Burford Capital Ltd. (BUR) intrinsic value & 10-year financials

Burford Capital Ltd. (BUR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 9 fiscal years revenue shrank 0.4% a year to $413.4M, with an average return on invested capital of 10.8%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$3.00
Market cap
$673.7M
Revenue (FY2025)
$413.4M
Revenue growth (9-yr CAGR)
-0.4%
ROIC (10-yr avg)
10.8%
Free cash flow (FY2025)
-$29.3M

BUR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $413.4M $62.6M $0.28 -$29.3M 56.2% 5.1%
FY2024 $546.1M $146.5M $0.66 $216.1M 71.5% 9.2%
FY2023 $1.1B $610.5M $2.74 -$277.9M 75.0% 24.3%
FY2022 $319.2M $30.5M $0.14 -$466.5M 61.1% 5.3%
FY2021 $152.2M -$72.1M -$0.33 -$585.6M 4.2% 0.3%
FY2020 $359.1M $165.1M $0.75 $53.5M 66.4% 9.2%
FY2019 $379.2M $181.0M $0.83 -$277.0M 65.0% 10.4%
FY2018 $425.0M $317.6M $150.30 -$233.4M 80.9% 22.9%
FY2017 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Burford Capital Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Burford Capital Ltd returns on capital have been average, hovering around 9.1% ROIC over the decade.

Burford Capital Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Burford Capital Ltd is modeled at -59.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-26.58 per share.

BUR stock: frequently asked questions

What is the intrinsic value of Burford Capital Ltd. (BUR) stock?

Graham's formula only works with positive earnings. Burford Capital Ltd. reported diluted EPS of $0.28 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Burford Capital Ltd. generate free cash flow?

Burford Capital Ltd. generated -$29.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 8 reported years.

What is BUR's return on invested capital?

Average ROIC over the last 9 fiscal years was 10.8%, and average return on equity was 9.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BUR data come from?

From Burford Capital Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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