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Brookfield Asset Management

DB:BKAA
Snowflake Description

Established dividend payer with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BKAA
DB
CA$60B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Brookfield Asset Management is a leading global alternative asset manager and one of the largest investors in real assets. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • Brookfield Asset Management is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Brookfield Asset Management has significant price volatility in the past 3 months.
BKAA Share Price and Events
7 Day Returns
-36.6%
DB:BKAA
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-7.7%
DB:BKAA
-6.9%
DE Capital Markets
-17.2%
DE Market
BKAA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brookfield Asset Management (BKAA) -36.6% -30.4% -24.3% -7.7% 12.8% 8.7%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • BKAA matched the Capital Markets industry (-6.9%) over the past year.
  • BKAA outperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
BKAA
Industry
5yr Volatility vs Market

BKAA Value

 Is Brookfield Asset Management undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Brookfield Asset Management to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Brookfield Asset Management.

DB:BKAA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $34.37 * 7.2%
$2.49
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $34.37
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BKAA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 26.5%) (359.83%))
2.168
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:BKAA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Brookfield Asset Management is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:BKAA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.2% – 10.49%) * $34.37)
$-1.12
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.12 / (10.49% - -0.39%)
$-10.27
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $34.37 + $-10.27
$24.11
DB:BKAA Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:BAM.A)
1.421
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $24.11 x 1.421
CA$34.24
Non-primary Listing Adjustment Factor 1 share in DB:BKAA represents 0.43993x of TSX:BAM.A
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.43993x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 34.24 x 0.43993
€15.07
Value per share (EUR) From above. €15.07
Current discount Discount to share price of €26.00
= -1 x (€26.00 - €15.07) / €15.07
-72.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Brookfield Asset Management is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Brookfield Asset Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brookfield Asset Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BKAA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.66
TSX:BAM.A Share Price ** TSX (2020-04-01) in CAD CA$59.1
TSX:BAM.A Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.704 $41.6
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Brookfield Asset Management.

DB:BKAA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:BAM.A Share Price ÷ EPS (both in USD)

= 41.6 ÷ 2.66

15.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brookfield Asset Management is good value based on earnings compared to the DE Capital Markets industry average.
  • Brookfield Asset Management is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Brookfield Asset Management's expected growth come at a high price?
Raw Data
DB:BKAA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Brookfield Asset Management, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Brookfield Asset Management's assets?
Raw Data
DB:BKAA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $30.68
TSX:BAM.A Share Price * TSX (2020-04-01) in CAD CA$59.1
TSX:BAM.A Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.704 $41.6
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:BKAA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:BAM.A Share Price ÷ Book Value per Share (both in USD)

= 41.6 ÷ 30.68

1.36x

* Primary Listing of Brookfield Asset Management.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brookfield Asset Management is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Brookfield Asset Management's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Brookfield Asset Management has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BKAA Future Performance

 How is Brookfield Asset Management expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.8%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Brookfield Asset Management expected to grow at an attractive rate?
  • Brookfield Asset Management's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Brookfield Asset Management's earnings growth is expected to exceed the Germany market average.
  • Brookfield Asset Management's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BKAA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BKAA Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 20.8%
DB:BKAA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 11.5%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BKAA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BKAA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 89,885 5,331 1
2020-12-31 77,747 4,966 1
2020-04-02
DB:BKAA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 71,521 6,328 2,581
2019-09-30 69,324 6,785 3,642
2019-06-30 66,087 5,363 2,855
2019-03-31 60,933 5,483 3,074
2018-12-31 58,489 5,159 3,328
2018-09-30 55,214 3,802 2,506
2018-06-30 52,943 4,502 2,594
2018-03-31 48,582 4,738 2,176
2017-12-31 41,999 4,005 1,317
2017-09-30 35,998 4,238 450
2017-06-30 29,956 3,697 1,260
2017-03-31 26,670 3,403 1,221

