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IMF Bentham

DB:MXG1
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MXG1
DB
A$1B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

IMF Bentham Limited engages in investing in litigation funding in Australia, the United States, Canada, Asia, Europe, the Middle East, and Africa. The last earnings update was 7 days ago. More info.


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MXG1 Share Price and Events
7 Day Returns
-11.6%
DB:MXG1
-6.6%
DE Diversified Financial
-6.8%
DE Market
1 Year Returns
44.1%
DB:MXG1
23.6%
DE Diversified Financial
6.5%
DE Market
MXG1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IMF Bentham (MXG1) -11.6% -7.9% 21.7% 44.1% 91.3% 58.6%
DE Diversified Financial -6.6% 2.9% 11.1% 23.6% 102.4% 266.2%
DE Market -6.8% -3.7% -3.6% 6.5% -2.6% -2.9%
1 Year Return vs Industry and Market
  • MXG1 outperformed the Diversified Financial industry which returned 23.6% over the past year.
  • MXG1 outperformed the Market in Germany which returned 6.5% over the past year.
Price Volatility
MXG1
Industry
5yr Volatility vs Market

MXG1 Value

 Is IMF Bentham undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for IMF Bentham. This is due to cash flow or dividend data being unavailable. The share price is €2.58.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IMF Bentham's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IMF Bentham's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MXG1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$-0.21
ASX:IMF Share Price ** ASX (2020-02-27) in AUD A$4.34
Europe Diversified Financial Industry PE Ratio Median Figure of 33 Publicly-Listed Diversified Financial Companies 13.13x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 19.97x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IMF Bentham.

DB:MXG1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:IMF Share Price ÷ EPS (both in AUD)

= 4.34 ÷ -0.21

-20.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IMF Bentham is loss making, we can't compare its value to the Europe Diversified Financial industry average.
  • IMF Bentham is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does IMF Bentham's expected growth come at a high price?
Raw Data
DB:MXG1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -20.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
57.3%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 15 Publicly-Listed Diversified Financial Companies 1.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for IMF Bentham, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IMF Bentham's assets?
Raw Data
DB:MXG1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$1.34
ASX:IMF Share Price * ASX (2020-02-27) in AUD A$4.34
Germany Diversified Financial Industry PB Ratio Median Figure of 7 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.77x
DB:MXG1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:IMF Share Price ÷ Book Value per Share (both in AUD)

= 4.34 ÷ 1.34

3.23x

* Primary Listing of IMF Bentham.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IMF Bentham is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess IMF Bentham's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. IMF Bentham has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MXG1 Future Performance

 How is IMF Bentham expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
57.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IMF Bentham expected to grow at an attractive rate?
  • IMF Bentham's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • IMF Bentham's earnings growth is expected to exceed the Germany market average.
  • IMF Bentham's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MXG1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MXG1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 57.3%
DB:MXG1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 45.4%
Europe Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MXG1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MXG1 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 210 -114 54 1
2021-06-30 219 -113 44 1
2020-06-30 163 -98 57 1
2020-02-27
DB:MXG1 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 14 -44 -45
2019-09-30 9 -40 -40
2019-06-30 4 -37 -36
2019-03-31 -4 -40 -27
2018-12-31 -10 -43 -17
2018-09-30 -4 -53 -14
2018-06-30 2 -64 -11
2018-03-31 24 -62 -7
2017-12-31 45 -59 -3
2017-09-30 55 -55 6
2017-06-30 65 -51 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IMF Bentham's earnings are expected to grow significantly at over 20% yearly.
  • IMF Bentham's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MXG1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from IMF Bentham Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MXG1 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.26 0.30 0.21 2.00
2021-06-30 0.44 0.70 0.18 2.00
2020-06-30 0.53 0.80 0.25 2.00
2020-02-27
DB:MXG1 Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 -0.21
2019-09-30 -0.20
2019-06-30 -0.19
2019-03-31 -0.14
2018-12-31 -0.10
2018-09-30 -0.08
2018-06-30 -0.06
2018-03-31 -0.04
2017-12-31 -0.02
2017-09-30 0.04
2017-06-30 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • IMF Bentham is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess IMF Bentham's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IMF Bentham has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MXG1 Past Performance

