Where Will Brookfield Asset Management Be in 5 Years?

Brookfield Asset Management plans to double the size of its business by 2030, with fee-related earnings projected to grow to $5.8 billion, representing a 17% annualized growth. This growth is expected to double the stock price in about four years if the valuation remains the same. The company's dividend yield is 3.3%, and with distributable earnings expanding at an 18% annual rate, there will be ample capacity to double the dividend in the next five years. The main risks are a potential bear market and execution risk, but the company has a strong track record and is focused on long-term trends like decarbonization, deglobalization, and digitization.