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Brookfield Asset Management's earnings are expected to grow significantly at over 20% yearly.
  • Brookfield Asset Management's revenue is expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BKAA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Brookfield Asset Management Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BKAA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 4.04 4.04 4.04 1.00
2020-12-31 3.24 3.24 3.24 1.00
2020-04-02
DB:BKAA Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.66
2019-09-30 3.81
2019-06-30 2.99
2019-03-31 3.21
2018-12-31 3.48
2018-09-30 2.62
2018-06-30 2.71
2018-03-31 2.27
2017-12-31 1.37
2017-09-30 0.47
2017-06-30 1.31
2017-03-31 1.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Brookfield Asset Management will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Brookfield Asset Management's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Brookfield Asset Management has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BKAA Past Performance

  How has Brookfield Asset Management performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Brookfield Asset Management's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Brookfield Asset Management's year on year earnings growth rate has been positive over the past 5 years.
  • Brookfield Asset Management's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Brookfield Asset Management's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Brookfield Asset Management's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Brookfield Asset Management Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BKAA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 71,521.00 2,581.00 98.00
2019-09-30 69,324.00 3,642.00 100.00
2019-06-30 66,087.00 2,855.00 102.00
2019-03-31 60,933.00 3,074.00 103.00
2018-12-31 58,489.00 3,328.00 104.00
2018-09-30 55,214.00 2,506.00 102.00
2018-06-30 52,943.00 2,594.00 101.00
2018-03-31 48,582.00 2,176.00 97.00
2017-12-31 41,999.00 1,317.00 95.00
2017-09-30 35,998.00 450.00 93.00
2017-06-30 29,956.00 1,260.00 89.00
2017-03-31 26,670.00 1,221.00 94.00
2016-12-31 25,704.00 1,518.00 92.00
2016-09-30 24,721.00 2,022.00 91.00
2016-06-30 23,342.00 1,276.00 96.00
2016-03-31 22,460.00 1,736.00 100.00
2015-12-31 21,753.00 2,207.00 106.00
2015-09-30 20,868.00 2,576.00 113.00
2015-06-30 20,517.00 3,012.00 115.00
2015-03-31 20,009.00 3,148.00 119.00
2014-12-31 19,958.00 2,956.00 123.00
2014-09-30 20,251.00 2,624.00 129.00
2014-06-30 20,612.00 2,707.00 138.00
2014-03-31 20,984.00 2,154.00 141.00
2013-12-31 21,589.00 1,975.00 152.00
2013-09-30 21,956.00 1,751.00 156.00
2013-06-30 21,501.00 1,277.00 161.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Brookfield Asset Management has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brookfield Asset Management used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Brookfield Asset Management has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Brookfield Asset Management's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Brookfield Asset Management has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BKAA Health

 How is Brookfield Asset Management's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Brookfield Asset Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brookfield Asset Management is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Brookfield Asset Management's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Brookfield Asset Management's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Brookfield Asset Management Company Filings, last reported 3 months ago.

DB:BKAA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 116,846.00 145,611.00 6,778.00
2019-09-30 107,601.00 130,239.00 7,595.00
2019-06-30 103,129.00 130,431.00 7,447.00
2019-03-31 98,564.00 119,009.00 6,740.00
2018-12-31 97,150.00 120,370.00 8,390.00
2018-09-30 88,259.00 106,974.00 7,839.00
2018-06-30 79,170.00 85,169.00 5,913.00
2018-03-31 81,315.00 80,315.00 6,044.00
2017-12-31 79,872.00 80,491.00 5,139.00
2017-09-30 77,331.00 73,287.00 4,538.00
2017-06-30 74,045.00 71,999.00 4,429.00
2017-03-31 70,426.00 69,897.00 6,427.00
2016-12-31 69,688.00 67,017.00 4,299.00
2016-09-30 67,119.00 67,373.00 4,372.00
2016-06-30 64,539.00 67,512.00 4,020.00
2016-03-31 61,427.00 66,799.00 3,563.00
2015-12-31 57,227.00 60,340.00 2,774.00
2015-09-30 53,256.00 61,511.00 3,057.00
2015-06-30 55,022.00 54,951.00 2,923.00
2015-03-31 52,349.00 55,484.00 2,643.00
2014-12-31 53,247.00 54,886.00 3,160.00
2014-09-30 48,933.00 49,943.00 3,312.00
2014-06-30 49,176.00 50,190.00 3,917.00
2014-03-31 46,954.00 49,673.00 3,555.00
2013-12-31 47,526.00 47,653.00 3,663.00
2013-09-30 45,624.00 45,222.00 3,799.00
2013-06-30 44,094.00 45,064.00 3,264.00
  • Brookfield Asset Management's level of debt (124.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (103.1% vs 124.6% today).
  • Debt is not well covered by operating cash flow (4.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Brookfield Asset Management's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Brookfield Asset Management has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BKAA Dividends

