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IMF Bentham

ASX:IMF
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IMF
ASX
A$550M
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

IMF Bentham Limited investigates, manages, and funds litigation claims in Australia, the United States, Canada, Asia, and Europe. The last earnings update was 25 days ago. More info.


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IMF Share Price and Events
7 Day Returns
-8.1%
ASX:IMF
-0.8%
AU Diversified Financial
-0.4%
AU Market
1 Year Returns
10.1%
ASX:IMF
-50.4%
AU Diversified Financial
2.1%
AU Market
IMF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IMF Bentham (IMF) -8.1% -17.6% -3.5% 10.1% 107.6% 54.5%
AU Diversified Financial -0.8% 2.3% -2.8% -50.4% -53.7% -48.7%
AU Market -0.4% 1.4% 8.5% 2.1% 18% 5.2%
1 Year Return vs Industry and Market
  • IMF outperformed the Diversified Financial industry which returned -50.4% over the past year.
  • IMF outperformed the Market in Australia which returned 2.1% over the past year.
Price Volatility
IMF
Industry
5yr Volatility vs Market

IMF Value

 Is IMF Bentham undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for IMF Bentham. This is due to cash flow or dividend data being unavailable. The share price is A$2.72.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IMF Bentham's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IMF Bentham's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:IMF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.10
ASX:IMF Share Price ** ASX (2019-03-18) in AUD A$2.72
Australia Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 15.5x
Australia Market PE Ratio Median Figure of 543 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IMF Bentham.

ASX:IMF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:IMF Share Price ÷ EPS (both in AUD)

= 2.72 ÷ -0.10

-28.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IMF Bentham is loss making, we can't compare its value to the AU Diversified Financial industry average.
  • IMF Bentham is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does IMF Bentham's expected growth come at a high price?
Raw Data
ASX:IMF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -28.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
71.2%per year
Global Diversified Financial Industry PEG Ratio Median Figure of 43 Publicly-Listed Diversified Financial Companies 1.01x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for IMF Bentham, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IMF Bentham's assets?
Raw Data
ASX:IMF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$1.26
ASX:IMF Share Price * ASX (2019-03-18) in AUD A$2.72
Australia Diversified Financial Industry PB Ratio Median Figure of 12 Publicly-Listed Diversified Financial Companies 1.31x
Australia Market PB Ratio Median Figure of 1,670 Publicly-Listed Companies 1.67x
ASX:IMF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:IMF Share Price ÷ Book Value per Share (both in AUD)

= 2.72 ÷ 1.26

2.16x

* Primary Listing of IMF Bentham.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IMF Bentham is overvalued based on assets compared to the AU Diversified Financial industry average.
X
Value checks
We assess IMF Bentham's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. IMF Bentham has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IMF Future Performance

 How is IMF Bentham expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
71.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IMF Bentham expected to grow at an attractive rate?
  • IMF Bentham's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • IMF Bentham's earnings growth is expected to exceed the Australia market average.
  • IMF Bentham's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:IMF Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:IMF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 71.2%
ASX:IMF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 43.2%
Australia Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 43.3%
Australia Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average -86%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:IMF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:IMF Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 159 -87 44 2
2020-06-30 175 -87 32 3
2019-06-30 97 -55 25 2
ASX:IMF Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 21 -43 -17
2018-09-30 25 -53 -14
2018-06-30 30 -64 -11
2018-03-31 37 -62 -7
2017-12-31 45 -59 -3
2017-09-30 55 -55 6
2017-06-30 65 -51 15
2016-12-31 114 -48 34
2016-09-30 97 -41 28
2016-06-30 81 -35 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IMF Bentham's earnings are expected to grow significantly at over 20% yearly.
  • IMF Bentham's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:IMF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from IMF Bentham Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:IMF Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.22 0.22 0.22 1.00
2020-06-30 0.15 0.25 0.06 2.00
2019-06-30 0.13 0.13 0.13 1.00
ASX:IMF Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.10
2018-09-30 -0.08
2018-06-30 -0.06
2018-03-31 -0.04
2017-12-31 -0.02
2017-09-30 0.04
2017-06-30 0.09
2016-12-31 0.20
2016-09-30 0.16
2016-06-30 0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • IMF Bentham is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess IMF Bentham's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IMF Bentham has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IMF Past Performance

