Professional
Added to YB: 2023-04-01
Pitch date: 2023-04-01
BUR [bullish]
Burford Capital Limited
-23.24%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
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
$2.0B
Pitch Price
$8.95
Price Target
N/A
Dividend
1.36%
EV/EBITDA
14.00
P/E
23.15
EV/Sales
8.81
Sector
Financial Services
Category
value
Greenhaven Road New Position - Burford Capital (BUR)
BUR: Litigation financer Burford sees most cases, has best data. Funds just 4% but wins big: 84% profitable (13% >200% ROIC), recovering 42% of losses. Earns mngmt fees + potential $500M performance fees on $3.8B AUM. Core biz worth $12/sh on $1.20+ norm EPS. Big YPF case gain ($5-12.50/sh). 50% discounted total value: $21-28.50/sh vs $13 now. COVID-reopening courts, compounding gains = upside.
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