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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash to Debt 0.03
ARCC's Cash to Debt is ranked lower than
96% of the 1579 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. ARCC: 0.03 )
Ranked among companies with meaningful Cash to Debt only.
ARCC' s Cash to Debt Range Over the Past 10 Years
Min: 0.02  Med: 0.07 Max: No Debt
Current: 0.03
Equity to Asset 0.57
ARCC's Equity to Asset is ranked lower than
74% of the 1451 Companies
in the Global Asset Management industry.

( Industry Median: 0.84 vs. ARCC: 0.57 )
Ranked among companies with meaningful Equity to Asset only.
ARCC' s Equity to Asset Range Over the Past 10 Years
Min: 0.52  Med: 0.6 Max: 0.96
Current: 0.57
0.52
0.96
Interest Coverage 2.71
ARCC's Interest Coverage is ranked lower than
89% of the 1375 Companies
in the Global Asset Management industry.

( Industry Median: 889.39 vs. ARCC: 2.71 )
Ranked among companies with meaningful Interest Coverage only.
ARCC' s Interest Coverage Range Over the Past 10 Years
Min: 2.11  Med: 2.57 Max: No Debt
Current: 2.71
F-Score: 4
Z-Score: 1.12
M-Score: -2.02
WACC vs ROIC
6.74%
5.04%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 51.92
ARCC's Operating margin (%) is ranked higher than
53% of the 1473 Companies
in the Global Asset Management industry.

( Industry Median: 46.87 vs. ARCC: 51.92 )
Ranked among companies with meaningful Operating margin (%) only.
ARCC' s Operating margin (%) Range Over the Past 10 Years
Min: 45.69  Med: 50.12 Max: 54.63
Current: 51.92
45.69
54.63
Net-margin (%) 40.83
ARCC's Net-margin (%) is ranked higher than
53% of the 1476 Companies
in the Global Asset Management industry.

( Industry Median: 35.09 vs. ARCC: 40.83 )
Ranked among companies with meaningful Net-margin (%) only.
ARCC' s Net-margin (%) Range Over the Past 10 Years
Min: -57.99  Med: 52.88 Max: 143.12
Current: 40.83
-57.99
143.12
ROE (%) 7.94
ARCC's ROE (%) is ranked higher than
66% of the 1585 Companies
in the Global Asset Management industry.

( Industry Median: 3.05 vs. ARCC: 7.94 )
Ranked among companies with meaningful ROE (%) only.
ARCC' s ROE (%) Range Over the Past 10 Years
Min: -12.57  Med: 10.65 Max: 32.12
Current: 7.94
-12.57
32.12
ROA (%) 4.46
ARCC's ROA (%) is ranked higher than
64% of the 1614 Companies
in the Global Asset Management industry.

( Industry Median: 1.74 vs. ARCC: 4.46 )
Ranked among companies with meaningful ROA (%) only.
ARCC' s ROA (%) Range Over the Past 10 Years
Min: -7.11  Med: 6.56 Max: 20.12
Current: 4.46
-7.11
20.12
Revenue Growth (3Y)(%) 0.10
ARCC's Revenue Growth (3Y)(%) is ranked higher than
50% of the 1017 Companies
in the Global Asset Management industry.

( Industry Median: 0.30 vs. ARCC: 0.10 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
ARCC' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -4.6  Med: 4.9 Max: 91.7
Current: 0.1
-4.6
91.7
EBITDA Growth (3Y)(%) -11.70
ARCC's EBITDA Growth (3Y)(%) is ranked lower than
69% of the 853 Companies
in the Global Asset Management industry.

( Industry Median: 0.80 vs. ARCC: -11.70 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
ARCC' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -16.9  Med: 8.7 Max: 97.3
Current: -11.7
-16.9
97.3
EPS Growth (3Y)(%) -18.40
ARCC's EPS Growth (3Y)(%) is ranked lower than
73% of the 765 Companies
in the Global Asset Management industry.

( Industry Median: 3.80 vs. ARCC: -18.40 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
ARCC' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -22.4  Med: 7.3 Max: 66.9
Current: -18.4
-22.4
66.9
» ARCC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q4 2015

ARCC Guru Trades in Q4 2015

NWQ Managers 715,578 sh (+2.42%)
Pioneer Investments 625,079 sh (+1.16%)
Manning & Napier Advisors, Inc 36,860 sh (unchged)
Ray Dalio Sold Out
Murray Stahl 12,070 sh (-25.38%)
Scott Black 128,244 sh (-76.54%)
» More
Q1 2016

