XNYSARES
Market cap35bUSD
Dec 24, Last price
181.06USD
1D
1.15%
1Q
14.56%
Jan 2017
843.02%
IPO
873.44%
Name
Ares Management Corp
Chart & Performance
Profile
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.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 3,631,884 18.87% | 3,055,443 -27.46% | 4,212,091 138.77% | |||||||
Cost of revenue | 2,754,366 | 2,318,487 | 3,305,055 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 877,518 | 736,956 | 907,036 | |||||||
NOPBT Margin | 24.16% | 24.12% | 21.53% | |||||||
Operating Taxes | 172,971 | 71,891 | 147,385 | |||||||
Tax Rate | 19.71% | 9.76% | 16.25% | |||||||
NOPAT | 704,547 | 665,065 | 759,651 | |||||||
Net income | 474,326 209.12% | 153,445 -58.37% | 368,624 207.22% | |||||||
Dividends | (1,030,666) | (836,364) | (604,356) | |||||||
Dividend yield | 4.43% | 6.96% | 4.13% | |||||||
Proceeds from repurchase of equity | (1,116,922) | (188,476) | 638,545 | |||||||
BB yield | 4.80% | 1.57% | -4.36% | |||||||
Debt | ||||||||||
Debt current | 176,640 | 168,046 | 127,771 | |||||||
Long-term debt | 15,900,497 | 13,356,806 | 12,571,520 | |||||||
Deferred revenue | (61,410) | (75,629) | ||||||||
Other long-term liabilities | 13,966 | 1,616,541 | 1,406,230 | |||||||
Net debt | (4,647,167) | (4,769,143) | (5,194,497) | |||||||
Cash flow | ||||||||||
Cash from operating activities | (233,261) | (734,112) | (2,596,045) | |||||||
CAPEX | (67,183) | (35,796) | (27,226) | |||||||
Cash from investing activities | (111,079) | (337,379) | (1,084,633) | |||||||
Cash from financing activities | 292,126 | 1,128,063 | 3,503,625 | |||||||
FCF | (1,841,236) | 25,819 | 3,040,266 | |||||||
Balance | ||||||||||
Cash | 1,497,785 | 1,114,628 | 1,392,846 | |||||||
Long term investments | 19,226,519 | 17,179,367 | 16,500,942 | |||||||
Excess cash | 20,542,710 | 18,141,223 | 17,683,183 | |||||||
Stockholders' equity | 2,083,277 | 1,827,864 | 1,900,867 | |||||||
Invested Capital | 19,032,680 | 16,860,121 | 15,738,376 | |||||||
ROIC | 3.93% | 4.08% | 5.45% | |||||||
ROCE | 4.16% | 3.93% | 5.12% | |||||||
EV | ||||||||||
Common stock shares outstanding | 195,773 | 175,511 | 180,112 | |||||||
Price | 118.92 73.76% | 68.44 -15.79% | 81.27 72.73% | |||||||
Market cap | 23,281,376 93.82% | 12,011,959 -17.94% | 14,637,724 108.09% | |||||||
EV | 21,215,123 | 9,452,195 | 11,432,426 | |||||||
EBITDA | 1,109,230 | 1,078,297 | 1,020,329 | |||||||
EV/EBITDA | 19.13 | 8.77 | 11.20 | |||||||
Interest | 860,876 | |||||||||
Interest/NOPBT | 98.10% |