| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 2 | 2 | 1 | 1 | 123 | 171 | 173 | 173 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 35 | 1 | 1 | 2 |
| Total Liabilities | 6 | 6 | 6 | 5 | 162 | 176 | 178 | 179 |
| AssetsFixed Assets | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 3 | 3 | 3 | 158 | 75 | 177 | 170 |
| Other Assets | 1 | 1 | 1 | 1 | 4 | 101 | 1 | 9 |
| Total Assets | 6 | 6 | 6 | 5 | 162 | 176 | 178 | 179 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -0 | -0 | -0 | -0 | -0 | -0 | -28 | -2 |
| Cash from Investing | 0 | 0 | 0 | 0 | 0 | 3 | 129 | -92 |
| Cash from Financing | 0 | 0 | -0 | 0 | -0 | 0 | -3 | 0 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -0 | -0 | -0 | -0 | -0 | -1 | -37 | 81 |
| 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.
OMNITEX · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.