Burford Capital Limited Financial Ratios — BUR Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	5.47	5.87	0.82	13.82	19.61	31.84	70.98	66.08	34.77	12.22	-1.69	1.83	31.11	6.33	2.61
Return on Assets (%)	5.1	5.21	0.74	10.26	11.65	13.94	20.21	15.69	7.59	4.54	-0.82	0.76	12.06	2.44	0.98
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	5.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	83.46	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	83.46	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	83.46	-55.77	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	83.46	35.53	3.66	60.29	72.14	69.47	78.09	78.96	68.83	78.92	5.4	55.73	86.46	74.34	43.37
Profit Margin (%)	83.46	36.56	4.55	59.41	69.8	72.69	78.13	82.18	64.74	62.65	-55.64	15.59	71.5	42.94	32.29
Net Income to Common Margin (%)	83.46	36.56	4.4	57.88	68.52	72.29	78.13	82.18	64.74	62.65	-55.64	15.59	71.5	42.94	32.29
Effective Tax Rate (%)	- -	- -	- -	1.45	3.25	- -	- -	- -	5.95	13.02	348.76	10.6	2.72	9.47	14.09
Dvd Payout Ratio (%)	41.45	38.2	381.83	31.57	24.08	15.76	7.96	7.74	12.5	- -	275.97	16.83	3.33	8.74	33.48
Sustainable Growth Rate (%)	3.2	3.63	-2.3	9.46	14.89	26.83	65.33	60.96	30.43	12.22	2.97	1.52	30.08	5.78	1.74

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	- -	- -	- -	- -	44	487	639	19	681	1,034	1,266	1,551	1,778	2,141
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	44	487	639	19	681	1,034	1,266	1,551	1,778	2,141
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-0.56	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-0.56	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	90.21	87.59	87.41	61.65	55.34	36.28	23.43	23.93	20.07	53.1	44.54	39.01	38.57	38.49	36.38
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	7.34	60.98	46.85	1.29	33.68	49.07	53.05	48.34	54.61	68.45
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	11.08	58.09	51.15	3.08	25.45	33.23	35.34	32.86	35.62	40.88
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	4.52	32.48	25.06	0.64	20.85	27.65	29.53	26.56	28.8	32.24
Total Debt/Equity (%)	- -	- -	- -	- -	- -	7.34	60.98	46.85	1.29	33.68	49.07	53.05	48.34	54.61	68.45
Total Debt/Capital (%)	- -	- -	- -	- -	- -	11.08	58.09	51.15	3.08	25.45	33.23	35.34	32.86	35.62	40.88
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	4.52	32.48	25.06	0.64	20.85	27.65	29.53	26.56	28.8	32.24
Net Debt to Equity	-2.88	-7.7	-16.41	-24.48	-10.46	-26.57	-16.96	-19.48	-12.43	-15.92	-8.55	-4.51	-6.88	-14.43	-18.11
Net Debt/Capital (%)	-3.16	-9.24	-21.27	-39.85	-16.04	-66.93	-19.27	-27.01	-42.15	-13.68	-6.15	-3.1	-4.9	-10.39	-12.13
EBITDA	16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	16	- -	- -	- -	- -	-2	-1	- -	-3	- -	- -	- -	-3	-1	- -
Operating Income (Loss)	16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	12.19	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	12.23	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	13.39	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	0.73	7.99	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	90.21	87.59	87.41	61.65	55.34	36.28	23.43	23.93	20.07	53.1	44.54	39.01	38.57	38.49	36.38
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	7.34	60.98	46.85	1.29	33.68	49.07	53.05	48.34	54.61	68.45
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	11.08	58.09	51.15	3.08	25.45	33.23	35.34	32.86	35.62	40.88
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	4.52	32.48	25.06	0.64	20.85	27.65	29.53	26.56	28.8	32.24
Total Debt/Equity (%)	- -	- -	- -	- -	- -	7.34	60.98	46.85	1.29	33.68	49.07	53.05	48.34	54.61	68.45
Total Debt/Capital (%)	- -	- -	- -	- -	- -	11.08	58.09	51.15	3.08	25.45	33.23	35.34	32.86	35.62	40.88
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	4.52	32.48	25.06	0.64	20.85	27.65	29.53	26.56	28.8	32.24
CFO/Total Liabilities	53.08	390.19	170.62	-61.26	-12.58	-1.79	-14.6	-19.68	-17.79	4.33	-35.84	-24.52	-10.45	7.43	-0.83
CFO/CapEx	- -	1,864.52	177.64	-923.2	-47.84	-4.25	-157.42	-2,243.39	-80.5	149.52	-2,053.91	-1,145.22	-85.52	327.87	-102.16
Altman's Z-Score	0.75	0.15	0.16	0.15	1.34	0.84	0.33	2.22	0.91	1.6	1.28	0.97	1.33	1.04	0.75

