Archive
Company analysis, valuation work and earnings reviews.
5 reports
Brookfield Corporation (NYSE/TSX: BN)
Distributable earnings (DE) before realizations rose 13.9%, while DE per share rose 15.1%, as asset management and Wealth Solutions expanded; consolidated net income declined after a large fair-value swing.
Project Cedar: illustrative alternative asset manager
A worked example of valuing an alternative asset manager by separating recurring management economics from episodic carried interest and invested capital.
Project Northstar: illustrative consumer platform
A driver-led operating framework for understanding growth quality and the cash required to support it.
Private credit underwriting framework
A practical structure for evaluating debt service, liquidity, documentation and recovery under stress.
Earnings review framework
A repeatable approach to normalising earnings, identifying temporary factors and updating a forward view.