Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 145 |
| Reserves | -70 | -59 | -47 | -43 | -43 | -46 | -52 | 2 |
| Borrowings | 161 | 146 | 124 | 125 | 125 | 178 | 198 | 349 |
| Other Liabilities | 139 | 123 | 129 | 110 | 117 | 122 | 69 | 126 |
| Total Liabilities | 314 | 295 | 291 | 277 | 284 | 338 | 300 | 621 |
| AssetsFixed Assets | 118 | 155 | 146 | 136 | 143 | 151 | 145 | 142 |
| CWIP | 46 | 1 | 1 | 3 | 1 | 1 | 21 | 174 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 150 | 139 | 144 | 137 | 140 | 187 | 134 | 306 |
| Total Assets | 314 | 295 | 291 | 277 | 284 | 338 | 300 | 621 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -4 | 54 | 24 | 22 | 8 | 26 | -21 | -84 |
| Cash from Investing | 8 | -35 | -1 | 0 | -2 | -13 | -18 | -175 |
| Cash from Financing | -6 | -18 | -22 | -22 | -7 | -13 | 39 | 259 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 4 | 18 | 23 | 22 | 8 | 26 | -21 | -259 |
| 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.
SALSTEEL · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.