Ares Management Corporati... (ARES)
Ares Management Statistics
Share Statistics
Ares Management has 214.98M shares outstanding. The number of shares has increased by 4.3% in one year.
| Shares Outstanding | 214.98M |
| Shares Change (YoY) | 4.3% |
| Shares Change (QoQ) | 2.88% |
| Owned by Institutions (%) | 89.62% |
| Shares Floating | 202.31M |
| Failed to Deliver (FTD) Shares | 48 |
| FTD / Avg. Volume | < 0.01% |
Short Selling Information
The latest short interest is 6.45M, so 2.95% of the outstanding shares have been sold short.
| Short Interest | 6.45M |
| Short % of Shares Out | 2.95% |
| Short % of Float | 3.15% |
| Short Ratio (days to cover) | 1.69 |
Valuation Ratios
The PE ratio is 75.61 and the forward PE ratio is 23.03. Ares Management's PEG ratio is 48.58.
| PE Ratio | 75.61 |
| Forward PE | 23.03 |
| PS Ratio | 6.75 |
| Forward PS | 4.6 |
| PB Ratio | 9.89 |
| P/FCF Ratio | 12.99 |
| PEG Ratio | 48.58 |
Enterprise Valuation
Ares Management has an Enterprise Value (EV) of 45.47B.
| EV / Sales | 8.76 |
| EV / EBITDA | 18.85 |
| EV / EBIT | 16.29 |
| EV / FCF | 16.84 |
Financial Position
The company has a current ratio of 6.62, with a Debt / Equity ratio of 3.71.
| Current Ratio | 6.62 |
| Quick Ratio | 6.62 |
| Debt / Equity | 3.71 |
| Debt / EBITDA | 5.45 |
| Debt / FCF | 4.87 |
| Interest Coverage | 2.3 |
Financial Efficiency
Return on Equity is 13.09% and Return on Invested Capital is 27.71%.
| Return on Equity | 13.09% |
| Return on Assets | 1.86% |
| Return on Invested Capital | 27.71% |
| Revenue Per Employee | $1.62M |
| Profits Per Employee | $144.92K |
| Employee Count | 3,200 |
| Asset Turnover | 0.21 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 164.62M |
| Effective Tax Rate | 12.91% |
Stock Price Statistics
The stock price has increased by 15.92% in the last 52 weeks. The beta is 1.34, so Ares Management's price volatility has been higher than the market average.
| Beta | 1.34 |
| 52-Week Price Change | 15.92% |
| 50-Day Moving Average | 150.08 |
| 200-Day Moving Average | 161.5 |
| Relative Strength Index (RSI) | 55.99 |
| Average Volume (20 Days) | 2.04M |
Income Statement
In the last 12 months, Ares Management had revenue of 5.19B and earned 463.74M in profits. Earnings per share was 2.61.
| Revenue | 5.19B |
| Gross Profit | 3.46B |
| Operating Income | 2.25B |
| Net Income | 463.74M |
| EBITDA | 2.41B |
| EBIT | 2.25B |
| Earnings Per Share (EPS) | 2.61 |
Balance Sheet
The company has 2.74B in cash and 13.15B in debt, giving a net cash position of -10.41B.
| Cash & Cash Equivalents | 2.74B |
| Total Debt | 13.15B |
| Net Cash | -10.41B |
| Retained Earnings | -837.29M |
| Total Assets | 24.88B |
| Working Capital | -85.8M |
Cash Flow
In the last 12 months, operating cash flow was 2.79B and capital expenditures -91.51M, giving a free cash flow of 2.7B.
| Operating Cash Flow | 2.79B |
| Capital Expenditures | -91.51M |
| Free Cash Flow | 2.7B |
| FCF Per Share | 13.63 |
Margins
Gross margin is 66.64%, with operating and profit margins of 43.4% and 8.93%.
| Gross Margin | 66.64% |
| Operating Margin | 43.4% |
| Pretax Margin | 24.57% |
| Profit Margin | 8.93% |
| EBITDA Margin | 46.46% |
| EBIT Margin | 43.4% |
| FCF Margin | 52% |
Dividends & Yields
ARES pays an annual dividend of $3.91, which amounts to a dividend yield of 2.66%.
| Dividend Per Share | $3.91 |
| Dividend Yield | 2.66% |
| Dividend Growth (YoY) | 20.43% |
| Payout Ratio | 190.73% |
| Earnings Yield | 1.32% |
| FCF Yield | 7.7% |
Analyst Forecast
The average price target for ARES is $165, which is 8.1% higher than the current price. The consensus rating is "Buy".
| Price Target | $165 |
| Price Target Difference | 8.1% |
| Analyst Consensus | Buy |
| Analyst Count | 13 |
Scores
| Altman Z-Score | 1.46 |
| Piotroski F-Score | 8 |