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Ares Management Corporation (ARES)

Stock Price: $40.74 USD 0.80 (2.00%)
Updated Aug 3, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 20.18B
Revenue (ttm) 1.30B
Net Income (ttm) 72.90M
Shares Out 132.46M
EPS (ttm) 0.39
PE Ratio 104.46
Forward PE 22.94
Dividend $1.60
Dividend Yield 3.93%

Stock Quote

Trading Day Aug 3, 2020
Last Price $40.74
Previous Close $39.94
Change ($) 0.80
Change (%) 2.00%
Day's Open 39.88
Day's Range 39.88 - 40.95
Day's Volume 642,424
52-Week Range 20.20 - 41.88

More Stats

Market Cap 20.18B
Enterprise Value 28.10B
Earnings Date (est) Aug 5, 2020
Ex-Dividend Date Jun 15, 2020
Shares Outstanding 132.46M
Float 106.87M
EPS (basic) 0.42
EPS (diluted) 0.39
FCF / Share -17.85
Dividend $1.60
Dividend Yield 3.93%
Earnings Yield 0.96%
FCF Yield n/a
Payout Ratio 323.80%
Shares Short 4.70M
Short Ratio 3.24
Short % of Float 4.69%
Beta 1.29
PE Ratio 104.46
Forward PE 22.94
P/FCF Ratio n/a
PS Ratio 15.50
PB Ratio 8.93
Revenue 1.30B
Operating Income 126.00M
Net Income 72.90M
Free Cash Flow -2.11B
Net Cash -7.92B
Net Cash / Share -16.00
Gross Margin 47.24%
Operating Margin 9.68%
Profit Margin 3.90%
FCF Margin -162.35%
ROA 0.77%
ROE -1.42%
ROIC 2.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (13)

Buy 11
Overweight 0
Hold 2
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$43.50*
(6.77% upside)
Low
36.0
Current: $40.74
High
49.0
Target: 43.50
*Average 12-month price target from 12 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year201920182017201620152014201320122011
Revenue1,7659581,4801,254814604479334207
Revenue Growth84.2%-35.24%17.98%54.02%34.87%26.16%43.29%61.4%-
Gross Profit1,7659581,4801,254814604479334207
Operating Income30388.10-24.8223845.40-256-323-424-261
Net Income14957.0276.1811219.3834.99--97.35
Shares Outstanding10896.0281.8480.7580.6780.3679.72--
Earnings Per Share1.060.300.621.200.230.43---
EPS Growth253.33%-51.61%-48.33%421.74%-46.51%----
Dividend Per Share1.281.331.130.830.880.42---
Dividend Growth-3.98%17.96%36.14%-5.68%109.52%----
Operating Cash Flow-2,083-1,417-1,863-626-5281,5332,1752,7482,489
Capital Expenditures-16.80-18.42-33.16-11.91-10.68-16.66-12.06-3.52-4.80
Free Cash Flow-2,100-1,435-1,896-638-5391,5162,1632,7442,484
Cash & Equivalents7454956757982811,4961,7411,7901,575
Total Debt8,5667,3685,7183,3922,57513,44914,32114,78414,123
Net Cash / Debt-7,822-6,873-5,042-2,594-2,294-11,953-12,580-12,994-12,548
Assets12,01410,1558,5645,8304,32121,63923,70524,49623,735
Liabilities10,1568,7607,1034,4523,32914,88016,03016,37314,996
Book Value768588574293247284526494355
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Ares Management Corporation
Country United States
Employees 1,200
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.