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Ares Management Corporation (ARES)

Stock Price: $41.86 USD -0.20 (-0.48%)
Updated Oct 29, 2020 12:42 PM EDT - Market open

Stock Price Chart

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

Analyst Consensus: Buy

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

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 1,300
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.