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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 : 7/10

vs
industry
vs
history
Cash to Debt 1.65
CG's Cash to Debt is ranked lower than
77% of the 1195 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. CG: 1.65 )
Ranked among companies with meaningful Cash to Debt only.
CG' s 10-Year Cash to Debt Range
Min: 0.07  Med: 1.84 Max: N/A
Current: 1.65
Equity to Asset 0.23
CG's Equity to Asset is ranked lower than
91% of the 1248 Companies
in the Global Asset Management industry.

( Industry Median: 0.86 vs. CG: 0.23 )
Ranked among companies with meaningful Equity to Asset only.
CG' s 10-Year Equity to Asset Range
Min: 0.03  Med: 0.23 Max: 0.34
Current: 0.23
0.03
0.34
Interest Coverage 0.06
CG's Interest Coverage is ranked lower than
100% of the 1119 Companies
in the Global Asset Management industry.

( Industry Median: 10000.00 vs. CG: 0.06 )
Ranked among companies with meaningful Interest Coverage only.
CG' s 10-Year Interest Coverage Range
Min: 0.06  Med: 1.93 Max: 22.75
Current: 0.06
0.06
22.75
F-Score: 5
Z-Score: 0.99
M-Score: -2.33
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 (%) 2.76
CG's Operating margin (%) is ranked lower than
77% of the 1346 Companies
in the Global Asset Management industry.

( Industry Median: 49.92 vs. CG: 2.76 )
Ranked among companies with meaningful Operating margin (%) only.
CG' s 10-Year Operating margin (%) Range
Min: 1.92  Med: 38.48 Max: 69.37
Current: 2.76
1.92
69.37
Net-margin (%) 2.60
CG's Net-margin (%) is ranked lower than
77% of the 1354 Companies
in the Global Asset Management industry.

( Industry Median: 46.05 vs. CG: 2.60 )
Ranked among companies with meaningful Net-margin (%) only.
CG' s 10-Year Net-margin (%) Range
Min: 1.37  Med: 3.45 Max: 103.03
Current: 2.6
1.37
103.03
ROE (%) 1.07
CG's ROE (%) is ranked lower than
69% of the 1395 Companies
in the Global Asset Management industry.

( Industry Median: 5.99 vs. CG: 1.07 )
Ranked among companies with meaningful ROE (%) only.
CG' s 10-Year ROE (%) Range
Min: 0.7  Med: 0.88 Max: 1.98
Current: 1.07
0.7
1.98
ROA (%) 0.28
CG's ROA (%) is ranked lower than
71% of the 1414 Companies
in the Global Asset Management industry.

( Industry Median: 3.70 vs. CG: 0.28 )
Ranked among companies with meaningful ROA (%) only.
CG' s 10-Year ROA (%) Range
Min: 0.14  Med: 0.24 Max: 0.62
Current: 0.28
0.14
0.62
ROC (Joel Greenblatt) (%) 117.14
CG's ROC (Joel Greenblatt) (%) is ranked higher than
60% of the 900 Companies
in the Global Asset Management industry.

( Industry Median: 42.33 vs. CG: 117.14 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CG' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 99.17  Med: 289.36 Max: 8741.41
Current: 117.14
99.17
8741.41
» CG's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2014

CG Guru Trades in Q2 2014

John Keeley 7,500 sh (New)
Jim Simons 455,700 sh (+61.22%)
Tom Gayner 257,000 sh (+15.25%)
Ron Baron 5,356,634 sh (+10.98%)
Pioneer Investments 860,178 sh (-5.45%)
» More
Q3 2014

CG Guru Trades in Q3 2014

Ron Baron 6,492,163 sh (+21.20%)
Tom Gayner 290,000 sh (+12.84%)
Pioneer Investments 768,402 sh (unchged)
John Keeley 7,500 sh (unchged)
Jim Simons 208,300 sh (-54.29%)
» More
Q4 2014

CG Guru Trades in Q4 2014

Tom Gayner 322,000 sh (+11.03%)
Ron Baron 6,667,654 sh (+2.70%)
John Keeley Sold Out
Pioneer Investments 736,401 sh (-4.16%)
Jim Simons 136,200 sh (-34.61%)
» More
Q1 2015

CG Guru Trades in Q1 2015

Jim Simons 270,800 sh (+98.83%)
Tom Gayner 351,000 sh (+9.01%)
Ron Baron 6,882,817 sh (+3.23%)
Ron Baron 6,777,716 sh (unchged)
Pioneer Investments Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with CG