 What is Brookfield Asset Management's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.73%
Current annual income from Brookfield Asset Management dividends. Estimated to be 1.76% next year.
If you bought €2,000 of Brookfield Asset Management shares you are expected to receive €35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Brookfield Asset Management's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Brookfield Asset Management's dividend is below the markets top 25% of dividend payers in Germany (4.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BKAA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BKAA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.80 3.00
2021-12-31 0.74 6.00
2020-12-31 0.69 6.00
2020-04-02
DB:BKAA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-13 0.720 1.389
2019-11-14 0.640 1.075
2019-08-08 0.640 1.206
2019-05-09 0.640 1.335
2019-02-14 0.640 1.378
2018-11-08 0.600 1.438
2018-08-09 0.600 1.407
2018-05-10 0.600 1.459
2018-02-15 0.600 1.524
2017-11-09 0.560 1.336
2017-08-10 0.560 1.378
2017-05-11 0.560 1.451
2017-02-09 0.560 1.527
2016-11-11 0.520 1.542
2016-08-12 0.520 1.504
2016-05-13 0.520 1.510
2016-02-12 0.520 1.582
2015-11-06 0.480 1.551
2015-08-07 0.480 1.469
2015-04-08 0.480 1.339
2015-03-27 0.453 1.246
2015-02-13 0.453 1.256
2014-11-10 0.427 1.268
2014-08-08 0.427 1.367
2014-05-07 0.427 1.461
2013-11-11 0.400 1.525
2013-08-09 0.400 1.607
2013-05-09 0.400 1.643
2013-02-15 0.400 1.607
2012-11-09 0.373 1.550
2012-08-10 0.373 1.615
2012-05-10 0.373 1.720
2012-02-17 0.373 1.761
2011-11-11 0.347 1.823
2011-08-10 0.347 1.851
2011-05-11 0.347 1.624
2011-02-18 0.347 1.613
2010-11-05 0.347 1.637
2010-08-06 0.347 1.879
2010-05-06 0.347 2.154
2010-02-19 0.347 2.089
2009-11-06 0.347 2.417
2009-08-07 0.347 2.397
2009-05-05 0.347 2.937

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Brookfield Asset Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.3x coverage).
X
Income/ dividend checks
We assess Brookfield Asset Management's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Brookfield Asset Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brookfield Asset Management has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BKAA Management

 What is the CEO of Brookfield Asset Management's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
James Flatt
COMPENSATION $4,920,300
AGE 54
TENURE AS CEO 18.2 years
CEO Bio

