QualityDipStocks / Real Estate · Real estate operators
Brookfield Asset Management Limited Voting Shares BAM
Not in a dip by our rules: 14% below its 52-week high.
A quality company trading well above our fair value estimate.
- Fair value est.
- $31.73−34%
- Market Value
- $47.88price +1%
- Off 52-wk high
- −14%
- Risk vs market
- Above marketbeta 1.28
5 bullish · 4 bearish See why
Key levels
Every level vs today’s $48.26
- Fair value est.base case$31.73−34.3%
- 52-wk lowlowest close, 1 year$42.87−11.2%
- Market Valueavg paid since Aug 6$47.88−0.8%
- PriceFri Oct 30 close$48.26you are here
- 52-wk highhighest close, 1 year$55.86+15.7%
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 8.9% ±2 points. Bear = 10.5% and 6.9%; bull = 8.5% and 10.9% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price is above even the bull case.
What the price implies To be worth today’s price, BAM’s free cash flow would need to grow about 17% a year for five years; our estimate uses 9%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much BAM moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings more than the market, and its own price swings are 2.3× the S&P 500’s.
- Beta vs S&P 500
- 1.28
- Volatility
- 30% vs 13% SPY
- Correlation SPY
- 0.55
- Correlation QQQ
- 0.39
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
Cash returnsFree cash flow grew 89% over the last 12 months vs the 12 months before.
GrowthSales grew 32% to $5.7B over the last 12 months vs the 12 months before (SEC filings).
Cash returnsDividend yield of 3.9% ($3.0B paid over 12 months).
GrowthSales grew 8.9% a year over the last three fiscal years, above the 7.4% median for the 49 Real Estate companies we cover.
QualityPasses all four of our quality checks: cash generation, returns on capital, growth and balance sheet.
Top bearish points 4 of 5
ValuationOur DCF fair value estimate is $31.73, 34% below the price.
Cash returnsPays out more in dividends than it earns: $3.0B paid vs $2.8B of net income.
ValuationFree-cash-flow yield of 3.0%, below the 4.5% median for the 30 Real Estate companies we cover.
RiskReports earnings Nov 6 (consensus EPS $0.44): results can move the price sharply and reset Market Value.
Who’s talking about it
Notable investors, executives, analysts and public figures on Brookfield Asset Management Limited Voting Shares in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Real Estate
All fundamentals
P/E 27.7 · FCF yield 3.0% · Sales +32%
Valuation
- P/E
- 27.7×Real Estate median 28.7×
- Price / FCF
- 33.6×
- FCF yield
- 3.0%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 13.56×
- Price / book
- n/anot reported in its SEC filings
- Market cap
- $77.8Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $5.7B
- Sales growth, 12 months
- +31.9%vs the 12 months before
- Sales growth, 3 yrs
- +8.9%/yrfrom FY2023
- Diluted EPS, 12 months
- n/anot reported in its SEC filings
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- $2.8B
- Net income growth
- +15%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 48.9%
- FCF margin
- 40.4%
- Return on equity
- n/anot reported in its SEC filings
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- n/anot reported in its SEC filings
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- $2.3B
- FCF growth, 12 months
- +89%
- Dividend yield
- 3.88%$3.0B paid
- Payout ratio
- 108%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- $140M
Trailing 12 months to Jun 30, 2026. From Brookfield Asset Management Limited Voting Shares’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
DCF $31.73 · MV $47.88 · FCF value $36.38
Assumes 8.9% growth for 5 years (revenue grew 8.9% a year FY23–FY25), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $1.44 a share (trailing 12 months to Jun 30, 2026), from the 10-Q filed Aug 10, 2026. Net debt $2.6B, not deducted.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only arm once a company is in a dip.
Momentum & 52-week range
RSI 61 · 5 days +2.6%
The business
FCF $2.3B · Sales +4%
- Free cash flow, 12 months$2.3B
- Free-cash-flow yield3.0%
- Free-cash-flow margin49%
- Gross margin70%
- Operating margin78%
- Return on invested capital23%
- Return on equity35%
- Sales growth (latest quarter vs year-ago quarter)+4%
- Net debt / EBITDA0.9×
Next report
Nov 6
- DateFri Nov 6, before the open
- Consensus EPS$0.44
- Year-ago EPS$0.41
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
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