Ares Management Corp
ARES
Investment Advice
Mkt Cap
$33.56BPE
80.32Debt
-Cash
$311.8MEV
-FCF
-P/E Ratio
80.32Debt
-Cash
$311.8MEV
-FCF
-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.
Sector
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In the chart Earnings are multiplied by this value.
Earnings Growth 37%
Earnings Stability 27%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2013 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 170% | 2.3% | 8.2% | 3.6% | 2.3% | 8.9% | 7.4% | 17% | 5.8% | 13% |
| ROA | - | 2.3% | 5.4% | 2% | - | 3.5% | 2.7% | 4.9% | 2.3% | 5.1% |
| ROE | 12% | 1.9% | 7.1% | 3.5% | 2% | 6.8% | 5.3% | 10% | 4.4% | 10% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +7.49%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +1.53%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +3.09%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +0.21%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +5.36%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +0.78%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2013 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | - | - | - | - | - | - | - | - | - |
| Debt Equity | 0.02 | - | - | - | - | - | - | - | - | - |
| MIN | ||||||||||
| Graham Stability | - | - | - | 16% | 51% | 100% | 100% | 100% | 78% | 16% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is -.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -.
What is the Graham’s Stability?
Graham’s Stability measure stands at 0.16.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2015 | 12-2017 | 12-2019 | 12-2021 | Trend |
|---|---|---|---|---|---|
| Revenue | 20% | 15% | 26% | 26% | -4.2% |
| Net Income | 37% | 27% | 9.6% | -57% | -3.7% |
| Stockholders Equity | 22% | 21% | 27% | -0.41% | 9.2% |
| FCF | - | - | - | - | - |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +15.26%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -4.16%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +26.91%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -3.73%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +21.07%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +9.2%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -.