Brookfield Asset Management Ltd. (BAM) - Stock Analysis
Last updated: Jan 19, 2026
Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Brookfield Asset Management benefits from strong asset growth, ongoing share repurchases, AI infrastructure investments, and consistent price gains (+4% in last month), supporting near-term price appreciation.
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AI Analyst Overview
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Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠High operating margins ⢠Compressed free cash ⢠Elevated multiples BAM shows very strong operating margins and improved liquidity but weaker trailing ROE, essentially flat recent FCF and a near-1.0 payout amid elevated P/E and P/B multiples, implying moderated profitability and heightened valuation risk.
Price Behavior
Key Price Behavior Insights: ⢠Recent consolidation ⢠Support held ⢠Resistance tested Support Level: $52â$53 Resistance Level: $55 (peak $55.66) BAM has shown a strong rally into early December followed by consolidation, holding short-term support near $52â$53 while facing resistance around $55 and testing whether it resumes the uptrend or breaks down.
Sentiment & News
Key News Insights: ⢠Record fundraising ⢠Dividend upside ⢠Buyback support Brookfield Asset Management delivered doubleâdigit 2025 earnings growth driven by record fundraising and rising feeâbearing capital, supporting dividend upside and buyback support despite shortâterm share weakness ahead of the Feb 4, 2026 results.
AI Summary
BAM has effectively reârated from a balanceâsheet NAV play into a feeâgrowth platformârecord fundraising, massive dry powder and strategic partner consolidation position fee-bearing capital expansion as the primary value driverâso investors should now prioritize feeârelated earnings trajectory over nearâterm investment income volatility. The key risk is execution: monitor sequential freeâcashâflow recovery, dividend coverage, and whether acquisitions/infrastructure commitments prove accretive (a decisive breakout above ~$55 would validate the thesis; a drop below ~$52 would signal reârating risk).
Description
Brookfield Asset Management is an alternative asset manager and REIT operator that invests its own capital alongside third-party funds across real estate, renewable power, infrastructure, private equity and venture capital. The firm manages a suite of public and private investment products for institutional and retail clients and pursues sizeable, asset-backed opportunities globally, with a geographic emphasis on North America, Europe, Australia and Asia-Pacific. Typical equity commitments range from about $2 million to $500 million, and its vehicles commonly feature a four-year investment period within a 10-year term (with possible extensions) while taking either minority or majority stakes.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Jan 12 | Jan 19 | BAM | Brookfield Asset Management Ltd. | Brookfield Asset Management benefits from strong asset growth, ongoing share repurchases, AI infrastructure investments, and consistent price gains (+4% in last month), supporting near-term price appreciation. | Closed | -3.0% |