Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 25 | 25 | 28 | 34 | 41 | 44 | 47 | 59 |
| Borrowings | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 |
| Other Liabilities | 7 | 8 | 5 | 8 | 8 | 9 | 10 | 22 |
| Total Liabilities | 32 | 33 | 33 | 44 | 51 | 54 | 59 | 83 |
| AssetsFixed Assets | 4 | 3 | 3 | 4 | 4 | 4 | 3 | 6 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 8 | 10 | 9 | 19 | 23 | 28 | 35 | 58 |
| Other Assets | 21 | 20 | 21 | 21 | 25 | 22 | 21 | 19 |
| Total Assets | 32 | 33 | 33 | 44 | 51 | 54 | 59 | 83 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 4 | 6 | 1 | -2 | 5 | 6 | 2 | -1 |
| Cash from Investing | -4 | -4 | 1 | -1 | -4 | -3 | -1 | 0 |
| Cash from Financing | 0 | 0 | -1 | 0 | 0 | -1 | -2 | -1 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 2 | 5 | 1 | -2 | 9 | 6 | 2 | 26 |
| 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.
POLYCHEM · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.