ARCC Guru Trades in Q1 2016

Jeremy Grantham 246,900 sh (New)
Scott Black 152,199 sh (+18.68%)
Manning & Napier Advisors, Inc 36,860 sh (unchged)
NWQ Managers 699,053 sh (-2.31%)
Murray Stahl 11,561 sh (-4.22%)
Pioneer Investments 363,044 sh (-41.92%)
» More
Q2 2016

ARCC Guru Trades in Q2 2016

Paul Tudor Jones 160,235 sh (New)
Jeremy Grantham 479,538 sh (+94.22%)
NWQ Managers 694,403 sh (-0.67%)
Scott Black 147,872 sh (-2.84%)
Murray Stahl 10,162 sh (-12.10%)
Manning & Napier Advisors, Inc 32,302 sh (-12.37%)
Pioneer Investments 155,382 sh (-57.20%)
» More
Q3 2016

ARCC Guru Trades in Q3 2016

David Dreman 15,670 sh (New)
Columbia Wanger 1,592,150 sh (New)
Pioneer Investments 1,947,495 sh (+1153.36%)
NWQ Managers 1,116,673 sh (+60.81%)
Manning & Napier Advisors, Inc 32,302 sh (unchged)
Murray Stahl Sold Out
Scott Black 145,048 sh (-1.91%)
Paul Tudor Jones 154,308 sh (-3.70%)
Jeremy Grantham 21,159 sh (-95.59%)
» More
» Details

Insider Trades

Latest Guru Trades with ARCC

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Business Description

Industry: Asset Management » Asset Management
Compare:OTCPK:WNDLF, OTCPK:CIFAF, OTCPK:ABDNF, NYSE:EV, NYSE:OAK, NAS:ACAS, NYSE:ARES, OTCPK:KNVKF, OTCPK:IGIFF, OTCPK:HNDGF, NYSE:LM, NYSE:KKR, AMEX:CEF, NAS:PSEC, NYSE:NSAM, OTCPK:FPAFY, NYSE:NVG, NYSE:FII, NAS:WINS, NYSE:VOYA » details
Traded in other countries:9A2.Germany,
Ares Capital Corporation is a specialty finance company that is a closed-end, non-diversified management investment company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments.

Ares Capital Corp was founded on April 16, 2004 and completed its initial public offering on October 8, 2004. It is a specialty finance company that is a closed-end, non-diversified management investment company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in U.S. middle-market companies, where the supply of primary capital is limited and the investment opportunities are attractive. It also invests in first lien senior secured loans, second lien senior secured loans and mezzanine debt, which in some cases includes an equity component like warrants. Its competitors include public and private funds, commercial and investment banks, commercial finance companies, other BDCs and private equity funds. The Company and its portfolio companies are subject to regulation by laws and regulations at the local, state, federal and, in some cases, foreign levels.

Ratios

vs
industry
vs
history
P/E(ttm) 12.35
ARCC's P/E(ttm) is ranked higher than
58% of the 1062 Companies
in the Global Asset Management industry.

( Industry Median: 14.86 vs. ARCC: 12.35 )
Ranked among companies with meaningful P/E(ttm) only.
ARCC' s P/E(ttm) Range Over the Past 10 Years
Min: 3.47  Med: 9.24 Max: 107.64
Current: 12.35
3.47
107.64
Forward P/E 9.52
ARCC's Forward P/E is ranked higher than
75% of the 112 Companies
in the Global Asset Management industry.

( Industry Median: 11.51 vs. ARCC: 9.52 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 12.35
ARCC's PE(NRI) is ranked higher than
58% of the 1071 Companies
in the Global Asset Management industry.

( Industry Median: 15.21 vs. ARCC: 12.35 )
Ranked among companies with meaningful PE(NRI) only.
ARCC' s PE(NRI) Range Over the Past 10 Years
Min: 3.47  Med: 9.24 Max: 107.64
Current: 12.35
3.47
107.64
P/B 0.97
ARCC's P/B is ranked higher than
51% of the 1556 Companies
in the Global Asset Management industry.

( Industry Median: 0.97 vs. ARCC: 0.97 )
Ranked among companies with meaningful P/B only.
ARCC' s P/B Range Over the Past 10 Years
Min: 0.3  Med: 1.04 Max: 1.38
Current: 0.97
0.3
1.38
P/S 5.00
ARCC's P/S is ranked higher than
60% of the 1219 Companies
in the Global Asset Management industry.

( Industry Median: 6.85 vs. ARCC: 5.00 )
Ranked among companies with meaningful P/S only.
ARCC' s P/S Range Over the Past 10 Years
Min: 1.29  Med: 5.13 Max: 8.65
Current: 5
1.29
8.65
POCF 17.57
ARCC's POCF is ranked lower than
54% of the 758 Companies
in the Global Asset Management industry.

