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53.5 (1y: +34%)
Market Cap 8.26 B P/E(ttm) 11.00
Enterprise Value P/B 26.40
OAK- NYSE (USA)
Oaktree Capital Group LLC
Not Rated
Top Ranked Predictable Companies
$53.50
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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

vs
industry		 vs
history
Cash to Debt 37.651
OAK's Cash to Debt is ranked higher than
51% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 10000.00 vs. OAK: 37.651 )
OAK' s 10-Year Cash to Debt Range
Min: 37.65   Max: 93.05
Current: 37.65
37.65
93.05
Equity to Asset 0.007
OAK's Equity to Asset is ranked lower than
90% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 0.56 vs. OAK: 0.007 )
OAK' s 10-Year Equity to Asset Range
Min: 0   Max: 0.01
Current: 0.01
0
0.01
Interest Coverage No Debt
OAK's Interest Coverage is ranked higher than
65% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 10000.00 vs. OAK: No Debt )
OAK' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
Z-Score: 1.8
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

vs
industry		 vs
history
Operating margin (%) -445.30
OAK's Operating margin (%) is ranked lower than
91% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 21.30 vs. OAK: -445.30 )
OAK' s 10-Year Operating margin (%) Range
Min: -956   Max: -445.3
Current: -445.3
-956
-445.3
Net-margin (%) 74.4
OAK's Net-margin (%) is ranked higher than
86% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 14.05 vs. OAK: 74.4 )
OAK' s 10-Year Net-margin (%) Range
Min: -61.6   Max: 74.4
Current: 74.4
-61.6
74.4
ROE (%) 35.2
OAK's ROE (%) is ranked higher than
95% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 6.80 vs. OAK: 35.2 )
OAK' s 10-Year ROE (%) Range
Min: -51   Max: 35.2
Current: 35.2
-51
35.2
ROA (%) 0.2
OAK's ROA (%) is ranked lower than
64% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 2.80 vs. OAK: 0.2 )
OAK' s 10-Year ROA (%) Range
Min: -0.2   Max: 0.2
Current: 0.2
-0.2
0.2
» OAK's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

OAK Guru Trades in Q2 2012

David Einhorn 1,851,812 sh (New)
Lee Ainslie 1,110,000 sh (New)
Ron Baron 1,337,752 sh (New)
Chris Davis 3,816,086 sh (New)
Chuck Royce 171,400 sh (New)
Lou Simpson 16,000 sh (unchged)
» More
Q3 2012

OAK Guru Trades in Q3 2012

Murray Stahl 24,460 sh (New)
Chuck Royce 211,700 sh (+23.51%)
Ron Baron 1,546,131 sh (+15.58%)
David Einhorn 1,851,812 sh (unchged)
Lou Simpson Sold Out
Lee Ainslie Sold Out
Chris Davis 3,159,786 sh (-17.2%)
» More
Q4 2012

OAK Guru Trades in Q4 2012

John Keeley 86,820 sh (New)
Murray Stahl 242,898 sh (+893.04%)
Ron Baron 1,658,467 sh (+7.27%)
David Einhorn 1,851,812 sh (unchged)
Chuck Royce 211,700 sh (unchged)
Chris Davis 2,161,236 sh (-31.6%)
» More
Q1 2013

OAK Guru Trades in Q1 2013

Jim Simons 82,168 sh (New)
Murray Stahl 433,490 sh (+78.47%)
John Keeley 105,554 sh (+21.58%)
Ron Baron 1,674,467 sh (+0.96%)
David Einhorn 1,851,812 sh (unchged)
Chuck Royce 211,200 sh (-0.24%)
Chris Davis 1,994,549 sh (-7.71%)
» More
» Details

Insider Trades

Latest Guru Trades with OAK

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2013-03-31 Add 21.58%0.02%$45.49 - $53 $ 54.4111%105554
John Keeley 2012-12-31 New Buy0.09%$39.63 - $46.15 $ 54.4129%86820
Lee Ainslie 2012-09-30 Sold Out 0.54%$35.36 - $41 $ 54.4145%0
Lou Simpson 2012-09-30 Sold Out 0.06%$35.36 - $41 $ 54.4145%0
Lee Ainslie 2012-06-30 New Buy0.54%$34.94 - $41.88 $ 54.4143%1110000
Ron Baron 2012-06-30 New Buy0.3%$34.94 - $41.88 $ 54.4143%1337752
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Oaktree Capital Group LLC

Baron Funds Comments on Oaktree Capital Group - Aug 23, 2012

From Baron Funds' second quarter commentary:

