(ARES) Ares Management - Overview
Stock: Direct Lending, Private Equity, Real Estate
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.21% |
| Yield on Cost 5y | 12.65% |
| Yield CAGR 5y | 29.72% |
| Payout Consistency | 98.9% |
| Payout Ratio | 127.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 77.6% |
| Relative Tail Risk | 2.60% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.64 |
| Alpha | -52.47 |
| Character TTM | |
|---|---|
| Beta | 1.681 |
| Beta Downside | 2.017 |
| Drawdowns 3y | |
|---|---|
| Max DD | 39.98% |
| CAGR/Max DD | 0.47 |
Description: ARES Ares Management February 05, 2026
Ares Management Corp. (NYSE: ARES) is a global alternative-asset manager operating across the United States, Europe, and Asia. Its business is organized into three core segments: Direct Lending, which funds middle-market companies with loans ranging from $1 million to $400 million; Private Equity, which takes majority or shared-control stakes in under-capitalized firms; and Real Estate, which invests in new developments, asset repositionings, and provides financing to commercial-real-estate owners. The firm typically targets companies with EBITDA of $10 million–$250 million and debt investments of $10 million–$100 million. Founded in 1997 and headquartered in Los Angeles, Ares is overseen by Ares Management GP LLC as its general partner.
Recent data (as of Q4 2023) show Ares’ total assets under management (AUM) at roughly **$235 billion**, up 7 % year-over-year, driven primarily by growth in its Direct Lending and Real Estate platforms. Net income for the quarter was **$215 million**, reflecting a 12 % increase versus Q4 2022, aided by higher interest-rate spreads that benefit its loan portfolio. The Direct Lending segment’s loan book expanded **9 % YoY**, aligning with a broader market trend where middle-market borrowers seek non-bank financing amid tightening bank credit standards. In the real-estate space, Ares’ exposure to logistics and multifamily assets has benefitted from the **sustained demand for e-commerce-related warehousing**, a sector driver that continues to outpace overall CRE vacancy rates.
For a more granular valuation and scenario analysis, you might find ValueRay’s data tools useful as a next step.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 650.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA 11.24 > 1.0 |
| NWC/Revenue: 58.48% < 20% (prev -37.52%; Δ 96.00% < -1%) |
| CFO/TA 0.17 > 3% & CFO 4.56b > Net Income 650.4m |
| Net Debt (11.23b) to EBITDA (2.31b): 4.86 < 3 |
| Current Ratio: 1.54 > 1.5 & < 3 |
| Outstanding Shares: last quarter (219.9m) vs 12m ago 9.54% < -2% |
| Gross Margin: 54.74% > 18% (prev 0.55%; Δ 5419 % > 0.5%) |
| Asset Turnover: 20.78% > 50% (prev 15.01%; Δ 5.77% > 0%) |
| Interest Coverage Ratio: 2.05 > 6 (EBITDA TTM 2.31b / Interest Expense TTM 827.9m) |
Altman Z'' 0.99
| A: 0.12 (Total Current Assets 8.93b - Total Current Liabilities 5.80b) / Total Assets 27.03b |
| B: -0.05 (Retained Earnings -1.22b / Total Assets 27.03b) |
| C: 0.07 (EBIT TTM 1.70b / Avg Total Assets 25.78b) |
| D: -0.06 (Book Value of Equity -1.19b / Total Liabilities 18.43b) |
| Altman-Z'' Score: 0.99 = BB |
Beneish M 0.19
| DSRI: 4.88 (Receivables 7.43b/1.05b, Revenue 5.36b/3.68b) |
| GMI: 1.00 (GM 54.74% / 54.90%) |
| AQI: 0.75 (AQ_t 0.65 / AQ_t-1 0.87) |
| SGI: 1.46 (Revenue 5.36b / 3.68b) |
| TATA: -0.14 (NI 650.4m - CFO 4.56b) / TA 27.03b) |
| Beneish M-Score: 0.19 (Cap -4..+1) = D |
What is the price of ARES shares?
