MeritValue

BROOKFIELD Corp /ON/

BNdata completeness 100%10 fiscal years on file

Data notes: no data for concept 'pretaxIncome'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$75.7B1$92.8B2$95.9B3$86B4$75.1B4
Net income$3.97B5$2.06B6$1.13B7$641M8$1.31B8
Operating cash flow$7.87B9$8.75B10$6.47B11$7.57B12$11B12
Capital expenditure$6.88B13$7.24B14$8.07B15$11.2B16$14.8B16
Free cash flow (derived)$993M9$1.52B10−$1.6B11−$3.6B12−$3.79B12
Total debt$10.9B17$11.4B18$12.2B19$14.2B20$14.3B20
Cash & equivalents$12.7B21$14.4B22$11.2B23$15.1B23$16.2B23
Diluted shares1.54B1.57B1.56B2.27B2.25B

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
4.4e-7%
of the whole company
Your share of last year’s profit
$5.82
Your share of its debt
$63.63
Your share of free cash flow
−$16.88
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
$6.13
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$1.31B
  • growthAssumed0.0%
Graham Number
$28.55
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 40-F · period ending 2021-12-31 · accession 0001001085-23-000007 (Revenue)
  2. 40-F · period ending 2022-12-31 · accession 0001001085-24-000007 (Revenue)
  3. 40-F · period ending 2023-12-31 · accession 0001001085-25-000007 (Revenue)
  4. 40-F · period ending 2024-12-31 · accession 0001001085-26-000006 (Revenue)
  5. 40-F · period ending 2021-12-31 · accession 0001001085-23-000007 (ProfitLossAttributableToOwnersOfParent)
  6. 40-F · period ending 2022-12-31 · accession 0001001085-24-000007 (ProfitLossAttributableToOwnersOfParent)
  7. 40-F · period ending 2023-12-31 · accession 0001001085-25-000007 (ProfitLossAttributableToOwnersOfParent)
  8. 40-F · period ending 2024-12-31 · accession 0001001085-26-000006 (ProfitLossAttributableToOwnersOfParent)
  9. 40-F · period ending 2021-12-31 · accession 0001001085-23-000007 (CashFlowsFromUsedInOperatingActivities)
  10. 40-F · period ending 2022-12-31 · accession 0001001085-24-000007 (CashFlowsFromUsedInOperatingActivities)
  11. 40-F · period ending 2023-12-31 · accession 0001001085-25-000007 (CashFlowsFromUsedInOperatingActivities)
  12. 40-F · period ending 2024-12-31 · accession 0001001085-26-000006 (CashFlowsFromUsedInOperatingActivities)
  13. 40-F · period ending 2021-12-31 · accession 0001001085-23-000007 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  14. 40-F · period ending 2022-12-31 · accession 0001001085-24-000007 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  15. 40-F · period ending 2023-12-31 · accession 0001001085-25-000007 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  16. 40-F · period ending 2024-12-31 · accession 0001001085-26-000006 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  17. 40-F · period ending 2021-12-31 · accession 0001001085-23-000007 (Borrowings)
  18. 40-F · period ending 2022-12-31 · accession 0001001085-24-000007 (Borrowings)
  19. 40-F · period ending 2023-12-31 · accession 0001001085-25-000007 (Borrowings)
  20. 40-F · period ending 2024-12-31 · accession 0001001085-26-000006 (Borrowings)
  21. 40-F · period ending 2021-12-31 · accession 0001001085-24-000007 (CashAndCashEquivalents)
  22. 40-F · period ending 2022-12-31 · accession 0001001085-25-000007 (CashAndCashEquivalents)
  23. 40-F · period ending 2023-12-31 · accession 0001001085-26-000006 (CashAndCashEquivalents)