Discounted Cash Flow
Ares Management Corp.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $1.2b | $111.8m | $-637.6m | 9.3% | — |
| 2017 | $1.4b (18.0%) | $76.2m (-31.9%) | $76.2m (111.9%) | 5.4% (-42.3%) | — |
| 2018 | $1.2b (-13.9%) | $57.0m (-25.1%) | $57.0m (-25.1%) | 4.7% (-13.0%) | — |
| 2019 | $1.4b (17.6%) | $148.9m (161.1%) | $148.9m (161.1%) | 10.4% (122.0%) | — |
| 2020 | $1.8b (23.1%) | $152.1m (2.2%) | $-425.7m (-385.9%) | 8.6% (-17.0%) | — |
| 2021 | $4.2b (138.8%) | $408.8m (168.7%) | $-2.6b (-509.9%) | 9.7% (12.5%) | — |
| 2022 | $3.1b (-27.5%) | $167.5m (-59.0%) | $-769.9m (70.3%) | 5.5% (-43.5%) | — |
| 2023 | $3.6b (18.9%) | $474.3m (183.1%) | $-300.4m (61.0%) | 13.1% (138.2%) | — |
| 2024 | $3.9b (7.0%) | $463.7m (-2.2%) | $2.7b (998.6%) | 11.9% (-8.6%) | — |
| 2025 | $5.6b (44.2%) | $527.4m (13.7%) | $3.2b (18.3%) | 9.4% (-21.1%) | — |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.