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Research Alert: CFRA Retains Hold Rating On Shares Of Brookfield Corporation

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our CAD70 applying a conservative equity risk premium and a forward P/E of 14.3x compared to the five-year historical average at 16.0x that assumes a more conservative valuation framework. We are monitoring the pace of monetization across its operating businesses and distributions to limited partners in all private funds. BN's financial results are reported in U.S. dollars and our valuation metric takes into account the foreign exchange rate of USD1 equals CAD1.37. We think BN is well positioned for 2026 growth across all businesses. We decrease our 2026 distributed earnings (DE) by USD $0.20 to USD2.90 and 2027's by USD 0.10 to USD3.50, both just below the consensus, as we assess BN's realizations from investments that impact earnings in coming quarters. In Q1 2026, cash distributions were supported by solid operating earnings in BN's infrastructure, energy, and private equity businesses. BN believes capital markets remain constructive for high-quality, cash-flowing assets, including real estate.

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Research Alert: Ccl Industries: Q1 Beats Estimates, Aluminum And Energy Costs Pressure Margins

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CCL Industries posted Q1 2026 adjusted EPS of CAD1.20 vs. CAD1.17 consensus, though the beat was mechanical from buybacks rather than fundamental acceleration. Sales grew 2.8% to CAD1,939M vs. CAD1,925M consensus on 1.9% organic growth, while operating income was flat at CAD317.5M but beat the CAD299M estimate. The print removes downside risk but does not change the earnings trajectory, with limited catalyst for expansion absent margin recovery at Checkpoint and Innovia. Management expects the Pennsylvania aluminum facility to return to full operation in Q2 following equipment outages. The core CCL segment delivered 3.1% organic sales growth and 5.2% operating income increase to CAD210.8M despite capacity constraints. Geographically, mid-teens APAC growth and mid-single-digit Europe/Latin America growth offset single-digit North America declines from soft consumer markets. The balance sheet remains strong, with 0.85x leverage and CAD1B cash, supporting CAD130M in capital returns during the quarter.

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Research Alert: Strength In Asia Paced Manulife Financial's Q1 Results

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:MFC posted Q1 core EPS of CAD1.06 versus CAD0.99 prior year, missing our CAD1.10 estimate and CAD1.09 consensus view despite 11% Y/Y growth. Net income surged to CAD1.147B from CAD485M, due to lower market experience charges and underlying business growth. We are encouraged by these results, particularly Asia's standout performance, with core earnings up 22% to CAD820M, APE sales up 11%, and NBV up 15%, reinforcing the region as MFC's key growth engine. Management's call is scheduled for 8 a.m. EST tomorrow to provide additional color and outlook for 2026 amid macroeconomic uncertainty. Global WAM delivered core earnings of CAD448M, up 2% on constant currency, with EBITDA margin improving 60 bps to 29.0% despite eMPF transition headwinds. MFC maintained strong capital metrics with LICAT ratio of 136% and returned CAD1.2B to shareholders through dividends and buybacks, while book value per share reached an all-time high of CAD26.30.

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Research Alert: Strength In Asia Paced Manulife Financial's Q1 Results

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:MFC posted Q1 core EPS of CAD1.06 versus CAD0.99 prior year, missing our CAD1.10 estimate and CAD1.09 consensus view despite 11% Y/Y growth. Net income surged to CAD1.147B from CAD485M, due to lower market experience charges and underlying business growth. We are encouraged by these results, particularly Asia's standout performance, with core earnings up 22% to CAD820M, APE sales up 11%, and NBV up 15%, reinforcing the region as MFC's key growth engine. Management's call is scheduled for 8 a.m. EST tomorrow to provide additional color and outlook for 2026 amid macroeconomic uncertainty. Global WAM delivered core earnings of CAD448M, up 2% on constant currency, with EBITDA margin improving 60 bps to 29.0% despite eMPF transition headwinds. MFC maintained strong capital metrics with LICAT ratio of 136% and returned CAD1.2B to shareholders through dividends and buybacks, while book value per share reached an all-time high of CAD26.30.

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