Brookfield Asset Management Ltd. logo BAM - Brookfield Asset Management Ltd.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 9
HOLD 9
SELL 2
STRONG
SELL 0
| PRICE TARGET: $58.44 DETAILS
HIGH: $65.00
LOW: $50.00
MEDIAN: $59.00
CONSENSUS: $58.44
UPSIDE: 21.93%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Overvalued Mild
Trading 0.4% above fair value
Current Price $47.93
Bear Case $33.40 30.3% downside ($33.40 - $47.93) / $47.93 = -30.3% ROTCE 20.0% → 2.23x TBV
Fair Value $47.72 0.4% downside ($47.72 - $47.93) / $47.93 = -0.4% ROTCE 25.0% → 3.56x TBV
Bull Case $62.04 29.4% upside ($62.04 - $47.93) / $47.93 = 29.4% ROTCE 30.0% → 3.63x TBV

Adjust Assumptions

29.5%
11.2%

Key Value Driver

ROTCE (29.5%) vs. cost of equity (11.2%)

Implied Market Multiple 9.08x

Plain-Language Summary

Our base-case estimate uses P/Tangible Book × ROE Quality. We then blend that result with the average analyst price target of $58.44 from 20 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $47.72 per share.

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.

Key Risks

  • Book value quality matters as much as level — check loan loss reserves
  • Interest rate sensitivity creates non-linear earnings surprises
  • Insurance reserving is actuarial, not financial — errors emerge slowly