Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ares Management's Enterprise Value is $41,957 Mil.
Ares Management's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $2,248 Mil. Therefore, Ares Management's EV-to-EBIT ratio for today is 18.67.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Ares Management's Enterprise Value is $41,957 Mil.
Ares Management's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $2,248 Mil. Therefore, Ares Management's EV-to-EBITDA ratio for today is 18.67.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Ares Management's Enterprise Value is $41,957 Mil.
Ares Management's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $4,950 Mil. Therefore, Ares Management's EV-to-Revenue ratio for today is 8.48.
Ares Management Enterprise Value Historical Data
The historical data trend for Ares Management's Enterprise Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Ares Management's Enterprise Value
For the Asset Management subindustry, Ares Management's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ares Management's Enterprise Value Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Ares Management's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Ares Management's Enterprise Value falls into.
Ares Management Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Ares Management's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ares Management (NYSE:ARES) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Ares Management's current Enterprise Value is $41,957 Mil.
Ares Management's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,248 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Ares Management's current Enterprise Value is $41,957 Mil.
Ares Management's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,248 Mil.
Ares Management's current Enterprise Value is $41,957 Mil.
Ares Management's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,950 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ares Management Enterprise Value Related Terms
Thank you for viewing the detailed overview of Ares Management's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Ares Management (Ares Management) Business Description
Ares Management Corp is an asset management company based in the United States. It offers investors investment-related advice and strategies for capital growth. The company's operating segments include Credit Group, Private Equity Group, Real Estate Group, Secondaries Group, and Strategic Initiatives. Its Credit Group generates maximum revenue, and manages credit strategies across the liquid and illiquid spectrum. Private Equity Group manages investment strategies categorized as corporate private equity, infrastructure and power, and special opportunities, Real Estate Group is engaged in managing real estate equity and debt strategies. The Secondary Solutions Group invests in secondary markets across a range of asset class including private equity, real estate, and infrastructure.
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