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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 : 6/10

vs
industry
vs
history
Cash to Debt 1.53
CG's Cash to Debt is ranked lower than
77% of the 1296 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. CG: 1.53 )
Ranked among companies with meaningful Cash to Debt only.
CG' s Cash to Debt Range Over the Past 10 Years
Min: 0.07  Med: 1.83 Max: N/A
Current: 1.53
Equity to Asset 0.01
CG's Equity to Asset is ranked lower than
99% of the 1363 Companies
in the Global Asset Management industry.

( Industry Median: 0.86 vs. CG: 0.01 )
Ranked among companies with meaningful Equity to Asset only.
CG' s Equity to Asset Range Over the Past 10 Years
Min: 0.01  Med: 0.02 Max: 0.08
Current: 0.01
0.01
0.08
F-Score: 3
Z-Score: 0.80
M-Score: -2.25
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 : 6/10

vs
industry
vs
history
Operating margin (%) -15.89
CG's Operating margin (%) is ranked lower than
83% of the 1392 Companies
in the Global Asset Management industry.

( Industry Median: 48.67 vs. CG: -15.89 )
Ranked among companies with meaningful Operating margin (%) only.
CG' s Operating margin (%) Range Over the Past 10 Years
Min: 1.92  Med: 38.48 Max: 69.37
Current: -15.89
1.92
69.37
Net-margin (%) 0.08
CG's Net-margin (%) is ranked lower than
77% of the 1397 Companies
in the Global Asset Management industry.

( Industry Median: 39.93 vs. CG: 0.08 )
Ranked among companies with meaningful Net-margin (%) only.
CG' s Net-margin (%) Range Over the Past 10 Years
Min: 1.37  Med: 2.28 Max: 103.03
Current: 0.08
1.37
103.03
ROE (%) 0.87
CG's ROE (%) is ranked lower than
64% of the 1444 Companies
in the Global Asset Management industry.

( Industry Median: 4.12 vs. CG: 0.87 )
Ranked among companies with meaningful ROE (%) only.
CG' s ROE (%) Range Over the Past 10 Years
Min: 4.18  Med: 14.72 Max: 19.66
Current: 0.87
4.18
19.66
ROA (%) 0.01
CG's ROA (%) is ranked lower than
67% of the 1465 Companies
in the Global Asset Management industry.

( Industry Median: 2.46 vs. CG: 0.01 )
Ranked among companies with meaningful ROA (%) only.
CG' s ROA (%) Range Over the Past 10 Years
Min: 0.14  Med: 0.24 Max: 0.31
Current: 0.01
0.14
0.31
ROC (Joel Greenblatt) (%) 81.54
CG's ROC (Joel Greenblatt) (%) is ranked higher than
59% of the 836 Companies
in the Global Asset Management industry.

( Industry Median: 29.58 vs. CG: 81.54 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CG' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 99.17  Med: 289.36 Max: 8741.41
Current: 81.54
99.17
8741.41
» CG's 10-Y Financials

Financials


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

» Details

Guru Trades

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
Q2 2015

CG Guru Trades in Q2 2015

Tom Gayner 375,000 sh (+6.84%)
Ron Baron 6,899,094 sh (+0.24%)
Jim Simons 223,208 sh (-17.57%)
» More
Q3 2015

CG Guru Trades in Q3 2015

Chuck Royce 21,200 sh (New)
Jim Simons 874,294 sh (+291.69%)
Tom Gayner 399,000 sh (+6.40%)
Ron Baron 6,860,151 sh (-0.56%)
» 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 - Nov 04, 2015

Shares of The Carlyle Group (NASDAQ:CG), an alternative asset manager, declined in the period. The company continues to perform well in its corporate private equity division. However, its newer divisions in Real Assets, Investment Solutions and Global Market Strategies have faced issues. While poor performance in these areas will likely result in lower near-term distributions, we think Carlyle still holds long-term promise as it launches new products and performance of existing funds may improve. (Michael Baron)



From Baron Funds' Baron Partners Fund shareholder letter for Q3 2015.



Check out Ron Baron latest stock trades

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 Guru stock highlight
Shares of The Carlyle Group (NASDAQ:CG), an alternative asset manager, declined in the period. The company continues to perform well in its corporate private equity division. However, its newer divisions in Real Assets, Investment Solutions and Global Market Strategies have faced issues. While poor performance in these areas will likely result in lower near-term distributions, we think Carlyle still holds long-term promise as it launches new products and performance of existing funds may improve. (Michael Baron) Read more...
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...