  How has IMF Bentham performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IMF Bentham's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • IMF Bentham does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare IMF Bentham's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare IMF Bentham's 1-year growth to the Europe Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
IMF Bentham's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IMF Bentham Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MXG1 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 13.52 -44.66 14.17
2019-09-30 8.91 -40.38 13.47
2019-06-30 4.30 -36.10 12.77
2019-03-31 -4.24 -26.71 10.95
2018-12-31 -9.81 -17.32 9.13
2018-09-30 -3.76 -14.17 8.17
2018-06-30 2.30 -11.02 7.21
2018-03-31 23.70 -6.98 7.55
2017-12-31 45.11 -2.94 7.88
2017-09-30 55.19 6.25 8.26
2017-06-30 65.27 15.44 8.65
2016-12-31 113.78 34.39 7.42
2016-09-30 97.26 27.58 7.31
2016-06-30 80.73 20.76 7.21
2015-12-31 8.90 -14.07 6.19
2015-09-30 32.60 -2.75 4.87
2015-06-30 56.31 8.58 3.55
2015-03-31 64.57 15.03 3.16
2014-12-31 72.83 23.75 2.77
2014-09-30 60.37 16.81 2.75
2014-06-30 47.90 9.87 2.73
2014-03-31 42.31 13.60 2.42
2013-12-31 36.73 17.34 2.12
2013-09-30 32.42 15.58 1.88
2013-06-30 28.10 13.81 1.65
2013-03-31 47.19 25.22 2.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if IMF Bentham has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if IMF Bentham has efficiently used its assets last year compared to the Europe Diversified Financial industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if IMF Bentham improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess IMF Bentham's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IMF Bentham has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MXG1 Health

 How is IMF Bentham's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up IMF Bentham's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IMF Bentham is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IMF Bentham's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IMF Bentham's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IMF Bentham Company Filings, last reported 1 month ago.

DB:MXG1 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 758.37 142.92 262.74
2019-09-30 758.37 142.92 262.74
2019-06-30 515.50 143.97 226.46
2019-03-31 515.50 143.97 226.46
2018-12-31 460.44 143.01 233.33
2018-09-30 460.44 143.01 233.33
2018-06-30 367.84 120.46 160.23
2018-03-31 367.84 120.46 160.23
2017-12-31 224.79 119.97 132.24
2017-09-30 224.79 119.97 132.24
2017-06-30 206.25 119.47 144.89
2016-12-31 207.63 79.87 166.14
2016-09-30 207.63 79.87 166.14
2016-06-30 201.39 79.50 142.53
2015-12-31 179.08 48.43 93.61
2015-09-30 179.08 48.43 93.61
2015-06-30 185.90 48.21 130.11
2015-03-31 185.90 48.21 130.11
2014-12-31 208.65 47.98 134.40
2014-09-30 208.65 47.98 134.40
2014-06-30 191.13 47.76 105.58
2014-03-31 191.13 47.76 105.58
2013-12-31 196.94 0.00 85.82
2013-09-30 196.94 0.00 85.82
2013-06-30 125.50 36.32 67.98
2013-03-31 125.50 36.32 67.98
  • IMF Bentham's level of debt (18.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (23% vs 18.8% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on IMF Bentham's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess IMF Bentham's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IMF Bentham has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MXG1 Dividends

 What is IMF Bentham's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.38%
Current annual income from IMF Bentham dividends. Estimated to be 2.07% next year.
If you bought €2,000 of IMF Bentham shares you are expected to receive €28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • IMF Bentham's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • IMF Bentham's dividend is below the markets top 25% of dividend payers in Germany (3.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MXG1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MXG1 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.10 2.00
2021-06-30 0.09 2.00
2020-06-30 0.07 1.00
2020-02-27
DB:MXG1 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-20 0.060 1.371
2019-08-21 0.000 0.000
2019-02-21 0.000 0.000
2018-08-22 0.000 0.000
2018-02-22 0.070 2.630
2017-08-24 0.070 2.871
2017-02-23 0.060 3.152
2016-08-23 0.075 4.231
2016-02-24 0.000 0.000
2015-08-19 0.100 7.562
2015-02-09 0.100 5.193
2014-08-20 0.100 4.815
2014-02-10 0.100 5.329
2013-08-21 0.050 2.757
2012-08-22 0.100 5.858
2012-02-23 0.000 0.000
2011-08-24 0.100 7.183
2011-02-22 0.200 12.670
2010-08-24 0.000 0.000
2010-02-01 0.150 9.902
2009-08-26 0.200 11.801

