Brookfield Corporation (BN.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-206.9%

-CA$61.98

vs CA$57.95 price

Levered DCF

-CA$177.08

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.57

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	88.25×	123.47×	43.08×	17.17×	13.18×	-185.41×	11.71×	5.96×
P/B	2.16×	1.26×	0.91×	0.75×	1.08×	0.94×	0.86×	0.66×
P/S	1.31×	0.67×	0.43×	0.35×	0.66×	0.54×	0.44×	0.35×
EV / EBITDA	10.79×	9.51×	8.6×	9.28×	7.42×	12.39×	9.59×	8.53×
Gross margin	13.0%	21.0%	15.1%	15.4%	15.5%	24.5%	22.3%	19.8%
Operating margin	24.4%	20.9%	15.1%	15.2%	15.3%	15.1%	14.9%	14.2%
Net margin	1.7%	0.7%	1.2%	2.2%	5.2%	-0.2%	4.1%	6.3%
Current ratio	1.27×	0.65×	0.51×	0.69×	0.86×	0.85×	0.86×	1.16×
Debt / equity	5.69×	5.11×	5.11×	4.89×	3.8×	4.37×	4.25×	3.97×
Interest coverage	1.05×	1.08×	0.93×	1.32×	1.53×	1.31×	1.4×	1.66×
Dividend yield	0.7%	1.1%	1.4%	3.1%	3.0%	2.7%	2.6%	3.7%
Payout ratio	54.1%	103.4%	53.3%	50.0%	37.5%	-681.2%	27.5%	20.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.8%	1.4%	2.5%	4.7%	8.6%	-0.4%	8.0%	12.0%
Return on invested capital	2.8%	2.6%	2.6%	2.7%	2.7%	1.3%	3.0%	3.3%
Return on assets	0.3%	0.1%	0.2%	0.5%	1.0%	-0.0%	0.9%	1.4%
Free cash flow yield	-3.7%	-5.9%	-3.9%	4.4%	2.0%	13.6%	11.1%	15.3%
Earnings yield	1.3%	1.1%	2.7%	6.3%	7.9%	-0.4%	9.3%	18.1%
Enterprise value	CA$359B	CA$277.6B	CA$264.1B	CA$232.5B	CA$213.2B	CA$180.3B	CA$172.2B	CA$129.6B
Net debt / EBITDA	7.69×	7.53×	7.25×	7.97×	5.68×	10.08×	7.92×	7.23×
Cash conversion cycle (days)	-35	-47	-41	-37	-40	-68	-37	-2