18889881171
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Ares Capital Corporation

Financial Services US ARCC

21.865USD
-0.045(0.21%)

Last update at 2025-05-19T18:55:00Z

Day Range

21.6821.93
LowHigh

52 Week Range

18.1922.43
LowHigh

Fundamentals

  • Previous Close 21.91
  • Market Cap14388.12M
  • Volume2382699
  • P/E Ratio8.49
  • Dividend Yield8.62%
  • Revenue TTM2938.00M
  • Revenue Per Share TTM4.87
  • Gross Profit TTM 2096.00M
  • Diluted EPS TTM2.60

Source: TradingView
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Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 655.00M 1596.00M 503.00M 809.00M 877.00M
Minority interest - - - - -
Net income 600.00M 1567.00M 484.00M 793.00M 858.00M
Selling general administrative 38.00M 39.00M 38.00M 45.00M 42.00M
Selling and marketing expenses - - - - -
Gross profit 741.00M 1678.00M 541.00M 824.00M 879.00M
Reconciled depreciation - - - - -
Ebit 1110.00M 1968.00M 813.00M 809.00M 877.00M
Ebitda 1062.00M 1596.00M 503.00M 809.00M 1117.00M
Depreciation and amortization -48.00000M 29.00M 23.00M - -
Non operating income net other -3.00000M - - - -
Operating income 1110.00M 1596.00M 503.00M 809.00M 1117.00M
Other operating expenses 134.00M 82.00M 38.00M 15.00M 2.00M
Interest expense 455.00M 372.00M 317.00M 291.00M 240.00M
Tax provision 55.00M 29.00M 19.00M 16.00M 19.00M
Interest income 1470.00M 1247.00M 1159.00M 1180.00M 1041.00M
Net interest income 1063.00M 875.00M 842.00M 889.00M 801.00M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 55.00M 29.00M 19.00M 16.00M 19.00M
Total revenue 741.00M 1678.00M 541.00M 824.00M 879.00M
Total operating expenses 86.00M 82.00M 38.00M 15.00M 2.00M
Cost of revenue - - - 686.00M 622.00M
Total other income expense net -455.00000M -372.00000M -317.00000M -291.00000M -240.00000M
Discontinued operations - - - - -
Net income from continuing ops 2566.50M 1567.00M 484.00M 759.00M 802.00M
Net income applicable to common shares 600.00M 1567.00M 484.00M 793.00M 858.00M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 23800.00M 22398.00M 20843.00M 16196.00M 14905.00M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets -825.00000M 34.00M -80.00000M 72.00M -131.00000M
Total liab 12599.00M 12843.00M 11975.00M 9020.00M 7438.00M
Total stockholder equity 11201.00M 9555.00M 8868.00M 7176.00M 7467.00M
Deferred long term liab - - - - -
Other current liab -373.00000M -31.00000M -427.00000M -202.00000M -186.00000M
Common stock 1.00M 1.00M - - -
Capital stock 1.00M 1.00M 0.00000M 0.00000M 0.00000M
Retained earnings 462.00M -2.00000M 315.00M -480.00000M -293.00000M
Other liab - 34.00M 114.00M 72.00M 9.00M
Good will - - - - -
Other assets 23010.00M 115.00M 213.00M 166.00M 78.00M
Cash 535.00M 303.00M 372.00M 254.00M 176.00M
Cash and equivalents - - - - -
Total current liabilities 17.00M 294.00M 427.00M 202.00M 186.00M
Current deferred revenue - - 384.00M 143.00M 65.00M
Net debt 11400.00M 12017.00M 10765.00M 8296.00M 6916.00M
Short term debt 17.00M 31.00M 43.00M 59.00M 121.00M
Short long term debt - - - - -
Short long term debt total 11935.00M 12320.00M 11137.00M 8550.00M 7092.00M
Other stockholder equity 10738.00M 9556.00M 8553.00M 7656.00M 7760.00M
Property plant equipment - 20.00M 27.00M 38.00M 94.00M
Total current assets 780.00M 483.00M 594.00M 477.00M 307.00M
Long term investments 22874.00M 21780.00M 20009.00M 15515.00M 14426.00M
Net tangible assets - 9555.00M 8868.00M 7176.00M 7467.00M
Short term investments - 17296.00M 17056.00M - -
Net receivables 261.00M 180.00M 222.00M 223.00M 131.00M
Long term debt - 12210.00M - - 6971.00M
Inventory 809.00M - - - -
Accounts payable 373.00M 294.00M 427.00M 202.00M 186.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -293.00000M
Additional paid in capital - - - - -
Common stock total equity - 1.00M - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -22874.00000M -21800.00000M -20036.00000M -15553.00000M -14520.00000M
Deferred long term asset charges - - - - -
Non current assets total 10.00M 21800.00M 20036.00M 15553.00M 14520.00M
Capital lease obligations - - - - -
Long term debt total - 12210.00M - - 6971.00M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments - - - - -
Change to liabilities 21.00M 27.00M 3.00M 18.00M -66.00000M
Total cashflows from investing activities - - - - -
Net borrowings 1116.00M 2558.00M 1519.00M 1754.00M 351.00M
Total cash from financing activities 1210.00M 2619.00M 707.00M 1090.00M -324.00000M
Change to operating activities -124.00000M 205.00M 63.00M -31.00000M 80.00M
Net income 600.00M 1567.00M 484.00M 793.00M 858.00M
Change in cash -149.00000M 160.00M 150.00M -120.00000M -20.00000M
Begin period cash flow 486.00M 326.00M 176.00M 296.00M 316.00M
End period cash flow 337.00M 486.00M 326.00M 176.00M 296.00M
Total cash from operating activities -1359.00000M -2459.00000M -557.00000M -1210.00000M 304.00M
Issuance of capital stock 1001.00M 819.00M 4.00M 64.00M 0.00000M
Depreciation 26.00M 29.00M 23.00M 18.00M 18.00M
Other cashflows from investing activities - - - - -
Dividends paid -912.00000M -694.00000M -679.00000M -694.00000M 656.00M
Change to inventory - - - - -
Change to account receivables -34.00000M -24.00000M 12.00M -26.00000M 2.00M
Sale purchase of stock 1001.00M 0.00000M -100.00000M 64.00M 0.00000M
Other cashflows from financing activities 7939.00M 19323.00M 8219.00M 13142.00M 6573.00M
Change to netincome 78.00M -4265.00000M -1150.00000M -1990.00000M -593.00000M
Capital expenditures 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Change receivables -34.00000M - - - -
Cash flows other operating -2037.00000M - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes -149.00000M - - - -
Change in working capital -147.00000M 208.00M 78.00M -39.00000M 16.00M
Stock based compensation - - - - -
Other non cash items -1838.00000M -4263.00000M -1142.00000M -1982.00000M -588.00000M
Free cash flow -1359.00000M -2459.00000M -557.00000M -1210.00000M 304.00M