  How has IMF Bentham performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IMF Bentham's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • IMF Bentham does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare IMF Bentham's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare IMF Bentham's 1-year growth to the AU Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
IMF Bentham's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IMF Bentham Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:IMF Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 20.76 -17.32 9.13
2018-09-30 25.33 -14.17 8.17
2018-06-30 29.91 -11.02 7.21
2018-03-31 37.24 -6.98 7.55
2017-12-31 45.11 -2.94 7.88
2017-09-30 55.19 6.25 8.26
2017-06-30 65.27 15.44 8.65
2016-12-31 113.78 34.39 7.42
2016-09-30 97.26 27.58 7.31
2016-06-30 80.73 20.76 7.21
2015-12-31 8.90 -14.07 6.19
2015-09-30 32.60 -2.75 4.87
2015-06-30 56.31 8.58 3.55
2015-03-31 64.57 15.03 3.16
2014-12-31 72.83 23.75 2.77
2014-09-30 60.37 16.81 2.75
2014-06-30 47.90 9.87 2.73
2014-03-31 42.31 13.60 2.42
2013-12-31 36.73 17.34 2.12
2013-09-30 32.42 15.58 1.88
2013-06-30 28.10 13.81 1.65
2013-03-31 47.19 25.22 2.03
2012-12-31 66.27 36.63 2.40
2012-09-30 71.23 39.80 2.69
2012-06-30 76.19 42.97 2.97
2012-03-31 57.82 31.33 2.81

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if IMF Bentham has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if IMF Bentham has efficiently used its assets last year compared to the AU Diversified Financial industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if IMF Bentham improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess IMF Bentham's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IMF Bentham has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IMF Health

 How is IMF Bentham's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up IMF Bentham's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IMF Bentham is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IMF Bentham's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IMF Bentham's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IMF Bentham Company Filings, last reported 2 months ago.

ASX:IMF Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 460.44 143.01 233.33
2018-09-30 460.44 143.01 233.33
2018-06-30 367.84 120.46 160.23
2018-03-31 367.84 120.46 160.23
2017-12-31 224.79 119.97 132.24
2017-09-30 224.79 119.97 132.24
2017-06-30 206.25 119.47 144.89
2016-12-31 207.63 79.87 166.14
2016-09-30 207.63 79.87 166.14
2016-06-30 201.39 79.50 142.53
2015-12-31 179.08 48.43 93.61
2015-09-30 179.08 48.43 93.61
2015-06-30 185.90 48.21 130.11
2015-03-31 185.90 48.21 130.11
2014-12-31 208.65 47.98 134.40
2014-09-30 208.65 47.98 134.40
2014-06-30 191.13 47.76 105.58
2014-03-31 191.13 47.76 105.58
2013-12-31 196.94 0.00 85.82
2013-09-30 196.94 0.00 85.82
2013-06-30 125.50 36.32 67.98
2013-03-31 125.50 36.32 67.98
2012-12-31 117.29 35.64 70.91
2012-09-30 117.29 35.64 70.91
2012-06-30 111.72 34.95 62.42
2012-03-31 111.72 34.95 62.42
  • IMF Bentham's level of debt (31.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.3% vs 31.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • IMF Bentham is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess IMF Bentham's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IMF Bentham has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IMF Dividends

 What is IMF Bentham's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from IMF Bentham dividends. Estimated to be 2.39% next year.
If you bought A$2,000 of IMF Bentham shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate IMF Bentham's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IMF Bentham's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:IMF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Australia Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 418 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:IMF Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.09 2.00
2020-06-30 0.07 3.00
2019-06-30 0.04 3.00
ASX:IMF Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-21 0.000 0.000
2018-08-22 0.000 0.000
2018-02-22 0.070 2.630
2017-08-24 0.070 2.871
2017-02-23 0.060 3.152
2016-08-23 0.075 4.231
2016-02-24 0.000 0.000
2015-08-19 0.100 7.562
2015-02-09 0.100 5.193
2014-08-20 0.100 4.815
2014-02-10 0.100 5.329
2013-08-21 0.050 2.757
2012-08-22 0.100 5.858
2012-02-23 0.000 0.000
2011-08-24 0.100 7.183
2011-02-22 0.200 12.670
2010-08-24 0.000 0.000
2010-02-01 0.150 9.902
2009-08-26 0.200 11.801
2009-03-19 0.200 13.303