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Guru Investment Theses on The Carlyle Group L P

Baron Funds Comments on The Carlyle Group - Mar 23, 2015

Shares of alternative asset manager The Carlyle Group (CG) fell in the fourth quarter. The company continues to perform in accordance with our investment thesis, and assets under management remained largely flat in a challenging year. However, lower investment realizations resulted in a lower dividend payout, and lower performance fees resulted in a sharp drop in distributable earnings. Its hedge fund business also performed poorly. On a positive note, Carlyle has increased its diversification and is in an improved position to stabilize distributable earnings. (Michael Baron)

From Ron Baron (Trades, Portfolio)'s Baron Partners Fund Fourth Quarter 2014 Commentary.

Check out Ron Baron latest stock trades

Baron Funds Comments on Carlyle Group - Oct 24, 2014

The Carlyle Group (CG), a leading alternative asset management firm, has been under pressure in the most recent quarter with the stock declining approximately 10%. We took advantage of the weak share price to add to our position. Carlyle manages approximately $200 billion for its clients in diverse strategies and numerous products. Its history of providing solid risk adjusted returns to its clients has enabled it to build sticky relationships with clients who invest in multiple funds. The current decline in its share price is the result of concerns regarding increased regulation and higher rates impacting fund performance. While these factors may affect the company in the near term, they do not alter the long term thesis that we believe Carlyle Group can continue to broaden its product offering and manage considerably more assets. Carlyle Group is a dominant firm in the alternative space, which is growing at twice the rate of traditional managers. Additionally, we feel that Carlyle could grow faster than the industry as limited partners (clients) consolidate their manager selection. While Carlyle’s earnings are more volatile than the earnings of traditional asset management firms, the company’s diverse product lineup should bring some stability to its high margin profits. We believe Carlyle will continue to broaden its product offerings and expand its distribution channels and can significantly increase its assets under management and earnings power over the next few years. (Michael Baron)

From Ron Baron (Trades, Portfolio)’s Baron Partners Fund Q3 2014 Report.

Check out Ron Baron latest stock trades

Top Ranked Articles about The Carlyle Group L P

Baron Funds Comments on The Carlyle Group
Shares of alternative asset manager The Carlyle Group (CG) fell in the fourth quarter. The company continues to perform in accordance with our investment thesis, and assets under management remained largely flat in a challenging year. However, lower investment realizations resulted in a lower dividend payout, and lower performance fees resulted in a sharp drop in distributable earnings. Its hedge fund business also performed poorly. On a positive note, Carlyle has increased its diversification and is in an improved position to stabilize distributable earnings. (Michael Baron) Read more...
Ron Baron Increases Position in The Carlyle Group
Ron Baron (Trades, Portfolio), founder of Baron Capital, increased stakes in one position of his portfolio, which consists of 357 stocks valued at $24.14 billion and a quarter-over-quarter turnover rate of 4%. Read more...
Baron Funds Comments on Carlyle Group
The Carlyle Group (CG), a leading alternative asset management firm, has been under pressure in the most recent quarter with the stock declining approximately 10%. We took advantage of the weak share price to add to our position. Carlyle manages approximately $200 billion for its clients in diverse strategies and numerous products. Its history of providing solid risk adjusted returns to its clients has enabled it to build sticky relationships with clients who invest in multiple funds. The current decline in its share price is the result of concerns regarding increased regulation and higher rates impacting fund performance. While these factors may affect the company in the near term, they do not alter the long term thesis that we believe Carlyle Group can continue to broaden its product offering and manage considerably more assets. Carlyle Group is a dominant firm in the alternative space, which is growing at twice the rate of traditional managers. Additionally, we feel that Carlyle could grow faster than the industry as limited partners (clients) consolidate their manager selection. While Carlyle’s earnings are more volatile Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 19.20
CG's P/E(ttm) is ranked lower than
67% of the 1006 Companies
in the Global Asset Management industry.

( Industry Median: 12.90 vs. CG: 19.20 )
Ranked among companies with meaningful P/E(ttm) only.
CG' s 10-Year P/E(ttm) Range
Min: 18.84  Med: 35.33 Max: 193
Current: 19.2
18.84
193
Forward P/E 10.19
CG's Forward P/E is ranked higher than
76% of the 207 Companies
in the Global Asset Management industry.

