Apollo Global Management, the private equity giant dwarfs in terms of market capitalization Carlyle Group, another private equity giant, according to Wolfteam Ltd.'s analysis.
Apollo's market capitalization is 101.44 billion USD compared with Carlyle's 18.54 billion USD market capitalization.
Apollo Global Management's revenue for the calendar 2023 is 31.94 billion USD, while Carlyle Goup Inc's revenue for the calendar 2023 is 2.42 billion USD which partly explains the large difference in the valuation of Apollo and Carlyle. Although Carlyle pays out a 2.70 % dividend yield and Apollo does not pay out any dividends at all, Apollo is much more valuable on the stock market.
Carlyle's assets under management are 447 billion USD according to its third quarter 2024 earnings statement, compared with Apollo's 733 billion USD assets under management according to Apollo's third quarter 2024 earnings statement.
Apollo's 85 % of assets under management are in credit assets, while 75 % of the fee earning assets under management of Carlyle are in global private equity. Since credit investing is a hot, popular area and Apollo's almost twice as large assets under management compared to Carlyle's helps explain why Apollo's market capitalization is 101.44 billion USD compared with Carlyle's 18.54 billion USD market capitalization.
No comments:
Post a Comment