Ares Capital Corporation (ARCC)
Stock Price Chart
Key Info
| Market Cap | 6.25B |
| Revenue (ttm) | 1.49B |
| Net Income (ttm) | 44.00M |
| Shares Out | 422.62M |
| EPS (ttm) | 0.10 |
| PE Ratio | 148.00 |
| Forward PE | 9.32 |
| Dividend | $1.60 |
| Dividend Yield | 10.81% |
Stock Quote
| Trading Day | Aug 13, 2020 |
| Last Price | $14.80 |
| Previous Close | $15.00 |
| Change ($) | -0.20 |
| Change (%) | -1.33% |
| Day's Open | 14.99 |
| Day's Range | 14.75 - 15.08 |
| Day's Volume | 2,254,626 |
| 52-Week Range | 7.90 - 19.33 |
More Stats
| Market Cap | 6.25B |
| Enterprise Value | 13.46B |
| Earnings Date (est) | Oct 28, 2020 |
| Ex-Dividend Date | Jun 12, 2020 |
| Shares Outstanding | 422.62M |
| Float | n/a |
| EPS (basic) | 0.12 |
| EPS (diluted) | 0.10 |
| FCF / Share | -2.08 |
| Dividend | $1.60 |
| Dividend Yield | 10.81% |
| Earnings Yield | 0.68% |
| FCF Yield | n/a |
| Payout Ratio | n/a |
| Shares Short | 7.27M |
| Short Ratio | 4.11 |
| Short % of Float | 1.83% |
| Beta | 1.17 |
| PE Ratio | 148.00 |
| Forward PE | 9.32 |
| P/FCF Ratio | n/a |
| PS Ratio | 4.19 |
| PB Ratio | 0.95 |
| Revenue | 1.49B |
| Operating Income | 1.13B |
| Net Income | 44.00M |
| Free Cash Flow | -878.00M |
| Net Cash | -7.21B |
| Net Cash / Share | -17.06 |
| Gross Margin | 102.41% |
| Operating Margin | 75.74% |
| Profit Margin | 2.90% |
| FCF Margin | -58.85% |
| ROA | 4.98% |
| ROE | 0.63% |
| ROIC | n/a |
Analyst Summary
Analyst Consensus: Buy
Financial Performance
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,528 | 1,337 | 1,160 | 1,012 | 1,025 | 989 | 882 | 748 | 634 | 483 |
| Revenue Growth | 14.29% | 15.26% | 14.62% | -1.27% | 3.64% | 12.17% | 17.87% | 17.89% | 31.26% | - |
| Gross Profit | 1,163 | 995 | 844 | 757 | 797 | 713 | 655 | 535 | 451 | 355 |
| Operating Income | 1,118 | 953 | 755 | 701 | 753 | 672 | 616 | 503 | 412 | 301 |
| Net Income | 793 | 858 | 667 | 474 | 379 | 591 | 489 | 508 | 319 | 692 |
| Shares Outstanding | 427 | 426 | 425 | 314 | 314 | 305 | 267 | 230 | 205 | 177 |
| Earnings Per Share | 1.86 | 2.01 | 1.57 | 1.51 | 1.20 | 1.94 | 1.83 | 2.21 | 1.56 | 3.91 |
| EPS Growth | -7.46% | 28.03% | 3.97% | 25.83% | -38.14% | 6.01% | -17.19% | 41.67% | -60.1% | - |
| Dividend Per Share | 1.68 | 1.54 | 1.52 | 1.52 | 1.57 | 1.57 | 1.57 | 1.60 | 1.41 | 1.40 |
| Dividend Growth | 9.09% | 1.32% | 0% | -3.18% | 0% | 0% | -1.88% | 13.48% | 0.71% | - |
| Operating Cash Flow | -1,210 | 304 | -2,048 | 707 | 360 | -659 | -1,298 | -251 | -397 | -656 |
| Free Cash Flow | -1,210 | 304 | -2,048 | 707 | 360 | -659 | -1,298 | -251 | -397 | -656 |
| Cash & Equivalents | 176 | 296 | 316 | 223 | 257 | 195 | 150 | 269 | 121 | 101 |
| Total Debt | 7,092 | 5,247 | 4,854 | 3,874 | 4,114 | 3,924 | 2,986 | 2,196 | 2,074 | 1,379 |
| Net Cash / Debt | -6,916 | -4,951 | -4,538 | -3,651 | -3,857 | -3,730 | -2,837 | -1,927 | -1,953 | -1,278 |
| Assets | 14,905 | 12,895 | 12,347 | 9,245 | 9,507 | 9,498 | 8,142 | 6,401 | 5,387 | 4,563 |
| Liabilities | 7,438 | 5,595 | 5,249 | 4,080 | 4,334 | 4,214 | 3,237 | 2,413 | 2,240 | 1,512 |
| Book Value | 7,467 | 7,300 | 7,098 | 5,165 | 5,173 | 5,284 | 4,904 | 3,988 | 3,147 | 3,051 |
Company Profile
Company Details
| Full Name | Ares Capital Corporation |
| Country | United States |
| CEO | R. Kipp deVeer |
Stock Information
| Ticker Symbol | ARCC |
| Stock Exchange | NASDAQ |
| Sector | Financial Services |
| Industry | Asset Management |
| Unique Identifier | NASDAQ: ARCC |
| IPO Date | October 6, 2004 |
Description
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.