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Burford Capital

OTCPK:BRFR.Y
Snowflake Description

Exceptional growth potential and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BRFR.Y
OTCPK
£4B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Burford Capital Limited, together with its subsidiaries, provides investment capital, investment management, financing, and risk solutions with a focus on the legal sector. The last earnings update was 204 days ago. More info.


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BRFR.Y Share Price and Events
7 Day Returns
0%
OTCPK:BRFR.Y
-0.4%
US Capital Markets
0.5%
US Market
1 Year Returns
-
OTCPK:BRFR.Y
-8.7%
US Capital Markets
2%
US Market
BRFR.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Burford Capital (BRFR.Y) 0% 0% - - - -
US Capital Markets -0.4% 5.9% -0.2% -8.7% 68.2% 63.1%
US Market 0.5% 6.3% 1.9% 2% 45.1% 40.5%
1 Year Return vs Industry and Market
  • No trading data on BRFR.Y.
  • No trading data on BRFR.Y.
Price Volatility
BRFR.Y
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Burford Capital's competitors could be found in our database.

BRFR.Y Value

 Is Burford Capital 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
Here we compare the current share price of Burford Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Burford Capital.

OTCPK:BRFR.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= $8.19 * 23.3%
$1.91
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. $8.19
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:BRFR.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.742 (1 + (1- 21%) (13.52%))
0.821
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.821 * 7.27%)
8.7%

Discounted Cash Flow Calculation for OTCPK:BRFR.Y using Excess Returns Model Model

The calculations below outline how an intrinsic value for Burford Capital is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:BRFR.Y Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (23.3% – 8.7%) * $8.19)
$1.20
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.20 / (8.7% - 2.73%)
$20.09
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $8.19 + $20.09
$28.28
OTCPK:BRFR.Y Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of AIM:BUR)
0.777
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $28.28 x 0.777
£21.97
Non-primary Listing Adjustment Factor 1 share in OTCPK:BRFR.Y represents 1.10012x of AIM:BUR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.10012x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 21.97 x 1.10012
$24.17
Value per share (USD) From above. $24.17
Current discount Discount to share price of $18.90
= -1 x ($18.90 - $24.17) / $24.17
21.8%

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

Current Discount
Amount off the current price Burford Capital is available for.
Intrinsic value
22%
Share price is $18.9 vs Future cash flow value of $24.17
Current Discount Checks
For Burford Capital to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Burford Capital's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Burford Capital's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Burford Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Burford Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BRFR.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in USD $1.33
AIM:BUR Share Price ** AIM (2018-11-19) in GBP £17.18
AIM:BUR Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.287 $22.11
United States of America Capital Markets Industry PE Ratio Median Figure of 70 Publicly-Listed Capital Markets Companies 19.5x
United States of America Market PE Ratio Median Figure of 3,046 Publicly-Listed Companies 16.95x

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

** Primary Listing of Burford Capital.

OTCPK:BRFR.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:BUR Share Price ÷ EPS (both in USD)

= 22.11 ÷ 1.33

16.62x

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

  • Burford Capital is good value based on earnings compared to the US Capital Markets industry average.
  • Burford Capital is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Burford Capital's expected growth come at a high price?
Raw Data
OTCPK:BRFR.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
22.7%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 35 Publicly-Listed Capital Markets Companies 2.13x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

OTCPK:BRFR.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.62x ÷ 22.7%

0.73x

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

  • Burford Capital is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Burford Capital's assets?
Raw Data
OTCPK:BRFR.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in USD $4.58
AIM:BUR Share Price * AIM (2018-11-19) in GBP £17.18
AIM:BUR Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.287 $22.11
United States of America Capital Markets Industry PB Ratio Median Figure of 134 Publicly-Listed Capital Markets Companies 4.78x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.81x
OTCPK:BRFR.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:BUR Share Price ÷ Book Value per Share (both in USD)

= 22.11 ÷ 4.58

4.83x

* Primary Listing of Burford Capital.

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

  • Burford Capital is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Burford Capital'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Burford Capital has a total score of 4/6, 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.

BRFR.Y Future Performance

 How is Burford Capital expected to perform in the next 1 to 3 years based on estimates from 9 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
22.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Burford Capital expected to grow at an attractive rate?
  • Burford Capital's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Burford Capital's earnings growth is expected to exceed the United States of America market average.
  • Burford Capital's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:BRFR.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:BRFR.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 22.7%
OTCPK:BRFR.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 22.3%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:BRFR.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:BRFR.Y Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 904 610 1
2021-12-31 907 625 2
2020-12-31 600 196 404 9
2019-12-31 455 -29 292 9
2018-12-31 386 -164 261 8
OTCPK:BRFR.Y Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-06-30 374 -79 277
2018-03-31 357 -91 263
2017-12-31 341 -102 249
2017-09-30 301 -29 219
2017-06-30 262 45 189
2017-03-31 213 19 149
2016-12-31 163 -7 108
2016-09-30 152 -43 101
2016-06-30 140 -80 94
2016-03-31 122 -50 79
2015-12-31 104 -20 64
2015-09-30 95 -68 61

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Burford Capital's earnings are expected to grow significantly at over 20% yearly.
  • Burford Capital'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
OTCPK:BRFR.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Burford Capital Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BRFR.Y Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 2.90 2.90 2.90 1.00
2021-12-31 2.90 3.10 2.70 2.00
2020-12-31 1.87 2.62 1.40 6.00
2019-12-31 1.38 1.71 0.90 6.00
2018-12-31 1.28 1.43 1.03 5.00
OTCPK:BRFR.Y Past Financials Data
Date (Data in USD Millions) EPS *
2018-06-30 1.33
2018-03-31 1.26
2017-12-31 1.20
2017-09-30 1.06
2017-06-30 0.92
2017-03-31 0.72
2016-12-31 0.53
2016-09-30 0.49
2016-06-30 0.46
2016-03-31 0.39
2015-12-31 0.32
2015-09-30 0.30

*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.
  • Burford Capital is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Burford Capital'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Burford Capital has a total score of 6/6, 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.

BRFR.Y Past Performance

  How has Burford Capital performed over the past 5 years?

  • Burford Capital's last earnings update was 204 days ago.
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 Burford Capital's growth in the last year to its industry (Capital Markets).
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.
  • Burford Capital has delivered over 20% year on year earnings growth in the past 5 years.
  • Burford Capital's 1-year earnings growth is less than its 5-year average (46.5% vs 54.3%)
  • Burford Capital's earnings growth has not exceeded the US Capital Markets industry average in the past year (46.5% vs 52.7%).
Earnings and Revenue History
Burford Capital'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 Burford Capital Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BRFR.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 373.66 277.08 0.79
2018-03-31 357.32 263.19 2.31
2017-12-31 340.98 249.30 3.84
2017-09-30 301.44 219.21 3.84
2017-06-30 261.91 189.11 3.84
2017-03-31 212.53 148.69 1.92
2016-12-31 163.16 108.27
2016-09-30 151.69 100.92
2016-06-30 140.22 93.56
2016-03-31 122.02 79.02
2015-12-31 103.82 64.47
2015-09-30 94.79 60.70 3.17
2015-06-30 85.76 56.92 6.35
2015-03-31 79.63 51.18 6.35
2014-12-31 73.50 45.44 6.35
2014-09-30 70.73 42.02 6.26
2014-06-30 67.97 38.59 6.16
2014-03-31 64.23 20.59 6.16
2013-12-31 60.49 2.58 6.16
2013-09-30 59.96 -4.69 10.24
2013-06-30 59.44 -11.95 14.32
2013-03-31 56.51 2.72 14.32
2012-12-31 53.58 17.38 14.32
2012-09-30 40.54 15.54 11.70
2012-06-30 27.51 13.70 9.08
2012-03-31 26.24 14.80 9.08

*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.
  • Burford Capital has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Burford Capital used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Burford Capital has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Burford Capital'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 Capital Markets 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.
Burford Capital has a total score of 4/6, 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.

BRFR.Y Health

 How is Burford Capital'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 Burford Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Burford Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Burford Capital's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Burford Capital'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 not covered by short term assets, assets are 0.6x 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 Burford Capital Company Filings, last reported 7 months ago.

OTCPK:BRFR.Y Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 953.73 653.76 291.54
2018-03-31 953.73 653.76 291.54
2017-12-31 798.56 486.93 175.35
2017-09-30 798.56 486.93 175.35
2017-06-30 705.09 468.04 221.92
2017-03-31 705.09 468.04 221.92
2016-12-31 596.16 273.99 169.47
2016-09-30 596.16 273.99 169.47
2016-06-30 492.36 251.26 208.54
2016-03-31 492.36 251.26 208.54
2015-12-31 434.03 131.28 185.62
2015-09-30 434.03 131.28 185.62
2015-06-30 393.64 139.31 222.22
2015-03-31 393.64 139.31 222.22
2014-12-31 382.54 138.07 189.62
2014-09-30 382.54 138.07 189.62
2014-06-30 353.30 0.00 77.34
2014-03-31 353.30 0.00 77.34
2013-12-31 351.51 0.00 83.81
2013-09-30 351.51 0.00 83.81
2013-06-30 322.30 0.00 68.24
2013-03-31 322.30 0.00 68.24
2012-12-31 332.11 0.00 76.35
2012-09-30 332.11 0.00 76.35
2012-06-30 307.91 0.00 73.84
2012-03-31 307.91 0.00 73.84
  • Burford Capital's level of debt (68.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 68.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 9.3x coverage).
X
Financial health checks
We assess Burford Capital'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. Burford Capital has a total score of 2/6, 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.

BRFR.Y Dividends

 What is Burford Capital'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
0.53%
Current annual income from Burford Capital dividends. Estimated to be 0.73% next year.
If you bought $2,000 of Burford Capital shares you are expected to receive $11 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?
  • Burford Capital's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Burford Capital's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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
OTCPK:BRFR.Y 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 9 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:BRFR.Y Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.18 1.00
2021-12-31 0.19 2.00
2020-12-31 0.17 9.00
2019-12-31 0.15 9.00
2018-12-31 0.13 8.00
OTCPK:BRFR.Y Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-19 0.116 0.572
2018-03-19 0.110 0.508
2017-05-16 0.092 0.641
2016-07-27 0.083 1.219
2016-05-17 0.080 1.719
2015-05-01 0.105 3.695
2014-10-13 0.035 1.739
2014-04-01 0.052 2.539
2014-03-31 0.052 2.653
2013-04-11 0.048 2.537
2012-07-31 0.037 2.243
2012-04-04 0.037 2.064
2012-04-03 0.037 1.605
2011-03-23 0.034 1.791

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

  • Burford Capital is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Burford Capital is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Burford Capital's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Burford Capital's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Burford Capital's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Burford Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Burford Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Burford Capital has a total score of 0/6, see the detailed checks below.


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

BRFR.Y Management

 What is the CEO of Burford Capital'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
Christopher Bogart
AGE 53
CEO Bio

Mr. Christopher P. Bogart is a Co-founder of Burford Capital LLC and serves as its Chief Executive Officer. Mr. Bogart serves as the Chief Executive Officer of Burford Capital PLC and Burford Capital Ltd. Mr. Bogart serves as the Chief Executive Officer and Principal of CGIS Group Limited (Burford Group Limited). He founded Churchill Ventures Ltd. and served as its Chief Executive Officer since June 26, 2006. He served as the President and Chief Executive Officer of Time Warner Investments. He served as the Managing Director of Glenavy Capital LLC since June 2003. Mr. Bogart served as an Executive Vice President, General Counsel and Secretary of Historic TW Inc. (alternate name, Time Warner Inc.) and Time Warner Entertainment Company, L.P. since January 2000. He served as Vice President and Deputy General Counsel of Historic TW Inc. from March 1998 and as one of Time Warner Inc.'s principal outside litigation counsel at Cravath, Swaine & Moore prior to that. Mr. Bogart served as President and Chief Executive Officer of Time Warner Cable Ventures; and the President and Chief Executive Officer of Time Warner Entertainment Ventures. He served as an Executive Chairman of Churchill Ventures Ltd. He is a Member of the Advisory Board of Neilsen BuzzMetrics, a subsidiary of VNU NV.Ventures. He served as a Member of the Board of Directors at Churchill Ventures Ltd. since June 26, 2006. Mr. Bogart served as a Member of the Board of Directors at Time Warner Entertainment Company, L.P.