( Industry Median: 15.77 vs. ARCC: 17.57 )
Ranked among companies with meaningful POCF only.
ARCC' s POCF Range Over the Past 10 Years
Min: 5.91  Med: 16.55 Max: 90
Current: 17.57
5.91
90
EV-to-EBIT 13.73
ARCC's EV-to-EBIT is ranked higher than
51% of the 1020 Companies
in the Global Asset Management industry.

( Industry Median: 14.21 vs. ARCC: 13.73 )
Ranked among companies with meaningful EV-to-EBIT only.
ARCC' s EV-to-EBIT Range Over the Past 10 Years
Min: -70.7  Med: 10.9 Max: 72.4
Current: 13.73
-70.7
72.4
EV-to-EBITDA 13.71
ARCC's EV-to-EBITDA is ranked lower than
51% of the 1036 Companies
in the Global Asset Management industry.

( Industry Median: 13.04 vs. ARCC: 13.71 )
Ranked among companies with meaningful EV-to-EBITDA only.
ARCC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -71.8  Med: 10.9 Max: 71.3
Current: 13.71
-71.8
71.3
Shiller P/E 9.46
ARCC's Shiller P/E is ranked higher than
86% of the 385 Companies
in the Global Asset Management industry.

( Industry Median: 18.17 vs. ARCC: 9.46 )
Ranked among companies with meaningful Shiller P/E only.
ARCC' s Shiller P/E Range Over the Past 10 Years
Min: 7.54  Med: 8.97 Max: 10.06
Current: 9.46
7.54
10.06
Current Ratio 1.30
ARCC's Current Ratio is ranked lower than
77% of the 1072 Companies
in the Global Asset Management industry.

( Industry Median: 4.25 vs. ARCC: 1.30 )
Ranked among companies with meaningful Current Ratio only.
ARCC' s Current Ratio Range Over the Past 10 Years
Min: 0.36  Med: 1.3 Max: 4.13
Current: 1.3
0.36
4.13
Quick Ratio 1.30
ARCC's Quick Ratio is ranked lower than
74% of the 1072 Companies
in the Global Asset Management industry.

( Industry Median: 4.16 vs. ARCC: 1.30 )
Ranked among companies with meaningful Quick Ratio only.
ARCC' s Quick Ratio Range Over the Past 10 Years
Min: 0.36  Med: 1.3 Max: 4.13
Current: 1.3
0.36
4.13
Days Sales Outstanding 51.25
ARCC's Days Sales Outstanding is ranked lower than
55% of the 500 Companies
in the Global Asset Management industry.

( Industry Median: 43.50 vs. ARCC: 51.25 )
Ranked among companies with meaningful Days Sales Outstanding only.
ARCC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.64  Med: 51.18 Max: 104.55
Current: 51.25
26.64
104.55
Days Payable 164.88
ARCC's Days Payable is ranked higher than
75% of the 245 Companies
in the Global Asset Management industry.

( Industry Median: 53.06 vs. ARCC: 164.88 )
Ranked among companies with meaningful Days Payable only.
ARCC' s Days Payable Range Over the Past 10 Years
Min: 42.79  Med: 98.38 Max: 215.09
Current: 164.88
42.79
215.09

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 9.38
ARCC's Dividend Yield is ranked higher than
88% of the 1486 Companies
in the Global Asset Management industry.

( Industry Median: 4.45 vs. ARCC: 9.38 )
Ranked among companies with meaningful Dividend Yield only.
ARCC' s Dividend Yield Range Over the Past 10 Years
Min: 7.56  Med: 9.18 Max: 49.85
Current: 9.38
7.56
49.85
Dividend Payout 1.16
ARCC's Dividend Payout is ranked lower than
72% of the 807 Companies
in the Global Asset Management industry.

( Industry Median: 0.62 vs. ARCC: 1.16 )
Ranked among companies with meaningful Dividend Payout only.
ARCC' s Dividend Payout Range Over the Past 10 Years
Min: 0.2  Med: 0.85 Max: 10.5
Current: 1.16
0.2
10.5
Dividend Growth (3y) 0.40
ARCC's Dividend Growth (3y) is ranked lower than
59% of the 651 Companies
in the Global Asset Management industry.

( Industry Median: 2.40 vs. ARCC: 0.40 )
Ranked among companies with meaningful Dividend Growth (3y) only.
ARCC' s Dividend Growth (3y) Range Over the Past 10 Years
Min: -5.7  Med: 0.7 Max: 76.9
Current: 0.4
-5.7
76.9
Forward Dividend Yield 9.48
ARCC's Forward Dividend Yield is ranked higher than
87% of the 1385 Companies
in the Global Asset Management industry.