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of IMF Bentham's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).
X
Income/ dividend checks
We assess IMF Bentham's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IMF Bentham afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IMF Bentham has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MXG1 Management

 What is the CEO of IMF Bentham's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Saker
COMPENSATION A$1,949,643
TENURE AS CEO 5.1 years
CEO Bio

Mr. Andrew Saker has been the Chief Executive Officer and Managing Director of IMF Bentham Limited since January 5, 2015. Mr. Saker began his career at Ferrier Hodgson Perth in 1988. One of his first assignments was the Scheme of Arrangement for Bond Corporation. In 1994, he was seconded to the then affiliate office of Ferrier Hodgson in New York, Kahn Consulting Inc. During his time in the US, he worked on several large assignments, including: Bank of Tokyo Trust - investigation into alleged collusion between bank staff and borrowers Ames Department Store - claims administration under Chapter XI Pic `n Save - operational restructuring assignment for retailer based in Georgia and Florida. He commenced as a manager of the Perth office in 1995 and led the Bell litigation on behalf of Bell Group NV. He entered into partnership in the Perth practice in 1998. In March 1999, he opened the Indonesian office of Ferrier Hodgson. From 1999 to 2004, Mr. Saker managed the Indonesian office of Ferrier Hodgson, during which time the staff grew from 1 to 16 staff. He was engaged by various European export credit agencies (ECAs) to assist with restructuring assignments in other jurisdictions, including the Philippines and Argentina. In this assignment he was advising the ECAs from Europe and Canada. Since 2004, he has resumed his position as a partner of the Perth practice of Ferrier Hodgson, also with a focus on international corporate restructuring and recovery. He was advising a group of 22 ECAs from Europe, Asia and North America. Andrew led negotiations on behalf of the ECAs in London during 2010. In Australia, he has also been involved with several large and complex formal insolvency assignments including Sons of Gwalia (SOG), Great Southern and Forge. In SOG, Mr. Saker oversaw a litigation budget of over $16 million in the prosecution of various claims against the directors and auditors. In Great Southern, as a defendant, he has responded to various class actions in Victorian and Western Australian Supreme Courts. He has been a Director at IMF Bentham Limited since January 5, 2015. He holds Bachelor of Commerce in Accounting and Finance (1991); Associate Member of the Institute of Chartered Accountants in Australia (1992); Registered Company Liquidator (1995); Official Liquidator of the Supreme & Federal Courts (1998) and IPAA Advanced Insolvency USQ (1996/97).

CEO Compensation
  • Andrew's compensation has increased whilst company is loss making.
  • Andrew's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the IMF Bentham management team in years:

1.7
Average Tenure
  • The average tenure for the IMF Bentham management team is less than 2 years, this suggests a new team.
Management Team

Andrew Saker

TITLE
MD, CEO & Director
COMPENSATION
A$2M
TENURE
5.1 yrs

Stuart Mitchell

TITLE
Chief Financial Officer
COMPENSATION
A$462K
TENURE
1.3 yrs

Clive Bowman

TITLE
Global Chief Investment Officer
COMPENSATION
A$1M
TENURE
0.6 yrs

Jeremy Sambrook

TITLE
Group General Counsel & Company Secretary
COMPENSATION
A$578K
AGE
41
TENURE
4.1 yrs

Hugh McLernon

TITLE
Executive Director
COMPENSATION
A$2M

Christopher Young

TITLE
Corporate Counsel & Chief Compliance Officer

Tina Young

TITLE
Chief of Staff - US
TENURE
1.1 yrs

Tania Sulan

TITLE
Chief Investment Officer of Australia

Oliver Gayner

TITLE
Head of EMEA Office & Investment Manager
TENURE
2.1 yrs

Gretchen Koehler

TITLE
Chief Marketing Officer - US
Board of Directors Tenure

Average tenure and age of the IMF Bentham board of directors in years:

