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Ares Management LP

Financial Services US ARES

168.85USD
-1.3(0.76%)

Last update at 2025-05-19T18:52:00Z

Day Range

165.29169.94
LowHigh

52 Week Range

109.04180.38
LowHigh

Fundamentals

  • Previous Close 170.15
  • Market Cap54875.41M
  • Volume484216
  • P/E Ratio80.04
  • Dividend Yield2.09%
  • EBITDA1295.83M
  • Revenue TTM3679.76M
  • Revenue Per Share TTM18.89
  • Gross Profit TTM 1244.28M
  • Diluted EPS TTM2.19

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 510.81M 1065.69M 379.48M 425.18M 184.34M
Minority interest -271.37400M -509.46800M 1378.45M 1090.31M 806.42M
Net income 438.92M 918.30M 324.49M 372.80M 57.02M
Selling general administrative 695.26M 444.18M 259.00M 270.22M 215.96M
Selling and marketing expenses - - - - -
Gross profit 1038.02M 1308.67M 592.68M 614.90M 357.83M
Reconciled depreciation 341.34M 113.29M 41.25M 39.46M 28.52M
Ebit 915.40M 1264.09M 796.57M 697.91M 432.15M
Ebitda 1256.75M 1377.39M 837.82M 737.37M 460.67M
Depreciation and amortization 341.34M 113.29M 41.25M 39.46M 28.52M
Non operating income net other 27.25M 43.37M 65.92M 122.54M 4.29M
Operating income 915.40M 1264.09M 796.57M 697.91M 88.10M
Other operating expenses 2749.09M 3410.08M 1450.49M 1462.80M 870.36M
Interest expense 482.72M 294.81M 311.22M 297.42M 244.34M
Tax provision 71.89M 147.38M 54.99M 52.38M 32.20M
Interest income 595.93M 447.68M 471.72M 403.11M 344.90M
Net interest income 113.21M 152.88M 160.50M 105.69M 100.56M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 71.89M 147.38M 54.99M 52.38M 32.20M
Total revenue 3055.44M 4212.09M 1764.05M 1765.44M 958.46M
Total operating expenses 731.67M 506.66M 279.12M 312.26M 269.73M
Cost of revenue 2017.42M 2903.42M 1171.37M 1150.53M 600.63M
Total other income expense net -404.59900M -198.40300M -417.09600M -272.72600M -4.31800M
Discontinued operations - - - - -
Net income from continuing ops 438.92M 918.30M 324.49M 372.80M 152.14M
Net income applicable to common shares 167.54M 386.75M 130.44M 127.18M 35.32M
Preferred stock and other adjustments - 22.09M 21.70M 21.70M 21.70M
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 24730.50M 22002.84M 21605.16M 15168.99M 12014.20M
Intangible assets 1058.49M 1208.22M 1422.82M 222.09M 7.97M
Earning assets - - - - -
Other current assets -2770.96100M -3974.73400M 86.89M 78.36M 68.57M
Total liab 19709.15M 18204.22M 17790.74M 12697.22M 10155.60M
Total stockholder equity 1893.40M 1589.24M 1825.23M 1193.68M 768.29M
Deferred long term liab - 5.51M 14.39M 9.52M 6.36M
Other current liab 3191.14M 2853.24M 3507.36M 1428.51M 1401.36M
Common stock 3.08M 2.95M 2.90M 2.60M 1.15M
Capital stock 3.08M 2.95M 2.90M 301.36M 299.91M
Retained earnings -495.08300M -369.47500M -89.38200M -151.82400M -50.82000M
Other liab - 17.04M 31.52M 10.36M 14.40M
Good will 1123.98M 999.66M 787.97M 371.05M 143.85M
Other assets 1.13M 175.98M 19167.72M 14629.18M 74.37M
Cash 1497.79M 1114.63M 1392.85M 1062.19M 744.71M
Cash and equivalents - - - - -
Total current liabilities 3791.18M 3421.49M 4018.06M 1712.53M 1657.43M
Current deferred revenue - - - - -
Net debt 14258.17M 12219.61M 11101.37M 9841.03M 7821.71M
Short term debt 176.64M 168.05M 127.77M 121.91M 106.05M
Short long term debt 125.24M 168.05M 71.50M 71.50M 71.50M
Short long term debt total 15755.95M 13334.24M 12494.22M 10903.22M 8566.42M
Other stockholder equity 2391.04M 1970.75M 1913.56M 1043.67M 525.24M
Property plant equipment - 236.03M 239.92M 217.00M 208.08M
Total current assets 2770.96M 2199.41M 2550.78M 1687.47M 1184.29M
Long term investments 19226.52M 3974.73M 16500.94M 1682.76M 1663.66M
Net tangible assets - 3264.95M -487.18000M 2273.38M 1559.84M
Short term investments -18703.48100M 3974.73M 3684.26M - -
Net receivables 1273.18M 1084.78M 1157.94M 625.28M 439.58M
Long term debt 15311.14M 2273.85M 12217.64M 643.00M 316.61M
Inventory - - - - -
Accounts payable 423.41M 400.21M 382.93M 162.11M 150.03M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -5.63000M -14.98600M -1.85500M 0.48M -6.04700M
Additional paid in capital - - - - -
Common stock total equity - 2.95M 2.90M 2.60M 1.15M
Preferred stock total equity - - - 298.76M 298.76M
Retained earnings total equity - -369.47500M -89.38200M -151.82400M -50.82000M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 179.00M 111.62M 64.34M 42.89M 33.82M
Deferred long term asset charges - - - - -
Non current assets total 21959.54M 19803.43M 19054.38M 13481.52M 10829.91M
Capital lease obligations 319.57M 190.62M 205.07M 180.24M 168.82M
Long term debt total - 2273.85M 1503.71M 643.00M 316.61M
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 -337.37900M -1084.63300M -136.76400M -16.79600M -18.41900M
Change to liabilities -51.68500M 125.17M 21.04M 30.67M 2.26M
Total cashflows from investing activities -337.37900M -1084.63300M -136.76400M -16.79600M -18.41900M
Net borrowings 773.91M 2833.18M 329.08M -165.00000M 69.05M
Total cash from financing activities 1128.06M 3503.62M 943.89M 2122.33M 1405.34M
Change to operating activities -122.33500M 152.02M 63.99M -309.90700M 299.62M
Net income 438.92M 918.30M 324.49M 372.80M 152.14M
Change in cash 46.33M -196.15700M 401.43M 28.14M -8.68200M
Begin period cash flow 343.65M 539.81M 138.38M 110.25M 118.93M
End period cash flow 389.99M 343.65M 539.81M 138.38M 110.25M
Total cash from operating activities -734.11200M -2596.04500M -425.65900M -2083.02100M -1417.10200M
Issuance of capital stock 0.00000M 827.43M 383.15M 206.71M 105.33M
Depreciation 341.34M 113.29M 41.25M 39.46M 28.52M
Other cashflows from investing activities -301.58300M -1057.40700M -120.82200M - -
Dividends paid -836.36400M -604.35600M -468.48000M -345.36700M 334.35M
Change to inventory - 190.13M 85.64M -241.45000M 283.49M
Change to account receivables -20.61200M -745.02100M -24.35100M -103.96200M 29.58M
Sale purchase of stock -180.10600M -310.00000M 2295.25M -10.44900M 3626.63M
Other cashflows from financing activities 3191.81M 4139.30M -215.97600M 3807.15M -103.54300M
Change to netincome 190.71M -2650.34300M 90.60M 52.25M 85.78M
Capital expenditures 35.80M 27.23M 15.94M 16.80M 18.42M
Change receivables - - - - -
Cash flows other operating -53.99400M 108.89M 25.49M -146.40400M 146.06M
Exchange rate changes - - - - 21.50M
Cash and cash equivalents changes 56.57M -177.05300M 381.47M 22.51M -8.68200M
Change in working capital -194.63200M -467.83200M 60.67M -383.20000M 331.46M
Stock based compensation 200.39M 237.19M 122.99M 97.69M 89.72M
Other non cash items -1520.12700M -3230.72100M 5551.86M 3075.38M -2001.93600M
Free cash flow -769.90800M -2623.27100M -441.60100M -2099.81700M -1435.52100M