( Industry Median: 4.69 vs. ARCC: 9.48 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 10.31
ARCC's Yield on cost (5-Year) is ranked higher than
83% of the 1720 Companies
in the Global Asset Management industry.

( Industry Median: 5.06 vs. ARCC: 10.31 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
ARCC' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 8.31  Med: 10.09 Max: 54.77
Current: 10.31
8.31
54.77
3-Year Average Share Buyback Ratio -8.10
ARCC's 3-Year Average Share Buyback Ratio is ranked lower than
71% of the 872 Companies
in the Global Asset Management industry.

( Industry Median: -1.30 vs. ARCC: -8.10 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
ARCC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -87.3  Med: -28.3 Max: -8.1
Current: -8.1
-87.3
-8.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.97
ARCC's Price/Tangible Book is ranked higher than
52% of the 1493 Companies
in the Global Asset Management industry.

( Industry Median: 0.98 vs. ARCC: 0.97 )
Ranked among companies with meaningful Price/Tangible Book only.
ARCC' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.43  Med: 1.06 Max: 1.26
Current: 0.97
0.43
1.26
Price/Projected FCF 3.11
ARCC's Price/Projected FCF is ranked lower than
91% of the 469 Companies
in the Global Asset Management industry.

( Industry Median: 1.02 vs. ARCC: 3.11 )
Ranked among companies with meaningful Price/Projected FCF only.
ARCC' s Price/Projected FCF Range Over the Past 10 Years
Min: 2.99  Med: 21.09 Max: 86.63
Current: 3.11
2.99
86.63
Price/Median PS Value 0.98
ARCC's Price/Median PS Value is ranked higher than
54% of the 752 Companies
in the Global Asset Management industry.

( Industry Median: 1.00 vs. ARCC: 0.98 )
Ranked among companies with meaningful Price/Median PS Value only.
ARCC' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.36  Med: 1 Max: 2.3
Current: 0.98
0.36
2.3
Price/Graham Number 0.73
ARCC's Price/Graham Number is ranked higher than
61% of the 897 Companies
in the Global Asset Management industry.

( Industry Median: 0.90 vs. ARCC: 0.73 )
Ranked among companies with meaningful Price/Graham Number only.
ARCC' s Price/Graham Number Range Over the Past 10 Years
Min: 0.37  Med: 0.66 Max: 2.1
Current: 0.73
0.37
2.1
Earnings Yield (Greenblatt) (%) 7.28
ARCC's Earnings Yield (Greenblatt) (%) is ranked higher than
67% of the 1491 Companies
in the Global Asset Management industry.

( Industry Median: 4.00 vs. ARCC: 7.28 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
ARCC' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 1.4  Med: 9 Max: 18.8
Current: 7.28
1.4
18.8
Forward Rate of Return (Yacktman) (%) -2.86
ARCC's Forward Rate of Return (Yacktman) (%) is ranked lower than
64% of the 432 Companies
in the Global Asset Management industry.

( Industry Median: 5.67 vs. ARCC: -2.86 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
ARCC' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -6.8  Med: -4.4 Max: 7.2
Current: -2.86
-6.8
7.2

More Statistics

Revenue (TTM) (Mil) $1,014
EPS (TTM) $ 1.31
Beta0.72
Short Percentage of Float10.63%
52-Week Range $12.31 - 16.43
Shares Outstanding (Mil)313.95

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 906 1,208 1,275
EPS ($) 1.54 1.69 1.75
EPS w/o NRI ($) 1.54 1.69 1.75
EPS Growth Rate
(3Y to 5Y Estimate)
3.00%
Dividends Per Share ($) 1.52 1.54 1.58
» More Articles for ARCC

Headlines

Articles On GuruFocus.com
Insider Buys at Ares Capital Corporation Aug 26 2015 
Prospect Capital Looking – Solid Into Earnings Release Sep 10 2014 
Prospect Capital Continues To Build On Its Strengths Sep 10 2014 
Prospect Capital - Looking Solid Into Earnings Release Jul 22 2014 
Sector Watch: US Asset Management Stocks, High-Yield ARCC and BKCC Oct 28 2013 
4 Biggest High-Yield Shares Close to Heaven - Breaking 52-Week Highs and 11 Additional to Observe Sep 18 2013 
My 3 Favorites from the 20 Most Recommended Financial Dividend Shares Jan 15 2013 
The Best Stocks With Dividend Growth From Last Week (August 06 – August 12, 2012) Aug 12 2012 
The Best Dividends on June 13, 2012 Jun 12 2012 
Ares Capital Corp. Reports Operating Results (10-K) Mar 01 2011 

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