4.8
Average Tenure
61
Average Age
  • The tenure for the IMF Bentham board of directors is about average.
Board of Directors

Michael Graham Kay

TITLE
Non-Executive Chairman
COMPENSATION
A$225K
AGE
61
TENURE
4.6 yrs

Andrew Saker

TITLE
MD, CEO & Director
COMPENSATION
A$2M
TENURE
5.1 yrs

Hugh McLernon

TITLE
Executive Director
COMPENSATION
A$2M
TENURE
18.2 yrs

Michael Bowen

TITLE
Non-Executive Director
COMPENSATION
A$100K
AGE
63
TENURE
18.2 yrs

Karen Phin

TITLE
Non-Executive Director
COMPENSATION
A$100K
TENURE
2.5 yrs

Christine Feldmanis

TITLE
Non-Executive Director
COMPENSATION
A$62K
AGE
56
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
07. Nov 19 Sell Perpetual Limited Company 05. Feb 19 22. Oct 19 -4,297,647 €2.00 €-8,587,579
07. Nov 19 Buy Perpetual Limited Company 13. Nov 18 23. Oct 19 4,907,859 €1.88 €9,232,150
22. Oct 19 Buy Christine Feldmanis Individual 17. Oct 19 17. Oct 19 25,000 €2.19 €54,840
18. Jul 19 Buy Kabouter Management L.L.C. Company 17. Jul 19 17. Jul 19 3,381,255 €1.97 €6,650,723
17. Jul 19 Sell Kabouter Management L.L.C. Company 20. Sep 18 03. Jul 19 -445,016 €1.87 €-830,838
17. Jul 19 Buy Kabouter Management L.L.C. Company 26. Oct 18 16. Jul 19 3,124,495 €1.90 €5,598,370
04. Jun 19 Buy Greencape Capital Pty Ltd Company 04. Mar 19 31. May 19 5,309,996 €1.65 €8,736,252
27. May 19 Sell UBS Asset Management Company 30. Apr 19 23. May 19 -429,366 €1.75 €-750,647
27. May 19 Buy UBS Asset Management Company 30. Apr 19 23. May 19 353,563 €1.74 €616,619
01. May 19 Sell UBS Asset Management Company 11. Jan 19 29. Apr 19 -2,961,639 €1.90 €-5,625,821
01. May 19 Buy UBS Asset Management Company 11. Jan 19 29. Apr 19 2,569,189 €1.82 €4,674,465
X
Management checks
We assess IMF Bentham's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IMF Bentham has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MXG1 News

Simply Wall St News

MXG1 Company Info

Description

IMF Bentham Limited engages in investing in litigation funding in Australia, the United States, Canada, Asia, Europe, the Middle East, and Africa. Its practice areas include commercial litigation, finance for corporates, funding for insolvency, class actions, arbitration, and investor recoveries. The company offers services, such as funding for litigations; factual investigations preliminary to litigations; appeal funding; payment of adverse costs orders; strategic planning, monitoring, and managing of litigation; and assistance in facilitating settlements and maximizing the value of claim. The company was formerly known as Bentham IMF Limited and changed its name to IMF Bentham Limited in November 2014. IMF Bentham Limited was incorporated in 2017 and is based in Sydney, Australia.

Details
Name: IMF Bentham Limited
MXG1
Exchange: DB
Founded: 2017
A$648,824,178
249,410,560
Website: http://www.imf.com.au
Address: IMF Bentham Limited
68 Pitt Street,
Level 18,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX IMF Ordinary Shares Australian Securities Exchange AU AUD 22. Oct 2001
DB MXG1 Ordinary Shares Deutsche Boerse AG DE EUR 22. Oct 2001
CHIA IMF Ordinary Shares Chi-X Australia AU AUD 22. Oct 2001
Number of employees
Current staff
Staff numbers
101
IMF Bentham employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/27 21:22
End of day share price update: 2020/02/27 00:00
Last estimates confirmation: 2020/02/21
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.