Mr. James Bruce Flatt has served as Chief Executive Officer since February 2002 and served as Managing Director of Real Estate and serves Director at Brookfield Asset Management Inc. since April 2001 respectively and serves as its Managing Partner. Mr. Flatt served as Senior Managing Partner of Brookfield Asset Management Inc since 2002. Mr. Flatt joined Brookfield Asset Management in 1990. He served as the Chief Executive Officer and President at Brascan Corp. at BAM Investments Corp. Prior to that, Mr. Flatt served as the President and Chief Executive from April 2000 to February 2002 and from August 1995 to April 2000, he served as the President and Chief Operating Officer and he served as a Director from February 1996 to May 5, 2010 at Brookfield Properties Corporation. He served as the Chairman and Director of GGP Inc. since November 2010 until August 28, 2018. Mr. Flatt also serves as the Chairman of Carma Corporation. Mr. Flatt served as the Chairman of Brookfield Residential Properties Inc. from October 2002 to May 2007. He served as a Director of Brookfield Incorporações S.A. Mr. Flatt served as a Director of Glencore Canada Corporation from 2001 to October 2005. He is a Director of Oaktree Capital Group, LLC. He served as an Independent Director of Brookfield Office Properties Inc. since May 4, 2011. Prior to that, Mr. Flatt served as a Director of Brascan Financial Corp. He served as a Director of Xstrata Canada Corporation from 2001 to October 2005. Prior to that, Mr. Flatt served as Director of Brookfield Homes Corp since October 2002. Before that, he served as an Independent Director of Norbord Inc. from 2002 to April 21, 2006. Prior to that, Mr. Flatt served as an Independent Director of Fraser Papers Inc. since 2004. Before that, he also served as Director of Brookfield Renewable Power Inc. since 2003. Mr. Flatt holds a Business Degree from the University of Manitoba.

CEO Compensation
  • James's compensation has been consistent with company performance over the past year, both up more than 20%.
  • James's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Brookfield Asset Management management team in years:

14.8
Average Tenure
53
Average Age
  • The average tenure for the Brookfield Asset Management management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

James Flatt

TITLE
Managing Partner
COMPENSATION
$5M
AGE
54
TENURE
18.2 yrs

Cyrus Madon

TITLE
Managing Partner & CEO of Private Equity Group
COMPENSATION
$4M
AGE
53
TENURE
16.3 yrs

Sam Pollock

TITLE
Managing Partner & CEO of Infrastructure
COMPENSATION
$4M
AGE
53

Brian Kingston

TITLE
Managing Partner & CEO of Real Estate
COMPENSATION
$4M
AGE
45
TENURE
13.3 yrs

Jim Reid

TITLE
Managing Partner & Chief Investment Officer of Private Equity and Energy
AGE
53
TENURE
16.8 yrs

David Nowak

TITLE
Managing Partner of Private Equity
AGE
49

Pierre McNeil

TITLE
Managing Director of Private Equity
AGE
56

Nick Goodman

TITLE
Managing Partner & CFO
TENURE
0.2 yrs

Lori Pearson

TITLE
Managing Partner & COO
AGE
57
TENURE
4.3 yrs

Julian Thomas

TITLE
MD & Chief Investment Officer of Renewable Power
Board of Directors Tenure

Average tenure and age of the Brookfield Asset Management board of directors in years:

10.8
Average Tenure
64.5
Average Age
  • The average tenure for the Brookfield Asset Management board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Frank McKenna

