Outlook - GBOOY is currently exhibiting an improving earnings outlook, which enhances its attractiveness in the Zacks Rank model, indicating a positive trend in earnings estimate revisions [3][7].
Brookfield Asset Management .(BAM) - 2025 Q1 - Quarterly Report
2025-05-08 23:15
Financial Performance - Total revenues for Q1 2025 reached $1,081 million, a 22% increase from $884 million in Q1 2024[23] - Net income attributable to common stockholders was $581 million in Q1 2025, up 32% from $441 million in Q1 2024[23] - Comprehensive income attributable to common stockholders was $595 million in Q1 2025, compared to $439 million in Q1 2024, indicating a 35.6% increase[26] - Net income for Q1 2025 was $507 million, a 36% increase from $373 million in Q1 2024[30] - The net income for the three months ended March 31, 2025, was $580 million, compared to $440 million for the same period in 2024, resulting in basic and diluted earnings per share of $0.36[142] - Total Segment Revenues for Q1 2025 reached $1,154 million, compared to $999 million in Q1 2024, indicating a year-over-year increase of 15.5%[193] - Segment Earnings for Q1 2025 amounted to $576 million, compared to $474 million in Q1 2024, showing an increase of 21.5%[200] Assets and Liabilities - Total assets as of March 31, 2025, were $14,966 million, up from $14,157 million at the end of 2024, representing a 5.7% increase[22] - Total liabilities increased to $4,073 million as of March 31, 2025, compared to $2,966 million at the end of 2024, marking a 37.4% rise[22] - Cash and cash equivalents decreased to $332 million as of March 31, 2025, down from $404 million at the end of 2024, a decline of 17.8%[22] - The company’s retained deficit increased to $617 million as of March 31, 2025, compared to $488 million at the end of 2024[22] - Non-controlling interest in consolidated entities rose to $467 million as of March 31, 2025, up from $336 million at the end of 2024[22] Revenue Streams - Base management and advisory fees increased to $837 million, compared to $680 million in the same period last year, reflecting a 23% growth[23] - The company reported a carried interest allocation compensation of $146 million in Q1 2025, up from $84 million in Q1 2024[23] - Distributions to common stockholders increased to $707 million in Q1 2025 from $620 million in Q1 2024[30] - Total cash flow from operating activities was $265 million in Q1 2025, compared to $516 million in Q1 2024[30] - Other revenues include performance fees and are recognized on a gross basis as the instruments vest[66] Investments and Acquisitions - The company completed a corporate arrangement with Brookfield Corporation, acquiring a 73% interest in Brookfield Asset Management ULC[35] - The total purchase consideration for the 2025 Arrangement was $33 million, with BAM issuing approximately 1,194 million Class A Shares valued at $57.13 each[106] - BAM recognized a gain of $15 million from the disposal of its interest in Redwood Evergreen Fund LP during Q1 2025[116] - The fair value of intangible assets identified in the 2025 Arrangement was assessed at $215 million, including $57 million of deferred tax amounts[111] - The Company agreed to acquire a 50.1% stake in Angel Oak Companies for $145 million[205] Debt and Financing - The Company established a $750 million five-year revolving credit facility on August 29, 2024, to enhance liquidity[135] - As of March 31, 2025, BAM's total corporate borrowings amounted to $235 million, with revolving credit facilities having a capacity of $750 million and an average interest rate of 5.4%[137] - The Company completed its inaugural debt offering, raising approximately $750 million of 10-year bonds at a fixed rate of 5.795%[206] Market Conditions - U.S. GDP contracted by 0.3% for Q1 2025, down from a 2.4% expansion in Q4 2024, with an estimated slowdown to 1.8% growth for 2025[217] - U.S. inflation rate decreased to 2.4% as of March 31, 2025, compared to 2.9% at the end of 2024[217] - The U.S. unemployment rate remained stable between 4.0% and 4.2% during the first three months of 2025[217] - The U.S. Federal Reserve maintained a benchmark interest rate target range of 4.25% to 4.50% as of Q1 2025[218] - The S&P 500 index decreased by 4.6% during Q1 2025, while the MSCI Europe Index increased by 5.2%[220]
Brookfield Asset Management: Q1 Record Fee-Related Earnings Growth (Upgrade)
Seeking Alpha· 2025-05-07 19:51
Alternative asset managers have had a strong recovery since April 8th, when most of the reciprocal tariffs proposed were paused for 90 days . Brookfield Asset Management Ltd. (NYSE: NYSE: BAM ) was no exception, and sinceHey there! My focus here is to provide you with insightful rating analysis on the world's leading financial firms to help you navigate and comprehend the latest investment opportunities while identifying potential pitfalls. My favorite picks are those that are tilted toward both the growth ...
