Yahoo Finance·2025-10-23 12:50Core Thesis - Brookfield Corporation is viewed positively due to its diversified asset base and strong growth potential, with a current share price of $45.20 and a market cap of $104 billion [1][2]. Group 1: Business Overview - Brookfield Corporation operates in various sectors including renewable energy, infrastructure, private credit, real estate, and insurance/retirement solutions, benefiting from a dual engine of asset management and long-term asset ownership [2]. - The company has a global presence with assets such as data centers, transmission networks, toll roads, pipelines, ports, and renewable farms, aligning with trends like decarbonization and the global energy transition [2]. Group 2: Financial Performance - Brookfield's renewable energy portfolio and infrastructure projects generate stable, inflation-linked cash flows, contributing to consistent value creation under CEO Bruce Flatt, with 22% annualized returns over the past five years [3]. - The company produces approximately $5 billion in distributable earnings annually, supported by a robust balance sheet and recurring cash flow generation [4]. Group 3: Growth Projections - Management targets a 25% annualized growth to $13.5 billion by 2029, suggesting a fair value per share of $140 by 2030, while the stock currently trades at a ~30% discount to its sum-of-the-parts valuation [5]. - Even with conservative estimates, the target price of $84 for 2029 implies ~16% annualized returns from the current price of $43 [5].