( Industry Median: 12.71 vs. CG: 10.19 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 18.90
CG's PE(NRI) is ranked lower than
66% of the 1001 Companies
in the Global Asset Management industry.

( Industry Median: 13.10 vs. CG: 18.90 )
Ranked among companies with meaningful PE(NRI) only.
CG' s 10-Year PE(NRI) Range
Min: 18.55  Med: 35.13 Max: 193
Current: 18.9
18.55
193
P/B 0.22
CG's P/B is ranked higher than
98% of the 1351 Companies
in the Global Asset Management industry.

( Industry Median: 0.95 vs. CG: 0.22 )
Ranked among companies with meaningful P/B only.
CG' s 10-Year P/B Range
Min: 0.22  Med: 1.00 Max: 12.82
Current: 0.22
0.22
12.82
P/S 0.49
CG's P/S is ranked higher than
95% of the 1225 Companies
in the Global Asset Management industry.

( Industry Median: 7.38 vs. CG: 0.49 )
Ranked among companies with meaningful P/S only.
CG' s 10-Year P/S Range
Min: 0.41  Med: 0.60 Max: 4.24
Current: 0.49
0.41
4.24
PFCF 0.62
CG's PFCF is ranked higher than
98% of the 239 Companies
in the Global Asset Management industry.

( Industry Median: 14.13 vs. CG: 0.62 )
Ranked among companies with meaningful PFCF only.
CG' s 10-Year PFCF Range
Min: 0.46  Med: 0.69 Max: 2.53
Current: 0.62
0.46
2.53
POCF 0.61
CG's POCF is ranked higher than
98% of the 705 Companies
in the Global Asset Management industry.

( Industry Median: 16.25 vs. CG: 0.61 )
Ranked among companies with meaningful POCF only.
CG' s 10-Year POCF Range
Min: 0.46  Med: 0.69 Max: 2.46
Current: 0.61
0.46
2.46
EV-to-EBIT 1.89
CG's EV-to-EBIT is ranked higher than
95% of the 967 Companies
in the Global Asset Management industry.

( Industry Median: 14.13 vs. CG: 1.89 )
Ranked among companies with meaningful EV-to-EBIT only.
CG' s 10-Year EV-to-EBIT Range
Min: -30.1  Med: -5.30 Max: 43.2
Current: 1.89
-30.1
43.2
Current Ratio 1.76
CG's Current Ratio is ranked lower than
69% of the 889 Companies
in the Global Asset Management industry.

( Industry Median: 3.93 vs. CG: 1.76 )
Ranked among companies with meaningful Current Ratio only.
CG' s 10-Year Current Ratio Range
Min: 0.35  Med: 1.87 Max: 1.95
Current: 1.76
0.35
1.95
Quick Ratio 1.75
CG's Quick Ratio is ranked lower than
67% of the 889 Companies
in the Global Asset Management industry.

( Industry Median: 3.91 vs. CG: 1.75 )
Ranked among companies with meaningful Quick Ratio only.
CG' s 10-Year Quick Ratio Range
Min: 0.35  Med: 1.87 Max: 1.95
Current: 1.75
0.35
1.95
Days Inventory 12.53
CG's Days Inventory is ranked higher than
76% of the 164 Companies
in the Global Asset Management industry.

( Industry Median: 49.93 vs. CG: 12.53 )
Ranked among companies with meaningful Days Inventory only.
CG' s 10-Year Days Inventory Range
Min: 4.89  Med: 9.11 Max: 13.33
Current: 12.53
4.89
13.33
Days Sales Outstanding 101.56
CG's Days Sales Outstanding is ranked lower than
76% of the 959 Companies
in the Global Asset Management industry.

( Industry Median: 36.44 vs. CG: 101.56 )
Ranked among companies with meaningful Days Sales Outstanding only.
CG' s 10-Year Days Sales Outstanding Range
Min: 64.15  Med: 73.73 Max: 148.29
Current: 101.56
64.15
148.29

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 8.49
CG's Dividend Yield is ranked higher than
86% of the 1471 Companies
in the Global Asset Management industry.

( Industry Median: 3.72 vs. CG: 8.49 )
Ranked among companies with meaningful Dividend Yield only.
CG' s 10-Year Dividend Yield Range
Min: 0.41  Med: 5.22 Max: 7.99
Current: 8.49
0.41
7.99
Dividend Payout 1.49
CG's Dividend Payout is ranked lower than
79% of the 882 Companies
in the Global Asset Management industry.

