| Line item | FY07 | FY08 | FY09 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 9 | 9 | 9 | 30 | 40 | 42 | 42 | 42 |
| Reserves | -7 | -7 | -7 | 11 | 57 | 116 | 124 | 126 |
| Borrowings | 5 | 4 | 2 | 0 | 1 | 1 | 1 | 1 |
| Other Liabilities | 2 | 1 | 1 | 0 | 18 | 168 | 175 | 188 |
| Total Liabilities | 8 | 7 | 6 | 41 | 116 | 327 | 342 | 357 |
| AssetsFixed Assets | 2 | 1 | 1 | 0 | 6 | 16 | 15 | 15 |
| CWIP | 0 | 0 | 0 | 0 | 4 | 0 | 8 | 8 |
| Investments | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 4 | 3 | 3 | 41 | 106 | 311 | 319 | 334 |
| Total Assets | 8 | 7 | 6 | 41 | 116 | 327 | 342 | 357 |
| Line item | FY06 | FY07 | FY08 | FY09 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | — | — | — | — | -5 | -55 | -42 | 5 |
| Cash from Investing | — | — | — | — | 0 | -7 | -12 | -12 |
| Cash from Financing | — | — | — | — | 17 | 51 | 53 | 7 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | — | — | — | — | -5 | -65 | -47 | -3 |
| 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.
CRSL · CYCLICAL_UNMODELABLE
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