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Ares Management Corp (ARES)

合理估值
Financial ServicesAsset ManagementUnited States

基本面

51

价格

$116.17

市值

$39.26B

第一部分 · 这家公司值多少

概览

Ares Management Corporation operates as an alternative asset manager. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment specializes in early venture, turnaround, mid venture, late venture, recapitalization, growth capital, middle market, mezzanine, distressed and growth buyouts. The firm seeks to invest in healthcare, services, energy, industrials and consumer. The firm seeks to takes majority, minority and shared-control investments primarily in under-capitalized companies in North America, Europe, Asia Pacific, Southeast Asia and Australia. 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 prefers to invest between $1 million and $500 million in companies having EBITDA between $10 million and $250 million and debt investment value between $10 million and $100 million. Ares Management Corporation was founded in 1997 and is based in Los Angeles, California with additional offices in North America, Europe and Asia.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月18日 with claude-haiku-4-5 — shared with all users

P/E: 42.2Score: 62Market cap: $70.27B

Apollo is the only alternative manager larger than Ares in private credit, and the two bid against each other for the same direct-lending and asset-backed financing deals and for the same insurance and institutional capital.

P/E: 75.8Score: 57Market cap: —

Blue Owl is built around the same core business as Ares — direct lending to middle-market and large private companies, distributed largely through non-traded BDCs sold to financial advisers and individual investors.

P/E: 25.1Score: 78Market cap: $85.99B

Blackstone competes with Ares across every one of its segments — credit, real estate, infrastructure and private equity — and above all for the same institutional and wealth-channel fundraising.

P/E: 26.6Score: 64Market cap: $83.70B

KKR runs a comparably diversified credit, real assets and private equity platform and competes head-on with Ares for middle-market buyout financings and for the same pension and sovereign-fund mandates.

P/E: 41.3Score: 62Market cap: $14.05B

Carlyle's global credit arm and its private equity and real assets funds chase the same borrowers, the same deal flow and the same limited partners as Ares.

P/E: 26.0Score: 62Market cap: —

Brookfield, which owns Oaktree, competes with Ares in real estate, infrastructure and credit, the three areas where Ares raises much of its long-duration capital.

资产负债表与流动性

营收

$5.60B

截至2025/12/31的财政年度

净利润

$527M

截至2025/12/31的财政年度

自由现金流

-

股东权益合计

$4.28B

负债合计

$19.93B

流动比率

0.30

利息覆盖率

-

债务/EBITDA

10.40

每股收益

暂无 EPS 数据

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

一般情形合理估值

公允价值

$112.15

当前价格

$116.17

安全边际

-3.6%

公允价值区间

$73.96 - $150.34

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$147.89
现金流折现法(DCF):$109.55
市盈率法(P/E):$39.49
格雷厄姆成长公式:$89.13
盈利能力价值(EPV):$30.11
合理市净率(P/B):$15.31
股息折现模型(戈登模型):数据不足,无法计算
P/FFO(运营资金):数据不足,无法计算
周期中段收益:数据不足,无法计算
市销率法(P/S):$69.23
分析师共识:买入 (18B / 7H / 0S)
最近财报超预期:-2.29%

估值指标

市盈率(P/E)

41.48

ROE

12.3%

市净率(P/B)

9.17

P/FCF

-

毛利率

-

ROIC

-

盈利能力雷达图

价值创造(经济护城河)

ROIC

-

WACC

8.3%

ROIC − WACC

-

基本面分析标准

通过(6)

  • Price CAGR 21.23%
  • ROE 15.2%
  • Revenue Growth 5Y 26.0%
  • Analyst Consensus 72% Buy
  • Earnings Quality (OCF/NI) 6.19
  • Piotroski F-Score 5/9

未通过(8)

  • P/B Ratio 9.17
  • Debt/Equity ratio
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • DCF valuation (Overvalued)
  • Earnings Surprise avg -6.6%
  • PEG Ratio 2.19

不可用(13)

  • EPS data insufficient
  • ROIC NaN%
  • Gross Margin NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Price below Graham Number
  • Share Dilution (missing shares data)
  • Net Margin Trend (invalid data)

Piotroski F-评分

5/9

信号混杂:部分领域需关注

score
criteria

盈利质量

6.19

高质量:盈利有现金流支撑

股权稀释

-

正在回购股份,对股东友好

机构持股

公司治理

管理团队

姓名职位年龄
Mr. Antony Peter ResslerPartner, Director, Co-Founder & Executive Chairman65
Mr. Michael J. AroughetiCo-Founder, Partner, CEO & Director53
Mr. Blair Victor JacobsonPartner & Co-President-
Mr. Robert Kipp DeVeer IIIPartner, Director & Co-President52
Mr. Jarrod Morgan Phillips CPACFO, Partner & Principal Financial and Accounting Officer47
Ms. Naseem Sera Sagati Aghili J.D.Partner, General Counsel & Corporate Secretary43
Mr. Ryan James-Barclay BerryPartner, Chief Marketing & Strategy Officer45
Mr. William Stephen BenjaminPartner & Vice Chairman60
Mr. Seth J. BrufskyPartner & Vice Chair of Ares58
Mr. Gregory A. MargoliesPartner & Vice Chair of Ares58

审计风险

8

董事会风险

10

薪酬风险

10

股东权利风险

10

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-25

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-08-07

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-09-30

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for ARES, sourced from Markets Gazette.