Brookfield Asset Management .(BAM) - 2025 Q1 - Quarterly Results
2025-05-06 10:45
Financial Performance - Fee-related earnings increased by 26% year-over-year to $698 million, or $0.43 per share, driven by over $140 billion of capital raised in the past twelve months [3][8] - Distributable earnings rose by 20% to $654 million, or $0.40 per share, compared to the prior year period, primarily due to growth in fee-related earnings [4][8] - Total revenues for the quarter reached $1.081 billion, up from $884 million in the prior year, with management and incentive fee revenues increasing to $954 million [18] - Net income attributable to BAM for the quarter was $581 million, a 32% increase from the prior year period, primarily due to growth in fee-related earnings [4][21] - Net income for Q1 2025 was $507 million, a 36% increase from $373 million in Q1 2024 [22] - Fee-Related Earnings (FRE) reached $698 million, up 26% from $552 million in the same quarter last year [22] - Distributable Earnings (DE) amounted to $654 million, compared to $547 million in Q1 2024, reflecting a 19% growth [22] Capital and Fund Management - Fee-bearing capital grew to $549 billion, reflecting a $90 billion increase or 20% over the last twelve months [6][7] - The company raised $25 billion in the first quarter of 2025 across various strategies, including $7.1 billion in real estate and $14 billion in credit [9] - The flagship real estate strategy reached $16 billion, making it the largest real estate strategy ever raised by the company [2][9] - The company has $119 billion of uncalled fund commitments, which will generate approximately $520 million in fees annually once deployed [12] - A majority stake acquisition in Angel Oak, a mortgage and consumer products platform with over $18 billion in assets, is expected to enhance the company's credit capabilities [13] Liquidity and Financial Position - The company completed a bond offering of $750 million, improving its liquidity position and receiving an "A" credit rating from Fitch [12] - Interest expense paid to related parties rose to $13 million, up from $4 million in the previous year [22] Tax and Allocations - The provision for taxes increased to $75 million from $71 million year-over-year [22] - Carried interest allocations decreased significantly from $123 million in Q1 2024 to a negative $2 million in Q1 2025 [22] Investment Management - The company manages over $1 trillion in assets across various sectors, including renewable power and infrastructure [28] - Share of income from equity method investments improved to a loss of $58 million from a loss of $80 million year-over-year [22] Strategic Focus - The company emphasizes the importance of Fee-Related Earnings and Distributable Earnings as key performance measures [32][33] - Future outlook includes a focus on maintaining strong returns and managing risks associated with economic conditions and investment strategies [37][39]
Brookfield Asset Management Announces Record First Quarter Results
Globenewswire· 2025-05-06 10:45
Core Insights - Brookfield Asset Management reported a 26% year-over-year increase in fee-related earnings, reaching nearly $700 million for the quarter ended March 31, 2025, driven by significant capital inflows [1][3][8] - The company raised $25 billion in capital during the first quarter and over $140 billion in the past year, highlighting strong fundraising efforts across various strategies [1][9] - The flagship real estate strategy saw inflows of $6 billion, bringing its total size to approximately $16 billion, making it the largest real estate strategy ever raised by the company [1][2][9] Financial Performance - Fee-related earnings (FRE) for the quarter were $698 million, or $0.43 per share, compared to $552 million, or $0.34 per share, in the prior year [3][8] - Distributable earnings (DE) increased by 20% to $654 million, or $0.40 per share, from $547 million, or $0.34 per share, year-over-year [3][8] - Net income attributable to Brookfield Asset Management was $581 million for the quarter, up 32% from the previous year [3][8] Fundraising and Capital Deployment - The company raised $25 billion in the first quarter of 2025, with notable contributions from various sectors including real estate, private