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)
ARES
Ares Management LP		 -1.3 0.76% 168.85 80.04 31.65 14.91 17.32 9.60 20.87
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

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Profile

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.

Ares Management LP

2000 Avenue of the Stars, Los Angeles, CA, United States, 90067

Key Executives

Name Title Year Born
Mr. Michael J. Arougheti Co-Founder, CEO, Pres & Director 1972
Mr. David B. Kaplan Co-Founder, Partner, Co-Chairman of Private Equity Group & Director 1967
Mr. Bennett Rosenthal Co-Founder, Partner, Co-Chairman of Private Equity Group & Director 1963
Mr. Jarrod Morgan Phillips Partner & CFO 1979
Mr. Robert Kipp DeVeer III Partner, Head of Credit Group & Director 1973
Mr. Antony Peter Ressler Co-Founder & Exec. Chairman 1961
Mr. Edwin Wong Managing Partner & CEO of Ares SSG NA
Mr. Sandesh Hegde Partner, Global Chief Information Officer, Chief Operating Officer & Pres of AOISSC NA
Mr. Mark Charles Infanger CPA MD and Chief Accounting Officer for Fin., Accounting & Operations 1972
Mr. Carl G. Drake C.F.A. Partner, Head of Public Markets Investor Relations & Corp. Communications NA

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