(BUR) Burford Capital - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 1.019m USD | Total Return: -65% in 12m
Avg Turnover: 14.7M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Burford Capital Limited is a specialized finance firm providing capital solutions to the global legal industry. The company operates primarily through two segments: Principal Finance, which offers direct funding for litigation and arbitration matters, and Asset Management, which manages legal finance assets for third-party investors. Its business model involves providing non-recourse capital to law firms and corporations, where repayment is typically contingent upon the successful outcome of the underlying legal claims.
The legal finance sector functions as an alternative asset class that is generally uncorrelated with broader equity markets, as returns are driven by judicial rulings rather than economic cycles. Burford utilizes its internal legal expertise to underwrite complex risks across various jurisdictions, including post-judgment enforcement and risk management services. Investors can further analyze these specialized financial metrics on ValueRay. This Guernsey-based company remains a dominant player in the institutionalization of litigation funding.
- Realized gains from high-value litigation settlements drive core principal finance revenue
- Asset management fee growth depends on third-party capital commitments and deployment
- Interest rate fluctuations impact financing costs and discount rates for legal assets
- Timing of court rulings creates significant quarterly earnings and cash flow volatility
- Regulatory shifts in third-party litigation funding affect global market expansion opportunities
| Net Income: 62.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA -4.80 > 1.0 |
| NWC/Revenue: 83.93% < 20% (prev 157.6%; Δ -73.66% < -1%) |
| CFO/TA -0.00 > 3% & CFO -29.0m > Net Income 62.6m |
| Net Debt (1.50b) to EBITDA (84.0m): 17.83 < 3 |
| Current Ratio: 1.78 > 1.5 & < 3 |
| Outstanding Shares: last quarter (218.9m) vs 12m ago -1.94% < -2% |
| Gross Margin: 56.69% > 18% (prev 0.69%; Δ 5.60k% > 0.5%) |
| Asset Turnover: 5.34% > 50% (prev 6.87%; Δ -1.53% > 0%) |
| Interest Coverage Ratio: 0.57 > 6 (EBITDA TTM 84.0m / Interest Expense TTM 148.3m) |
| A: 0.04 (Total Current Assets 655.9m - Total Current Liabilities 368.5m) / Total Assets 6.64b |
| B: 0.27 (Retained Earnings 1.80b / Total Assets 6.64b) |
| C: 0.01 (EBIT TTM 84.0m / Avg Total Assets 6.41b) |
| D: 0.69 (Book Value of Equity 2.42b / Total Liabilities 3.51b) |
| Altman-Z'' = 1.98 = BBB |
| DSRI: 1.15 (Receivables 186.9m/201.0m, Revenue 342.4m/424.5m) |
| GMI: 1.22 (GM 56.69% / 69.41%) |
| AQI: 1.01 (AQ_t 0.90 / AQ_t-1 0.89) |
| SGI: 0.81 (Revenue 342.4m / 424.5m) |
| TATA: 0.01 (NI 62.6m - CFO -29.0m) / TA 6.64b) |
| Beneish M = -2.81 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 4.70 with a total of 2,825,130 shares traded.
Over the past week, the price has changed by -2.58%,
over one month by +1.12%,
over three months by -50.76% and
over the past year by -65.03%.
Burford Capital has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy BUR.
- StrongBuy: 5
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 8.7 | 84.5% |
P/S = 2.939
P/B = 0.4596
Revenue TTM = 342.4m USD
EBIT TTM = 84.0m USD
EBITDA TTM = 84.0m USD
Long Term Debt = 1.93b USD (estimated: total debt 2.15b - short term 222.0m)
Short Term Debt = 222.0m USD (from shortTermDebt, last quarter)
Debt = 2.15b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.50b USD (calculated: Debt 2.15b - CCE 655.9m)
Enterprise Value = 2.52b USD (1.02b + Debt 2.15b - CCE 655.9m)
Interest Coverage Ratio = 0.57 (Ebit TTM 84.0m / Interest Expense TTM 148.3m)
EV/FCF = -85.92x (Enterprise Value 2.52b / FCF TTM -29.3m)
FCF Yield = -1.16% (FCF TTM -29.3m / Enterprise Value 2.52b)
FCF Margin = -8.56% (FCF TTM -29.3m / Revenue TTM 342.4m)
Net Margin = 18.27% (Net Income TTM 62.6m / Revenue TTM 342.4m)
Gross Margin = 56.69% ((Revenue TTM 342.4m - Cost of Revenue TTM 148.3m) / Revenue TTM)
Gross Margin QoQ = none% (prev 24.58%)
Tobins Q-Ratio = 0.38 (Enterprise Value 2.52b / Total Assets 6.64b)
Interest Expense / Debt = 6.88% (Interest Expense 148.3m / Debt 2.15b)
Taxrate = 14.09% (11.8m / 84.0m)
NOPAT = 72.2m (EBIT 84.0m * (1 - 14.09%))
Current Ratio = 1.78 (Total Current Assets 655.9m / Total Current Liabilities 368.5m)
Debt / Equity = 0.88 (Debt 2.15b / totalStockholderEquity, last quarter 2.45b)
Debt / EBITDA = 17.83 (Net Debt 1.50b / EBITDA 84.0m)
Debt / FCF = -51.15 (negative FCF - burning cash) (Net Debt 1.50b / FCF TTM -29.3m)
Total Stockholder Equity = 2.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.98% (Net Income 62.6m / Total Assets 6.64b)
RoE = 2.53% (Net Income TTM 62.6m / Total Stockholder Equity 2.47b)
RoCE = 1.91% (EBIT 84.0m / Capital Employed (Equity 2.47b + L.T.Debt 1.93b))
RoIC = 1.11% (NOPAT 72.2m / Invested Capital 6.49b)
WACC = 7.15% (E(1.02b)/V(3.17b) * Re(9.78%) + D(2.15b)/V(3.17b) * Rd(6.88%) * (1-Tc(0.14)))
Discount Rate = 9.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -42.22 | Cagr: -1.02%
[DCF] Fair Price = unknown (Cash Flow -29.3m)
EPS Correlation: -63.82 | EPS CAGR: -34.86% | SUE: -1.56 | # QB: -2
Revenue Correlation: -38.49 | Revenue CAGR: -11.62% | SUE: -1.06 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.18 | Chg30d=+3.45% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.20 | Chg30d=+10.99% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=-5.74 | Chg30d=-263.10% | Revisions=-33% | GrowthEPS=-2150.1% | GrowthRev=-424.8%
EPS next Year (2027-12-31): EPS=0.72 | Chg30d=-27.62% | Revisions=-33% | GrowthEPS=+112.6% | GrowthRev=+138.6%
[Analyst] Revisions Ratio: -33%