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	544.09	1,358.34	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	0.67	0.27	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	316	403	108	4,069	2,051	2,117	2,313	1,783	3,414	2,795	1,955
- Cash & Cash Equivalents	9	26	58	94	45	158	135	266	187	322	180	108	221	470	566
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	260	412	644	917	837	680
+ Total Debt	- -	- -	- -	- -	- -	44	487	639	19	681	1,034	1,266	1,551	1,778	2,141
Enterprise Value	-154	-26	-58	-94	271	289	460	4,442	1,884	2,737	3,580	3,586	5,661	4,941	4,209
Total Capital	290	302	329	329	329	395	838	1,249	629	2,677	3,113	3,584	4,719	4,992	5,237
Total Debt/Capital (%)	- -	- -	- -	- -	- -	11.08	58.09	51.15	3.08	25.45	33.23	35.34	32.86	35.62	40.88
Total Debt / EV	- -	- -	- -	- -	- -	0.15	1.06	0.14	0.01	0.25	0.29	0.35	0.27	0.36	0.51
EV/Sales	- -	- -	- -	- -	2.88	1.93	1.44	11.5	5.75	11.97	69.28	18.33	6.63	14.49	21.72
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	50.84	- -	- -	- -	22.8	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	50.5	- -	- -	- -	22.73	- -
Diluted Market Cap	- -	- -	- -	- -	317	403	108	4,069	2,060	2,124	2,313	1,808	3,476	2,846	2,003
Diluted Enterprise Value	-9	-26	-58	-94	271	289	460	4,442	1,893	2,743	3,580	3,611	5,723	4,992	4,257
EV per Share	- -	- -	- -	- -	1.3	1.41	2.21	21.08	8.62	12.5	16.34	16.39	25.87	22.54	19.21
TTM Sales	19	48	59	78	94	150	319	386	328	229	52	196	854	341	194
TTM EBITDA	16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	7	50	42	-92	-20	-7	-102	-233	-274	54	-585	-466	-275	217	-29
TTM Free Cash Flow to Firm	7	50	42	-92	-20	-5	-102	-233	-270	54	-585	-466	-271	217	-29

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	-16.05	-79.11	-1.07	-17.45	-7.63	39.2	-3.95	-3.88	-12.8	13.09	-69.73
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-154	-26	-58	-94	271	289	460	4,442	1,884	2,737	3,580	3,586	5,661	4,941	4,209
Low Price	- -	- -	- -	- -	1.22	1.26	0.4	0.39	4.75	3.4	8	6.94	6.09	12.07	8.19
EV/Sales	- -	- -	- -	- -	2.88	1.93	1.44	11.5	5.75	11.97	69.28	18.33	6.63	14.49	21.72
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	4.9	3.73	0.43	12.81	9.67	14.78	- -	58.44	5.59	19.08	31.24
Price/Earnings Average	- -	- -	- -	- -	6.71	5.42	5.32	11.49	16.8	11.42	-79.96	64.71	4.33	21.01	43.91
Price/Earnings High	- -	- -	- -	- -	9.04	12.2	14.14	17.75	25.67	16.96	-103.24	80.31	6.34	25.1	55.09
Price/Earnings Low	- -	- -	- -	- -	3.94	2.38	0.34	0.26	4.9	5.2	-60.95	49.77	2.18	18.06	28.68
Price/Book Value	- -	- -	- -	- -	0.96	1.15	0.31	6.67	3.36	1.22	1.39	1.07	1.52	1.18	0.81
Price/Book Value Average	- -	- -	- -	- -	1.32	1.67	3.78	5.98	5.84	0.94	1.38	1.18	1.17	1.3	1.14
Price/Book Value High	- -	- -	- -	- -	1.77	3.76	10.04	9.24	8.93	1.4	1.78	1.46	1.72	1.55	1.43
Price/Book Value Low	- -	- -	- -	- -	0.77	0.73	0.24	0.13	1.7	0.43	1.05	0.91	0.59	1.11	0.74
Price/Tangible Book Value	- -	- -	- -	- -	0.73	0.95	0.17	3.36	1.51	1.12	1.17	0.79	1.11	0.9	0.65
Price/Tangible Book Value Average	- -	- -	- -	- -	1	1.39	2.08	3.01	2.62	0.87	1.16	0.88	0.86	0.99	0.92
Price/Tangible Book Value High	- -	- -	- -	- -	1.35	3.12	5.54	4.66	4.01	1.29	1.5	1.09	1.26	1.18	1.15
Price/Tangible Book Value Low	- -	- -	- -	- -	0.59	0.61	0.13	0.07	0.76	0.39	0.89	0.67	0.43	0.85	0.6
Price/Sales	- -	- -	- -	- -	3.36	2.69	0.34	10.53	6.26	9.26	44.77	9.11	4	8.19	10.09
Price/Sales Average	- -	- -	- -	- -	4.6	3.92	4.16	9.44	10.88	7.15	44.49	10.09	3.09	9.02	14.18
Price/Sales High	- -	- -	- -	- -	6.2	8.82	11.05	14.59	16.62	10.63	57.44	12.52	4.54	10.78	17.79
Price/Sales Low	- -	- -	- -	- -	2.7	1.72	0.26	0.21	3.17	3.25	33.92	7.76	1.56	7.76	9.26
Price/Cash Flow	- -	- -	- -	- -	-15.7	-60.48	-1.06	-17.44	-7.5	39.33	-3.95	-3.83	-12.43	12.9	-67.37
Price/Cash Flow Average	- -	- -	- -	- -	-21.48	-88.03	-12.96	-15.63	-13.03	30.4	-3.93	-4.24	-9.61	14.2	-94.71
Price/Cash Flow High	- -	- -	- -	- -	-28.95	-198.03	-34.45	-24.17	-19.9	45.14	-5.07	-5.26	-14.1	16.96	-118.81
Price/Cash Flow Low	- -	- -	- -	- -	-12.61	-38.69	-0.82	-0.35	-3.8	13.83	-2.99	-3.26	-4.85	12.21	-61.86
Price/Free Cash Flow Average	- -	- -	- -	- -	-21.97	-115.14	-13.06	-15.64	-13.25	30.29	-3.93	-4.3	-9.91	14.42	-98.01
Price/Free Cash Flow High	- -	- -	- -	- -	-29.61	-259.02	-34.71	-24.18	-20.24	44.99	-5.07	-5.33	-14.53	17.22	-122.96
Price/Free Cash Flow Low	- -	- -	- -	- -	-12.9	-50.6	-0.82	-0.35	-3.86	13.78	-3	-3.31	-5	12.39	-64.02
EV/Sales Average	- -	- -	- -	- -	4.11	3.15	5.26	10.4	10.37	9.86	69	19.31	5.72	15.31	25.81
EV/Sales High	- -	- -	- -	- -	5.71	8.05	12.15	15.56	16.11	13.34	81.95	21.74	7.17	17.07	29.42
EV/Sales Low	- -	- -	- -	- -	2.22	0.96	1.36	1.18	2.66	5.96	58.42	16.98	4.19	14.05	20.9
EV/EBITDA Average	-0.56	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	-0.56	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	-0.56	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	-0.56	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	-0.56	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	-0.56	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	1.52	1.97	0.52	19.31	9.38	9.67	10.56	8.15	15.6	12.75	8.92
High Price	- -	- -	- -	- -	2.8	6.45	16.93	26.75	24.9	11.1	13.55	11.2	17.7	16.77	15.73
Enterprise Value Average	-9	-26	-58	-94	387	472	1,678	4,020	3,397	2,256	3,565	3,777	4,888	5,224	5,002
Enterprise Value High	-9	-26	-58	-94	538	1,206	3,877	6,011	5,277	3,050	4,234	4,253	6,120	5,822	5,701
Enterprise Value Low	-9	-26	-58	-94	208	143	435	455	871	1,364	3,019	3,321	3,580	4,792	4,049

