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Ares Capital Corporation

ARCCNASDAQ

19.64

USD
+0.02
(+0.10%)
Market Closed
11.62P/E
9Forward P/E
0.58P/E to S&P500
10.400BMarket CAP
8.56%Div Yield
Upcoming Earnings
7 Feb
Shares Short
1/13/23
21.66M
Short % of Float
4.21%
Short % of Shares Outs.
4.19%
% Held by Insiders
1.40%
% Held by Institutions
32.29%
Beta
1.07
PEG Ratio
-11.23
52w. high/low
23.00/16.53
Avg. Daily Volume
2.78M
Return %
Stock
S&P 500
1 year
(9.07)
(6.69)
3 years
3.64
24.00
5 years
21.53
42.28
Scale: |
High
Low
14.78
3.34
12.78
3.12
17.44
11.11
17.97
12.75
17.77
14.60
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
19.75
18.41
Currency: USD
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
TTM
Revenue per share
1.88
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
4.27
2.34
Earnings per share
1.61
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
1.71
FCF per share
(12.01)
(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)
(5.74)
Dividends per share
1.73
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
1.76
CAPEX per share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per sh.
18.29
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.
43
66
90
179
177
205
230
267
305
314
314
425
426
427
424
446
482
Avg. annual P/E ratio
- -
12.6
(6.8)
7.1
3.7
10.2
7.5
9.6
8.7
13.2
9.9
10.6
8.2
9.6
13.1
5.5
11.6
P/E to S&P500
- -
0.7
(0.3)
0.1
0.2
0.6
0.5
0.6
0.5
0.7
0.4
0.4
0.3
0.4
0.3
0.2
0.6
Avg. annual div. yield
- -
8.7%
11.5%
13.2%
8.9%
8.5%
9.4%
8.7%
9.0%
9.8%
10.2%
9.1%
9.4%
9.1%
10.7%
8.0%
9.1%
Revenue (m)
81
101
(125)
200
747
384
554
541
769
572
674
883
1,048
1,018
725
1,903
1,130
Operating margin
75.7%
93.4%
(102.0)%
67.0%
29.6%
75.4%
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation (m)
0
0
1
1
1
1
1
1
1
1
1
1
- -
- -
- -
- -
- -
Net profit (m)
70
91
(139)
203
692
319
508
489
591
379
474
667
858
793
484
1,567
808
Income tax rate
6.6%
(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%
7.0%
Net profit margin
85.7%
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%
82.3%
69.3%
Working capital (m)
- -
- -
(95)
(433)
(490)
(337)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Long-term debt (m)
482
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
11,928
Equity (m)
789
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
9,436
ROIC
6.5%
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%
9.3%
5.3%
Return on capital
6.9%
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%
9.4%
5.7%
Return on equity
8.8%
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%
8.6%
Plowback ratio
(6.9)%
(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%
(4.8)%
Div.&Repurch./FCF
26.5%
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%
3.4%
Capital Structure
25 Oct · 2022 | Q3
All numbers in millions
Total liabilities
$ 12,602
Total assets
$ 22,038
Long-term debt
$ 11,928
Cash and equiv.
$ 257
Goodwill
$ - -
Retained earnings
$ 66
Common stock
503
Enterprise Value
$ 22,071
Working Capital
Currency: USD, in millions
2019
2020
2021
Cash & Investments
176
254
372
Receivables
131
223
222
Inventory
- -
- -
- -
Other
(307)
(399)
(398)
Current assets
- -
- -
- -
Acc. Payable
186
202
427
Debt due
- -
- -
- -
Other
(186)
(202)
(427)
Current liabilities
- -
- -
- -
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
162.48%
37.38%
23.61%
Cash flow
341.47%
(81.34)%
(45.08)%
Earnings
223.76%
51.46%
28.10%
Dividends
2.21%
2.01%
8.16%
Book value
23.58%
6.20%
10.08%
Insider Trading
Type
Shares
Date
Roll Penelope F
Purchase
2,500
09/14/22
Henson Mary Beth
Purchase
9,000
08/31/22
Roll Penelope F
Purchase
25,000
08/03/22
Mckeever Steven B.
Purchase
2,775
06/15/22
Arougheti Michael J
Purchase
300,000
06/14/22
Quarterly Revenue
Currency: USD, in millions
Year
1Q
2Q
3Q
4Q
Total
2020
(556)
333
497
451
725
2021
476
557
403
467
1,903
2022
333
186
144
- -
- -
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
0.44
0.22
0.21
- -
- -
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
0.43
0.45
0.47
- -
- -
Company Description
Sector:
Financial Services
Industry:
Asset Management
CEO:
Mr. Robert deVeer
Full-time employees:
1,200
City:
New York City
Address:
245 Park Ave Fl 44
IPO:
Oct 8, 2012
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.