Ares Management Corporation (ARES)
Stock Price:
$41.86 USD
-0.20 (-0.48%)
Updated Oct 29, 2020 12:42 PM EDT - Market open
Key Info
| Market Cap |
21.27B |
| Revenue (ttm) |
1.52B |
| Net Income (ttm) |
97.13M |
| Shares Out |
143.21M |
| EPS (ttm) |
0.56 |
| PE Ratio |
74.75 |
| Forward PE |
19.61 |
| Dividend |
$1.60 |
| Dividend Yield |
3.82% |
Stock Quote
| Trading Day |
Oct 29, 2020 |
| Last Price |
$41.86 |
| Previous Close |
$42.06 |
| Change ($) |
-0.20 |
| Change (%) |
-0.48% |
| Day's Open |
42.25 |
| Day's Range |
41.29 - 42.33 |
| Day's Volume |
175,182 |
| 52-Week Range |
20.20 - 45.44 |
More Stats
| Market Cap |
21.27B |
| Enterprise Value |
30.33B |
| Earnings Date (est) |
Feb 18, 2021 |
| Ex-Dividend Date |
Sep 15, 2020 |
| Shares Outstanding |
143.21M |
| Float |
106.06M |
| EPS (basic) |
0.54 |
| EPS (diluted) |
0.56 |
| FCF / Share |
-7.20 |
| Dividend |
$1.60 |
| Dividend Yield |
3.82% |
| Earnings Yield |
1.34% |
| FCF Yield |
n/a |
| Payout Ratio |
266.70% |
| Shares Short |
3.69M |
| Short Ratio |
5.01 |
| Short % of Float |
3.48% |
| Beta |
1.20 |
| PE Ratio |
74.75 |
| Forward PE |
19.61 |
| P/FCF Ratio |
n/a |
| PS Ratio |
14.00 |
| PB Ratio |
9.93 |
| Revenue |
1.52B |
| Operating Income |
196.07M |
| Net Income |
97.13M |
| Free Cash Flow |
-961.77M |
| Net Cash |
-9.05B |
| Net Cash / Share |
-17.82 |
| Gross Margin |
40.47% |
| Operating Margin |
12.90% |
| Profit Margin |
5.00% |
| FCF Margin |
-63.29% |
| ROA |
1.09% |
| ROE |
6.50% |
| ROIC |
2.20% |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Forecasts
Analyst Ratings (13)
| Buy |
11 |
| Overweight |
0 |
| Hold |
2 |
| Underweight |
0 |
| Sell |
0 |
Price Target
$47.00*
(12.28% upside)
Low
42.0
Current: $41.86
High
50.0
Target: 47.00
*Average 12-month price target from 12 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|
| Revenue | 1,765 | 958 | 1,480 | 1,254 | 814 | 604 | 479 | 334 | 207 |
| Revenue Growth | 84.2% | -35.24% | 17.98% | 54.02% | 34.87% | 26.16% | 43.29% | 61.4% | - |
| Gross Profit | 1,765 | 958 | 1,480 | 1,254 | 814 | 604 | 479 | 334 | 207 |
| Operating Income | 303 | 88.10 | -24.82 | 238 | 45.40 | -256 | -323 | -424 | -261 |
| Net Income | 149 | 57.02 | 76.18 | 112 | 19.38 | 34.99 | - | - | 97.35 |
| Shares Outstanding | 108 | 96.02 | 81.84 | 80.75 | 80.67 | 80.36 | 79.72 | - | - |
| Earnings Per Share | 1.06 | 0.30 | 0.62 | 1.20 | 0.23 | 0.43 | - | - | - |
| EPS Growth | 253.33% | -51.61% | -48.33% | 421.74% | -46.51% | - | - | - | - |
| Dividend Per Share | 1.28 | 1.33 | 1.13 | 0.83 | 0.88 | 0.42 | - | - | - |
| Dividend Growth | -3.98% | 17.96% | 36.14% | -5.68% | 109.52% | - | - | - | - |
| Operating Cash Flow | -2,083 | -1,417 | -1,863 | -626 | -528 | 1,533 | 2,175 | 2,748 | 2,489 |
| Capital Expenditures | -16.80 | -18.42 | -33.16 | -11.91 | -10.68 | -16.66 | -12.06 | -3.52 | -4.80 |
| Free Cash Flow | -2,100 | -1,435 | -1,896 | -638 | -539 | 1,516 | 2,163 | 2,744 | 2,484 |
| Cash & Equivalents | 745 | 495 | 675 | 798 | 281 | 1,496 | 1,741 | 1,790 | 1,575 |
| Total Debt | 8,566 | 7,368 | 5,718 | 3,392 | 2,575 | 13,449 | 14,321 | 14,784 | 14,123 |
| Net Cash / Debt | -7,822 | -6,873 | -5,042 | -2,594 | -2,294 | -11,953 | -12,580 | -12,994 | -12,548 |
| Assets | 12,014 | 10,155 | 8,564 | 5,830 | 4,321 | 21,639 | 23,705 | 24,496 | 23,735 |
| Liabilities | 10,156 | 8,760 | 7,103 | 4,452 | 3,329 | 14,880 | 16,030 | 16,373 | 14,996 |
| Book Value | 768 | 588 | 574 | 293 | 247 | 284 | 526 | 494 | 355 |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
Ares Management Corporation |
| Country |
United States |
| Employees |
1,300 |
| CEO |
Michael J. Arougheti |
Stock Information
| Ticker Symbol |
ARES |
| Stock Exchange |
New York Stock Exchange |
| Sector |
Financial Services |
| Industry |
Asset Management |
| Unique Identifier |
NYSE: ARES |
| IPO Date |
May 2, 2014 |
Description
Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.