| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 0 | 3 | 4 | 11 | 22 | 23 | 23 | 23 |
| Reserves | 0 | 0 | 7 | 16 | 27 | 39 | 47 | 40 |
| Borrowings | 0 | 0 | 0 | 9 | 24 | 41 | 25 | 25 |
| Other Liabilities | 0 | 0 | 0 | 6 | 14 | 23 | 31 | 45 |
| Total Liabilities | 0 | 4 | 12 | 42 | 86 | 125 | 126 | 133 |
| AssetsFixed Assets | 0 | 0 | 0 | 9 | 10 | 10 | 11 | 9 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 2 | 18 | 30 | 10 | 9 |
| Other Assets | 0 | 4 | 12 | 32 | 59 | 85 | 106 | 115 |
| Total Assets | 0 | 4 | 12 | 42 | 86 | 125 | 126 | 133 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | — | 1 | -2 | -8 | -13 | -29 | -25 | -8 |
| Cash from Investing | — | 0 | -0 | 0 | -10 | -6 | -1 | 24 |
| Cash from Financing | — | -1 | 3 | 8 | 25 | 34 | 25 | -16 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | — | 1 | -2 | -8 | -13 | -29 | -25 | -8 |
| FCF Margin | — | — | — | — | — | — | — | — |
An earnings-based reverse DCF needs positive, normalized profits. This business doesn't have them yet, so any 'fair value' would be fiction.
SAMOR · LOSS_MAKING
Guides on how to read this kind of business and the numbers that matter.