Intrinsic value of Ares Management Corporation (ARES)

[per Chepakovich valuation model]

other valuations of ARES

[per Chepakovich valuation model]  See other valuations of ARES stock

Previous Close$70.89
Intrinsic Value
Upside potential
Previous Close
$70.89

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2021-03-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %-7.4NaN
Revenue, $1658NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m1344NaN
Operating income, $m314NaN
EBITDA, $m355NaN
Interest expense (income), $mNaN
Earnings before tax, $m175NaN
Tax expense, $m55NaN
Net income, $m120NaN

BALANCE SHEET

Cash and short-term investments, $m1062NaN
Total assets, $m15173NaN
Adjusted assets (=assets-cash), $m14111NaN
Average production assets, $m584NaN
Working capital, $m-10045NaN
Total debt, $m10904NaN
Total liabilities, $m13979NaN
Total equity, $m1194NaN
Debt-to-equity ratio9.132NaN
Adjusted equity ratio0.017NaN

CASH FLOW

Net income, $m120NaN
Depreciation, amort., depletion, $m41NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m459NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-16NaN
Free cash flow, $m475NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-10045
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN