ARES
ACCE-researchedOverview
ACCE thesis
Ares Management operates three distinct alternative asset platforms - credit ($445B AUM), private equity ($45B), and real assets ($24B) - generating fees from both management and performance across institutional and retail channels. The firm benefits from the structural shift toward private markets as pension funds and insurers allocate away from public equities, while their direct lending business capitalizes on banks retreating from middle-market lending post-Basel III. Fee-related earnings surged 35% year-over-year in Q3 2024, driven by $28 billion in fundraising over the trailing twelve months and deployment accelerating across all segments. Trading at 16.6x forward earnings despite managing over $500 billion in assets, Ares offers exposure to the private markets boom at a significant discount to Blackstone's 25x multiple.
- highElevated short interestShort interest at 14.9% signals meaningful bearish conviction; well above typical asset manager peers, suggesting market skepticism.
- highExtreme debt leverageDebt/Equity of 3.17x is very high; rising rates or AUM outflows could stress the balance sheet materially.
- moderateMomentum quality score lowACCE Momentum sub-score is only 17/100, and QoQ revenue declined 11.8%, flagging near-term growth deceleration.
- moderateEarnings growth unsustainable770.5% YoY earnings growth likely reflects a one-time base effect; 5-year revenue CAGR of only 6.5% shows underlying pace is far slower.
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Price
Valuation
INVESTORSix independent models converge on one confidence-weighted fair value, with full methodology and editable assumptions.
- +All six models: DCF, P/E and EV/EBITDA comps, Graham, dividend discount, residual income
- +Scenario bands, sensitivity tornado, and the 5-year historical valuation range
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Quality
INVESTORThe full quality picture: conviction breakdown, earnings quality, score history, and backtested returns.
- +Conviction score breakdown and earnings-quality grade
- +Growth / value / quality / momentum component scores
- +90-day score history and score-threshold backtests
Analysts
Wall Street consensus
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
- +Price-target low / average / high vs the current price, with implied upside
- +Forward revenue and EPS consensus by fiscal year
- +ACCE fair-value models lined up against the Street
Smart Money
PROFollow the institutions: 13F position changes, insider trades, and active 13D activist filings.
- +Quarter-over-quarter institutional position changes
- +Recent open-market insider transactions
- +Active 13D activist filings and top holders
Compare
Where it sits vs peers
Algorithmic peers (6)
| Ticker | Company | Mcap | P/E | ROE | D/E | Yield | Quality | |
|---|---|---|---|---|---|---|---|---|
| EQT.ST | EQT AB (publ) | $37.9B | 29.8 | 13.9% | 0.33 | 0.1% | - | Compare |
| III.L | 3i Group Ord | $36.3B | 4.9 | 19.1% | 0.00 | 3.1% | - | Compare |
| AMP | Ameriprise Financial Inc. Common Stock | $48.1B | 13.2 | 63.4% | 0.90 | 1.2% | - | Compare |
| STT | State Street Corporation Common Stock | $50.2B | 16.1 | 12.4% | 1.04 | 1.8% | - | Compare |
| NTRS | Northern Trust Corporation Common Stock | $32.5B | 15.3 | 17.1% | 2.08 | 1.8% | - | Compare |
| RJF | Raymond James Financial Inc. Common Stock | $31.7B | 14.4 | 18.4% | 0.36 | 1.3% | - | Compare |
Sector report card
Where ARES ranks against its sector peers on each metric.
News and Record
Press releases mentioning this company
- Business Wire•Sep 16, 2026Ares and PSP Investments Establish Joint Venture to Invest Up to $2.4 Billion in U.S. Logistics Real Estate
- PR Newswire•Sep 8, 2026ARES CAPITAL CORPORATION PRICES PUBLIC OFFERING OF $750 MILLION 6.250% UNSECURED NOTES DUE 2033
- PR Newswire•Sep 2, 2026Ares Management Corporation to Present at the Barclays Global Financial Services Conference
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