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	180	205	205	205	205	208	208	219	219	219	219	219	219	219	219
Diluted Weighted Avg Shares	180	181	205	209	209	205	208	211	220	220	219	222	223	223	225
Basic Weighted Avg Shares	180	181	205	208	208	205	208	211	219	219	219	219	219	219	219
Revenue per Share	0.11	0.26	0.29	0.38	0.45	0.73	1.53	1.83	1.5	1.04	0.24	0.89	3.9	1.56	0.88
EBITDA per Share	0.09	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	0.09	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.09	0.1	0.01	0.22	0.31	0.53	1.2	1.51	0.97	0.65	-0.13	0.14	2.79	0.67	0.29
Basic EPS from Cont Ops	0.09	0.1	0.01	0.22	0.32	0.53	1.2	1.51	0.97	0.72	-0.03	0.45	3.28	1.05	0.33
Diluted EPS, GAAP	0.09	0.1	0.01	0.22	0.31	0.53	1.2	1.51	0.97	0.65	-0.13	0.14	2.74	0.66	0.28
Diluted EPS from Cont Ops	0.09	0.1	0.01	0.22	0.31	0.53	1.2	1.51	0.97	0.71	-0.03	0.44	3.22	1.03	0.32
Dividend per Share	0.04	0.04	0.05	0.07	0.08	0.09	0.1	0.12	0.13	- -	0.19	0.13	0.13	0.12	0.12
Cash Flow per Share	0.04	0.28	0.2	-0.44	-0.1	-0.03	-0.49	-1.11	-1.25	0.25	-2.67	-2.13	-1.26	0.99	-0.13
Free Cash Flow per Basic Share	0.04	0.28	0.2	-0.44	-0.1	-0.04	-0.49	-1.11	-1.27	0.24	-2.67	-2.13	-1.27	0.99	-0.13
Cash & Equivalents per Share	0.85	0.14	0.28	0.45	0.22	0.77	0.65	1.26	0.85	1.47	0.82	0.49	1.01	2.14	2.58
Book Value per Share	1.61	1.67	1.61	1.58	1.58	1.72	1.69	2.89	2.79	7.93	7.61	7.65	10.29	10.84	11.03
Tangible Book Value per Share	1.72	1.72	1.67	1.84	2.08	2.07	3.06	5.75	6.22	8.63	9.01	10.3	14.05	14.24	13.66

Burford Capital Limited

Profitability (USD)

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Working Capital (USD)

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Per Share Data Items (USD)