Livermore Investments (LIV) AI Stock Analysis

• Market Cap: £88.05M
• Dividend Yield: 9.05%
• Average Volume (3M): 1.73K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.18
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 4
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): >-0.01
• Shares Outstanding: 165,355,420
• 10 Day Avg. Volume: 16
• 30 Day Avg. Volume: 1,725
• PEG Ratio: -0.31
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 8.57
• P/FCF Ratio: 6.08
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: 60.00p ▲(10.60% Upside)

The score is driven primarily by a strong, low-debt balance sheet and consistently positive cash flow, which reduce downside risk. This is tempered by volatile revenue/profitability and a technically overextended setup (high RSI/Stoch), while valuation is mixed with a very high yield but a negative P/E.

Livermore Investments Business Overview & Revenue Model

Company Description

Livermore Investments Group Limited is a publicly owned investment manager. The firm primarily invests in fixed income instruments such as Collateralized Loan Obligations (CLOs). The company, formerly Empire Online Limited, was incorporated in 2002 and is headquartered in Road Town, British Virgin Islands.

How the Company Makes Money

Livermore Investments Financial Statement Overview

Summary

Strong balance sheet with minimal leverage and solid, consistently positive cash generation supports financial resilience. However, revenue and profitability are volatile (notably a sharp 2024 revenue decline and a major loss in 2022), reducing confidence in stability despite strong margins in profitable years.

Income Statement

Profitability is strong in the profitable years, with very high margins in 2023 and still solid margins in 2024, indicating a highly scalable earnings profile. However, revenue is volatile: 2024 revenue fell sharply (-47.7% YoY) and results swung from a deep loss in 2022 to strong profits in 2023–2024, which lowers confidence in earnings stability and repeatability.

Balance Sheet

The balance sheet is very conservatively positioned with minimal debt across all periods (debt-to-equity near zero), providing strong financial flexibility and low refinancing risk. Equity and assets are substantial and relatively steady, but returns on equity have been inconsistent (negative in 2022, strong in 2021/2023, moderate in 2024), reflecting uneven profitability through the cycle.

Cash Flow

Cash generation is consistently positive, with operating cash flow and free cash flow both strong in each year shown. Cash flow also tracks reported earnings cleanly (free cash flow equals net income in the provided data), supporting earnings quality. The main weakness is variability: free cash flow growth weakened in 2022 and 2024, mirroring the business’s volatility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	398.00K	12.43M	17.76M	-20.97M	33.74M	3.53M
Gross Profit	398.00K	12.40M	17.76M	-21.20M	33.37M	3.78M
EBITDA	-5.17M	6.91M	14.14M	-23.87M	25.36M	920.00K
Net Income	-4.29M	6.58M	13.89M	-24.36M	24.70M	845.00K
Balance Sheet
Total Assets	143.79M	143.80M	139.63M	131.69M	184.57M	169.07M
Cash, Cash Equivalents and Short-Term Investments	50.91M	33.77M	58.92M	10.97M	62.68M	72.98M
Total Debt	416.00K	416.00K	0.00	87.00K	176.00K	272.00K
Total Liabilities	11.81M	4.70M	3.79M	3.97M	6.85M	5.17M
Stockholders Equity	131.98M	139.10M	135.84M	127.72M	177.72M	163.91M
Cash Flow
Free Cash Flow	6.20M	17.52M	20.63M	17.79M	28.56M	19.23M
Operating Cash Flow	6.20M	17.52M	20.63M	17.79M	28.56M	19.23M
Investing Cash Flow	-3.73M	4.14M	-6.26M	-27.55M	-19.28M	-19.35M
Financing Cash Flow	-7.13M	-7.13M	-5.15M	-24.16M	-14.20M	-6.14M

Livermore Investments Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REC	72 Outperform	£110.38M	14.33	30.60%	8.61%	-11.43%	-17.65%
LIV	70 Outperform	£88.05M	-26.49	-3.00%	9.05%	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MERC	67 Neutral	£117.30M	35.26	1.79%	3.29%	-9.37%	―
LIO	64 Neutral	£145.16M	11.79	9.72%	21.31%	-15.65%	-12.27%
DUKE	63 Neutral	£135.59M	28.42	1.17%	9.74%	2.13%	-61.22%
PMI	54 Neutral	£70.07M	57.69	1.05%	11.43%	-3.99%	-36.07%

Livermore Investments Corporate Events

Ron Baron Increases Stake in Livermore Investments

Livermore Investments Group Limited has announced a significant change in its shareholding structure. Ron Baron has increased his ownership stake in the company to approximately 17.4% through RB Cycling Investments Ltd. This development could potentially influence the company’s strategic direction and impact its market positioning, given the substantial voting rights now held by Mr. Baron.

Livermore Investments Appoints New Non-Executive Director

Livermore Investments Group Limited has announced the appointment of Itai Aharonson as an independent non-executive director. Aharonson, a founding partner of a law firm with expertise in commercial, regulatory, and public sector advisory, brings substantial experience in infrastructure, real estate, and energy regulation. This strategic appointment is expected to enhance Livermore’s governance and provide valuable insights into regulatory and strategic matters, potentially strengthening its market position and operational capabilities.