Ares Management Corporation

Ares Management Corporation

ARESยทNYSE

$123.13

-4.4%
Financial ServicesAsset Management

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. 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 was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.

At a Glance

Live Snapshot
Market Cap$40.44B
EPS1.9600
P/E Ratio62.82
Earnings Date07/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 62.8).

Valuation inputs: P/E 62.8, earnings yield +1.6%, momentum -4.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +12.3%, ROIC +5.1%).

Profitability stack: net margin +8.2%, ROE +12.3%, ROIC +5.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +70.0%, momentum -4.4%, net margin +8.2%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Ares Management Corporation Market vs Earnings Trajectory

ARES ยท NYSE

Loading price and EPS data...

Ares Management Corporation

Ares Management Corporation Fair Value Envelope

ARES ยท NYSE

Our analysis suggests that ARES has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $123.13, this represents a potential HIDDEN relative to our calculated worth for Ares Management Corporation.

Intrinsic Value
Current Price: $123.13
3Y+125.0%
5Y+120.0%
10Y+61.0%
3Y+112.0%
5Y+267.0%
10Y+416.0%
3Y+215.0%
5Y+247.0%
10Y+372.0%
3Y-320.0%
5Y-480.0%
10Y-358.0%
3Y-301.0%
5Y-450.0%
10Y-342.0%
3Y+32.0%
5Y+91.0%
10Y+397.0%
Ares Management Corporation

Ares Management Corporation Profit Bridge

ARES ยท NYSE
Revenue6.47B
Cost of Goods Sold (1.63B)
Gross Profit4.84B
Operating Expenses (3.08B)
Operating Income1.76B
Interest Expense (767.46M)
Other Income/Expense-474.48M
Pretax Income1.29B
Income Tax (198.53M)
Net Income527.36M
Net Income
527.36M

Profitability Analysis

Gross Margin

74.8%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

27.2%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

8.2%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

15.4%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

74.79%
Gross Profit Margin
35%
3Y+47.0%
5Y+32.0%
10Y+124.0%
27.22%
Operating Profit Margin
12%
3Y+172.0%
5Y+53.0%
10Y+44.0%
8.15%
Net Profit Margin
-32%
3Y+49.0%
5Y-5.0%
10Y-9.0%
12.33%
Return on Equity
-6%
3Y+17.0%
5Y-3.0%
10Y-35.0%
1.82%
Return on Assets
-2%
3Y+139.0%
5Y+81.0%
10Y-5.0%
5.14%
Return on Invested Capital
30%
3Y+266.0%
5Y+161.0%
10Y+10.0%
ARES

Ares Management Corporation Cash Conversion Engine

ARES ยท NYSE
Net Income484.79M
Depreciation & Amortization241.93M
Stock-Based Compensation0.00
Change in Working Capital273.24M
Others616.56M
Capital Expenditures-72.18M
Free Cash Flow1.54B

Cash Flow Quality Analysis

FCF Conversion Rate

318.6%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

4.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-42.8%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$273.24M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

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Ares Management Corporation Funding & Solvency Profile

ARES ยท NYSE
Cash & Cash Equivalents1.50B
Net Receivables1.90B
Inventory0.00
Other Current Assets-51.98M
Total Current Assets3 B
Property, Plant & Equipment517.35M
Goodwill & Intangible Assets5.57B
Long-Term Investments12.84B
Other Non-Current Assets6.71B
Total Non-Current Assets20 B
Total Assets
28.99B

Financial Health Analysis

Current Ratio

2.24x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

2.33x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

2 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

12% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

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Ares Management Corporation Street Expectations Map

ARES ยท NYSE

Wall Street analysts project that ARES stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 171.13, with estimates ranging from a low of 140.00 to a high of 215.00.

Lowest Target
140.00
13.70%
Consensus Target
171.13
38.98%
Highest Target
215.00
74.61%

The consensus 1-year price target stands at 171.13, with estimates ranging from a low of 140.00 to a high of 215.00.

Analyst Consensus Analysis

Upside Potential

+39.0%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

43.8% spread

Mixed analyst views. Wide target range suggests differing opinions on key value drivers, growth prospects, or risk factors.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Ares Management Corporation Insider Positioning

ARES ยท NYSE

During the last 12 months, insiders have purchased $1.33M and sold $83.23M worth of ARES shares, resulting in $81.91M of net selling activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

10.5K

1.33M

Sold

1.5K

239.54K

Net Activity

+1.1M

+$1.09M

6-9 Months

Bought

0

0.00

Sold

156.7K

24.53M

Net Activity

-24.5M

-$24.53M

9-12 Months

Bought

0

0.00

Sold

325.1K

58.46M

Net Activity

-58.5M

-$58.46M

Top Buyers

1
BA

Bhutani Ashish

Director

10.0K sharesโ€ข1 transactions

$1.27M

2
OJD

Olian Judy D.

Director

480 sharesโ€ข1 transactions

$60K

Top Sellers

1
RAP

Ressler Antony P

Director, 10 Percent Owner, Officer: Co-Founder & Exec. Chairman

244.1K sharesโ€ข15 transactions

$43.84M

2
AMJ

Arougheti Michael J

Director, Officer: Co-Founder And Ceo

191.5K sharesโ€ข10 transactions

$31.28M

3
RB

Rosenthal Bennett

Director, Officer: Co-Founder & Chairman Of Peg

45.0K sharesโ€ข1 transactions

$7.65M

4
SAN

Sagati Aghili Naseem

Officer: General Counsel

2.8K sharesโ€ข4 transactions

$458K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $81.91M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.02:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

Moderate Selling

4 insider sellers vs. 2 buyers. More insiders selling than buying suggests cautious or negative sentiment.

1.24%
Dividend Yield
-4%
3Y-27.0%
5Y-30.0%
10Y-63.0%
ย 

ares Dividend History

ARES
10Y CAGR +21%
Latest $1.35
Annual $6.06
5 year growth trend
Last Period: +0%