( Industry Median: 0.49 vs. CG: 1.49 )
Ranked among companies with meaningful Dividend Payout only.
CG' s 10-Year Dividend Payout Range
Min: 0.28  Med: 1.32 Max: 4
Current: 1.49
0.28
4
Yield on cost (5-Year) 8.49
CG's Yield on cost (5-Year) is ranked higher than
80% of the 1476 Companies
in the Global Asset Management industry.

( Industry Median: 4.40 vs. CG: 8.49 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
CG' s 10-Year Yield on cost (5-Year) Range
Min: 0.41  Med: 5.22 Max: 7.99
Current: 8.49
0.41
7.99

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.24
CG's Price/Tangible Book is ranked higher than
98% of the 1297 Companies
in the Global Asset Management industry.

( Industry Median: 0.96 vs. CG: 0.24 )
Ranked among companies with meaningful Price/Tangible Book only.
CG' s 10-Year Price/Tangible Book Range
Min: 0.24  Med: 1.08 Max: 61.73
Current: 0.24
0.24
61.73
Price/Median PS Value 0.82
CG's Price/Median PS Value is ranked higher than
75% of the 1086 Companies
in the Global Asset Management industry.

( Industry Median: 1.02 vs. CG: 0.82 )
Ranked among companies with meaningful Price/Median PS Value only.
CG' s 10-Year Price/Median PS Value Range
Min: 0.71  Med: 1.03 Max: 6.05
Current: 0.82
0.71
6.05
Price/Graham Number 0.12
CG's Price/Graham Number is ranked higher than
99% of the 866 Companies
in the Global Asset Management industry.

( Industry Median: 0.74 vs. CG: 0.12 )
Ranked among companies with meaningful Price/Graham Number only.
CG' s 10-Year Price/Graham Number Range
Min: 0.12  Med: 0.61 Max: 4.37
Current: 0.12
0.12
4.37
Earnings Yield (Greenblatt) (%) 52.90
CG's Earnings Yield (Greenblatt) (%) is ranked higher than
96% of the 1343 Companies
in the Global Asset Management industry.

( Industry Median: 4.70 vs. CG: 52.90 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CG' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 2.3  Med: 2.60 Max: 22.8
Current: 52.9
2.3
22.8

Business Description

Industry: Asset Management » Asset Management
Compare: » details
Traded in other countries:C6Y.Germany,
The Carlyle Group L P was founded and incorporated in Washington, D.C. in 1987. The Company is a diversified multi-product alternative asset management firm. The Company provides advice on investment funds and other investment vehicles that invest across a range of industries, geographies, asset classes and investment strategies and seek to deliver attractive returns for its fund investors. The Company operates its business across four segments; Corporate Private Equity; Global Market Strategies; Real Assets; and Solutions. The Corporate Private Equity segment established in 1990 with its U.S. buyout fund, advises buyout and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials. It focuses on Buyout Funds and Growth Capital funds. Its Global Market Strategies segment established in 1999 with its high yield fund; focuses and advises a group on Structured Credit Funds, Distressed and Corporate Opportunities, Middle Market Finance, Energy Mezzanine Opportunities, Long/Short Credit, Emerging Market Equity and Macroeconomic Strategies and Commodities. The Real Assets segment, established in 1997 with its U.S. real estate fund, advises & focuses on Real Estate, Energy and Natural Resources. The Company's Solutions segment operates through AlpInvest and its newly acquired businesses, Metropolitan and DGAM. The Solutions platform comprises three core businesses: AlpInvest invests through Private Equity Fund Investments, Private Equity Co-Investments and Private Equity Secondary Investments vehicles; Metropolitan fund of funds vehicles make investment commitments directly to real estate focused portfolio funds; and DGAM builds and actively manages hedge fund portfolios on behalf of its institutional clients. The Company faces competition from regional and organizations for both investors and investment opportunities; also competes with sponsors of public and private investment funds across all of its segments. Within its Corporate Private Equity segment, it competes with business development companies and operating companies acting as strategic acquirers. In its Market Strategies segment, it competes with private credit strategies, hedge funds, business development companies, distressed debt funds, mezzanine funds and other CLO issuers. In Real Assets segment, competes with real estate development companies. In Solutions segment, it competes with other fund of funds managers and/or with advisers that are turning their business models towards discretionary investment advisory services. The Company is subject to extensive regulation in the United States and elsewhere.
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