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as IMF Bentham has not reported any payouts.
  • Unable to verify if IMF Bentham's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of IMF Bentham's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as IMF Bentham has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
X
Income/ dividend checks
We assess IMF Bentham's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IMF Bentham afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IMF Bentham has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IMF Management

 What is the CEO of IMF Bentham's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Saker
COMPENSATION A$1,809,574
TENURE AS CEO 4.2 years
CEO Bio

Mr. Andrew Saker has been the Chief Executive Officer and Managing Director of IMF Bentham Limited since January 5, 2015. Mr. Saker began his career at Ferrier Hodgson Perth in 1988. One of his first assignments was the Scheme of Arrangement for Bond Corporation. In 1994, he was seconded to the then affiliate office of Ferrier Hodgson in New York, Kahn Consulting Inc. During his time in the US, he worked on several large assignments, including: Bank of Tokyo Trust - investigation into alleged collusion between bank staff and borrowers Ames Department Store - claims administration under Chapter XI Pic `n Save - operational restructuring assignment for retailer based in Georgia and Florida. He commenced as a manager of the Perth office in 1995 and led the Bell litigation on behalf of Bell Group NV. He entered into partnership in the Perth practice in 1998. In March 1999, he opened the Indonesian office of Ferrier Hodgson. From 1999 to 2004, Mr. Saker managed the Indonesian office of Ferrier Hodgson, during which time the staff grew from 1 to 16 staff. He was engaged by various European export credit agencies (ECAs) to assist with restructuring assignments in other jurisdictions, including the Philippines and Argentina. In this assignment he was advising the ECAs from Europe and Canada. Since 2004, he has resumed his position as a partner of the Perth practice of Ferrier Hodgson, also with a focus on international corporate restructuring and recovery. He was advising a group of 22 ECAs from Europe, Asia and North America. Andrew led negotiations on behalf of the ECAs in London during 2010. In Australia, he has also been involved with several large and complex formal insolvency assignments including Sons of Gwalia (SOG), Great Southern and Forge. In SOG, Mr. Saker oversaw a litigation budget of over $16 million in the prosecution of various claims against the directors and auditors. In Great Southern, as a defendant, he has responded to various class actions in Victorian and Western Australian Supreme Courts. He has been a Director at IMF Bentham Limited since January 5, 2015. He holds Bachelor of Commerce in Accounting and Finance (1991); Associate Member of the Institute of Chartered Accountants in Australia (1992); Registered Company Liquidator (1995); Official Liquidator of the Supreme & Federal Courts (1998) and IPAA Advanced Insolvency USQ (1996/97).

CEO Compensation
  • Andrew's compensation has increased whilst company is loss making.
  • Andrew's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the IMF Bentham management team in years:

2.2
Average Tenure
  • The tenure for the IMF Bentham management team is about average.
Management Team

Andrew Saker

TITLE
MD, CEO & Director
COMPENSATION
A$2M
TENURE
4.2 yrs

Hugh McLernon

TITLE
Executive Director
COMPENSATION
A$2M

Clive Bowman

TITLE
Chief Executive of Australia & Asia
COMPENSATION
A$1M
TENURE
4.2 yrs

Charlie Gollow

TITLE
Chief Executive of USA
COMPENSATION
A$900K

Stuart Mitchell

TITLE
Chief Financial Officer
TENURE
0.3 yrs

Jeremy Sambrook

TITLE
General Counsel & Company Secretary
AGE
40
TENURE
3.2 yrs

Christopher Young

TITLE
Chief Compliance Officer

Tina Young

TITLE
Chief of Staff - US
TENURE
0.2 yrs

Tania Sulan

TITLE
Chief Investment Officer - Canada

Oliver Gayner

TITLE
Head of EMEA Office & Investment Manager
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the IMF Bentham board of directors in years:

