Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 6 | 6 | 6 | 6 | 6 | 12 | 12 | 12 |
| Reserves | -6 | -8 | -18 | -14 | -12 | 57 | 66 | 77 |
| Borrowings | 22 | 21 | 49 | 52 | 59 | 29 | 36 | 39 |
| Other Liabilities | 76 | 97 | 73 | 68 | 83 | 122 | 115 | 145 |
| Total Liabilities | 98 | 117 | 110 | 112 | 137 | 220 | 230 | 273 |
| AssetsFixed Assets | 41 | 43 | 41 | 44 | 45 | 77 | 81 | 85 |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 57 | 74 | 69 | 68 | 92 | 142 | 148 | 188 |
| Total Assets | 98 | 117 | 110 | 112 | 137 | 220 | 230 | 273 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 0 | 15 | 6 | -4 | -11 | 6 | 12 | -2 |
| Cash from Investing | 0 | -4 | -1 | -1 | 10 | -2 | 41 | -12 |
| Cash from Financing | -2 | -12 | -3 | 4 | -1 | 2 | -41 | 9 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 0 | 12 | 5 | -4 | -2 | 4 | 6 | -4 |
| 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.
S&SPOWER · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.