(CG) Carlyle - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NASDAQ (USA) | Market Cap: 16.354m USD | Total Return: 2.7% in 12m
Avg Turnover: 140M
EPS Trend: 58.1%
Qual. Beats: 0
Rev. Trend: 75.2%
Qual. Beats: -1
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
The Carlyle Group Inc. (NASDAQ: CG) is a global investment firm operating across four primary segments: Corporate Private Equity, Real Assets, Global Market Strategies, and Solutions. The firm manages a diverse portfolio through strategies including leveraged buyouts, distressed debt, venture capital, and structured credit. Its investment scope is broad, covering sectors such as aerospace, defense, healthcare, technology, and natural resources.
As an alternative asset manager, Carlyle generates revenue primarily through management fees based on assets under management (AUM) and performance-related carried interest. The private equity business model relies on acquiring controlling or significant minority stakes in companies to implement operational improvements or financial restructuring before exiting the investment. This sector often benefits from long-term capital commitments, which provide more stability compared to traditional liquid asset managers.
Reviewing the historical performance of these business segments on ValueRay can help clarify how market cycles impact the firms valuation.
- Fee related earnings growth driven by increased assets under management
- Performance allocations fluctuate based on private equity and credit exit timing
- Higher interest rates impact borrowing costs and leveraged buyout transaction volume
- Fundraising momentum across global private equity and credit strategies influences valuation
- Regulatory scrutiny of private equity fee structures poses margin compression risks
| Net Income: 546.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -3.47 > 1.0 |
| NWC/Revenue: 88.29% < 20% (prev 60.04%; Δ 28.24% < -1%) |
| CFO/TA -0.03 > 3% & CFO -807.0m > Net Income 546.5m |
| Net Debt (11.9b) to EBITDA (1.01b): 11.71 < 3 |
| Current Ratio: 10.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (359.2m) vs 12m ago -1.95% < -2% |
| Gross Margin: 73.08% > 18% (prev 0.84%; Δ 7.22k% > 0.5%) |
| Asset Turnover: 14.79% > 50% (prev 17.19%; Δ -2.40% > 0%) |
| Interest Coverage Ratio: 1.84 > 6 (EBITDA TTM 1.01b / Interest Expense TTM 482.8m) |
| A: 0.12 (Total Current Assets 3.88b - Total Current Liabilities 358.2m) / Total Assets 29.8b |
| B: 0.04 (Retained Earnings 1.17b / Total Assets 29.8b) |
| C: 0.03 (EBIT TTM 886.1m / Avg Total Assets 27.0b) |
| D: 0.04 (Book Value of Equity 995.1m / Total Liabilities 22.5b) |
| Altman-Z'' = 1.17 = BB |
| DSRI: 1.15 (Receivables 1.13b/1.02b, Revenue 3.99b/4.14b) |
| GMI: 1.15 (GM 73.08% / 83.78%) |
| AQI: 0.99 (AQ_t 0.85 / AQ_t-1 0.86) |
| SGI: 0.96 (Revenue 3.99b / 4.14b) |
| TATA: 0.05 (NI 546.5m - CFO -807.0m) / TA 29.8b) |
| Beneish M = -2.76 (Cap -4..+1) = A |
As of June 02, 2026, the stock is trading at USD 45.10 with a total of 2,432,938 shares traded.
Over the past week, the price has changed by -0.73%,
over one month by -8.11%,
over three months by -13.32% and
over the past year by +2.68%.
Carlyle has received a consensus analysts rating of 3.56. Therefore, it is recommended to hold CG.
- StrongBuy: 4
- Buy: 3
- Hold: 10
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 60.5 | 34.1% |
P/E Trailing = 31.1164
P/E Forward = 10.3093
P/S = 5.0592
P/B = 3.0418
P/EG = 1.636
Revenue TTM = 3.99b USD
EBIT TTM = 886.1m USD
EBITDA TTM = 1.01b USD
Long Term Debt = 14.2b USD (estimated: total debt 14.6b - short term 387.3m)
Short Term Debt = 387.3m USD (from shortTermDebt, last quarter)
Debt = 14.6b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.9b USD (calculated: Debt 14.6b - CCE 2.75b)
Enterprise Value = 28.2b USD (16.4b + Debt 14.6b - CCE 2.75b)
Interest Coverage Ratio = 1.84 (Ebit TTM 886.1m / Interest Expense TTM 482.8m)
EV/FCF = 29.43x (Enterprise Value 28.2b / FCF TTM 958.8m)
FCF Yield = 3.40% (FCF TTM 958.8m / Enterprise Value 28.2b)
FCF Margin = 24.04% (FCF TTM 958.8m / Revenue TTM 3.99b)
Net Margin = 13.70% (Net Income TTM 546.5m / Revenue TTM 3.99b)
Gross Margin = 73.08% ((Revenue TTM 3.99b - Cost of Revenue TTM 1.07b) / Revenue TTM)
Gross Margin QoQ = none% (prev 54.55%)
Tobins Q-Ratio = 0.95 (Enterprise Value 28.2b / Total Assets 29.8b)
Interest Expense / Debt = 3.30% (Interest Expense 482.8m / Debt 14.6b)
Taxrate = 18.50% (214.5m / 1.16b)
NOPAT = 722.1m (EBIT 886.1m * (1 - 18.50%))
Current Ratio = 0.85 (Total Current Assets 3.88b / Total Current Liabilities 4.55b)
Debt / Equity = 2.71 (Debt 14.6b / totalStockholderEquity, last quarter 5.40b)
Debt / EBITDA = 11.71 (Net Debt 11.9b / EBITDA 1.01b)
Debt / FCF = 12.37 (Net Debt 11.9b / FCF TTM 958.8m)
Total Stockholder Equity = 5.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.03% (Net Income 546.5m / Total Assets 29.8b)
RoE = 9.65% (Net Income TTM 546.5m / Total Stockholder Equity 5.66b)
RoCE = 4.45% (EBIT 886.1m / Capital Employed (Equity 5.66b + L.T.Debt 14.2b))
RoIC = 2.43% (NOPAT 722.1m / Invested Capital 29.7b)
WACC = 8.45% (E(16.4b)/V(31.0b) * Re(13.60%) + D(14.6b)/V(31.0b) * Rd(3.30%) * (1-Tc(0.19)))
Discount Rate = 13.60% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 20.0 | Cagr: -0.20%
[DCF] Terminal Value 72.72% ; FCFF base≈1.22b ; Y1≈1.07b ; Y5≈863.6m
[DCF] Fair Price = 4.92 (EV 13.6b - Net Debt 11.9b = Equity 1.77b / Shares 360.0m; r=8.45% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 58.07 | EPS CAGR: 4.34% | SUE: -0.37 | # QB: 0
Revenue Correlation: 75.22 | Revenue CAGR: 31.52% | SUE: -1.08 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.93 | Chg30d=-6.31% | Revisions=-23% | Analysts=13
EPS next Quarter (2026-09-30): EPS=1.11 | Chg30d=-7.34% | Revisions=-71% | Analysts=12
EPS current Year (2026-12-31): EPS=4.09 | Chg30d=-5.84% | Revisions=-62% | GrowthEPS=+1.7% | GrowthRev=-2.6%
EPS next Year (2027-12-31): EPS=5.22 | Chg30d=-2.07% | Revisions=-33% | GrowthEPS=+27.8% | GrowthRev=+35.0%
[Analyst] Revisions Ratio: -71%