| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 7 | 7 | 7 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 9 | 18 | 27 | 31 | 38 | 56 | 59 | 58 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1 | 1 | 3 | 4 | 2 | 4 | 3 | 3 |
| Total Liabilities | 16 | 26 | 37 | 46 | 52 | 70 | 74 | 73 |
| AssetsFixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 16 | 26 | 32 | 39 | 37 | 50 | 52 | 51 |
| Other Assets | 1 | 1 | 5 | 7 | 15 | 20 | 22 | 22 |
| Total Assets | 16 | 26 | 37 | 46 | 52 | 70 | 74 | 73 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 0 | -0 | 0 | 6 | 1 | 17 | 15 | 1 |
| Cash from Investing | -0 | 0 | 0 | -2 | 1 | -9 | -10 | -0 |
| Cash from Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 0 | -0 | 0 | 6 | 1 | 17 | 15 | 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.
ESCORP · CYCLICAL_UNMODELABLE
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