Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 35 | 42 | 51 | 55 | 54 | 58 | 62 | 65 |
| Borrowings | 61 | 79 | 78 | 70 | 75 | 85 | 88 | 71 |
| Other Liabilities | 19 | 23 | 22 | 32 | 26 | 18 | 31 | 22 |
| Total Liabilities | 119 | 149 | 157 | 162 | 159 | 167 | 185 | 163 |
| AssetsFixed Assets | 45 | 46 | 43 | 43 | 37 | 50 | 49 | 49 |
| CWIP | 2 | 0 | 0 | 7 | 16 | 0 | 0 | 0 |
| Investments | 1 | 3 | 3 | 7 | 8 | 9 | 12 | 13 |
| Other Assets | 70 | 101 | 110 | 105 | 99 | 107 | 125 | 101 |
| Total Assets | 119 | 149 | 157 | 162 | 159 | 167 | 185 | 163 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 15 | 11 | -9 | 13 | 11 | 8 | -9 | 32 |
| Cash from Investing | -15 | -10 | -1 | 0 | -8 | -8 | 4 | -12 |
| Cash from Financing | 1 | -3 | 13 | -6 | -12 | 1 | 5 | -20 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 5 | 5 | -11 | 11 | 1 | -4 | -5 | 29 |
| 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.
POLYSPIN · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.