Saturday 17 October 2026
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Burford Capital Limited
BUR Financial Asset Management
In the quarter to June 2026, revenue fell 42.1%, EPS fell 97.5%, free cash flow grew 161.6% and total debt rose 35.0%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
3.02
0.27
−8.21%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | 8.29 | 8.00 | 6.94 | 6.09 | 12.07 | 8.19 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | 11.10 | 13.55 | 11.20 | 17.70 | 16.77 | 15.73 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | 140 | 158 | 16 | 160 | 172 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.55 | 2.02 | 67.93 | 3.41 | 2.40 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 69 | 164 | 197 | 101 | 359 | 217 | 319 | 1,087 | 546 | 413 | ||||
| Gross margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||||
| EBT | 95 | 261 | 293 | 233 | 210 | 3 | 109 | 738 | 254 | 84 | |||||
| EBT margin, % | 138.11 | 159.07 | 148.82 | 229.53 | 58.54 | 1.28 | 34.15 | 67.93 | 46.44 | 20.33 | |||||
| Net income | 100 | 0 | 305 | 219 | 173 | (7) | 97 | 718 | 230 | 72 | |||||
| Depreciation | — | — | — | — | 11 | 3 | 4 | — | — | — | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.34 | 0.79 | 0.94 | 0.46 | 1.64 | 0.99 | 1.46 | 4.97 | 2.49 | 1.89 | ||||
| Earnings | 0.48 | 1.26 | 1.45 | 1.00 | 0.78 | (0.33) | 0.14 | 2.79 | 0.66 | 0.28 | |||||
| Cash flow | (0.37) | 0.57 | (0.59) | 0.10 | 0.25 | (2.67) | (2.13) | (1.25) | 0.99 | (0.13) | |||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | 0.00 | 0.00 | |||||
| Free cash flow | (0.37) | 0.57 | (0.59) | 0.10 | 0.24 | (2.67) | (2.13) | (1.27) | 0.99 | (0.13) | |||||
| Book value | 2.91 | 3.83 | 6.51 | 6.96 | 8.70 | 9.62 | 10.91 | 14.66 | 14.86 | 14.27 | |||||
| Shares, m | 205 | 208 | 211 | 219 | 219 | 219 | 219 | 219 | 219 | 219 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 4.35 | 4.35 | 4.35 | 4.35 | 5.61 | 24.57 | 19.32 | 5.41 | 19.03 | 31.86 | ||||
| P/S | 6.63 | 6.63 | 6.63 | 6.63 | 7.07 | 10.60 | 6.01 | 3.04 | 5.12 | 4.73 | |||||
| P/B | 1.30 | 1.30 | 1.30 | 1.30 | 1.11 | 1.11 | 0.77 | 1.03 | 0.86 | 0.63 | |||||
| EV/Sales | 7.72 | 7.72 | 7.72 | 7.72 | 8.16 | 13.65 | 9.33 | 4.15 | 7.34 | 8.29 | |||||
| EV/FCF | (43.72) | (43.72) | (43.72) | (43.72) | 68.84 | (6.56) | (6.08) | (16.23) | 18.56 | (116.96) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (76) | 118 | (123) | 22 | 54 | (585) | (466) | (275) | 217 | (29) | ||||
| Capex | (1) | (1) | 0 | (4) | 0 | 0 | 0 | (3) | (1) | 0 | |||||
| Free cash flow | (76) | 118 | (123) | 22 | 53 | (586) | (467) | (278) | 216 | (29) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 329 | 342 | 227 | 294 | 537 | 596 | ||||
| Total debt | 274 | 486 | 642 | 671 | 668 | 1,023 | 1,252 | 1,535 | 1,764 | 2,128 | |||||
| Net debt | 105 | 311 | 333 | 417 | 329 | 667 | 1,008 | 1,207 | 1,215 | 1,472 | |||||
| Shareholders’ equity | 595 | 797 | 1,372 | 1,522 | 1,905 | 2,108 | 2,387 | 3,208 | 3,257 | 3,128 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 8.04 | 21.22 | 15.94 | 8.81 | 5.74 | (0.84) | 0.76 | 12.06 | 2.44 | 0.98 | ||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 6.67 | 1.54 | 3.59 | 11.55 | 5.46 | 3.15 | |||||
| ROE | 14.23 | 37.58 | 28.15 | 15.12 | 9.63 | (1.43) | 1.36 | 21.82 | 4.53 | 1.96 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Burford Capital Limited vs peers in Asset Management (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| FDUS Fidus Investment Corporation | $773.1M | 9.1× | 9.1× | +8.84% (above 0%: growing) | −26.39% (below 0%: shrinking) | −204.97% (below 0%: shrinking) | 100.00% | 68.28% | Compare |
| CGBD Carlyle Secured Lending, Inc. | $733.5M | 20.4× | 11.1× | −7.72% (below 0%: shrinking) | n/m | +131.88% (above 0%: growing) | 100.00% | 74.03% | Compare |
| BUR Burford Capital Limited | $722.5M | — (loss-making) | — (loss-making) | −42.14% (below 0%: shrinking) | −97.50% (below 0%: shrinking) | +161.57% (above 0%: growing) | 100.00% | 57.14% | |
| VINP Vinci Compass Investments Ltd. | $717.4M | 15.2× | 8.7× | +30.12% (above 0%: growing) | −26.32% (below 0%: shrinking) | +17.98% (above 0%: growing) | 100.00% | 27.59% | Compare |
| MFIC MidCap Financial Investment Corporation | $700.2M | — (loss-making) | 14.7× | −16.03% (below 0%: shrinking) | n/m | +307.98% (above 0%: growing) | 100.00% | 87.62% | Compare |
| BCSF Bain Capital Specialty Finance, Inc. | $689.6M | 10.4× | 9.7× | −12.14% (below 0%: shrinking) | −40.54% (below 0%: shrinking) | +10,857.59% (above 0%: growing) | 100.00% | 80.20% | Compare |
| PFLT PennantPark Floating Rate Capital Ltd. | $660.1M | 12.8× | 10.2× | +4.07% (above 0%: growing) | −57.89% (below 0%: shrinking) | +392.80% (above 0%: growing) | 100.00% | 77.14% | Compare |
| NMFC New Mountain Finance Corporation | $651.3M | — (loss-making) | 29.5× | −4.25% (below 0%: shrinking) | +157.14% (above 0%: growing) | −39.48% (below 0%: shrinking) | 100.00% | 0.00% | Compare |
| ACGP Associated Capital Group, Inc. | $649.9M | 14.8× | 4.2× | +13.32% (above 0%: growing) | +3.41% (above 0%: growing) | +254.80% (above 0%: growing) | 100.00% | (314.07%) | Compare |
| Median of peers | $694.9M | 13.8× | 10.0× | −0.09% | −26.35% | +193.34% | 100.00% | 71.15% |
Burford Capital Limited (BUR) key facts
- Burford Capital Limited (BUR) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
- As of October 16, 2026, BUR traded at $3.02, a market capitalization of $722.5 million.
- Burford Capital Limited pays an annual dividend of $0.13 per share, a yield of 4.14%.
- Return on equity was 1.96% and debt-to-equity 1.64.
- Its Piotroski F-score is 2 out of 9 for fiscal 2025.