Ratios

vs
industry
vs
history
P/E(ttm) 1003.85
CG's P/E(ttm) is ranked lower than
99% of the 1344 Companies
in the Global Asset Management industry.

( Industry Median: 13.21 vs. CG: 1003.85 )
Ranked among companies with meaningful P/E(ttm) only.
CG' s P/E(ttm) Range Over the Past 10 Years
Min: 14.37  Med: 40.73 Max: 1583.85
Current: 1003.85
14.37
1583.85
Forward P/E 4.93
CG's Forward P/E is ranked higher than
95% of the 370 Companies
in the Global Asset Management industry.

( Industry Median: 11.40 vs. CG: 4.93 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 9.66
CG's P/B is ranked lower than
97% of the 1795 Companies
in the Global Asset Management industry.

( Industry Median: 0.92 vs. CG: 9.66 )
Ranked among companies with meaningful P/B only.
CG' s P/B Range Over the Past 10 Years
Min: 4.87  Med: 12.97 Max: 33.33
Current: 9.66
4.87
33.33
P/S 1.00
CG's P/S is ranked higher than
89% of the 1800 Companies
in the Global Asset Management industry.

( Industry Median: 5.88 vs. CG: 1.00 )
Ranked among companies with meaningful P/S only.
CG' s P/S Range Over the Past 10 Years
Min: 0.41  Med: 0.61 Max: 4.24
Current: 1
0.41
4.24
PFCF 0.44
CG's PFCF is ranked higher than
100% of the 425 Companies
in the Global Asset Management industry.

( Industry Median: 12.56 vs. CG: 0.44 )
Ranked among companies with meaningful PFCF only.
CG' s PFCF Range Over the Past 10 Years
Min: 0.42  Med: 0.69 Max: 2.53
Current: 0.44
0.42
2.53
POCF 0.43
CG's POCF is ranked higher than
99% of the 1003 Companies
in the Global Asset Management industry.

( Industry Median: 13.47 vs. CG: 0.43 )
Ranked among companies with meaningful POCF only.
CG' s POCF Range Over the Past 10 Years
Min: 0.41  Med: 0.68 Max: 2.46
Current: 0.43
0.41
2.46
EV-to-EBIT 0.57
CG's EV-to-EBIT is ranked higher than
98% of the 1321 Companies
in the Global Asset Management industry.

( Industry Median: 12.25 vs. CG: 0.57 )
Ranked among companies with meaningful EV-to-EBIT only.
CG' s EV-to-EBIT Range Over the Past 10 Years
Min: -1.7  Med: -0.80 Max: 13
Current: 0.57
-1.7
13
EV-to-EBITDA 0.50
CG's EV-to-EBITDA is ranked higher than
99% of the 1324 Companies
in the Global Asset Management industry.

( Industry Median: 10.98 vs. CG: 0.50 )
Ranked among companies with meaningful EV-to-EBITDA only.
CG' s EV-to-EBITDA Range Over the Past 10 Years
Min: -1.6  Med: -0.80 Max: 12.2
Current: 0.5
-1.6
12.2
Current Ratio 1.63
CG's Current Ratio is ranked lower than
70% of the 1009 Companies
in the Global Asset Management industry.

( Industry Median: 3.93 vs. CG: 1.63 )
Ranked among companies with meaningful Current Ratio only.
CG' s Current Ratio Range Over the Past 10 Years
Min: 0.35  Med: 1.87 Max: 1.95
Current: 1.63
0.35
1.95
Quick Ratio 1.63
CG's Quick Ratio is ranked lower than
68% of the 1009 Companies
in the Global Asset Management industry.

( Industry Median: 3.72 vs. CG: 1.63 )
Ranked among companies with meaningful Quick Ratio only.
CG' s Quick Ratio Range Over the Past 10 Years
Min: 0.35  Med: 1.87 Max: 1.95
Current: 1.63
0.35
1.95
Days Sales Outstanding 179.92
CG's Days Sales Outstanding is ranked lower than
86% of the 472 Companies
in the Global Asset Management industry.