3.9
Average Tenure
60
Average Age
  • The tenure for the IMF Bentham board of directors is about average.
Board of Directors

Michael Graham Kay

TITLE
Non-Executive Chairman
COMPENSATION
A$225K
AGE
60
TENURE
3.7 yrs

Andrew Saker

TITLE
MD, CEO & Director
COMPENSATION
A$2M
TENURE
4.2 yrs

Hugh McLernon

TITLE
Executive Director
COMPENSATION
A$2M
TENURE
17.3 yrs

Michael Bowen

TITLE
Non-Executive Director
COMPENSATION
A$90K
AGE
62
TENURE
17.3 yrs

Karen Phin

TITLE
Non-Executive Director
COMPENSATION
A$73K
TENURE
1.6 yrs

Christine Feldmanis

TITLE
Non-Executive Director
AGE
55
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
06. Mar 19 Sell AustralianSuper Pty Ltd Company 17. Dec 18 25. Feb 19 -755,992 A$3.27 A$-2,473,140
06. Mar 19 Buy AustralianSuper Pty Ltd Company 24. Dec 18 25. Feb 19 217,894 A$3.25 A$708,495
14. Jan 19 Sell UBS Asset Management Company 03. Dec 18 10. Jan 19 -587,167 A$2.91 A$-1,710,669
14. Jan 19 Buy UBS Asset Management Company 03. Dec 18 10. Jan 19 531,441 A$2.92 A$1,552,955
04. Dec 18 Sell UBS Asset Management Company 19. Sep 18 11. Oct 18 -20,960 A$3.15 A$-66,056
02. Nov 18 Sell Perpetual Limited Company 28. Sep 18 19. Oct 18 -1,150,000 A$3.10 A$-3,560,064
02. Nov 18 Buy Perpetual Limited Company 31. May 18 31. Aug 18 1,424,847 A$2.91 A$3,907,042
09. Sep 18 Sell Hugh McLernon Individual 04. Sep 18 07. Sep 18 -200,000 A$2.68 A$-533,044
30. Apr 18 Buy Kabouter Management L.L.C. Company 09. Jun 17 27. Mar 18 1,573,067 A$2.25 A$3,217,297
20. Apr 18 Buy Perpetual Limited Company 09. Feb 18 18. Apr 18 4,858,096 A$2.95 A$11,571,394
X
Management checks
We assess IMF Bentham's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IMF Bentham has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IMF News

Simply Wall St News

What Kind Of Shareholders Own IMF Bentham Limited (ASX:IMF)?

The big shareholder groups in IMF Bentham Limited (ASX:IMF) have power over the company. … With a market capitalization of AU$632m, IMF Bentham is a small cap stock, so it might not be well known by many institutional investors. … Our analysis of the ownership of the company, below, shows that.

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How Much Are IMF Bentham Limited (ASX:IMF) Insiders Taking Off The Table?

So we'll take a look at whether insiders have been buying or selling shares in IMF Bentham Limited (ASX:IMF). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that an insider was selling shares at slightly below the current price (AU$2.96).

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Does IMF Bentham Limited (ASX:IMF) Go Up With The Market?

Broadly speaking, there are two types of risk you should consider when investing in stocks such as IMF. … The second risk is market-wide, which arises from investing in the stock market. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one.

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Is IMF Bentham Limited (ASX:IMF) An Attractive Dividend Stock?

See our latest analysis for IMF Bentham 5 checks you should do on a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is their annual yield among the top 25% of dividend payers? … Investors have seen reductions in the dividend per share in the past, although, it has picked up again. … Given that this is purely a dividend analysis, you should always research extensively before deciding whether or not a stock is an appropriate investment for you.

Simply Wall St -

Should You Follow This Trend For IMF Bentham Limited (ASX:IMF)?