CEO Compensation
  • Insufficient data for Christopher to compare compensation growth.
  • Insufficient data for Christopher to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Burford Capital management team in years:

1.3
Average Tenure
  • The average tenure for the Burford Capital management team is less than 2 years, this suggests a new team.
Management Team

Christopher Bogart

TITLE
Chief Executive Officer
AGE
53

Adam Gerchen

TITLE
President
TENURE
2.2 yrs

Daniel Hall

TITLE
Co-Founder

Elizabeth O'Connell

TITLE
Chief Financial Officer
AGE
52
TENURE
1.2 yrs

Quentin Pak

TITLE
Director of Lead Operations
TENURE
1.3 yrs

Jonathan Molot

TITLE
Chief Investment Officer

Charles Utley

TITLE
Chief Accounting Officer
TENURE
1 yrs

Mark Klein

TITLE
General Counsel
TENURE
1.4 yrs

Annie Duffy

TITLE
Chief Compliance Officer
TENURE
1.2 yrs

Liz Bigham

TITLE
Chief Marketing Officer
Board of Directors

Peter Middleton

TITLE
Chairman
COMPENSATION
$103K
AGE
84

Hugh Wilson

TITLE
Vice Chairman
COMPENSATION
$96K
AGE
70

Charles Kennedy Parkinson

TITLE
Director
COMPENSATION
$58K
AGE
64

David Lowe

TITLE
Director
COMPENSATION
$58K
AGE
82
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Burford Capital'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. Burford Capital 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.

BRFR.Y News

Simply Wall St News

BRFR.Y Company Info

Map
Description

Burford Capital Limited, together with its subsidiaries, provides investment capital, investment management, financing, and risk solutions with a focus on the legal sector. It operates in four segments: Investments, Investment Management, Litigation Insurance, and New Initiatives. The company offers commercial litigation finance, portfolio and complex financing, risk management, international arbitration, insolvency and bankruptcy, competition and antitrust, intellectual property, asset recovery, and post-settlement monetization solutions, as well as legal finance and advisory services. It operates in the United States, the United Kingdom, Australia, Canada, Singapore, the Cayman Islands, the British Virgin Islands, Brazil, Germany, Singapore, Hong Kong, and internationally. The company was founded in 2009 and is based in St Peter Port, Guernsey.

Details
Name: Burford Capital Limited
BRFR.Y
Exchange: OTCPK
Founded: 2009
£4,835,369,160
218,649,877
Website: http://www.burfordcapital.com
Address: Burford Capital Limited
Regency Court,
Glategny Esplanade,
St Peter Port,
GY1 1WW,
Guernsey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM BUR Ordinary Shares London Stock Exchange AIM Market GB GBP 21. Oct 2009
OTCPK BRFR.F Ordinary Shares Pink Sheets LLC US USD 21. Oct 2009
DB 9BF Ordinary Shares Deutsche Boerse AG DE EUR 21. Oct 2009
OTCPK BRFR.Y UNSPONSORED ADR Pink Sheets LLC US USD 01. Nov 2017
Number of employees
Current staff
Staff numbers
0
Burford Capital employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/14 01:19
End of day share price update: 2018/11/19 00:00
Last estimates confirmation: 2019/02/13
Last earnings filing: 2018/07/25
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.