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Ares International Corp
TWSE:2471

Watchlist Manager
Ares International Corp Logo
Ares International Corp
TWSE:2471
Watchlist
Price: 50.7 TWD -1.36%
Market Cap: NT$2.4B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+41%
5Y
+81%
10Y
+144%
Investing Cash Flow
+
3Y
-
5Y
-
10Y
-
Financing Cash Flow
+
3Y
-34%
5Y
-95%
10Y
-171%

Cash Flow Statement
Ares International Corp

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Cash Flow Statement
Currency: TWD
Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
(50)
(34)
(20)
(4)
(24)
9
20
18
62
81
42
51
74
46
85
99
89
100
98
61
64
48
31
40
71
47
62
74
42
67
49
60
91
54
90
65
36
35
46
68
63
95
94
86
98
96
61
112
114
124
106
109
139
147
208
195
172
159
204
194
196
196
156
148
190
196
146
184
Depreciation & Amortization
5
5
6
6
5
5
4
4
4
4
4
3
3
3
3
3
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
3
3
4
5
6
7
7
10
14
17
21
20
20
20
20
20
20
20
20
20
20
20
20
20
20
19
19
19
20
20
20
21
22
23
Change in Deffered Taxes
0
0
6
6
6
6
5
4
(3)
1
(0)
2
7
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
6
0
0
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Non-Cash Items
56
44
34
7
31
27
32
40
(1)
(30)
14
12
9
29
(18)
(15)
(5)
(2)
(5)
2
(6)
(17)
(9)
(20)
(16)
(3)
(9)
(7)
(9)
(11)
(9)
(25)
(46)
(37)
(45)
(31)
(5)
(13)
(13)
(16)
(18)
(22)
(14)
(12)
(23)
(19)
(21)
(23)
(17)
(27)
(27)
(30)
(27)
(23)
(26)
(23)
(27)
(30)
(85)
(98)
(100)
(107)
(55)
(41)
(40)
(33)
(34)
(38)
Cash Taxes Paid
0
0
0
0
0
1
1
1
1
0
7
7
7
7
1
1
1
1
8
14
15
15
15
13
12
13
10
11
9
8
9
9
11
11
6
2
2
2
2
1
1
1
4
7
7
7
14
11
11
11
14
14
14
14
18
20
18
18
34
34
35
35
19
27
29
29
19
21
Cash Interest Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Change in Working Capital
167
133
111
104
(20)
(23)
(13)
27
58
12
31
26
45
24
67
121
23
82
17
(41)
25
36
48
36
13
29
31
19
(24)
(28)
(6)
(31)
(22)
(48)
(47)
14
18
27
6
(15)
15
54
33
55
70
23
60
10
35
29
11
(38)
(110)
(72)
(79)
(41)
7
(44)
(15)
30
14
33
10
(42)
(44)
(24)
22
44
Cash from Operating Activities
177
N/A
147
-17%
136
-8%
119
-12%
(2)
N/A
23
N/A
48
+107%
92
+93%
121
+31%
69
-43%
90
+31%
93
+3%
138
+48%
105
-24%
138
+32%
208
+50%
109
-47%
182
+67%
112
-38%
23
-79%
85
+263%
70
-17%
72
+2%
59
-17%
70
+17%
75
+8%
85
+14%
88
+3%
11
-87%
29
+162%
36
+25%
6
-84%
24
+301%
(29)
N/A
0
N/A
51
+16 900%
52
+2%
54
+4%
45
-17%
44
-1%
68
+53%
137
+102%
126
-8%
146
+16%
167
+14%
121
-27%
120
-1%
118
-1%
151
+28%
145
-4%
110
-24%
61
-45%
21
-65%
72
+239%
122
+70%
151
+24%
172
+14%
105
-39%
125
+19%
146
+17%
129
-12%
140
+9%
130
-8%
86
-34%
127
+49%
161
+26%
157
-2%
214
+36%
Investing Cash Flow
Capital Expenditures
(6)
(7)
(6)
(5)
(1)
(0)
(1)
(2)
(2)
(2)
(4)
(4)
(6)
(6)
(3)
(3)
(2)
0
0
(1)
(1)
0
0
(0)
(0)
(0)
(3)
(3)
(4)
(4)
(2)
(2)
(2)
(6)
(4)
(4)
(4)
(5)
(5)
(6)
(9)
(4)
(4)
(4)
(2)
(3)
(3)
(2)
(2)
(2)
(3)
(3)
(2)
(3)
(2)
(2)
(2)
(2)
(2)
(3)
(3)
(3)
(4)
(4)
(52)
(51)
(56)
(55)
Other Items
(40)
(48)
5
(9)
1
1
(5)
(26)
(0)
61
77
80
81
21
4
(48)
2
(96)
(84)
(36)
(50)
11
(14)
(6)
185
149
162
93
68
39
7
76
30
61
34
(29)
1
(70)
34
47
(7)
7
(28)
(1)
(50)
43
(47)
17
16
11
14
(2)
4
(2)
(3)
3
(26)
(8)
(17)
118
5
142
(8)
36
144
(16)
236
36
Cash from Investing Activities
(46)
N/A
(55)
-18%
(1)
+99%
(14)
-1 914%
0
N/A
1
N/A
(6)
N/A
(28)
-369%
(2)
+94%
59
N/A
73
+25%
77
+4%
76
-1%
15
-81%
1
-97%
(51)
N/A
1
N/A