Oaktree Capital Group, LLC (OAK), a credit focused alternative asset manager with $78 billion in assets under management, has had stellar investment performance since its formation in 1986. The company's bedrock principle of putting its clients' interests ahead of its own has yielded a loyal customer base that eases the company's ability to raise funds when opportunities arise.These relationships with clients have contributed to over $9.5 billion in contributions each year since 2007. The asset management industry has seen a shift away from traditional active management towards alternative managers, yet the segment only comprises 10% of the $87 trillion global industry. But, unlike most other high profile alternative asset managers, Oaktree has specialized in debt investments, a segment of investing that is gaining increased attention given volatile equity markets. Investors are increasingly attracted to the downside protection offered by these instruments. Oaktree has growng its distribution into international markets with these clients now comprising over 30% of assets under management.Additionally, the company is expanding its product capabilities into real estate, foreign securities and investments in unique traditional asset managers.We believe these areas should be fruitful ventures. Finally, in a similar vein to Oaktree's funds that seek investments with downside protection, we believe the strong balance sheet, accrued net incentive income and a consistent management fee at Oaktree Capital provide sufficient protection in what has historically been a volatile investment category. (Michael Baron)
Check out Ron Baron latest stock trades

Top Ranked Articles about Oaktree Capital Group LLC

Howard Marks Adds to Portfolio TMS International Corp.
October 29, 2012
Howard Marks - Howard Marks Adds To Portfolio TMS International Corp.
With a transaction total of more than $10 million, Oaktree Capital (OAK)’s Howard Marks acquires 1,068,288 shares of industrial steel mill services provider TMS International Corp. (TMS), documented in Marks’ latest 13G SEC filing, reported on GuruFocus Real Time Picks. Read more...
Baron Funds Comments on Oaktree Capital Group
August 23, 2012
From Baron Funds' second quarter commentary: Read more...
12 Takeaways from Howard Marks’ Recent Memo: It’s All a Big Mistake
June 21, 2012
Howard Marks - 12 Takeaways From Howard Marks’ Recent Memo: It’s All A Big Mistake
Oaktree Capital’s Howard Marks is one of the clearest thinkers on Wall Street. He has excoriated the Efficient market Theory in his regular memos, and has stressed the importance of second level thinking in his memos and book, “The Most Important Thing.” Marks typically releases about a half dozen missives per year, in addition to the firm’s investor letters. On June 20, his most recent memo came out, entitled “It’s All a Big Mistake.” You can get Marks’ memos going back to 1991 on Oaktree’s website. I encourage you to do so. They will make you a better investor. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 10.90
OAK's P/E(ttm) is ranked lower than
69% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 15.40 vs. OAK: 10.90 )
OAK' s 10-Year P/E(ttm) Range
Min: 10.25   Max: 23.92
Current: 10.9
10.25
23.92
P/B 26.10
OAK's P/B is ranked lower than
82% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 1.10 vs. OAK: 26.10 )
OAK' s 10-Year P/B Range
Min: 3.7   Max: 5.13
Current: 26.1
3.7
5.13
P/S 10.60
OAK's P/S is ranked lower than
81% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 3.40 vs. OAK: 10.60 )
OAK' s 10-Year P/S Range
Min: 8.28   Max: 15.15
Current: 10.6
8.28
15.15
PFCF 0.20
OAK's PFCF is ranked higher than
99% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 13.42 vs. OAK: 0.20 )
OAK' s 10-Year PFCF Range
Min: 0.17   Max: 0.36
Current: 0.2
0.17
0.36
EV-to-EBIT 41.7
OAK's EV-to-EBIT is ranked higher than
53% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 15.39 vs. OAK: 41.7 )
OAK' s 10-Year EV-to-EBIT Range
Min: 7   Max: 7.1
Current: 41.7
7
7.1

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 7.20
OAK's Dividend Yield is ranked higher than
74% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 3.50 vs. OAK: 7.20 )
OAK' s 10-Year Dividend Yield Range
Min: 1.39   Max: 5.86
Current: 7.2
1.39
5.86
Dividend Payout 3.2
OAK's Dividend Payout is ranked higher than
74% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 0.74 vs. OAK: 3.2 )
OAK' s 10-Year Dividend Payout Range
Min: 0.49   Max: 0.49
Current: 3.2
Yield on cost (5-Year) 7.00
OAK's Yield on cost (5-Year) is ranked higher than
76% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 3.31 vs. OAK: 7.00 )
OAK' s 10-Year Yield on cost (5-Year) Range
Min: 1.39   Max: 5.86
Current: 7
1.39
5.86

