Financials Burford Capital Limited

Equities

BUR

GG00BMGYLN96

Investment Management & Fund Operators

Market Closed - London S.E. 11:35:11 2024-04-26 am EDT 5-day change 1st Jan Change
1,226 GBX +1.07% Intraday chart for Burford Capital Limited +2.25% +1.07%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,064 2,130 2,285 1,762 3,381 3,347 - -
Enterprise Value (EV) 1 2,496 2,459 3,001 2,787 3,381 4,715 4,655 4,739
P/E ratio 9.77 x 12.5 x -31.6 x 57.6 x - 11.2 x 8.98 x 7.52 x
Yield 0.44% 1.29% 1.2% 1.55% - 0.82% 0.83% 0.85%
Capitalization / Revenue 5.64 x 5.97 x 17.2 x 5.52 x 3.11 x 4.54 x 4 x 4.05 x
EV / Revenue 6.82 x 6.89 x 22.6 x 8.73 x 3.11 x 6.4 x 5.56 x 5.73 x
EV / EBITDA 8.86 x - -491 x 14 x - 10.6 x 9.11 x 7.76 x
EV / FCF -213 x - - -5.97 x - -47.3 x -79.4 x 38.2 x
FCF Yield -0.47% - - -16.7% - -2.11% -1.26% 2.61%
Price to Book 1.35 x 1.25 x 1.47 x - - 1.33 x 1.16 x 1.02 x
Nbr of stocks (in thousands) 218,650 219,050 219,036 218,418 218,962 219,179 - -
Reference price 2 9.441 9.722 10.43 8.067 15.44 15.27 15.27 15.27
Announcement Date 4/28/20 3/24/21 3/29/22 5/16/23 3/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 366 357 132.9 319.2 1,087 736.5 836.9 827.3
EBITDA 1 281.8 - -6.11 199.3 - 443.1 510.8 610.7
EBIT 1 269.8 248.9 -9.303 195 815.7 561.5 648.6 630.5
Operating Margin 73.71% 69.73% -7% 61.07% 75.05% 76.24% 77.5% 76.22%
Earnings before Tax (EBT) 1 225.5 208.6 -75.08 109 738.3 440.9 525.3 520.8
Net income 1 212.1 171.7 -72.07 30.51 610.5 376.9 448.6 447.8
Net margin 57.95% 48.1% -54.23% 9.56% 56.17% 51.17% 53.6% 54.13%
EPS 2 0.9660 0.7800 -0.3300 0.1400 - 1.361 1.700 2.031
Free Cash Flow 1 -11.7 - - -466.5 - -99.7 -58.6 123.9
FCF margin -3.2% - - -146.14% - -13.54% -7% 14.98%
FCF Conversion (EBITDA) - - - - - - - 20.29%
FCF Conversion (Net income) - - - - - - - 27.67%
Dividend per Share 2 0.0417 0.1250 0.1250 0.1250 - 0.1250 0.1275 0.1300
Announcement Date 4/28/20 3/24/21 3/29/22 5/16/23 3/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 S1 2021 S2 2022 S1 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 79 - 80.5 52.39 79.91 103.4 239.3 380.9 44.55 368.9 292.6 192.4 197.3 222 235.8 224.3
EBITDA - - - - - - - - - - - - - - - -
EBIT 1 18.61 - -39.82 30.52 26.72 - 168.2 326.6 0.919 315.8 172.3 150 154.2 176.6 187.6 178.1
Operating Margin 23.56% - -49.47% 58.25% 33.44% - 70.3% 85.74% 2.06% 85.61% 58.9% 77.94% 78.17% 79.57% 79.53% 79.39%
Earnings before Tax (EBT) 1 - - - - -13.78 - 122.8 308.5 -11.31 296.6 144.5 117.1 120.6 142.9 154.1 144
Net income 1 - 151.5 - - -21.5 - 52.01 259.4 -21.54 272.5 100.1 99.74 102.7 121.5 130.8 123
Net margin - - - - -26.91% - 21.73% 68.11% -48.35% 73.89% 34.21% 51.83% 52.04% 54.74% 55.48% 54.85%
EPS -0.0390 0.6894 - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 4/28/20 10/1/20 9/9/21 3/29/22 8/9/22 5/16/23 5/16/23 6/13/23 9/13/23 11/9/23 3/14/24 - - - - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 431 329 716 1,025 - 1,368 1,308 1,392
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.53 x - -117.2 x 5.143 x - 3.088 x 2.561 x 2.28 x
Free Cash Flow 1 -11.7 - - -467 - -99.7 -58.6 124
ROE (net income / shareholders' equity) 15% 10.6% -4.48% 1.82% - 15.8% 16.3% 14.7%
ROA (Net income/ Total Assets) 8.71% - -2.17% 0.78% - 9.1% 10.6% 8.2%
Assets 1 2,435 - 3,321 3,910 - 4,142 4,252 5,461
Book Value Per Share 2 6.980 7.760 7.080 - - 11.50 13.10 14.90
Cash Flow per Share 2 -0.0400 0.8200 -2.660 - - -0.4600 -0.2700 0.5700
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 4/28/20 3/24/21 3/29/22 5/16/23 3/14/24 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
15.27 USD
Average target price
20.77 USD
Spread / Average Target
+36.03%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. BUR Stock
  4. Financials Burford Capital Limited