Peer Comparison

Sector: Financial Services Industry: Asset Management

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ARCC
Ares Capital Corporation		 -0.045 0.21% 21.86 8.49 10.17 4.90 1.13 15.88 10.19
BX
Blackstone Group Inc		 -1.34 0.91% 145.36 44.45 29.85 14.38 14.06 11.73
BLK
BlackRock Inc		 0.57 0.06% 990.28 23.92 21.23 8.04 3.78 7.54 16.86
APO
Apollo Global Management LLC Class A		 -1.425 0.99% 142.41 18.23 20.92 3.08 6.11 2.73 14.76
IVSXF
Investor AB (publ)		 - -% 30.20 20.83 - 0.88 1.11 10.01 1.68

Reports Covered

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Profile

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.

Ares Capital Corporation

1800 Avenue of the Stars, Los Angeles, CA, United States, 90067-4733

Key Executives

Name Title Year Born
Mr. Michael J. Arougheti Co-Chairman & Exec. VP 1972
Mr. Bennett Rosenthal Co-Founder & Co-Chairman 1963
Mr. Robert Kipp DeVeer III CEO & Director 1973
Mr. Mitchell S. Goldstein CPA, CPA Co-Pres 1967
Mr. Kort Schnabel Co-Pres NA
Ms. Penelope F. Roll Chief Financial Officer 1966
Mr. Scott C. Lem Chief Accounting Officer, VP & Treasurer 1978
Mr. John W. Stilmar MD of Public Investor Relations & Communications NA
Mr. Joshua M. Bloomstein J.D. VP, Gen. Counsel & Sec. 1974
Ms. Lisa A. Morgan Chief Compliance Officer 1977

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