ARES COMMERCIAL REAL ESTATE CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.85 USD | +1.18% |
|
+4.42% | -33.88% |
| Apr. 10 | JPMorgan Trims Ares Commercial Real Estate's Price Target to $7 From $8, Maintains Neutral Rating | MT |
| Apr. 04 | Ares Commercial Real Estate Corporation Announces Board Changes | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 453.6 | 397.1 | 682.8 | 559.9 | 560.4 | 372.6 | - | - |
| Enterprise Value (EV) 1 | 1,784 | 1,753 | 2,555 | 2,155 | 2,067 | 1,879 | 2,020 | 372.6 |
| P/E ratio | 12.4 x | 18 x | 10.2 x | 18.1 x | -14.4 x | 97.1 x | 8.42 x | 6.82 x |
| Yield | 8.33% | 11.1% | 9.63% | 13.6% | 13.1% | 14.6% | 14.7% | 14.6% |
| Capitalization / Revenue | 8.69 x | 5.75 x | 8.17 x | 5.24 x | 6.03 x | 4.74 x | 4.95 x | 4.74 x |
| EV / Revenue | 34.2 x | 25.4 x | 30.6 x | 20.2 x | 22.2 x | 23.9 x | 26.9 x | 4.74 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.07 x | 0.84 x | 0.91 x | 0.75 x | 0.9 x | 0.65 x | 0.67 x | 0.63 x |
| Nbr of stocks (in thousands) | 28,635 | 33,338 | 46,958 | 54,413 | 54,090 | 54,388 | - | - |
| Reference price 2 | 15.84 | 11.91 | 14.54 | 10.29 | 10.36 | 6.850 | 6.850 | 6.850 |
| Announcement Date | 2/20/20 | 2/18/21 | 2/15/22 | 2/15/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 52.2 | 69.1 | 83.55 | 106.8 | 92.93 | 78.57 | 75.21 | 78.62 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 46.38 | 61.19 | 74.12 | 64.41 | 75.9 | 75.86 | - |
| Operating Margin | - | 67.12% | 73.24% | 69.37% | 69.32% | 96.61% | 100.87% | - |
| Earnings before Tax (EBT) 1 | 37.51 | 22.19 | 61.18 | 30.26 | -38.91 | 21.1 | 39.7 | - |
| Net income 1 | 36.99 | 21.84 | 60.46 | 29.78 | -38.87 | 10.17 | 42.48 | - |
| Net margin | 70.86% | 31.6% | 72.36% | 27.88% | -41.83% | 12.95% | 56.49% | - |
| EPS 2 | 1.280 | 0.6600 | 1.420 | 0.5700 | -0.7200 | 0.0705 | 0.8134 | 1.004 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.320 | 1.320 | 1.400 | 1.400 | 1.360 | 1.000 | 1.007 | 1.000 |
| Announcement Date | 2/20/20 | 2/18/21 | 2/15/22 | 2/15/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 27.2 | 23.86 | 21.35 | 25.15 | 27.27 | 30.41 | 26.5 | 24.99 | 23.88 | 17.55 | 19.93 | 19.58 | 19.93 | 19.82 | 20.71 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | - | 20.13 | 22.58 | 20.3 | - | 17.28 | 8.946 | 5.784 | 4.861 | 5.054 | 6.506 | - |
| Operating Margin | - | - | - | - | 73.83% | 74.24% | 76.61% | - | 72.36% | 50.97% | 29.03% | 24.83% | 25.35% | 32.83% | - |
| Earnings before Tax (EBT) 1 | 9.951 | 17.28 | 16.31 | 10.13 | 0.649 | 3.173 | -6.329 | -2.244 | 9.168 | -39.5 | -5 | 4.5 | 8 | 8 | 9.8 |
| Net income 1 | 9.951 | 17.15 | 16.2 | 10.03 | 0.644 | 2.909 | -6.439 | -2.198 | 9.184 | -39.41 | -9.038 | 4.521 | 6.852 | 7.836 | 9.7 |
| Net margin | 36.58% | 71.88% | 75.88% | 39.89% | 2.36% | 9.57% | -24.3% | -8.8% | 38.45% | -224.56% | -45.36% | 23.1% | 34.38% | 39.54% | 46.83% |
| EPS 2 | 0.2100 | 0.3600 | 0.3400 | 0.2000 | 0.0100 | 0.0500 | -0.1200 | -0.0400 | 0.1700 | -0.7300 | -0.0161 | -0.0101 | 0.0594 | 0.0713 | 0.1967 |
| Dividend per Share 2 | 0.3300 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | 0.3300 | 0.3300 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | 0.2500 |
| Announcement Date | 11/3/21 | 2/15/22 | 5/3/22 | 7/29/22 | 11/2/22 | 2/15/23 | 5/2/23 | 8/2/23 | 11/3/23 | 2/22/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,330 | 1,356 | 1,873 | 1,595 | 1,507 | 1,506 | 1,648 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 9.53% | 10% | 11.5% | 11.3% | 8.5% | 1.02% | 7.31% | 9.55% |
| ROA (Net income/ Total Assets) | 2.18% | 2.43% | 2.89% | 3.13% | 2.43% | -0.68% | 1.42% | - |
| Assets 1 | 1,694 | 899.5 | 2,090 | 951.3 | -1,599 | -1,491 | 2,990 | - |
| Book Value Per Share 2 | 14.80 | 14.10 | 16.00 | 13.70 | 11.60 | 10.50 | 10.20 | 10.90 |
| Cash Flow per Share | 1.120 | 0.9600 | 1.130 | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/20/20 | 2/18/21 | 2/15/22 | 2/15/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
6.85
USD
Average target price
7.5
USD
Spread / Average Target
+9.49%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -33.88% | 373M | |
| -2.53% | 9.45B | |
| -4.89% | 6.72B | |
| -7.23% | 6.12B | |
| +4.96% | 5.42B | |
| -15.80% | 3.15B | |
| -15.55% | 2.43B | |
| -8.01% | 1.54B | |
| -13.66% | 1.53B | |
| -4.43% | 1.41B |
- Stock Market
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- ACRE Stock
- Financials Ares Commercial Real Estate Corporation
