US stock · Financial Services sector · Asset Management
A
Ares Capital Corporation
ARCC18.82
USD
+0.15
(+0.80%)
Market Closed
15.95P/E
8Forward P/E
0.73P/E to S&P500
10.249BMarket CAP
9.69%Div Yield
Upcoming Earnings
24 Jul-28 Jul
Shares Short
5/15/23
19.15M
Short % of Float
3.54%
Short % of Shares Outs.
3.52%
% Held by Insiders
1.38%
% Held by Institutions
31.45%
Beta
1.07
PEG Ratio
-9.02
52w. high/low
20.75/16.53
Avg. Daily Volume
3.44M
Return %
Stock
S&P 500
1 year
(13.40)
(7.49)
3 years
45.36
48.70
5 years
16.45
53.68
Scale: |
High
Low
- -
- -
- -
- -
- -
- -
- -
- -
17.77
16.03
18.67
16.15
18.63
14.63
17.68
11.01
16.91
12.31
17.87
15.60
17.63
14.50
19.28
15.28
19.33
7.90
21.74
16.41
23.00
16.53
20.17
16.95
Currency: USD
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Revenue per share
1.52
(1.39)
1.12
4.23
1.88
2.41
2.03
2.52
1.82
2.15
2.08
2.46
2.38
1.71
3.76
1.58
Earnings per share
1.37
(1.56)
1.13
3.91
1.56
2.21
1.83
1.94
1.20
1.51
1.57
2.01
1.86
1.14
3.51
1.20
FCF per share
(7.74)
(3.45)
0.07
(3.71)
(1.94)
(1.09)
(4.86)
(2.16)
1.15
2.25
(4.82)
0.71
(2.83)
(1.31)
(5.51)
(2.73)
Dividends per share
1.50
1.22
1.06
1.30
1.35
1.55
1.54
1.52
1.55
1.52
1.51
1.54
1.63
1.60
1.56
1.83
CAPEX per share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per sh.
16.93
12.21
7.03
17.26
15.36
17.33
18.37
17.31
16.46
16.45
16.70
17.14
17.49
16.92
19.88
19.19
Comm.Shares outs.
66
90
179
177
205
230
267
305
314
314
425
426
427
424
446
498
Avg. annual P/E ratio
- -
- -
- -
- -
- -
7.8
9.6
8.7
13.2
9.9
10.6
8.2
9.6
13.1
5.5
16.4
P/E to S&P500
- -
- -
- -
- -
- -
0.5
0.6
0.5
0.7
0.4
0.4
0.3
0.4
0.3
0.2
0.8
Avg. annual div. yield
- -
- -
- -
- -
- -
9.1%
8.7%
9.0%
9.8%
10.2%
9.1%
9.4%
9.1%
10.7%
8.0%
9.3%
Revenue (m)
101
(125)
200
747
384
554
541
769
572
674
883
1,048
1,018
725
1,678
789
Operating margin
93.4%
(102.0)%
67.0%
29.6%
75.4%
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation (m)
0
1
1
1
1
1
1
1
1
1
1
- -
- -
- -
- -
- -
Net profit (m)
91
(139)
203
692
319
508
489
591
379
474
667
858
793
484
1,567
600
Income tax rate
(0.9)%
(0.2)%
0.3%
0.8%
2.3%
2.2%
2.8%
3.0%
4.5%
4.2%
2.8%
2.2%
2.0%
3.8%
1.8%
8.4%
Net profit margin
90.1%
111.8%
101.3%
92.6%
83.1%
91.8%
90.2%
76.9%
66.2%
70.3%
75.5%
81.9%
77.9%
66.8%
93.4%
76.0%
Working capital (m)
- -
(95)
(433)
(490)
(337)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Long-term debt (m)
682
909
969
1,379
2,074
2,196
2,986
3,924
4,138
3,874
4,854
5,214
7,092
8,550
11,137
12,320
Equity (m)
1,125
1,095
1,258
3,051
3,147
3,988
4,904
5,284
5,173
5,165
7,098
7,300
7,467
7,176
8,868
9,555
ROIC
7.0%
(5.4)%
12.9%
19.8%
9.2%
10.1%
8.0%
8.4%
6.2%
7.1%
7.2%
8.5%
7.2%
4.9%
- -
4.3%
Return on capital
6.9%
(4.9)%
9.8%
17.0%
8.3%
10.3%
8.3%
8.7%
6.5%
7.4%
7.4%
8.7%
7.4%
5.1%
- -
4.7%
Return on equity
8.1%
(12.7)%
16.1%
22.7%
10.2%
12.7%
10.0%
11.2%
7.3%
9.2%
9.4%
11.8%
10.6%
6.7%
17.7%
6.3%
Plowback ratio
(10.0)%
178.3%
6.5%
66.8%
13.2%
29.7%
15.8%
21.4%
(28.7)%
(0.6)%
3.7%
23.5%
12.5%
(40.3)%
55.7%
(52.0)%
Div.&Repurch./FCF
47.5%
- -
656.7%
167.7%
(69.8)%
128.6%
32.5%
(31.4)%
135.7%
68.2%
58.4%
215.8%
(52.1)%
(139.1)%
5.1%
6.5%
Capital Structure
7 Feb · 2023 | Q4
All numbers in millions
Total liabilities
$ 12,843
Total assets
$ 22,398
Long-term debt
$ 12,320
Cash and equiv.
$ 303
Goodwill
$ - -
Retained earnings
$ (2)
Common stock
514
Enterprise Value
$ 22,266
Working Capital
Currency: USD, in millions
2020
2021
2022
Cash & Investments
254
372
303
Receivables
223
222
180
Inventory
- -
- -
- -
Other
(477)
(476)
(434)
Current assets
- -
- -
- -
Acc. Payable
202
427
294
Debt due
- -
- -
- -
Other
(202)
(427)
(294)
Current liabilities
- -
- -
- -
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
(52.98)%
11.71%
14.53%
Cash flow
(44.73)%
(63.81)%
(96.40)%
Earnings
(61.71)%
28.88%
21.68%
Dividends
31.41%
9.31%
9.97%
Book value
7.75%
7.43%
8.39%
Insider Trading
Type
Shares
Date
Roll Penelope F
Purchase
3,000
03/15/23
Roll Penelope F
Purchase
3,000
03/16/23
Markowicz Jana
- -
01/18/23
Schnabel Michael Kort
- -
10/20/22
Schnabel Michael Kort
- -
10/20/22
Quarterly Revenue
Currency: USD, in millions
Year
1Q
2Q
3Q
4Q
Total
2020
(556)
333
497
451
725
2021
476
557
403
400
1,836
2022
282
129
144
214
769
Earnings per share
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
(1.44)
0.65
1.04
0.89
1.14
2021
0.84
1.07
0.75
0.86
3.51
2022
0.42
0.22
0.21
0.35
1.20
Quarterly dividends paid
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
0.41
0.40
0.40
0.40
1.60
2021
0.37
0.37
0.40
0.41
1.56
2022
0.42
0.45
0.47
0.50
1.83
Company Description
Sector:
Financial Services
Industry:
Asset Management
CEO:
Mr. Robert Kipp DeVeer III
Full-time employees:
1,200
City:
Los Angeles
Address:
2000 Avenue of the Stars
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.