  • 6h agoPOSITIVE
    Ares Leads Phoenix Tower Debt Package With $2 Billion Facility

    Ares Management Corp. is spearheading a substantial $2 billion debt facility for Phoenix Tower International, a significant player in telecom tower infrastructure based in Florida. This move highlights Ares's strategic deployment of capital into essential infrastructure assets, potentially bolstering its own financial performance and reputation. For investors, this deal signifies Ares's continued strength in private credit markets and its ability to structure large, impactful financing solutions for growing companies in the digital infrastructure space.

  • 9/1/2026POSITIVE
    Ares Venture Buys US Student Housing Properties for $435 Million

    Ares Management Corp. funds, in partnership with The Scion Group, have acquired four US student housing communities for approximately $435 million. This marks the second transaction for their newly formed partnership, signaling continued investment and confidence in the student housing sector. The deal underscores Ares' strategy to expand its real estate portfolio through targeted acquisitions in resilient asset classes. Investors may view this as a positive indicator of Ares' growth initiatives and its ability to deploy capital effectively in attractive real estate markets.

  • 8/31/2026POSITIVE
    Ares Raises $3.8 Billion for Japan-Focused Logistics Fund

    Ares Management Corp. has successfully raised ¥612 billion ($3.8 billion) for its new Japan-focused logistics development fund. This marks the largest closed-end institutional fundraise for its real estate division, signaling strong investor confidence in Ares' strategy and the Japanese logistics market. The substantial capital infusion is expected to fuel significant development and acquisition activities within the sector, potentially leading to increased asset values and rental income for the fund. Investors in Ares stock may see this as a positive indicator of the firm's growth trajectory and its ability to attract large-scale capital.

  • 8/5/2026POSITIVE
    Ares Eyes $2 Billion Loan Deal in Private Credit’s Slow Year

    Ares Management Corp. is spearheading a substantial $2.2 billion direct loan facility to back a healthcare services acquisition. This significant transaction marks one of the largest deals in the private credit market since it experienced considerable redemptions earlier in the year. The move by Ares highlights continued activity and investor appetite for direct lending opportunities, even amidst broader market volatility. For investors in Ares, this deal underscores the firm's robust origination capabilities and its strategic positioning within the resilient private credit sector, potentially signaling strong fee-related earnings.

  • 7/27/2026NEUTRAL
    Ares Bundles €3 Billion of Private Credit for Secondaries Sale

    Ares Management Corp. is reportedly preparing to divest approximately €3 billion ($3.4 billion) in bundled stakes from its premier European direct-lending fund. This transaction is poised to become one of the most significant credit-secondaries deals recorded. The move signals Ares' strategy to unlock liquidity and potentially reallocate capital, which could be viewed positively by investors seeking efficient capital management. However, the direct impact on the company's valuation remains neutral until the deal's specifics and investor reception are fully understood.

  • 6/4/2026NEUTRAL
    Ares’ Jacobson Slams ‘Disconnect’ Over Private Credit Headlines

    Blair Jacobson, co-president of Ares Management Corporation, has voiced concerns about a "real disconnect" between negative media narratives surrounding private credit and the firm's actual portfolio performance. Jacobson indicated that despite prevailing headlines, Ares' portfolio companies are not reflecting the widespread distress suggested by some reports. This statement comes as the private credit market faces increased scrutiny. For investors, this suggests a potential divergence between market sentiment and underlying asset health, warranting a closer look at specific fund performance rather than broad sector generalizations.

  • 6/3/2026NEUTRAL
    Ares CEO Arougheti Says the Private Credit Market Isn't Broken

    Ares Management CEO Michael Arougheti stated that the private credit market is not fundamentally broken, attributing recent stresses to issues within the private equity sector rather than private credit itself. Speaking at the Forbes Iconoclast Summit in New York, Arougheti's comments suggest a resilience in the private credit landscape, differentiating it from broader private market challenges. This perspective could influence investor sentiment towards alternative asset managers and their credit offerings.

  • 6/3/2026NEGATIVE
    Ares Owed $547 Million After Collapse of Textor’s Eagle Football

    Ares Management Corp. is reportedly owed over $547 million following the financial collapse of John Textor's Eagle Football Group. This significant debt exposure, revealed in a filing by administrators, suggests a substantial financial setback for Ares. Investors will be monitoring the recovery prospects and the potential impact on Ares's earnings and liquidity. The situation highlights the risks associated with private credit and distressed asset investments, potentially leading to increased scrutiny of Ares's portfolio management and risk controls.

via Markets Gazette