IMF Bentham's insiders have invested more than 6 million shares in the small-cap stocks within the past three months. … Probing further into annual growth rates,IMF Bentham is expected to experience a sizeable revenue growth over the next year, which If insiders anticipate an improvement in earnings, they may ramp up their shares now before the market has incorporate the full growth potential into the share price. … Next Steps: IMF Bentham’s insider meaningful buying activity tells us the shares are currently in favour, which is coherent with the positive growth in expected earnings, as well as the relatively large share price volatility over the same period of trade.

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Does IMF Bentham Limited's (ASX:IMF) Past Performance Indicate A Weaker Future?

After reading IMF Bentham Limited's (ASX:IMF) most recent earnings announcement (31 December 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … Check out our latest analysis for IMF Bentham Commentary On IMF's Past Performance To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … Scanning growth from a sector-level, the Australian diversified financial industry has been relatively flat in terms of earnings growth over the past few years.

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Have Investors Already Priced In IMF Bentham Limited's (ASX:IMF) Growth?

IMF Bentham Limited (ASX:IMF), a diversified financial company based in Australia, saw a significant share price rise of over 20% in the past couple of months on the ASX. … The stock’s ratio of 2.52x is currently trading slightly above its industry peers’ ratio of 2.12x, which means if you buy IMF Bentham today, you’d be paying a relatively fair price for it. … And if you believe that IMF Bentham should be trading at this level in the long run, there’s only an insignificant downside when the price falls to its real value.

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January Top Growth Stocks To Invest In

IMF’s forecasted bottom line growth is an optimistic 39.60%, driven by the underlying strong triple-digit sales growth rate over the next few years. … ASX:IMF Future Profit Jan 26th 18 Pinnacle Investment Management Group Limited (ASX:PNI) Pinnacle Investment Management Group Limited operates as an investment management company in Australia. … PNI’s forecasted bottom line growth is an optimistic double-digit 32.62%, driven by the underlying double-digit sales growth of 47.54% over the next few years.

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IMF Bentham Limited's (ASX:IMF) Earnings Declined -26.4%, But How Did It Fare Against The Industry?

Below, I will examine IMF Bentham Limited's (ASX:IMF) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … View our latest analysis for IMF Bentham Did IMF perform worse than its track record and industry? … IMF Bentham's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

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High Growth Stocks To Profit From

IMF’s projected future profit growth is an exceptional triple-digit, with an underlying triple-digit growth from its revenues expected over the upcoming years. … ASX:IMF Future Profit Dec 26th 17 Pinnacle Investment Management Group Limited (ASX:PNI) Pinnacle Investment Management Group Limited operates as an investment management company in Australia. … PNI’s projected future profit growth is an exceptional triple-digit, with an underlying 47.54% growth from its revenues expected over the upcoming years.

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IMF Company Info

Description

IMF Bentham Limited investigates, manages, and funds litigation claims in Australia, the United States, Canada, Asia, and Europe. Its practice areas include commercial litigation, funding for insolvency, class actions, and arbitration. IMF Bentham Limited offers services, such as funding for litigations; factual investigations preliminary to litigations; appeal funding; payment of adverse costs orders; strategic planning, monitoring, and managing of litigation; and assistance in facilitating settlements and maximizing the value of claim. The company was formerly known as Bentham IMF Limited and changed its name to IMF Bentham Limited in November 2014. IMF Bentham Limited was incorporated in 2017 and is based in Sydney, Australia.

Details
Name: IMF Bentham Limited
IMF
Exchange: ASX
Founded: 2017
A$550,398,210
204,609,000
Website: http://www.imf.com.au
Address: IMF Bentham Limited
68 Pitt Street,
Level 18,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX IMF Ordinary Shares Australian Securities Exchange AU AUD 22. Oct 2001
DB MXG1 Ordinary Shares Deutsche Boerse AG DE EUR 22. Oct 2001
CHIA IMF Ordinary Shares Chi-X Australia AU AUD 22. Oct 2001
Number of employees
Current staff
Staff numbers
73
IMF Bentham employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 10:32
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/02/25
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.