Ares Capital Statistics

Total Valuation

Ares Capital has a market cap or net worth of $12.73 billion. The enterprise value is $23.89 billion.

Market Cap	12.73B
Enterprise Value	23.89B

Important Dates

The next confirmed earnings date is Tuesday, July 30, 2024, before market open.

Earnings Date	Jul 30, 2024
Ex-Dividend Date	Jun 14, 2024

Share Statistics

Ares Capital has 614.52 million shares outstanding. The number of shares has increased by 6.49% in one year.

Shares Outstanding	614.52M
Shares Change (YoY)	+6.49%
Shares Change (QoQ)	-0.84%
Owned by Insiders (%)	0.58%
Owned by Institutions (%)	29.16%
Float	n/a

Valuation Ratios

The trailing PE ratio is 7.09 and the forward PE ratio is 8.75. Ares Capital's PEG ratio is 3.95.

PE Ratio	7.09
Forward PE	8.75
PS Ratio	4.72
Forward PS	4.38
PB Ratio	1.07
P/FCF Ratio	n/a
PEG Ratio	3.95

Financial Ratio History

Enterprise Valuation

EV / Earnings	14.11
EV / Sales	8.86
EV / EBITDA	10.30
EV / EBIT	10.30
EV / FCF	n/a

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	0.99
Debt / EBITDA	5.06
Debt / FCF	n/a
Interest Coverage	3.85

Financial Efficiency

Return on equity (ROE) is 15.30% and return on invested capital (ROIC) is 7.93%.

Return on Equity (ROE)	15.30%
Return on Assets (ROA)	7.30%
Return on Capital (ROIC)	7.93%
Revenue Per Employee	$963,214
Profits Per Employee	$604,643
Employee Count	2,800
Asset Turnover	0.12
Inventory Turnover	n/a

Taxes

In the past 12 months, Ares Capital has paid $25.00 million in taxes.

Income Tax	25.00M
Effective Tax Rate	1.46%

Stock Price Statistics

The stock price has increased by +5.56% in the last 52 weeks. The beta is 1.05, so Ares Capital's price volatility has been similar to the market average.

Beta (5Y)	1.05
52-Week Price Change	+5.56%
50-Day Moving Average	21.10
200-Day Moving Average	20.28
Relative Strength Index (RSI)	40.05
Average Volume (20 Days)	2,876,820

Short Selling Information

The latest short interest is 17.32 million, so 2.82% of the outstanding shares have been sold short.

Short Interest	17.32M
Short Previous Month	16.66M
Short % of Shares Out	2.82%
Short % of Float	n/a
Short Ratio (days to cover)	4.67

Income Statement

In the last 12 months, Ares Capital had revenue of $2.70 billion and earned $1.69 billion in profits. Earnings per share was $2.92.

Revenue	2.70B
Gross Profit	1.94B
Operating Income	1.90B
Pretax Income	1.72B
Net Income	1.69B
EBITDA	2.32B
EBIT	2.32B
Earnings Per Share (EPS)	$2.92

Full Income Statement

Balance Sheet

The company has $577.00 million in cash and $11.74 billion in debt, giving a net cash position of -$11.17 billion or -$18.17 per share.

Cash & Cash Equivalents	577.00M
Total Debt	11.74B
Net Cash	-11.17B
Net Cash Per Share	-$18.17
Equity (Book Value)	11.87B
Book Value Per Share	19.32
Working Capital	n/a

Full Balance Sheet

Cash Flow

Operating Cash Flow	-382.00M
Capital Expenditures	n/a
Free Cash Flow	-382.00M
FCF Per Share	-$0.65

Full Cash Flow Statement

Margins

Gross margin is 72.01%, with operating and profit margins of 70.45% and 62.77%.

Gross Margin	72.01%
Operating Margin	70.45%
Pretax Margin	63.70%
Profit Margin	62.77%
EBITDA Margin	86.02%
EBIT Margin	86.02%
FCF Margin	-14.16%

Dividends & Yields

This stock pays an annual dividend of $1.92, which amounts to a dividend yield of 9.27%.

Dividend Per Share	$1.92
Dividend Yield	9.27%
Dividend Growth (YoY)	100.00%
Years of Dividend Growth	4
Payout Ratio	65.75%
Buyback Yield	-6.49%
Shareholder Yield	2.78%
Earnings Yield	13.30%
FCF Yield	-3.00%

Dividend Details

Analyst Forecast

The average price target for Ares Capital is $21.44, which is 3.53% higher than the current price. The consensus rating is "Buy".

Price Target	$21.44
Price Target Difference	3.53%
Analyst Consensus	Buy
Analyst Count	9
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Altman Z-Score	n/a
Piotroski F-Score	3