ASX:IMF

Stock Analysis Report

Executive Summary

IMF Bentham Limited engages in investing in litigation funding in Australia, the United States, Canada, Asia, Europe, the Middle East, and Africa.

Snowflake

Fundamentals

High growth potential with worrying balance sheet.


Similar Companies

Share Price & News

How has IMF Bentham's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.3%

IMF

-2.7%

AU Diversified Financial

1.0%

AU Market


1 Year Return

25.6%

IMF

-39.8%

AU Diversified Financial

11.7%

AU Market

Return vs Industry: IMF exceeded the Australian Diversified Financial industry which returned -39.8% over the past year.

Return vs Market: IMF exceeded the Australian Market which returned 11.7% over the past year.


Shareholder returns

IMFIndustryMarket
7 Day-0.3%-2.7%1.0%
30 Day20.4%-7.1%-0.2%
90 Day19.6%-4.1%0.3%
1 Year25.6%25.6%-38.8%-39.8%18.1%11.7%
3 Year121.0%110.6%-56.9%-61.9%37.4%19.0%
5 Year126.1%95.3%-52.3%-61.6%51.7%17.6%

Price Volatility Vs. Market

How volatile is IMF Bentham's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is IMF Bentham undervalued compared to its fair value and its price relative to the market?

3.53x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate IMF's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate IMF's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: IMF is unprofitable, so we can't compare its PE Ratio to the Diversified Financial industry average.

PE vs Market: IMF is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate IMF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IMF is overvalued based on its PB Ratio (3.5x) compared to the AU Diversified Financial industry average (2.1x).


Next Steps

Future Growth

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

66.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IMF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: IMF is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: IMF's loss is forecast to worsen by 0% next year.

Revenue vs Market: IMF's revenue (54.1% per year) is forecast to grow faster than the Australian market (3.5% per year).

High Growth Revenue: IMF's revenue (54.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: IMF's Return on Equity is forecast to be low in 3 years time (6%).


Next Steps

Past Performance

How has IMF Bentham performed over the past 5 years?

-48.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IMF is unprofitable, and losses have increased over the past 5 years at a rate of -48.4% per year.

Accelerating Growth: Unable to compare IMF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IMF is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (6.9%).


Return on Equity

High ROE: IMF has a negative Return on Equity (-7.01%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: IMF is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: IMF is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is IMF Bentham's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: IMF has a low level of unsold assets or inventory.

Debt Coverage by Assets: IMF's debt is covered by short term assets (assets are 1.717570x debt).


Financial Institutions Analysis

Asset Level: IMF's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if IMF has a sufficient allowance for bad loans.

Low Risk Liabilities: IMF reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if IMF has an acceptable proportion of non-loan assets held.

Low Risk Deposits: IMF has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if IMF has an appropriate level of bad loans.


Next Steps

Dividend

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

2.29%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%2.5%markettop25%5.6%industryaverage3.3%forecastin3Years2.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate IMF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate IMF's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if IMF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IMF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: IMF is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IMF's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Andrew Saker 0

4.8yrs

Tenure

AU$1,949,643

Compensation

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 assig ...


CEO Compensation Analysis

Compensation vs. Market: Andrew's total compensation ($USD1.32M) is about average for companies of similar size in the Australian market ($USD737.74K).

Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.3yrs

Average Tenure

Experienced Management: IMF's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

4.5yrs

Average Tenure

61yo

Average Age

Experienced Board: IMF's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

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Ownership Breakdown


Management Team

  • Hugh McLernon

    Executive Director

    • Tenure: 17.8yrs
    • Compensation: AU$1.75m
  • Clive Bowman

    Global Chief Investment Officer

    • Tenure: 0.3yrs
    • Compensation: AU$1.35m
  • Stuart Mitchell

    Chief Financial Officer

    • Tenure: 0.9yrs
    • Compensation: AU$461.99k
  • Jeremy Sambrook (41yo)

    General Counsel & Company Secretary

    • Tenure: 3.8yrs
    • Compensation: AU$577.99k
  • Tania Sulan

    Chief Investment Officer of Australia

    • Tenure: 0yrs
  • Andrew Saker

    MD, CEO & Director

    • Tenure: 4.8yrs
    • Compensation: AU$1.95m
  • Oliver Gayner

    Head of EMEA Office & Investment Manager

    • Tenure: 1.8yrs
  • Gretchen Koehler

    Chief Marketing Officer - US

    • Tenure: 0yrs
  • Christopher Young

    Chief Compliance Officer

    • Tenure: 0yrs
  • Tina Young

    Chief of Staff - US

    • Tenure: 0.8yrs

Board Members

  • Michael Bowen (63yo)

    Non-Executive Director

    • Tenure: 17.8yrs
    • Compensation: AU$100.00k
  • Hugh McLernon

    Executive Director

    • Tenure: 17.8yrs
    • Compensation: AU$1.75m
  • Christine Feldmanis (56yo)

    Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: AU$62.32k
  • Michael Graham Kay (61yo)

    Non-Executive Chairman

    • Tenure: 4.3yrs
    • Compensation: AU$225.00k
  • Karen Phin

    Non-Executive Director

    • Tenure: 2.2yrs
    • Compensation: AU$100.00k
  • Andrew Saker

    MD, CEO & Director

    • Tenure: 4.8yrs
    • Compensation: AU$1.95m

Company Information

IMF Bentham Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IMF Bentham Limited
  • Ticker: IMF
  • Exchange: ASX
  • Founded: 2017
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: AU$773.421m
  • Shares outstanding: 204.61m
  • Website: https://www.imf.com.au

Number of Employees


Location

  • IMF Bentham Limited
  • 68 Pitt Street
  • Level 18
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IMFASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2001
MXG1DB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2001
IMFCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2001

Biography

IMF Bentham Limited engages in investing in litigation funding in Australia, the United States, Canada, Asia, Europe, the Middle East, and Africa. Its practice areas include commercial litigation, finance  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 10:32
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.