equity, and credit [9] - Significant capital deployments included $16 billion in the first quarter, with $3.5 billion in renewable power and transition, and $1.1 billion in private equity [9][10] - The company has nearly $120 billion of capital available for deployment, positioning it well for future investments [2][9] Strategic Initiatives - Brookfield Asset Management is expanding its partnerships and enhancing its credit capabilities to better serve clients [12] - The company announced an agreement to acquire a majority stake in Angel Oak, enhancing its capabilities in the U.S. mortgage credit market [13] - The firm increased its ownership interest in Oaktree by 1.5%, bringing its total stake to 74% [13]
Brookfield Asset Management Announces Results of Annual Meeting of Shareholders
Globenewswire· 2025-05-05 21:15
Group 1 - Brookfield Asset Management Ltd. announced the election of all 12 nominees to the board of directors at the annual meeting held on May 5, 2025 [1] - The voting results showed high approval rates for the nominees, with Angela F. Braly receiving 99.98% of votes in favor [2] - The company manages over $1 trillion in assets across various sectors including renewable power, infrastructure, private equity, real estate, and credit [4] Group 2 - The detailed voting results indicate that Barry Blattman received 98.06% approval, while other nominees also received similarly high percentages, reflecting strong shareholder support [2][5] - The meeting allowed for virtual attendance, indicating a modern approach to shareholder engagement [1] - Brookfield's investment strategy focuses on long-term value generation through real assets and essential service businesses [4]
Where Will Brookfield Asset Management Be in 5 Years?
The Motley Fool· 2025-04-30 08:15
Brookfield Asset Management (BAM 1.13%) has grown into one of the world's largest alternative asset managers. It has over $1 trillion in assets under management (AUM) across renewable power and transition, infrastructure, private equity, real estate, and credit. The company sees significant growth ahead over the next several years. Here's a look at where it will be five years from now.Cashing in on the growth in alternativesInvestors have been steadily shifting more of their portfolios into alternative inve ...
Should You Buy Brookfield Asset Management While It's Below $55?
The Motley Fool· 2025-04-26 22:41
Core Viewpoint - Brookfield Asset Management's recent stock dip presents a potential buying opportunity, with a higher dividend yield and lower valuation, while the company is on track for significant earnings and dividend growth in the coming years [1][9]. Financial Performance - Brookfield generated nearly $2.5 billion in fee-related earnings last year, marking a more than 10% increase from 2023 [2]. - The company raised $135 billion from investors last year, including a record $29 billion in Q4, leading to an 18% increase in fee-bearing capital in Q4 and a 17% rise in fee-related earnings during that period [2]. Growth Prospects - The company ended last year with $539 billion of fee-bearing capital and aims to increase its fee-bearing assets under management (AUM) to around $1.1 trillion by 2029 [5]. - Brookfield expects its fee-related earnings to rise at a 17% compound annual rate through the end of the decade, potentially doubling to $5 billion [6]. - Distributable earnings (DE) are projected to grow at an 18% compound annual rate, increasing from almost $2.4 billion last year to $5.1 billion in 2029 [6]. Dividend Policy - Brookfield has increased its dividend by 15%, resulting in a dividend yield of nearly 3.5% at the current share price, which is more than double the S&P 500's yield [4]. - The company plans to pay 95% of its distributable earnings to investors in dividends, positioning it for a 15% annual dividend growth rate over the next several years [6][7]. Valuation and Investment Opportunity - The stock trades at about 35 times its 2024 DE but is expected to grow into its valuation, trading at about 18 times its 2029 DE [8]. - The recent stock price dip below $55 enhances the investment appeal, offering a strong total return potential as the company grows its earnings and dividends at an expected annual rate of 15%+ [9].