BROOKFIELD Corp /ON/ (BNJ) Stock Analysis
BROOKFIELD Corp /ON/
▾ What's in the 43/100 risk score? (higher = riskier)
Contributions (weight × component score) sum to the total. This near-term score now includes fundamental health (leverage, FCF trend). See the Financial Health section for the full balance-sheet read.
How to read BNJ (REIT)
REITs pay out most of their cash, so judge them on cash distributions and the value of their property — not on earnings or a standard DCF.
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REIT lens (P/AFFO + dividend yield) ↓
Price-to-AFFO and the dividend yield are the real cheap/expensive gauges for real estate.
Standard DCF doesn't fit BNJ well — but that's expected for this kind of business. The REIT Valuation Lens below uses the metrics actually used by analysts who value reits. Reverse DCF + Football Field also work as cross-checks.
Quality & solvency checks
Cheap stocks can be cheap for a reason. These screens warn when a low valuation comes paired with structural fragility.
Why it matters: Cheap-looking stocks (low P/E or P/B) often have low Z-scores because the market knows the company is dying. Z-score warns you before you fall into a value trap.
Reference: > 3.0 = safe zone · 1.81–3.0 = grey zone · < 1.81 = distress zone
Full explanation →
REITs deliberately carry high leverage backed by long-life real estate and pay out 90%+ of taxable income — both inputs that Altman Z flags as distress. See the REIT Valuation Lens above for P/AFFO, dividend yield and payout ratio.
Why it matters: High score = fundamentals improving. Low score = deteriorating. Especially powerful for filtering cheap stocks: cheap + high F-score historically outperforms; cheap + low F-score is often a value trap.
Reference: 7–9 = strong · 4–6 = mediocre · 0–3 = weak
Full explanation →
Piotroski F's checks (operating cash flow, gross-margin trend, current ratio, asset turnover) assume an industrial cost structure, so they misread asset-heavy or financial businesses like this one — a healthy REIT, utility, pipeline, BDC/fund or holding company can score low for reasons that aren't weakness. See the sector lens above for the metrics that actually matter.
A standard discounted cash flowDCF — Discounted Cash Flow — sums up all future cash a business will produce, adjusted for the fact that future dollars are worth less than dollars today.
Why it matters: It is the most fundamentally honest valuation method when applicable — but only works for companies with predictable, positive cash flow.
Reference: Best for: mature, profitable businesses. Fails for: pre-profit growth, banks, REITs.
Full explanation → valuation is not meaningful for Brookfield Corp due to its complex structure and the nature of its assets, which often involve long-term capital appreciation rather than predictable short-term cash flows. While the company is profitable, with positive net income in the latest period and 5 out of 5 years, its valuation is likely driven by the market's perception of its underlying asset value and future growth in its diverse investment portfolio. Investors are betting on the long-term appreciation of its real estate, infrastructure, and private equity holdings. The #1 quantifiable risk is its franchise/durability score of 0/5, indicating a lack of clear, sustainable competitive advantages.
As of 3 months ago
Anatomy of a share
What you're buying per share. Bars are at the same scale so you can see the relative size of revenue, costs, cash flow, and debt — not just read them in a table.
What you actually need to decide
Every stock price is a disagreement. Here's the single thing that must go right for the bulls, the single thing that breaks the thesis, and the concrete signposts to watch so you can update your view as real results arrive.
- Growth in assets under management (AUM)
- Performance of key investment funds
- Successful capital deployment into new projects
The trend, in plain numbers (FY2024 → FY2025, latest reported)
Straight from the financial statements — no model, no opinion. For a small or unprofitable company, the direction of these numbers usually tells you more than any single valuation.
- Net income grew +75% to $3.24B.
Nothing was clearly worsening year-over-year.
Management & Leadership
Brookfield Corporation is led by CEO Bruce Flatt, who also serves as a managing partner. He has been instrumental in shaping Brookfield's strategy and growth over several decades, overseeing its expansion into a global alternative asset manager. Cyrus Madon serves as President.
What They Make
Brookfield Corporation is a global alternative asset manager that invests in and operates real assets, focusing on real estate, infrastructure, renewable power, private equity, and credit. Its diverse portfolio serves institutional and retail investors seeking long-term capital appreciation and income.
