Ares Capital Corporation
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- Market Cap.:
- $10.31 billion
- Book Value:
- Revenue TTM:
- $2.10 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $2.10 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Ares Capital Corporation had its IPO on 2004-10-06 under the ticker symbol ARCC.
The company operates in the Financial Services sector and Asset Management industry. Ares Capital Corporation has a staff strength of 0 employees.
Shares of Ares Capital Corporation opened at $17.65 at the start of the last trading session i.e. 2023-03-19.
The stocks traded within a range of $17.31 - $17.76, and closed at $17.43.
This is a -2.02% slip from the previous day's closing price.
A total volume of 5,272,000 shares were traded at the close of the day’s session.
In the last one week, shares of Ares Capital Corporation have slipped by -2.91%.
Ares Capital Corporation's Key Ratios
Ares Capital Corporation has a market cap of $10.31 billion, indicating a price to book ratio of 1.0266 and a price to sales ratio of 4.8487.
In the last 12-months Ares Capital Corporation’s revenue was $2.10 billion with a gross profit of $2.10 billion and an EBITDA of $0. The EBITDA ratio measures Ares Capital Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Ares Capital Corporation’s operating margin was 76.43% while its return on assets stood at 4.63% with a return of equity of 6.51%.
In Q4, Ares Capital Corporation’s quarterly earnings growth was a negative -59.6% while revenue growth was a positive 21%.
Ares Capital Corporation’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $1.19 per share while it has a forward price to earnings multiple of 8.881 and a PEG multiple of 3.95. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Ares Capital Corporation’s profitability.
Ares Capital Corporation stock is trading at a EV to sales ratio of 8.7581 and a EV to EBITDA ratio of 10.1885. Its price to sales ratio in the trailing 12-months stood at 4.8487.
Ares Capital Corporation stock pays annual dividends of $1.75 per share, indicating a yield of 10.01% and a payout ratio of 94.53%.
Balance sheet and cash flow metrics
- Total Assets
- $22.40 billion
- Total Liabilities
- $31.00 million
- Operating Cash Flow
- Capital Expenditure
- Dividend Payout Ratio
Ares Capital Corporation ended 2023 with $22.40 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $22.40 billion while shareholder equity stood at $9.56 billion.
Ares Capital Corporation ended 2023 with $0 in deferred long-term liabilities, $31.00 million in other current liabilities, 1000000.00 in common stock, $-2000000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $303.00 million and cash and short-term investments were $17.60 billion. The company’s total short-term debt was $31,000,000 while long-term debt stood at $12.21 billion.
Ares Capital Corporation’s total current assets stands at $17.78 billion while long-term investments were $21.78 billion and short-term investments were $17.30 billion. Its net receivables were $180.00 million compared to accounts payable of $294.00 million and inventory worth $0.
In 2023, Ares Capital Corporation's operating cash flow was $0 while its capital expenditure stood at $0.
Comparatively, Ares Capital Corporation paid $0.95 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Ares Capital Corporation stock is currently trading at $17.43 per share. It touched a 52-week high of $21.0006 and a 52-week low of $21.0006. Analysts tracking the stock have a 12-month average target price of $21.18.
Its 50-day moving average was $18.67 and 200-day moving average was $18.01 The short ratio stood at 5.69 indicating a short percent outstanding of 0%.
Around 137.6% of the company’s stock are held by insiders while 3212.1% are held by institutions.
Frequently Asked Questions About Ares Capital Corporation
Similar Industry Stocks (Asset Management)
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.