Ares Capital Corp
F:9A2
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Intrinsic Value
The intrinsic value of 
Ares Capital Corp (9A2) under the Base Case is 14.895 EUR per share.
Compared with the current market price of 17.346 EUR, the stock appears
Overvalued by 14% .
The intrinsic value is calculated using the DCF method.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Ares Capital Does
Ares Capital Corp. is a business development company that lends money and sometimes takes equity stakes in middle-market companies, usually private businesses that are too large for small-bank lending but not big enough to tap the public bond market easily. It focuses on senior secured loans, subordinated debt, and other forms of private credit, often to companies backed by private equity sponsors.
- Headquarters
- United States of America US
- Employees
- 4 250
- IPO date
- Oct 8, 2012
Ares Capital has no economic moat
Borrowers can seek comparable loans from competing banks and private lenders, leaving Ares Capital under pressure to match their prices and terms. Its relationships and lending experience help it win business, but do not prevent rivals from competing for the same borrowers.
Read the full moat analysis
Revenue & Expenses Breakdown
Ares Capital Corp
Earnings Waterfall
Ares Capital Corp
What is the Intrinsic Value of one 9A2 stock?
The intrinsic value for Ares Capital Corp (9A2) under the Base Case is 14.895 EUR.
Is 9A2 stock undervalued or overvalued?
Compared with the current market price of 17.346 EUR, the stock appears Overvalued by 14% .