End Markets
Revenue Drivers
Why Is It Priced Like This?
Why Customers Pay
What we use instead: earnings (P/E, EV/EBIT), book value (P/B) — computed from the figures this company does report, shown in the sections below. Those numbers are unaffected by the missing cash-flow data.
The market prices Brookfield Corp based on expectations for the long-term value appreciation of its vast and diversified portfolio of real assets, rather than current free cash flowFree Cash Flow (FCF) — Operating cash flow minus capital spending: cash left after a company covers operating costs, taxes and interest and reinvests in the business — but BEFORE repaying debt principal or paying dividends. The cash actually available to investors.
Why it matters: A company can show big profits on paper while burning through cash. FCF is what actually fills the bank account.
Reference: Healthy mature businesses convert 8–15% of revenue into FCF · Growth companies often negative
Full explanation →, which can be erratic for such an entity. The company's consistent profitability, with positive net income in the latest period and 5 out of 5 years, provides a foundation, but the market is likely focused on the growth potential of its underlying investments and its ability to raise and deploy capital effectively.
Business Model & Valuation
How They Make Money
Dividend Discount
REIT (REITs): dividend discount model - GAAP earnings distort REIT valuations.
Show advanced inputs
What this model does NOT do: this is a consolidated owner-earnings FCF model. Standalone segment assumptions: none. It does not project lots/units, inventory turnover and gross margin per unit independently; their combined effect is embedded in the historical revenue and cash-flow trend the model extrapolates. The calculator above can only approximate a segment's impact through the single consolidated growth rate — it cannot model any one line separately. For a true segment-level view, build a separate model from the company's segment disclosures.
Maturity & Competitive Position
Moat Signals
The company has been profitable for 5 out of 5 years, indicating a consistent ability to generate net income.
Geography & Markets
Brookfield Corporation is headquartered in Toronto, Canada, but operates globally with significant investments across North America, South America, Europe, Asia, and Australia. Specific geographic mix percentages are not available in the current data.
Geographic Risks
Market Signals
These are timing signals, not value signals — they describe the stock's recent price behavior, not what the business is worth. Use them for the "the thesis looks good, but is now the moment?" question. Each tile below explains what it's saying.
Why it matters: Short-term contrarian indicator. Extreme readings often precede mean reversion, though not always.
Reference: 30–70 normal · >70 overbought · <30 oversold
Full explanation → (14)50.6NeutralMomentum is balanced — neither overbought nor oversold.
Why it matters: When the fast line crosses above the slow line, short-term momentum is turning up; below, turning down. A timing cue, not a value signal.
Reference: Line above signal = bullish momentum · below = bearish
Full explanation →BullishLine above signalThe fast trend is above the slow trend — short-term momentum is currently upward.
Technicals describe price, not the business. A great company can have a "bearish" tape (a buying chance) and a weak one a "bullish" tape (a trap). Pair these with the valuation and health sections above.
QUALITY
Data Quality & Risk Flags (7 notes — click to expand/collapse)
Guardrail Notes (7)
- No dividend data. Assuming 3% yield.
- Shares from unknown — per-share values may be less accurate.
- Illiquidity discount 25% applied (small/micro-cap — harder to exit, demand a margin).
- Dividend data sparse; DDM using estimated yield. Confidence reduced.
- Shares/market cap missing or defaulted; per-share valuation unreliable.
- Shares defaulted to 1; IV is NOT meaningful — treat as data-unavailable.
- DATA UNAVAILABLE: per-share values suppressed due to missing/unreliable shares data.
FINANCIALS
Financial Statements (5-year tables — click to expand)
From BROOKFIELD Corp /ON/'s SEC filings (EDGAR).
Income (5yr)
| Year | Revenue | Net Income | EPS |
|---|---|---|---|
| 2025 | — | 3.2B | — |
| 2024 | — | 1.9B | — |
| 2023 | — | 5.1B | — |
| 2022 | — | 5.2B | — |
| 2021 | — | 12.4B | — |
Balance Sheet
| Total Assets | 519.0B |
| Total Liabilities | 352.8B |
| Equity | — |
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