| Line item | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|
| LiabilitiesEquity Capital | 2 | 22 | 22 | 22 |
| Reserves | -12 | -8 | -9 | -10 |
| Borrowings | 8 | 34 | 20 | 29 |
| Other Liabilities | 9 | 11 | 11 | 25 |
| Total Liabilities | 7 | 59 | 45 | 66 |
| AssetsFixed Assets | 0 | 2 | 2 | 2 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 7 | 57 | 43 | 64 |
| Total Assets | 7 | 59 | 45 | 66 |
| Line item | FY24 | FY25 | FY26 |
|---|---|---|---|
| ActivitiesCash from Operating | 2 | -29 | 6 |
| Cash from Investing | 0 | 1 | 2 |
| Cash from Financing | -2 | 28 | -8 |
| SummaryCapital Expenditure | — | — | — |
| Free Cash Flow | 2 | -29 | 6 |
| FCF Margin | — | — | — |
An earnings-based reverse DCF needs positive, normalized profits. This business doesn't have them yet, so any 'fair value' would be fiction.
AIRLTD · LOSS_MAKING
Guides on how to read this kind of business and the numbers that matter.