(97)
N/A
(84)
+13%
(37)
+56%
(51)
-36%
10
N/A
(15)
N/A
(7)
+54%
185
N/A
149
-19%
159
+7%
89
-44%
64
-28%
35
-45%
5
-86%
74
+1 446%
28
-62%
55
+95%
30
-46%
(33)
N/A
(3)
+90%
(74)
-2 122%
29
N/A
41
+42%
(16)
N/A
3
N/A
(33)
N/A
(5)
+84%
(52)
-918%
41
N/A
(50)
N/A
15
N/A
14
-10%
8
-38%
12
+38%
(4)
N/A
2
N/A
(5)
N/A
(5)
-4%
1
N/A
(28)
N/A
(10)
+66%
(19)
-102%
114
N/A
2
-98%
139
+6 320%
(12)
N/A
32
N/A
92
+187%
(67)
N/A
179
N/A
(19)
N/A
Financing Cash Flow
Net Issuance of Common Stock
(26)
(7)
(7)
0
0
0
0
0
0
0
7
4
4
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(4)
(26)
0
(26)
(22)
0
0
26
26
26
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Issuance of Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(4)
(9)
(13)
(18)
(18)
(17)
(17)
(17)
(18)
(18)
(18)
(17)
(17)
(17)
(17)
(17)
(16)
(16)
(17)
(17)
(17)
(17)
(17)
(18)
(19)
(20)
(20)
Cash Paid for Dividends
0
0
0
0
0
0
0
0
0
0
0
(56)
(56)
0
0
(57)
(57)
0
0
(71)
(71)
0
0
(47)
(47)
0
0
(57)
(57)
0
0
(47)
(47)
0
0
0
(63)
0
0
(63)
(47)
0
0
(57)
(57)
0
0
(67)
(67)
0
0
(71)
(71)
0
0
(106)
(106)
0
(106)
(134)
(134)
0
0
(155)
(155)
0
0
(145)
Other
0
1
1
1
1
0
0
0
(1)
(1)
(0)
(0)
(0)
0
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
1
0
0
0
0
0
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Cash from Financing Activities
(26)
N/A
(7)
+74%
(6)
+6%
1
N/A
1
N/A
0
-57%
0
N/A
0
N/A
(1)
N/A
(1)
N/A
7
N/A
(52)
N/A
(52)
+0%
0
N/A
0
N/A
(57)
N/A
(57)
+0%
0
N/A
0
N/A
(71)
N/A
(71)
N/A
0
N/A
0
N/A
(47)
N/A
(47)
+0%
0
N/A
0
N/A
(61)
N/A
(83)
-36%
(82)
+1%
(82)
N/A
(68)
+16%
(46)
+32%
(47)
-2%
(21)
+55%
26
N/A
(37)
N/A
(38)
0%
(64)
-69%
(111)
-74%
(47)
+57%
(51)
-9%
(56)
-8%
(70)
-25%
(74)
-7%
(74)
+0%
(74)
+0%
(85)
-14%
(85)
+0%
(85)
0%
(85)
0%
(88)
-4%
(88)
+0%
(88)
+0%
(88)
0%
(123)
-39%
(123)
+0%
(122)
+0%
(122)
0%
(151)
-23%
(151)
0%
(151)
+0%
(151)
0%
(172)
-14%
(173)
0%
(174)
-1%
(175)
0%
(165)
+6%
Change in Cash
Effect of Foreign Exchange Rates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
3
(3)
0
1
(5)
6
0
7
10
4
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Change in Cash
105
N/A
86
-18%
129
+50%
106
-18%
(2)
N/A
24
N/A
42
+72%
64
+54%
118
+85%
127
+7%
170
+35%
117
-31%
161
+38%
68
-58%
80
+18%
100
+25%
53
-47%
29
-45%
(26)
N/A
(87)
-239%
(37)
+58%
11
N/A
(18)
N/A
12
N/A
207
+1 653%
183
-12%
206
+13%
120
-42%
(7)
N/A
(17)
-129%
(40)
-137%
12
N/A
6
-52%
(22)
N/A
9
N/A
44
+408%
11
-74%
(58)
N/A
10
N/A
(25)
N/A
4
N/A
88
+2 026%
37
-58%
71
+92%
41
-43%
88
+116%
(4)
N/A
49
N/A
80
+65%
69
-14%
37
-47%
(32)
N/A
(66)
-105%
(21)
+67%
29
N/A
30
+3%
21
-28%
(27)
N/A
(17)
+37%
109
N/A
(20)
N/A
128
N/A
(33)
N/A
(55)
-65%
47
N/A
(80)
N/A
162
N/A
30
-82%
Free Cash Flow
Free Cash Flow
171
N/A
140
-18%
130
-7%
114
-13%
(3)
N/A
23
N/A
46
+104%
90
+95%
119
+32%
67
-44%
86
+29%
89
+3%
132
+49%
99
-25%
135
+37%
205
+51%
107
-48%
182
+70%
112
-38%
22
-80%
84
+278%
70
-17%
72
+2%
59
-18%
69
+18%
75
+7%
82
+10%
84
+3%
7
-91%
25
+244%
34
+36%
4
-89%
22
+464%
(35)
N/A
(4)
+89%
47
N/A
48
+2%
49
+3%
40
-19%
38
-4%
59
+53%
133
+126%
121
-9%
142
+17%
165
+17%
119
-28%
117
-2%
116
-1%
149
+29%
143
-4%
107
-25%
58
-46%
19
-68%
69
+267%
120
+74%
149
+24%
170
+14%
103
-40%
123
+19%
142
+16%
126
-11%
137
+9%
126
-9%
82
-35%
75
-8%
109
+45%
101
-8%
158
+57%

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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