NOT FOR DISTRIBUTION
Header cover image

Market Cap

US$15.4b

Last Updated

2021/05/15 22:07 UTC

Data Sources

Company Financials +

Executive Summary

The Carlyle Group Inc. is an investment firm specializing in direct and fund of fund investments. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Carlyle Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CG's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-3.3%

CG

-0.9%

US Capital Markets

-1.7%

US Market


1 Year Return

85.3%

CG

71.6%

US Capital Markets

50.8%

US Market

Return vs Industry: CG exceeded the US Capital Markets industry which returned 71.4% over the past year.

Return vs Market: CG exceeded the US Market which returned 50.5% over the past year.


Shareholder returns

CGIndustryMarket
7 Day-3.3%-0.9%-1.7%
30 Day11.5%3.2%-1.2%
90 Day17.1%11.2%0.4%
1 Year91.1%85.3%75.3%71.6%53.3%50.8%
3 Year131.7%101.4%60.4%48.8%61.5%51.4%
5 Year261.3%167.1%167.9%135.4%125.9%100.7%

Long-Term Price Volatility Vs. Market

How volatile is Carlyle Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Carlyle Group undervalued compared to its fair value and its price relative to the market?

8.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CG ($43.51) is trading above our estimate of fair value ($38.08)

Significantly Below Fair Value: CG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CG is good value based on its PE Ratio (8.4x) compared to the US Capital Markets industry average (16.1x).

PE vs Market: CG is good value based on its PE Ratio (8.4x) compared to the US market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CG is good value based on its PB Ratio (4.5x) compared to the US Capital Markets industry average (68.1x).


Future Growth

How is Carlyle Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

2.8%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CG's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if CG's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CG's revenue (2.8% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: CG's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CG's Return on Equity is forecast to be very high in 3 years time (56.8%).


Past Performance

How has Carlyle Group performed over the past 5 years?

32.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CG has a high level of non-cash earnings.

Growing Profit Margin: CG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CG has become profitable over the past 5 years, growing earnings by 32.4% per year.

Accelerating Growth: CG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (34.3%).


Return on Equity

High ROE: Whilst CG's Return on Equity (53.41%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Carlyle Group's financial position?


Financial Position Analysis

Short Term Liabilities: CG's short term assets ($8.1B) exceed its short term liabilities ($3.8B).

Long Term Liabilities: CG's short term assets ($8.1B) do not cover its long term liabilities ($9.5B).


Debt to Equity History and Analysis

Debt Level: CG's debt to equity ratio (199.4%) is considered high.

Reducing Debt: CG's debt to equity ratio has reduced from 220.3% to 199.4% over the past 5 years.

Debt Coverage: CG's debt is not well covered by operating cash flow (2%).

Interest Coverage: CG's interest payments on its debt are well covered by EBIT (10.6x coverage).


Balance Sheet


Dividend

What is Carlyle Group current dividend yield, its reliability and sustainability?

2.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CG's dividend (2.3%) is higher than the bottom 25% of dividend payers in the US market (1.25%).

High Dividend: CG's dividend (2.3%) is low compared to the top 25% of dividend payers in the US market (3.42%).


Stability and Growth of Payments

Stable Dividend: CG has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CG's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.2%), CG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CG's dividends in 3 years are forecast to be well covered by earnings (36.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Kewsong Lee (54 yo)

0.67

Tenure

US$16,384,203

Compensation

Mr. Kewsong Lee has been Chief Executive Officer of Carlyle Group Inc. since September 30, 2020 and its Director since January 1, 2018, previously served as its Co-Chief Executive Officer from January 1, 2...


CEO Compensation Analysis

Compensation vs Market: Kewsong's total compensation ($USD16.38M) is above average for companies of similar size in the US market ($USD11.16M).

Compensation vs Earnings: Kewsong's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CG's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: CG's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CG insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Carlyle Group Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Carlyle Group Inc.
  • Ticker: CG
  • Exchange: NasdaqGS
  • Founded: 1987
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$15.427b
  • Shares outstanding: 354.57m
  • Website: https://www.carlyle.com

Number of Employees


Location

  • The Carlyle Group Inc.
  • 1001 Pennsylvania Avenue, NW
  • Washington
  • District Of Columbia
  • 20004-2505
  • United States

Listings


Biography

The Carlyle Group Inc. is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestiture...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/15 22:07
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.