Ares Management Intrinsic Value – ARES MANAGEMENT Reports Total Revenue of USD 1009.4 Million for FY2023 Q3, up 4.5% Y/Y
November 20, 2023
🌥️Earnings Overview
At the conclusion of ARES MANAGEMENT ($NYSE:ARES)’s Fiscal Year 2023 3rd Quarter (ending September 30, 2023), the company reported total revenue of USD 1009.4 million, which was a 4.5% increase from the same period last year. Net income for the quarter was an impressive USD 61.8 million, a marked recovery from the -35.6 million reported for the same period in the prior year.
Analysis – Ares Management Intrinsic Value
GoodWhale has conducted an analysis on the fundamentals of ARES MANAGEMENT and determined its intrinsic value to be around $78.1. This has been calculated using our proprietary Valuation Line. Currently, ARES MANAGEMENT shares are being traded at a price of $104.0, which is an overvaluation of 33.1%. Investors should take this into account when deciding whether to invest in the company or not. It is worth noting that the intrinsic value may change depending on various factors such as the company’s financial performance and the economic environment. Therefore, investors should conduct further research before making any decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ares Management. More…
| Total Revenues | Net Income | Net Margin |
| 4.69k | 398.4 | 8.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ares Management. More…
| Operations | Investing | Financing |
| 136.28 | -51.51 | -140.62 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ares Management. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.38k | 19.37k | 9.17 |
Key Ratios Snapshot
Some of the financial key ratios for Ares Management are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 37.2% | 58.5% | 42.2% |
| FCF Margin | ROE | ROA |
| 1.8% | 70.9% | 5.3% |
Peers
The company operates in three segments: Private Equity, Real Estate, and Credit. Ares Management Corp was founded in 1997 and is headquartered in Los Angeles, California.
– Pengana Capital Group Ltd ($ASX:PCG)
Pengana Capital Group Ltd is a publicly listed company on the Australian Securities Exchange with a market capitalisation of $180.58 million as of April 2021. The company is a leading global alternative asset manager with a focus on private equity, hedge funds, real estate and credit strategies. Pengana has a long and successful track record of delivering strong absolute and relative returns to investors across a range of market cycles. The company has a strong commitment to responsible investing and is a signatory to the United Nations Principles for Responsible Investment. Pengana’s responsible investing framework is embedded across all aspects of the business, from investment selection and due diligence through to monitoring and engagement with investee companies.
– Partners Group Holding AG ($OTCPK:PGPHF)
Partners Group Holding AG is a global private markets investment management firm with over EUR 85 billion in assets under management and more than 1,000 professionals across 35 offices worldwide. The firm offers a broad range of private markets investment products and services for institutional investors, family offices and high-net-worth individuals. Partners Group is listed on the SIX Swiss Exchange (symbol: PGHN) and is headquartered in Zug, Switzerland.
– StepStone Group Inc ($NASDAQ:STEP)
The Stone Group Inc. is a leading provider of online employment solutions. Its mission is to empower employers and job seekers with the best technology and services to find the right fit. The company offers a variety of services to its clients, including job search, resume writing, and career advice. The Stone Group Inc. has a market cap of 1.91B as of 2022, a Return on Equity of 13.27%. The company’s strong market position and financial performance make it an attractive investment opportunity.
Summary
Ares Management‘s FY2023 Q3 financials appear strong, with total revenue reaching USD 1009.4 million and net income totaling USD 61.8 million. This represents a 4.5% year-over-year increase in revenue and a substantial rebound from the -35.6 million reported for the same period last year. This strong performance indicates that the company is well positioned for future growth, making it an attractive investment option for those seeking returns with minimal risk.
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