XNAS
ARCC
Market cap6.61bUSD
May 13, Last price
21.78USD
1D
0.88%
1Q
-4.93%
Jan 2017
32.08%
IPO
25.68%
Name
Ares Capital Corporation
Profile
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.
IPO date
Oct 08, 2012
Employees
1,200
Domiciled in
US
Incorporated in
US
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 2,436,000 16.83% | 2,085,000 181.38% | 741,000 -55.84% | |||||||
Cost of revenue | 43,000 | 398,000 | 505,000 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 2,393,000 | 1,687,000 | 236,000 | |||||||
NOPBT Margin | 98.23% | 80.91% | 31.85% | |||||||
Operating Taxes | 73,000 | 20,000 | 55,000 | |||||||
Tax Rate | 3.05% | 1.19% | 23.31% | |||||||
NOPAT | 2,320,000 | 1,667,000 | 181,000 | |||||||
Net income | 1,403,000 -7.82% | 1,522,000 153.67% | 600,000 -61.71% | |||||||
Dividends | (257,000) | (1,031,000) | (912,000) | |||||||
Dividend yield | 1.88% | 8.95% | 9.53% | |||||||
Proceeds from repurchase of equity | 1,364,000 | 1,155,000 | 1,001,000 | |||||||
BB yield | -9.99% | -10.03% | -10.46% | |||||||
Debt | ||||||||||
Debt current | 17,000 | 31,000 | ||||||||
Long-term debt | 28,000 | 12,351,000 | ||||||||
Deferred revenue | 12,843,000 | |||||||||
Other long-term liabilities | 12,582,000 | (24,884,000) | ||||||||
Net debt | (27,355,000) | (490,000) | (9,701,000) | |||||||
Cash flow | ||||||||||
Cash from operating activities | (2,128,000) | 511,000 | (1,359,000) | |||||||
CAPEX | ||||||||||
Cash from investing activities | (489,000) | (2,105,000) | ||||||||
Cash from financing activities | 2,424,000 | (284,000) | 1,210,000 | |||||||
FCF | 2,038,000 | 1,677,000 | 188,000 | |||||||
Balance | ||||||||||
Cash | 635,000 | 535,000 | 303,000 | |||||||
Long term investments | 26,720,000 | 21,780,000 | ||||||||
Excess cash | 27,233,200 | 430,750 | 22,045,950 | |||||||
Stockholders' equity | 1,000 | 463,000 | 21,537,000 | |||||||
Invested Capital | 28,253,000 | 22,705,250 | 583,000 | |||||||
ROIC | 9.11% | 14.32% | 41.85% | |||||||
ROCE | 8.47% | 7.29% | 1.07% | |||||||
EV | ||||||||||
Common stock shares outstanding | 624,000 | 575,000 | 518,000 | |||||||
Price | 21.89 9.29% | 20.03 8.45% | 18.47 -12.84% | |||||||
Market cap | 13,659,360 18.60% | 11,517,250 20.38% | 9,567,460 1.24% | |||||||
EV | (13,695,640) | 11,027,250 | 11,849,460 | |||||||
EBITDA | 2,393,000 | 1,687,000 | 262,000 | |||||||
EV/EBITDA | 6.54 | 45.23 | ||||||||
Interest | 659,000 | 530,000 | 455,000 | |||||||
Interest/NOPBT | 27.54% | 31.42% | 192.80% |