- BAM plans to double its business or better in 5 years implying 15% per year growth.
- BAM also expects to generate $39B of free cash flow over the same period. If half of the cash is allocated to buybacks, the return per share may be closer to 20%.
- This growth is possible due to the introduction of new businesses, namely Insurance, Transition, Technology, and Secondaries.
- Insurance and Transition seem particularly promising because of the total addressable market, global tailwinds, and Brookfield's existing skills.
For further details see:
Brookfield Investor Day 2021: Building Empire At Full Throttle