Added to YB: 2026-04-07
Pitch date: 2026-04-03
BUR [neutral]
Burford Capital Limited
+8.74%
current return
Author Info
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Company Info
Burford Capital Limited provides legal finance products and services worldwide. The company operates in two segments, Principal Finance, and Asset Management and Other Services.
Market Cap
$906.9M
Pitch Price
$4.12
Price Target
N/A
Dividend
3.02%
EV/EBITDA
15.02
P/E
14.79
EV/Sales
8.02
Sector
Financial Services
Category
value
Burford Capital: It may look cheap, but you’re forgetting something (and no, it’s not YPF)
BUR (overview): YPF $16B award reversed on appeal–judges ruled US lacked jurisdiction under Argentine law. Stock -42%, looks cheap at 0.36x TBV (23% CAGR), $3.3B portfolio vs $928M mcap. Core issue: mark-to-model accounting lets mgmt set own valuations; stock comp incentivizes marking up cases. YPF showed model limitations. Burford made $236M on $46M deployed (413% ROIC) selling secondary interest early. Possible ICSID claim revival = optionality.
Read full article (6 min)