TITLE
Independent Chairman of the Board
COMPENSATION
$500K
AGE
71
TENURE
9.7 yrs

James Flatt

TITLE
Managing Partner
COMPENSATION
$5M
AGE
54
TENURE
19 yrs

Brian Lawson

TITLE
Vice Chairman
COMPENSATION
$2M
AGE
60
TENURE
0.3 yrs

Jeff Blidner

TITLE
Vice Chairman of the Board
AGE
71
TENURE
3.3 yrs

Ron Bloom

TITLE
Managing Partner of Private Equity
AGE
63

Harry Goldgut

TITLE
Vice Chair of Infrastructure & Renewable Power
COMPENSATION
$83K
AGE
63

Marcel Coutu

TITLE
Independent Director
COMPENSATION
$250K
AGE
65
TENURE
14 yrs

V. Kempston Darkes

TITLE
Independent Director
COMPENSATION
$215K
AGE
70
TENURE
12 yrs

Diana Taylor

TITLE
Independent Director
COMPENSATION
$215K
AGE
64
TENURE
7.9 yrs

Jack Cockwell

TITLE
Director
COMPENSATION
$119K
AGE
78
TENURE
40.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Brookfield Asset Management individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Mar 20 Buy Marcel Coutu Individual 24. Mar 20 24. Mar 20 10,000 €35.63 €355,766
25. Mar 20 Buy Ngee Huat Seek Individual 23. Mar 20 23. Mar 20 10,000 €34.22 €335,429
09. Mar 20 Buy Justin Beber Individual 05. Mar 20 05. Mar 20 84,106 €56.60 €4,760,327
02. Mar 20 Sell Timothy Price Individual 26. Feb 20 27. Feb 20 -50,000 €58.22 €-2,810,058
04. Mar 20 Buy Sachin Shah Individual 03. Mar 20 03. Mar 20 248,083 €55.53 €13,776,880
26. Feb 20 Buy Samuel Pollock Individual 21. Feb 20 21. Feb 20 741,372 €62.60 €46,412,528
26. Feb 20 Buy Cyrus Madon Individual 21. Feb 20 21. Feb 20 741,372 €62.60 €46,412,528
21. Feb 20 Sell Brian Lawson Individual 18. Feb 20 18. Feb 20 -100,000 €62.77 €-6,277,091
19. Nov 19 Sell Justin Beber Individual 15. Nov 19 15. Nov 19 -24,000 €51.88 €-1,245,057
19. Nov 19 Sell James Flatt Individual 15. Nov 19 15. Nov 19 -232,677 €52.17 €-12,131,198
18. Dec 19 Sell Jack Cockwell Individual 13. Dec 19 13. Dec 19 -40,000 €52.29 €-2,091,515
06. Dec 19 Sell Jeffrey Blidner Individual 02. Dec 19 02. Dec 19 -5,300 €51.90 €-275,074
22. Nov 19 Sell Brian Lawson Individual 19. Nov 19 19. Nov 19 -100,000 €51.73 €-5,173,209
28. Aug 19 Sell Robert Harding Individual 26. Aug 19 26. Aug 19 -67,000 €45.86 €-3,072,811
28. Aug 19 Buy Robert Harding Individual 26. Aug 19 26. Aug 19 67,000 €45.86 €3,072,811
22. Aug 19 Buy Timothy Price Individual 19. Aug 19 19. Aug 19 100,000 €46.55 €4,654,952
21. Aug 19 Sell Brian Lawson Individual 14. Aug 19 19. Aug 19 -100,000 €46.03 €-4,575,967
25. May 19 Sell Sachin Shah Individual 21. May 19 23. May 19 -120,000 €42.14 €-5,028,289
16. Aug 19 Sell Craig Noble Individual 13. Aug 19 13. Aug 19 -29,862 €45.51 €-1,359,166
14. Aug 19 Buy Partners Limited Company 09. Aug 19 09. Aug 19 920,000 €44.47 €40,911,371
14. Aug 19 Sell Jack Cockwell Individual 09. Aug 19 09. Aug 19 -800,000 €45.27 €-36,216,535
14. Aug 19 Sell Jack Cockwell Individual 09. Aug 19 09. Aug 19 -400,000 €44.99 €-17,995,074
27. Jun 19 Buy Justin Beber Individual 21. Jun 19 21. Jun 19 61,326 €42.73 €2,620,412
26. Jun 19 Sell Jack Cockwell Individual 19. Jun 19 19. Jun 19 -14,400 €43.07 €-620,265
14. Jun 19 Sell Jack Cockwell Individual 13. Jun 19 13. Jun 19 -100,000 €42.17 €-4,216,523
12. Jun 19 Sell Jack Cockwell Individual 07. Jun 19 07. Jun 19 -100,000 €42.21 €-4,221,150
05. Jun 19 Sell Jack Cockwell Individual 04. Jun 19 05. Jun 19 -213,000 €41.63 €-8,810,843
30. May 19 Sell Jack Cockwell Individual 27. May 19 27. May 19 -31,250 €41.72 €-1,303,779
24. May 19 Sell Jack Cockwell Individual 21. May 19 21. May 19 -187,000 €42.97 €-8,035,310
16. May 19 Sell Jack Cockwell Individual 13. May 19 14. May 19 -300,000 €42.39 €-12,618,187
X
Management checks
We assess Brookfield Asset Management's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Brookfield Asset Management has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BKAA News