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 82.7
OAK's Price/Net Current Asset Value is ranked lower than
58% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 23.30 vs. OAK: 82.7 )
OAK' s 10-Year Price/Net Current Asset Value Range
Min: 12.9   Max: 12.9
Current: 82.7
Price/Tangible Book 26.9
OAK's Price/Tangible Book is ranked lower than
65% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 1.25 vs. OAK: 26.9 )
OAK' s 10-Year Price/Tangible Book Range
Min: 4.2   Max: 4.2
Current: 26.9
Price/Median PS Value 5.1
OAK's Price/Median PS Value is ranked lower than
57% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 0.90 vs. OAK: 5.1 )
OAK' s 10-Year Price/Median PS Value Range
Min: 0.8   Max: 0.8
Current: 5.1
Price/Graham Number 1.3
OAK's Price/Graham Number is ranked lower than
58% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 0.90 vs. OAK: 1.3 )
OAK' s 10-Year Price/Graham Number Range
Min: 0.2   Max: 0.2
Current: 1.3
Earnings Yield (Greenblatt) 2.40
OAK's Earnings Yield (Greenblatt) is ranked lower than
62% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 6.90 vs. OAK: 2.40 )
OAK' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0   Max: 14.3
Current: 2.4
0
14.3

Business Description

Oaktree Capital Group LLC is incorporated in the state of Delaware. Oaktree Capital Group is a financial services company valued for its state-of-the-art investment management and its contributions to the life fulfillment of its clients, staff, suppliers and shareholders, an asset in the communities in which it serves and operates. Since it's founding in 1995, its AUM has grown significantly although it has limited its AUM when appropriate to generate superior risk-adjusted returns, it has a long-term record of organically growing its investment strategies, increasing AUM and expanding client base. The Company manages assets on behalf of many of the most significant institutional investors in the world, including 69 of the 100 largest U.S. pension plans, 36 states in the United States, approximately 350 corporations, approximately 300 university and charitable endowments and foundations, and over 150 non-U.S. institutional investors, including six of the top 10 sovereign wealth funds. In its investing activities, it adheres to the following fundamental tenets: Focus on Risk-Adjusted Returns: Its primary goal is not simply to achieve superior investment performance, but to do so with less-than-commensurate risk. The Company believes that the long-term records are built more through the avoidance of losses in bad times than the achievement of superior relative returns in good times; Focus on Fundamental Analysis: It employ a bottom-up approach to investing, based on proprietary, company-specific research. It seeks to generate outperformance from in-depth knowledge of companies and their securities, not from macro-forecasting; Specialization: It offers a broad array of specialized investment strategies. The Company believes this offers the surest path to the results and clients seek. Its strategy for the future is unchanged from its inception: Investment Excellence: It seeks to generate superior investment performance through fundamental analysis in alternative investment specialties where it believes expertise can create a competitive advantage; Recognition of Cycles: the company believes that successful investing requires recognition of market cycles. It adjusts fundraising in response to the investment environment, accepting more money when attractive opportunities are plentiful and less when they are not, even though this approach may reduce its AUM and profits in the short term; Expansion of Offerings: It expect to continue to expand the number of its strategies and to develop new distribution channels; Extension of Global Presence: Its global stature and reputation enhance ability to source investment opportunities, recruit talented individuals and develop client relationships worldwide.
Company Website
SEC Reports
Industry: Asset Management
Compare:
Traded in other countries:O3T.Germany
» More Articles for OAK

Headlines

Articles On GuruFocus.com
My 4 Favorites from the Highest Growing Dividend Stocks in February 2013 Feb 28 2013 
20 of the Best Dividend-Paying Asset Management Stocks Feb 25 2013 
Meet Lou Simpson, Former Investment Star at Berkshire and New GuruFocus Guru Jan 03 2013 
Solid as an Oak - The Investment Case for Howard Marks' Oaktree (From Broyhill) Nov 28 2012 
Howard Marks of Oaktree Capital Management Interview Oct 30 2012 
Howard Marks Adds to Portfolio TMS International Corp. Oct 29 2012 
Latest Memo from Howard Marks – On Uncertain Ground Sep 12 2012 
Baron Funds Comments on Oaktree Capital Group Aug 23 2012 
12 Takeaways from Howard Marks’ Recent Memo: It’s All a Big Mistake Jun 21 2012 
JAKK Tender Offer Gives Small Investors a Chance to Make $200 May 29 2012 

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