Subject: Stephen Framton's Analysis
This is an excellent analysis and valuation of BN & BAM by Stephen Frampton on Seeking Alpha. The author had a similar analysis of Amazon.

To sum, BAM is currently priced around $32, and estimated to return around 20% a year into 2027, though its valuation is a little tight relative to BN, which trades at $35, and after consulting two different valuation methods, is also likely to return around 20% from this level, though this estimate is more uncertain than BAM's. Assuming a minimum required rate of return of 15%, conservative fair value of BAM is near $35, and BN $41. Both are quality, growing and at least doubles by 2027, with the ability to be more. A pure value investor may lean more to BN, while other investors may lean towards BAM.

Both Brookfield entities appear ready to return at least 15% annually into 2027, with more upside possible.

https://seekingalpha.com/artic...