Brookfield Asset Management Ltd. (BAM) vs KKR & Co. Inc. (KKR)

Brookfield Asset Management Ltd. and KKR & Co. Inc. are both Asset Management companies. KKR & Co. Inc. is the larger, with a market value of $86.4B against $73.0B — 1.2× the size. Brookfield Asset Management Ltd. trades at the lower P/E: 25.6× against 28.8×. Brookfield Asset Management Ltd. grew revenue faster over the last twelve months: 31.9% against 31.1%. Brookfield Asset Management Ltd. has the higher net margin (48.9% vs 14.0%) and the higher return on invested capital (19.7% vs 1.08%). Both pay a dividend; Brookfield Asset Management Ltd. yields more (3.73% vs 0.73%). Across the 23 metrics below, Brookfield Asset Management Ltd. leads on 19 and KKR & Co. Inc. on 4.

Valuation

Metric BAM KKR Asset Management median
P/E 25.63 28.77 14.62
P/S 12.42 4.06 2.97
P/B 7.75 1.16 0.94
Price to free cash flow 32.62 37.00 8.93
EV/EBITDA 20.45 69.76 10.32
EV/Sales 12.77 5.58 5.72
Earnings yield 3.90% 3.48% 4.53%
Free cash flow yield 3.07% 2.70% 4.65%

Profitability

Metric BAM KKR Asset Management median
Gross margin 100.00% 44.08% 100.00%
Operating margin 61.57% 8.92% 33.03%
Net margin 48.89% 14.03% 13.53%
Free cash flow margin 40.81% 10.98% 12.44%
Return on equity 30.56% 4.23% 4.83%
Return on assets 15.49% 0.75% 1.57%
Return on invested capital 19.65% 1.08% 3.04%

Growth

Metric BAM KKR Asset Management median
Revenue growth (TTM) 31.85% 31.14% 6.97%
EPS growth (last fiscal year) 14.29% (28.66%) —
Revenue growth, 5-year CAGR 16.19% 35.69% 12.13%
Net income growth, 5-year CAGR 43.87% 2.96% 0.00%

Health

Metric BAM KKR Asset Management median
Debt to equity 0.44 0.69 0.42
Current ratio 0.75 0.09 1.28
Net debt to EBITDA 0.32 61.23 1.06

Dividend

Metric BAM KKR Asset Management median
Dividend yield 3.73% 0.73% 6.92%
Payout ratio — — 0.77

Size

Metric BAM KKR Asset Management median
Market cap 72.97b 86.42b 721.34m

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