ARES MANAGEMENT Reports Q2 FY2023 Earnings Results on August 3rd
August 26, 2023
🌥️Earnings Overview
On August 3 2023, ARES MANAGEMENT ($NYSE:ARES) revealed their financial results for the second quarter of FY2023 (ending June 30 2023). Compared to the same period in 2022, total revenue saw an 81.8% increase to USD 1093.3 million, and net income skyrocketed from 39.7 million to USD 144.5 million.
Price History
On Thursday, August 3rd, ARES MANAGEMENT reported their earnings results for the second quarter of the fiscal year 2023. The company opened at $99.9 and closed at $99.8, a decrease of 0.6% from the previous closing price of 100.4. The company’s strong fundamentals and attractive dividend yield offer investors an attractive long-term investment opportunity. Live Quote…
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 |
| 3.65k | 302.82 | 4.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ares Management. More…
| Operations | Investing | Financing |
| -157.39 | -38.38 | 215.07 |
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 |
| 23.12k | 19.13k | 9.62 |
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 |
| 33.9% | 44.8% | 43.7% |
| FCF Margin | ROE | ROA |
| -5.4% | 58.2% | 4.3% |
Analysis
GoodWhale conducted an analysis of ARES MANAGEMENT‘s wellbeing. According to our Star Chart, ARES MANAGEMENT has a low health score of 2/10. This is due to its cashflows and debt, which means it is less likely to sustain future operations in times of crisis. Looking at its individual components, ARES MANAGEMENT is strong in dividend, growth, and medium in profitability. Its weakest component is asset, which explains its low health score. Based on our analysis, we classify ARES MANAGEMENT as a ‘cheetah’ type of company – one that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Such a company would generally be interesting to investors looking for high growth potential with less stability. These investors are typically willing to take on more risk in exchange for higher potential returns. More…
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
The company’s strong performance is largely attributed to strong execution from its investments and strategic decisions. Investors should be encouraged by these results, as it indicates ARES is well-positioned to continue to deliver strong returns going forward.
Related Posts
Recent Posts
