Burford Capital Limited

DB:9BFA Stock Report

Market Cap: €2.7b

Burford Capital Valuation

Is 9BFA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 9BFA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9BFA (€12.34) is trading below our estimate of fair value (€17.6)

Significantly Below Fair Value: 9BFA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9BFA?

Key metric: As 9BFA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9BFA. This is calculated by dividing 9BFA's market cap by their current earnings.
What is 9BFA's PE Ratio?
PE Ratio10.9x
EarningsUS$259.55m
Market CapUS$2.83b

Price to Earnings Ratio vs Peers

How does 9BFA's PE Ratio compare to its peers?

The above table shows the PE ratio for 9BFA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.6x
GLJ Grenke
9.1x25.2%€678.6m
ALG ALBIS Leasing
12.6x9.9%€56.0m
DFTK DF Deutsche Forfait
14.8xn/a€17.6m
KLNMA Türkiye Kalkinma ve Yatirim Bankasi
13.8xn/a₺75.7b
9BFA Burford Capital
10.9x24.6%€2.3b

Price-To-Earnings vs Peers: 9BFA is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (12.6x).

Price to Earnings Ratio vs Industry

How does 9BFA's PE Ratio compare vs other companies in the European Diversified Financial Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
9BFA 10.9xIndustry Avg. 12.6xNo. of Companies13PE01020304050+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9BFA is good value based on its Price-To-Earnings Ratio (10.9x) compared to the European Diversified Financial industry average (11.2x).

Price to Earnings Ratio vs Fair Ratio

What is 9BFA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9BFA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.9x
Fair PE Ratio19.5x

Price-To-Earnings vs Fair Ratio: 9BFA is good value based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (19.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 9BFA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€12.34
€20.89
+69.3%
5.4%€22.02€19.76n/a2
Dec ’25€12.45
€20.89
+67.8%
5.4%€22.02€19.76n/a2
Nov ’25€12.18
€20.00
+64.2%
6.4%€21.29€18.71n/a2
Oct ’25€11.77
€20.00
+69.9%
6.4%€21.29€18.71n/a2
Sep ’25€11.98
€20.00
+67.0%
6.4%€21.29€18.71n/a2
Aug ’25€12.85
€20.25
+57.6%
6.8%€21.62€18.88n/a2
Jul ’25€12.02
€20.25
+68.5%
6.8%€21.62€18.88n/a2
Jun ’25€12.93
€19.10
+47.7%
8.7%€21.33€17.35n/a3
May ’25€14.40
€19.47
+35.2%
9.1%€21.79€17.48n/a3
Apr ’25€14.48
€19.19
+32.6%
8.2%€21.32€17.55n/a3
Mar ’25€13.86
€18.62
+34.4%
9.8%€21.08€16.68n/a3
Feb ’25€14.08
€18.62
+32.3%
9.8%€21.08€16.68n/a3
Jan ’25€14.20
€18.74
+32.0%
9.6%€21.16€16.82n/a3
Dec ’24€12.60
€18.74
+48.8%
9.6%€21.16€16.82€12.453
Nov ’24€11.62
€19.04
+63.9%
7.1%€20.84€17.55€12.183
Oct ’24€12.98
€19.90
+53.3%
10.0%€22.47€17.42€11.774
Sep ’24€12.70
€18.12
+42.7%
16.8%€21.49€14.33€11.984
Aug ’24€12.12
€16.79
+38.5%
15.6%€21.11€14.07€12.854
Jul ’24€10.90
€16.73
+53.5%
16.2%€21.21€13.90€12.024
Jun ’24€12.46
€17.81
+43.0%
13.0%€21.09€16.11€12.933
May ’24€11.56
€15.18
+31.3%
4.0%€15.63€14.33€14.403
Apr ’24€6.50
€13.92
+114.1%
13.5%€15.63€11.31€14.483
Mar ’24€7.60
€12.65
+66.5%
25.8%€16.15€7.84€13.864
Feb ’24€8.40
€12.65
+50.6%
25.8%€16.15€7.84€14.084
Jan ’24€7.45
€12.65
+69.9%
25.8%€16.15€7.84€14.204
Dec ’23€8.50
€12.65
+48.9%
25.8%€16.15€7.84€12.604

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 02:01
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Burford Capital Limited is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander BowersBerenberg
Robert ChantryBerenberg
Matthew HowlettB. Riley Securities, Inc.