Ares Capital Corporation (ARCC)
Ares Capital Statistics
Share Statistics
Ares Capital has 671.48M shares outstanding. The number of shares has increased by 11.38% in one year.
| Shares Outstanding | 671.48M |
| Shares Change (YoY) | 11.38% |
| Shares Change (QoQ) | 5.94% |
| Owned by Institutions (%) | 31.82% |
| Shares Floating | 667.12M |
| Failed to Deliver (FTD) Shares | 896 |
| FTD / Avg. Volume | 0.01% |
Short Selling Information
The latest short interest is 15.54M, so 2.27% of the outstanding shares have been sold short.
| Short Interest | 15.54M |
| Short % of Shares Out | 2.27% |
| Short % of Float | 2.28% |
| Short Ratio (days to cover) | 3.48 |
Valuation Ratios
The PE ratio is 9.74 and the forward PE ratio is 9.58. Ares Capital's PEG ratio is -0.54.
| PE Ratio | 9.74 |
| Forward PE | 9.58 |
| PS Ratio | 5.61 |
| Forward PS | 3.5 |
| PB Ratio | 1.02 |
| P/FCF Ratio | -6.42 |
| PEG Ratio | -0.54 |
Enterprise Valuation
Ares Capital has an Enterprise Value (EV) of 13.02B.
| EV / Sales | 5.35 |
| EV / EBITDA | 0 |
| EV / EBIT | -6.12 |
| EV / FCF | -6.12 |
Financial Position
The company has a current ratio of 1.07, with a Debt / Equity ratio of 0.
| Current Ratio | 1.07 |
| Quick Ratio | 1.07 |
| Debt / Equity | 0 |
| Debt / EBITDA | - |
| Debt / FCF | 0 |
| Interest Coverage | 3.63 |
Financial Efficiency
Return on Equity is 10.51% and Return on Invested Capital is 8.53%.
| Return on Equity | 10.51% |
| Return on Assets | 4.97% |
| Return on Invested Capital | 8.53% |
| Revenue Per Employee | $2.03M |
| Profits Per Employee | $1.17M |
| Employee Count | 1,200 |
| Asset Turnover | 0.09 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 73M |
| Effective Tax Rate | 4.58% |
Stock Price Statistics
The stock price has increased by -0.19% in the last 52 weeks. The beta is 0.82, so Ares Capital's price volatility has been higher than the market average.
| Beta | 0.82 |
| 52-Week Price Change | -0.19% |
| 50-Day Moving Average | 21.86 |
| 200-Day Moving Average | 21.58 |
| Relative Strength Index (RSI) | 48.33 |
| Average Volume (20 Days) | 6.2M |
Income Statement
In the last 12 months, Ares Capital had revenue of 2.44B and earned 1.4B in profits. Earnings per share was 2.25.
| Revenue | 2.44B |
| Gross Profit | 2.44B |
| Operating Income | 2.39B |
| Net Income | 1.4B |
| EBITDA | 0 |
| EBIT | 4.65B |
| Earnings Per Share (EPS) | 2.25 |
Balance Sheet
The company has 635M in cash and 0 in debt, giving a net cash position of 635M.
| Cash & Cash Equivalents | 635M |
| Total Debt | 0 |
| Net Cash | 635M |
| Retained Earnings | 0 |
| Total Assets | 28.25B |
| Working Capital | 62M |
Cash Flow
In the last 12 months, operating cash flow was -2.13B and capital expenditures 0, giving a free cash flow of -2.13B.
| Operating Cash Flow | -2.13B |
| Capital Expenditures | 0 |
| Free Cash Flow | -2.13B |
| FCF Per Share | -3.41 |
Margins
Gross margin is 100%, with operating and profit margins of 98.23% and 57.59%.
| Gross Margin | 100% |
| Operating Margin | 98.23% |
| Pretax Margin | 65.48% |
| Profit Margin | 57.59% |
| EBITDA Margin | n/a |
| EBIT Margin | 98.23% |
| FCF Margin | -87.36% |
Dividends & Yields
ARCC pays an annual dividend of $2.4, which amounts to a dividend yield of 9.02%.
| Dividend Per Share | $2.40 |
| Dividend Yield | 9.02% |
| Dividend Growth (YoY) | 0% |
| Payout Ratio | 98.36% |
| Earnings Yield | 10.27% |
| FCF Yield | -15.58% |
Analyst Forecast
The average price target for ARCC is $22, which is 6% higher than the current price. The consensus rating is "Buy".
| Price Target | $22 |
| Price Target Difference | 6% |
| Analyst Consensus | Buy |
| Analyst Count | 10 |
Scores
| Altman Z-Score | 0.8 |
| Piotroski F-Score | 2 |