Price
Market Cap
Sector
Services
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 4 | 18 | 23 | 23 | 23 | 23 |
| Reserves | 10 | 10 | 19 | 38 | 124 | 136 | 141 | 149 |
| Borrowings | 4 | 5 | 15 | 4 | 1 | 35 | 44 | 30 |
| Other Liabilities | 22 | 26 | 26 | 37 | 53 | 55 | 68 | 78 |
| Total Liabilities | 41 | 46 | 64 | 96 | 200 | 249 | 275 | 281 |
| AssetsFixed Assets | 2 | 2 | 3 | 3 | 7 | 8 | 8 | 49 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 29 | 0 |
| Investments | 0 | 5 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 38 | 40 | 61 | 93 | 194 | 241 | 238 | 231 |
| Total Assets | 41 | 46 | 64 | 96 | 200 | 249 | 275 | 281 |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 6 | 5 | -7 | 9 | -5 | -67 | 68 |
| Cash from Investing | 0 | -5 | 2 | -1 | -5 | -8 | -43 |
| Cash from Financing | -3 | -4 | 3 | -7 | 76 | 39 | -8 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 4 | 5 | -9 | 7 | -10 | -72 | 25 |
| 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.
SPECTSTM · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.