BAM:TSX

Brookfield Asset Management is trading at CAD 61.53, well below its 20‑day (66.92), 50‑day (69.53) and 200‑day (75.99) moving averages, with a 14‑day RSI of 33.8 and a bearish MACD histogram, signaling short‑term weakness. The stock’s forward PE of 20.4 dwarfs the industry average of 17.3 and its DCF fair value of ~CAD 32.7 suggests the market is pricing in a significant premium, while a payout ratio of 113% raises concerns about dividend sustainability despite a 4.47% yield.
Fundamentally, BAM posted record 2025 results – revenue up 31% to CAD 4.8 bn, operating margin of 68% and fee‑related earnings up 28% YoY – supported by a record CAD 35 bn capital raise in Q4 and a 15% dividend increase. Strong cash generation (free cash flow ~CAD 1.44 bn) and exposure to renewable power and infrastructure position the company for long‑term growth, but valuation gaps and elevated volatility (42% 30‑day) warrant a cautious stance.