Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Ares Capital Corporation (ARCC)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$108.87 - $396.44$340.59
Multi-Stage$52.31 - $57.10$54.66
Blended Fair Value$197.63
Current Price$20.41
Upside868.28%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS10.42%9.40%1.671.511.331.010.991.010.960.940.700.71
YoY Growth--10.48%13.05%31.41%2.21%-2.16%5.79%2.18%34.59%-2.05%4.96%
Dividend Yield--7.52%7.40%7.30%4.84%5.31%9.42%5.48%5.92%4.01%4.80%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,363.00
(-) Cash Dividends Paid (M)1,248.00
(=) Cash Retained (M)115.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)272.60170.38102.23
Cash Retained (M)115.00115.00115.00
(-) Cash Required (M)-272.60-170.38-102.23
(=) Excess Retained (M)-157.60-55.3812.78
(/) Shares Outstanding (M)683.75683.75683.75
(=) Excess Retained per Share-0.23-0.080.02
LTM Dividend per Share1.831.831.83
(+) Excess Retained per Share-0.23-0.080.02
(=) Adjusted Dividend1.591.741.84
WACC / Discount Rate7.05%7.05%7.05%
Growth Rate5.50%6.50%7.50%
Fair Value$108.87$340.59$396.44
Upside / Downside433.40%1,568.76%1,842.39%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,363.001,451.601,545.951,646.441,753.451,867.431,923.45
Payout Ratio91.56%91.25%90.94%90.63%90.31%90.00%92.50%
Projected Dividends (M)1,248.001,324.581,405.851,492.081,583.591,680.691,779.19

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.05%7.05%7.05%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,225.781,237.401,249.02
Year 2 PV (M)1,203.951,226.881,250.03
Year 3 PV (M)1,182.491,216.441,251.02
Year 4 PV (M)1,161.401,206.061,252.00
Year 5 PV (M)1,140.671,195.771,252.97
PV of Terminal Value (M)29,849.3531,291.0832,788.00
Equity Value (M)35,763.6437,373.6339,043.05
Shares Outstanding (M)683.75683.75683.75
Fair Value$52.31$54.66$57.10
Upside / Downside156.27%167.81%179.77%

High-Yield Dividend Screener

« Prev Page 136 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ATT.JOAttacq Limited0.07%$1.1533.19%
AYAL.TAAyalon Insurance Company Ltd0.07%$6.1847.69%
COA.LCoats Group plc0.07%$0.0654.61%
COCKERILL.BOJohn Cockerill India Ltd.0.07%$3.9823.35%
CREI.LCustodian REIT Plc0.07%$0.0639.01%
CTUK.LCT UK Capital And Income Investment Trust Plc0.07%$0.2343.42%
DIVI.LThe Diverse Income Trust plc0.07%$0.0825.53%
DTY.LDignity plc0.07%$0.4029.52%
GFRD.LGalliford Try Holdings PLC0.07%$0.3871.72%
GIF.LGulf Investment Fund plc0.07%$0.1523.89%
GLPL.TAGolan Plastic Products Ltd0.07%$0.5560.67%
GMKN.MEPJSC Mining and Metallurgical Company Norilsk Nickel0.07%$0.1041.97%
HBMHudbay Minerals Inc.0.07%$0.011.22%
JCH.LJPMorgan Claverhouse Investment Trust plc0.07%$0.6431.28%
JEMI.LJPMorgan Global Emerging Markets Income Trust plc0.07%$0.1344.48%
JGGI.LJPMorgan Global Growth & Income plc0.07%$0.4036.20%
JMAT.LJohnson Matthey Plc0.07%$1.6167.50%
LUCE.LLuceco plc0.07%$0.1046.01%
LWI.LLowland Investment Company plc0.07%$0.1164.65%
MAJE.LMajedie Investments PLC0.07%$0.1947.93%
NAIT.LThe North American Income Trust plc0.07%$0.2737.38%
NEOEN.PANeoen S.A.0.07%$0.035.26%
PEBB.LThe Pebble Group plc0.07%$0.0341.88%
POLN.LPollen Street Group Limited0.07%$0.6740.50%
RHB.JORH Bophelo Limited0.07%$0.164.41%
RS1.LRS Group plc0.07%$0.4563.93%
TST.LTouchstar plc0.07%$0.0455.43%
TYMN.LTyman plc0.07%$0.2660.47%
VANL.LVan Elle Holdings plc0.07%$0.0242.12%
VTU.LVertu Motors plc0.07%$0.0435.86%
WIL.LWilmington plc0.07%$0.2164.14%
ZENTEC.BOZen Technologies Limited0.07%$1.003.62%
000661.SZChangchun High-Tech Industries (Group) Inc.0.06%$0.052.13%
000868.SZAnhui Ankai Automobile Co., Ltd0.06%$0.0050.75%
002164.SZNingbo Donly Co.,Ltd0.06%$0.018.48%
002181.SZGuangdong Guangzhou Daily Media Co., Ltd.0.06%$0.013.48%
002530.SZJC Finance&Tax Interconnect Holdings Ltd.0.06%$0.0110.60%
2070.SRSaudi Pharmaceutical Industries and Medical Appliances Corporation0.06%$0.021.65%
240810.KQWonik Ips Co., Ltd0.06%$50.004.11%
300136.SZShenzhen Sunway Communication Co., Ltd.0.06%$0.045.93%
300339.SZJiangsu Hoperun Software Co., Ltd.0.06%$0.0317.00%
300454.SZSangfor Technologies Inc.0.06%$0.074.35%
300698.SZWanma Technology Co., Ltd.0.06%$0.027.61%
300814.SZShenzhen Jove Enterprise Co., Ltd.0.06%$0.0424.70%
301196.SZXiamen Voke Mold & Plastic Engineering Co., Ltd.0.06%$0.042.10%
352820.KSHYBE Co., Ltd.0.06%$212.3616.34%
3923.TRakus Co., Ltd.0.06%$0.592.24%
3IN.L3i Infrastructure plc0.06%$0.2432.21%
4290.SRAl Khaleej Training and Education Company0.06%$0.013.67%
600187.SSHeilongjiang Interchina Water Treatment Co.,Ltd.0.06%$0.0013.82%