Simply Wall St News

BKAA Company Info

Description

Brookfield Asset Management is a leading global alternative asset manager and one of the largest investors in real assets. Our investment focus is on real estate, renewable power, infrastructure and private equity assets. Our objective is to generate attractive long-term risk-adjusted returns for the benefit of our clients and shareholders. We manage a range of public and private investment products and services for institutional and retail clients. We earn asset management income for doing so and align our interests with our clients by investing alongside them. We have an exceptionally strong balance sheet, with over $30 billion of capital invested, primarily in our four listed partnerships: Brookfield Property Partners, Brookfield Infrastructure Partners, Brookfield Renewable Partners and Brookfield Business Partners. This access to large-scale capital enables us to make investments in sizeable, premier assets across geographies and asset classes that few managers are able to do. We create value for BAM shareholders in the following ways: As an asset manager – by investing both our own capital and that of our investors – this enables us to increase the scale of our operations, and enhances our financial returns through base management fees and performance-based income; as an investor and capital allocator – we strive to invest at attractive valuations, particularly in value-oriented situations that create opportunities for superior valuation gains and cash flow returns, or by monetizing assets at appropriate times to realize value; and as an owner-operator – we constantly work to increase the value of the assets within our operating businesses and the cash flows they produce through our operating expertise, development capabilities and effective financing.

Details
Name: Brookfield Asset Management Inc.
BKAA
Exchange: DB
Founded: 1997
CA$38,402,980,069
1,009,440,748
Website: http://www.brookfield.com
Address: Brookfield Asset Management Inc.
Brookfield Place,
Suite 300,
Toronto,
Ontario, M5J 2T3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX BAM.A Class A Common Shares The Toronto Stock Exchange CA CAD 11. Aug 1997
NYSE BAM Class A Common Shares New York Stock Exchange US USD 11. Aug 1997
DB BKAA Class A Common Shares Deutsche Boerse AG DE EUR 11. Aug 1997
LSE 0KEH Class A Common Shares London Stock Exchange GB EUR 11. Aug 1997
TSX BAM.PRT PFD SHS SER 26 The Toronto Stock Exchange CA CAD 29. Oct 2010
TSX BAM.PFC PREF CL A S 36 The Toronto Stock Exchange CA CAD 27. Nov 2012
TSX BAM.PFG PFD-42 CL A The Toronto Stock Exchange CA CAD 09. Oct 2014
TSX BAM.PRR CV CL A PFD 24 The Toronto Stock Exchange CA CAD 15. Jan 2010
TSX BAM.PRG PFD A SER 9 The Toronto Stock Exchange CA CAD 24. Oct 2001
TSX BAM.PRM PFD SER17 CL A The Toronto Stock Exchange CA CAD 20. Nov 2006
TSX BAM.PFI 4.8 PREF 46% A The Toronto Stock Exchange CA CAD 18. Nov 2016
TSX BAM.PFA CUM CLA PF S32 The Toronto Stock Exchange CA CAD 13. Mar 2012
TSX BAM.PFE PREF CL A SER 38 The Toronto Stock Exchange CA CAD 13. Mar 2014
OTCPK BAMG.F CV CL A PFD 24 Pink Sheets LLC US USD 15. Jan 2010
Number of employees
Current staff
Staff numbers
151,000
Brookfield Asset Management employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 00:17
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/03/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.