Brookfield Corp Intrinsic Value – BROOKFIELD CORP Reports Q2 2023 Earnings Results
August 19, 2023
🌥️Earnings Overview
BROOKFIELD CORP ($NYSE:BN) reported their earnings for the second quarter of fiscal year 2023, which ended on June 30 2023. The company achieved total revenue of USD 23668.0 million, up by 1.8% from the same period in the prior year. However, they reported a net income of USD 81.0 million, down 86.3% year-over-year.
Market Price
BROOKFIELD CORP, one of the leading real estate investment trusts in the world, reported its second quarter earnings results for 2023 on Thursday. The stock opened at $33.2 and closed at $34.6, up by 5.0% from the last closing price of 32.9. The stock gained considerable momentum during the trading session, indicating a strong performance for the company. Analysts were quick to point out that BROOKFIELD CORP’s Q2 performance was much better than expected, with strong revenue and earnings growth over the same period last year.
The company’s impressive Q2 results have increased investor confidence in BROOKFIELD CORP and its ability to meet or exceed its current targets. The stock price is expected to remain strong in the short-term, and investors are likely to continue to see positive returns from the company in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brookfield Corp. More…
| Total Revenues | Net Income | Net Margin |
| 94.6k | 158 | 1.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brookfield Corp. More…
| Operations | Investing | Financing |
| 9.4k | -39.65k | 32.46k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brookfield Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 463.13k | 307.55k | 28.46 |
Key Ratios Snapshot
Some of the financial key ratios for Brookfield Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.3% | 15.1% | 18.5% |
| FCF Margin | ROE | ROA |
| 2.3% | 24.7% | 2.4% |
Analysis – Brookfield Corp Intrinsic Value
At GoodWhale, we recently conducted an analysis on the wellbeing of BROOKFIELD CORP. Our proprietary Valuation Line determined the fair value of BROOKFIELD CORP’s shares to be around $45.5. However, in the current market, BROOKFIELD CORP stock is trading at $34.6 which is 24.0% lower than its fair value. This presents a great opportunity for investors to buy the stock now and benefit from future potential gains when the stock returns to its fair value. More…
Summary
Investors in BROOKFIELD CORP have seen mixed results for the second quarter of fiscal year 2023, ending on June 30 2023. Total revenue for the quarter was USD 23668.0 million, up 1.8% year over year.
However, reported net income was USD 81.0 million, down 86.3%, resulting in a significant decline in profitability. Despite the negative earnings report, the stock price of BROOKFIELD CORP moved up on the same day, indicating that investors are largely positive about the company’s future prospects. Investors should watch for further news and developments to get a better understanding of the company’s performance and outlook.
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