( Industry Median: 41.87 vs. CG: 179.92 )
Ranked among companies with meaningful Days Sales Outstanding only.
CG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 64.15  Med: 73.73 Max: 148.29
Current: 179.92
64.15
148.29

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 25.98
CG's Dividend Yield is ranked higher than
96% of the 1559 Companies
in the Global Asset Management industry.

( Industry Median: 4.30 vs. CG: 25.98 )
Ranked among companies with meaningful Dividend Yield only.
CG' s Dividend Yield Range Over the Past 10 Years
Min: 0.41  Med: 5.64 Max: 27.04
Current: 25.98
0.41
27.04
Dividend Payout 193.63
CG's Dividend Payout is ranked lower than
99% of the 941 Companies
in the Global Asset Management industry.

( Industry Median: 0.62 vs. CG: 193.63 )
Ranked among companies with meaningful Dividend Payout only.
CG' s Dividend Payout Range Over the Past 10 Years
Min: 0.28  Med: 1.29 Max: 4
Current: 193.63
0.28
4
Forward Dividend Yield 17.53
CG's Forward Dividend Yield is ranked higher than
94% of the 1328 Companies
in the Global Asset Management industry.

( Industry Median: 5.06 vs. CG: 17.53 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 26.55
CG's Yield on cost (5-Year) is ranked higher than
93% of the 1569 Companies
in the Global Asset Management industry.

( Industry Median: 5.01 vs. CG: 26.55 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
CG' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.41  Med: 5.64 Max: 27.04
Current: 26.55
0.41
27.04

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 15.59
CG's Price/Tangible Book is ranked lower than
98% of the 1675 Companies
in the Global Asset Management industry.

( Industry Median: 0.93 vs. CG: 15.59 )
Ranked among companies with meaningful Price/Tangible Book only.
CG' s Price/Tangible Book Range Over the Past 10 Years
Min: 9.46  Med: 50.27 Max: 507.67
Current: 15.59
9.46
507.67
Price/Median PS Value 0.67
CG's Price/Median PS Value is ranked higher than
77% of the 1446 Companies
in the Global Asset Management industry.

( Industry Median: 0.97 vs. CG: 0.67 )
Ranked among companies with meaningful Price/Median PS Value only.
CG' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.69  Med: 1.01 Max: 5.93
Current: 0.67
0.69
5.93
Price/Graham Number 1.69
CG's Price/Graham Number is ranked lower than
82% of the 1339 Companies
in the Global Asset Management industry.

( Industry Median: 0.83 vs. CG: 1.69 )
Ranked among companies with meaningful Price/Graham Number only.
CG' s Price/Graham Number Range Over the Past 10 Years
Min: 1.19  Med: 3.99 Max: 11.32
Current: 1.69
1.19
11.32
Earnings Yield (Greenblatt) (%) 179.65
CG's Earnings Yield (Greenblatt) (%) is ranked higher than
98% of the 1393 Companies
in the Global Asset Management industry.

( Industry Median: 4.30 vs. CG: 179.65 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CG' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 7.7  Med: 43.80 Max: 237.8
Current: 179.65
7.7
237.8

More Statistics

Revenue(Mil) $3130
EPS $ 0.01
Beta2.09
Short Percentage of Float2.20%
52-Week Range $11.55 - 31.88
Shares Outstanding(Mil)323.86

Analyst Estimate

Dec15 Dec16 Dec17 Dec18
Revenue(Mil) 2,557 3,017 3,240 3,037
EPS($) 2.21 2.53 2.59 2.03
EPS without NRI($) 2.21 2.53 2.59 2.03

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.
» More Articles for CG

Headlines

Articles On GuruFocus.com
Baron Funds Comments on The Carlyle Group Nov 04 2015 
Ducommun and Deckers Hit New Lows, Look Appealing Oct 02 2015 
Meritage Group LP Buys Fifth Street Asset Management Jul 09 2015 
Blackstone Stocks – A Strong Buy May 07 2015 
Baron Funds Comments on The Carlyle Group Mar 23 2015 
A Publicly Traded Unicorn Maker: Spectral Capital Corp (OTCMKTS:FCCN) Feb 13 2015 
Ron Baron Increases Position in The Carlyle Group Feb 11 2015 
Ron Baron's Third Quarter Shareholder Letter Oct 28 2014 
Ron Baron’s Baron Focused Growth Fund Q3 2014 Report Oct 24 2014 
Baron Funds Comments on Carlyle Group Oct 24 2014 

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