Overview Dividends

(ARES) Ares Management - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US03990B1017

Direct Lending, Private Equity, Real Estate, Credit, Asset Management

Asset Management & Custody Banks
Market Cap in USD: 55,388m

IPO / Inception: 2014-05-02
Return 12m vs S&P 500: -17.6%

EPS (Earnings per Share)

EPS CAGR: 9.39%
EPS Trend: 65.8%

Last SUE: 0.33
Qual. Beats: 0

Revenue

Rev. CAGR: 6.47%
Rev. Trend: 54.2%

Last SUE: 2.05
Qual. Beats: 2

Dividends

Dividend Yield	3.15%
Yield on Cost 5y	13.20%
Yield CAGR 5y	23.48%
Payout Consistency	98.8%
Payout Ratio	92.6%

Risk via 5d forecast
Volatility	27.6%
Value at Risk 5%th	46.4%
Relative Tail Risk	2.13%

Reward TTM
Sharpe Ratio	0.00
Alpha	-26.42
CAGR/Max DD	1.00

Character TTM
Hurst Exponent	0.387
Beta	1.615
Beta Downside	2.026

Drawdowns 3y
Max DD	39.98%
Mean DD	6.82%
Median DD	3.77%

Description: ARES Ares Management December 11, 2025

Ares Management Corp. (NYSE: ARES) is a diversified alternative-asset manager operating across the United States, Europe, and Asia. Its business is split into three primary segments: Direct Lending, Private Equity, and Real Estate.

• The Direct Lending Group targets middle-market companies, typically providing senior secured loans ranging from $1 M to $400 M to firms with EBITDA of $10 M–$250 M. This segment benefits from a low-interest-rate environment that supports credit-supply demand, but is sensitive to widening credit spreads if recession risks intensify.

• The Private Equity Group focuses on majority- or shared-control investments in under-capitalized businesses, often leveraging its credit platform to add financing flexibility. Recent deal flow data suggest a modest slowdown in large-cap buyouts, making mid-market opportunities relatively more attractive.

• The Real Estate Group invests in development and repositioning projects, primarily through control or majority stakes, and originates financing for middle-market commercial-real-estate owners. Sector performance is closely tied to office-space utilization trends and the pace of urban redevelopment, which have shown mixed signals post-pandemic.

Key operational metrics (as of the latest FY 2024 filing) include approximately $400 B of assets under management, a net income margin of ~12 %, and a weighted-average cost of debt around 4.5 %. The firm’s investment range-$10 M–$100 M of debt per transaction-positions it to capture the “gap” financing market that traditional banks have retreated from.

Founded in 1997 and headquartered in Los Angeles, Ares Management GP LLC serves as the general partner, overseeing strategy and capital allocation across its global platform.

For a deeper, data-driven view of ARES’s valuation dynamics, you may find the analytics on ValueRay worth a quick look.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (650.4m TTM) > 0 and > 6% of Revenue (6% = 321.3m TTM)

FCFTA 0.17 (>2.0%) and ΔFCFTA 11.24pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -99.07% (prev -37.52%; Δ -61.55pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.17 (>3.0%) and CFO 4.56b > Net Income 650.4m (YES >=105%, WARN >=100%)

Net Debt (11.23b) to EBITDA (1.92b) ratio: 5.86 <= 3.0 (WARN <= 3.5)

Current Ratio 0.09 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (219.9m) change vs 12m ago 9.54% (target <= -2.0% for YES)

Gross Margin 54.74% (prev 54.90%; Δ -0.16pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 20.78% (prev 15.01%; Δ 5.77pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.05 (EBITDA TTM 1.92b / Interest Expense TTM 827.9m) >= 6 (WARN >= 3)

Altman Z'' -1.06

(A) -0.20 = (Total Current Assets 496.7m - Total Current Liabilities 5.80b) / Total Assets 27.03b

(B) -0.05 = Retained Earnings (Balance) -1.22b / Total Assets 27.03b

(D) -0.06 = Book Value of Equity -1.19b / Total Liabilities 18.43b

Total Rating: -1.06 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 64.55

1. Piotroski 4.0pt

2. FCF Yield 6.74%

3. FCF Margin 83.89%

4. Debt/Equity 2.84

5. Debt/Ebitda 5.86

6. ROIC - WACC (= -0.74)%

7. RoE 15.46%

8. Rev. Trend 54.19%

9. EPS Trend 65.79%

What is the price of ARES shares?

As of December 30, 2025, the stock is trading at USD 169.05 with a total of 1,632,755 shares traded.
Over the past week, the price has changed by -0.73%, over one month by +7.19%, over three months by +4.62% and over the past year by -2.49%.

Is ARES a buy, sell or hold?

Ares Management has received a consensus analysts rating of 3.93. Therefore, it is recommended to buy ARES.

Strong Buy: 4
Buy: 6
Hold: 5
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the ARES price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	188.8	11.7%
Analysts Target Price	188.8	11.7%
ValueRay Target Price	226.1	33.7%

ARES Fundamental Data Overview December 27, 2025

Market Cap USD = 55.39b (55.39b USD * 1.0 USD.USD)
P/E Trailing = 71.3333
P/E Forward = 26.0417
P/S = 10.3422
P/B = 12.3623
P/EG = 1.2282
Beta = 1.545
Revenue TTM = 5.36b USD
EBIT TTM = 1.70b USD
EBITDA TTM = 1.92b USD
Long Term Debt = 11.26b USD (from longTermDebt, last quarter)
Short Term Debt = 22.3m 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 = 66.61b USD (55.39b + Debt 12.73b - CCE 1.50b)
Interest Coverage Ratio = 2.05 (Ebit TTM 1.70b / Interest Expense TTM 827.9m)
FCF Yield = 6.74% (FCF TTM 4.49b / Enterprise Value 66.61b)
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 = 2.46 (Enterprise Value 66.61b / 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 = 0.09 (Total Current Assets 496.7m / Total Current Liabilities 5.80b)
Debt / Equity = 2.84 (Debt 12.73b / totalStockholderEquity, last quarter 4.47b)
Debt / EBITDA = 5.86 (Net Debt 11.23b / EBITDA 1.92b)
Debt / FCF = 2.50 (Net Debt 11.23b / FCF TTM 4.49b)
Total Stockholder Equity = 4.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.41% (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 = 9.98% (E(55.39b)/V(68.11b) * Re(11.97%) + D(12.73b)/V(68.11b) * Rd(1.60%) * (1-Tc(0.17)))
Discount Rate = 11.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.64%
[DCF Debug] Terminal Value 55.04% ; FCFE base≈3.22b ; Y1≈2.12b ; Y5≈967.6m
Fair Price DCF = 52.90 (DCF Value 11.47b / Shares Outstanding 216.9m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 65.79 | EPS CAGR: 9.39% | SUE: 0.33 | # QB: 0
Revenue Correlation: 54.19 | Revenue CAGR: 6.47% | SUE: 2.05 | # QB: 2
EPS next Quarter (2026-03-31): EPS=1.40 | Chg30d=+0.035 | Revisions Net=+2 | Analysts=11
EPS next Year (2026-12-31): EPS=6.52 | Chg30d=+0.038 | Revisions Net=+1 | Growth EPS=+28.7% | Growth Revenue=+19.3%

Additional Sources for ARES Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle