A Business at a Glance
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Burford Capital Ltd
BUR
$925M
Mkt Cap
$4.14
-0.24%
Burford Capital Ltd (BUR) has a current P/E ratio of 14.8, compared to its historical median P/E of 19.2. The stock is currently considered Fair based on its historical valuation range.
Burford Capital Ltd (BUR) has a 5-year average return on invested capital (ROIC) of 4.6%. This is below average and may indicate limited pricing power.
Burford Capital Ltd (BUR) has a market capitalization of $925M. It is classified as a small-cap stock.
Yes, Burford Capital Ltd (BUR) pays a dividend with a trailing twelve-month yield of 2.96%. The company also returns capital through share buybacks, with a buyback yield of 1.65%.
Based on historical P/E analysis, Burford Capital Ltd (BUR) appears fair. The current P/E of 14.8 is 23% below its historical median of 19.2. The estimated fair value CAGR (P/E method) is 1.9%.
Burford Capital Ltd (BUR) operates in the Finance Services industry, within the Financials sector.
Burford Capital Ltd (BUR) reported annual revenue of $413 million in its most recent fiscal year, based on SEC EDGAR filings.
Burford is the world’s largest dedicated provider of capital, based on portfolio size, against the underlying value of litigation and legal assets, which we colloquially call legal finance. We are a global firm that serves the legal industry by providing an array of financial products and services. Our largest business is providing capital to clients engaged in ongoing legal disputes, which they can use both to pay the legal fees and expenses associated with disputes and to monetize the expected future value of disputes. Our focus is on large, complex disputes, not on small-scale litigation typically pursued by consumers or small businesses. We rarely engage in transactions in which we are providing less than $5.0 million in capital, and we frequently provide multiples of that amount up to hundreds of millions of dollars. Since our inception in 2009, we made commitments of more than $12.1 billion into legal finance assets on a group-wide basis.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 413M | 413M | 546M | 1.1B | 319M | 217M |
| Net Income | 63M | 63M | 146M | 611M | 31M | -29M |
| EPS | $0.28 | $0.28 | $0.66 | $2.74 | $0.14 | $-0.13 |
| Free Cash Flow | -29M | -29M | 216M | -278M | 466M | -586M |
| ROIC | 4.9% | 1.4% | 3.7% | 17.9% | 1.1% | -1.1% |
| Gross Margin | 64.9% | 64.9% | 76.1% | 88.3% | - | - |
| Debt/Equity | 0.87 | 0.87 | 0.73 | 0.67 | 0.73 | 0.61 |
| Dividends/Share | $0.12 | $0.12 | $0.12 | $0.12 | $0.13 | $0.19 |
| Operating Income | 232M | 232M | 391M | 816M | 195M | 69M |
| Operating Margin | 56.2% | 56.2% | 71.5% | 75.0% | 61.1% | 31.6% |
| ROE | 2.6% | 2.6% | 6.2% | 30.3% | 1.8% | -1.7% |
| Shares Outstanding | 223M | 223M | 222M | 223M | 218M | 221M |
| Metric | 2018 | 2019 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 425M | 534M | 328M | 217M | 319M | 1.1B | 546M | 413M | 413M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | 88.3% | 76.1% | 64.9% | 64.9% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | 22M | 21M | 30M | 30M | 34M | 31M | 38M | 38M |
| EBIT | 344M | 396M | 209M | 69M | 195M | 816M | 391M | 232M | 232M |
| Op. Margin | 80.9% | 74.2% | 63.7% | 31.6% | 61.1% | 75.0% | 71.5% | 56.2% | 56.2% |
| Net Income | 318M | 301M | 143M | -29M | 31M | 611M | 146M | 63M | 63M |
| Net Margin | 74.7% | 56.2% | 43.7% | -13.2% | 9.6% | 56.2% | 26.8% | 15.1% | 15.1% |
| Non-Recurring | 0 | 1.0M | 0 | 500K | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||
| ROIC | 76.0% | 14.9% | 5.8% | -1.1% | 1.1% | 17.9% | 3.7% | 1.4% | 4.9% |
| ROE | 76.0% | 17.8% | 7.9% | -1.7% | 1.8% | 30.3% | 6.2% | 2.6% | 2.6% |
| ROA | 766.2% | 19.8% | 4.5% | -0.8% | 0.8% | 12.1% | 2.4% | 1.0% | 0.9% |
| Cash Flow | |||||||||
| Op. Cash Flow | -233M | -274M | 54M | -585M | 466M | -275M | 217M | -29M | -29M |
| Free Cash Flow | -233M | -277M | 53M | -586M | 466M | -278M | 216M | -29M | -29M |
| Owner Earnings | -233M | -291M | 38M | -597M | 454M | -289M | 208M | -43M | -43M |
| CapEx | 104K | 3.4M | 360K | 285K | 407K | 3.2M | 661K | 284K | 284K |
| Maint. CapEx | 0 | 13M | 11M | 3.2M | 4.4M | 5.5M | 0 | 0 | 0 |
| Growth CapEx | N/A | 0 | 0 | 0 | 0 | 0 | N/A | N/A | 284K |
| D&A | 0 | 13M | 11M | 3.2M | 4.4M | 5.5M | 0 | 0 | 0 |
| CapEx/OCF | N/A | N/A | 0.7% | N/A | N/A | N/A | 0.3% | N/A | 0.0% |
| Capital Allocation | |||||||||
| Dividends Paid | 25M | 28M | 0 | 41M | 28M | 27M | 27M | 27M | 27M |
| Dividend Yield | N/A | N/A | N/A | 1.9% | 1.5% | 1.0% | 0.9% | 1.0% | 3.0% |
| Share Buybacks | 0 | 0 | 0 | 0 | 3.7M | 3.8M | 5.1M | 15M | 15M |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.2% | 0.1% | 0.2% | 0.8% | 1.7% |
| Stock-Based Comp | N/A | 4.5M | 5.3M | 8.8M | 7.8M | 8.7M | 8.7M | 14M | 14M |
| Debt Repayment | 0 | 0 | 5.0M | 34M | 80M | 130M | 6.3M | 11M | 11M |
| Balance Sheet | |||||||||
| Net Debt | N/A | 418M | 350M | 835M | 1.2B | 1.3B | 974M | 1.2B | 1.6B |
| Cash & Equiv. | 266M | 178M | 322M | 180M | 108M | 221M | 470M | 566M | 566M |
| Long-Term Debt | N/A | 665M | 677M | 1.0B | 1.3B | 1.5B | 1.8B | 2.1B | 2.1B |
| Debt/Equity | 0.11 | 0.36 | 0.38 | 0.61 | 0.73 | 0.67 | 0.73 | 0.87 | 0.87 |
| Interest Coverage | 8.9 | 10.2 | 5.3 | 1.2 | 2.5 | 8.2 | 3.0 | 1.6 | 1.6 |
| Equity | 37M | 1.9B | 1.8B | 1.7B | 1.7B | 2.3B | 2.4B | 2.4B | 2.4B |
| Total Assets | 41M | 3.0B | 3.3B | 3.7B | 4.3B | 5.8B | 6.2B | 6.6B | 6.6B |
| Total Liabilities | 4.1M | 1.5B | 1.2B | 1.6B | 1.9B | 2.6B | 2.9B | 3.5B | 3.5B |
| Intangibles | N/A | N/A | 0 | 0 | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | 923M | 1.1B | 1.1B | 1.1B | 1.6B | 1.8B | 1.8B | 1.8B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||
| EPS | 150.30 | 1.37 | 0.65 | -0.13 | 0.14 | 2.74 | 0.66 | 0.28 | 0.28 |
| Owner EPS | N/A | -1.33 | 0.17 | -2.70 | 2.08 | -1.30 | 0.94 | -0.19 | -0.19 |
| Book Value | N/A | 8.54 | 8.00 | 7.67 | 8.00 | 10.28 | 10.90 | 10.95 | 10.95 |
| Cash Flow/Share | N/A | -1.25 | 0.24 | -2.65 | 2.14 | -1.23 | 0.98 | -0.13 | 0.28 |
| Dividends/Share | N/A | 0.13 | N/A | 0.19 | 0.13 | 0.12 | 0.12 | 0.12 | 0.12 |
| Shares Out. | N/A | 219.4M | 220.4M | 221.2M | 217.9M | 222.8M | 221.9M | 223.5M | 223.5M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | 13.7 | N/A | 56.2 | 5.7 | 19.2 | 32.5 | 14.8 |
| P/FCF | N/A | N/A | 36.8 | N/A | 3.7 | N/A | 13.0 | N/A | N/A |
| EV/EBIT | N/A | N/A | 11.0 | 57.1 | 20.5 | 5.7 | 10.3 | 15.1 | 10.7 |
| Price/Book | N/A | N/A | 1.1 | 1.3 | 1.0 | 1.5 | 1.2 | 0.8 | 0.4 |
| Price/Sales | N/A | N/A | 6.2 | 10.2 | 6.0 | 2.4 | 5.7 | 6.8 | 2.2 |
| FCF Yield | N/A | N/A | 2.7% | -26.5% | 27.2% | -8.0% | 7.7% | -1.4% | -3.2% |
| Market Cap | N/A | N/A | 2.0B | 2.2B | 1.7B | 3.5B | 2.8B | 2.0B | 925M |
| Avg. Price | N/A | N/A | 9.18 | 9.99 | 8.75 | 11.77 | 13.91 | 12.56 | 4.14 |
| Year-End Price | N/A | N/A | 8.92 | 10.01 | 7.86 | 15.63 | 12.66 | 9.09 | 4.14 |
Burford Capital Ltd passes 3 of 9 quality checks, indicating weak fundamentals.
Burford Capital Ltd trades at 14.8x trailing earnings, compared to its 15-year median P/E of 19.2x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 4.6% with a gross margin of 76.4%. Total shareholder yield (dividends + buybacks) is 4.6%. At current prices, the estimated annualized return to fair value is -22.9%.
Burford Capital Ltd (BUR) has a net profit margin of 15.1%. This is a healthy margin.
Burford Capital Ltd (BUR) generated $-29 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Burford Capital Ltd (BUR) has a debt-to-equity ratio of 0.87. This indicates moderate leverage.
Burford Capital Ltd (BUR) reported earnings per share (EPS) of $0.28 in its most recent fiscal year.
Burford Capital Ltd (BUR) has a return on equity (ROE) of 2.6%. This indicates moderate shareholder returns.
Burford Capital Ltd (BUR) has a 5-year average gross margin of 76.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 8 years of financial data for Burford Capital Ltd (BUR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Burford Capital Ltd (BUR) has a book value per share of $10.95, based on its most recent annual SEC filing.
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