Price
Market Cap
Sector
Services
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | -4 | -31 | -52 | 90 | 96 | 104 | 110 | 117 |
| Borrowings | 202 | 155 | 167 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 241 | 259 | 247 | 44 | 26 | 34 | 32 | 27 |
| Total Liabilities | 442 | 385 | 365 | 137 | 125 | 141 | 145 | 146 |
| AssetsFixed Assets | 92 | 76 | 62 | 8 | 9 | 9 | 9 | 8 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 25 | 15 | 5 | 5 | 8 | 16 | 12 | 19 |
| Other Assets | 325 | 294 | 298 | 124 | 108 | 116 | 124 | 119 |
| Total Assets | 442 | 385 | 365 | 137 | 125 | 141 | 145 | 146 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -5 | 32 | -4 | -8 | 144 | 19 | 3 | 1 |
| Cash from Investing | 3 | -37 | 21 | 14 | 42 | -1 | -1 | 3 |
| Cash from Financing | 0 | 37 | -21 | -4 | -168 | 0 | -1 | -3 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -10 | 24 | -6 | -9 | 182 | 18 | 1 | 1 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
CRAVATEX · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.