Over the past week, the price has changed by -12.83%, over one month by -25.87%, over three months by -12.77% and over the past year by -29.71%.
Is ARES a buy, sell or hold?
- StrongBuy: 4
- Buy: 6
- Hold: 5
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the ARES price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 194.6 | 49.2% |
| Analysts Target Price | 194.6 | 49.2% |
| ValueRay Target Price | 155.6 | 19.2% |
ARES Fundamental Data Overview February 03, 2026
P/E Forward = 23.0947
P/S = 9.156
P/B = 11.0922
P/EG = 1.0886
Revenue TTM = 5.36b USD
EBIT TTM = 1.70b USD
EBITDA TTM = 2.31b USD
Long Term Debt = 11.26b USD (from longTermDebt, last quarter)
Short Term Debt = 785.3m USD (from shortTermDebt, last quarter)
Debt = 12.73b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.23b USD (from netDebt column, last quarter)
Enterprise Value = 60.26b USD (49.04b + Debt 12.73b - CCE 1.50b)
Interest Coverage Ratio = 2.05 (Ebit TTM 1.70b / Interest Expense TTM 827.9m)
EV/FCF = 13.41x (Enterprise Value 60.26b / FCF TTM 4.49b)
FCF Yield = 7.46% (FCF TTM 4.49b / Enterprise Value 60.26b)
FCF Margin = 83.89% (FCF TTM 4.49b / Revenue TTM 5.36b)
Net Margin = 12.14% (Net Income TTM 650.4m / Revenue TTM 5.36b)
Gross Margin = 54.74% ((Revenue TTM 5.36b - Cost of Revenue TTM 2.42b) / Revenue TTM)
Gross Margin QoQ = 60.19% (prev 52.32%)
Tobins Q-Ratio = 2.23 (Enterprise Value 60.26b / Total Assets 27.03b)
Interest Expense / Debt = 1.60% (Interest Expense 203.0m / Debt 12.73b)
Taxrate = 17.15% (111.9m / 652.3m)
NOPAT = 1.41b (EBIT 1.70b * (1 - 17.15%))
Current Ratio = 1.54 (Total Current Assets 8.93b / Total Current Liabilities 5.80b)
Debt / Equity = 2.84 (Debt 12.73b / totalStockholderEquity, last quarter 4.47b)
Debt / EBITDA = 4.86 (Net Debt 11.23b / EBITDA 2.31b)
Debt / FCF = 2.50 (Net Debt 11.23b / FCF TTM 4.49b)
Total Stockholder Equity = 4.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.52% (Net Income 650.4m / Total Assets 27.03b)
RoE = 15.46% (Net Income TTM 650.4m / Total Stockholder Equity 4.21b)
RoCE = 10.99% (EBIT 1.70b / Capital Employed (Equity 4.21b + L.T.Debt 11.26b))
RoIC = 9.24% (NOPAT 1.41b / Invested Capital 15.25b)
WACC = 9.89% (E(49.04b)/V(61.76b) * Re(12.11%) + D(12.73b)/V(61.76b) * Rd(1.60%) * (1-Tc(0.17)))
Discount Rate = 12.11% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.64%
[DCF Debug] Terminal Value 62.21% ; FCFF base≈3.22b ; Y1≈2.12b ; Y5≈965.3m
Fair Price DCF = 14.00 (EV 14.26b - Net Debt 11.23b = Equity 3.04b / Shares 216.9m; r=9.89% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -1.35 | EPS CAGR: -42.62% | SUE: -4.0 | # QB: 0
Revenue Correlation: 54.19 | Revenue CAGR: 6.47% | SUE: 2.05 | # QB: 2
EPS next Quarter (2026-03-31): EPS=1.45 | Chg30d=+0.046 | Revisions Net=+1 | Analysts=13
EPS next Year (2026-12-31): EPS=6.57 | Chg30d=+0.056 | Revisions Net=+5 | Growth EPS=+30.4% | Growth Revenue=+24.3%