Global AdTech company running a publisher-side programmatic advertising platform, now also building a defence-tech division.
Price
Market Cap
Sector
Information Technology
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 95 | 102 | 404 | 404 | 404 | 404 | 404 | 404 |
| Reserves | 486 | 515 | 1.2k | 1.2k | 1.2k | 1.2k | 9.0k | 1.2k |
| Borrowings | 135 | 97 | 100 | 108 | 110 | 113 | 0 | 125 |
| Other Liabilities | 134 | 126 | 69 | 117 | 142 | 125 | 1.5k | 126 |
| Total Liabilities | 850 | 839 | 1.8k | 1.8k | 1.8k | 1.8k | 10.9k | 1.8k |
| AssetsFixed Assets | 1 | 1 | 1 | 1 | 1 | 1 | 1.2k | 1 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 285 | 0 |
| Investments | 509 | 509 | 678 | 678 | 678 | 678 | 598 | 678 |
| Other Assets | 340 | 329 | 1.1k | 1.1k | 1.1k | 1.1k | 8.9k | 1.2k |
| Total Assets | 850 | 839 | 1.8k | 1.8k | 1.8k | 1.8k | 10.9k | 1.8k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -9 | -8 | -23 | -456 | 21 | -2 | -3 | -16 |
| Cash from Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 9 | 8 | 23 | 461 | -25 | 1 | 3 | 16 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -9 | -8 | -23 | -456 | 21 | -2 | -3 | -16 |
| 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.
BCG · LOSS_MAKING
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