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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

Chart & Performance

D1W1MN

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
FYFYFYFYFYFYFYFYFYFY
2024‑122023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
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%