Price
Market Cap
Sector
Industrials
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 1 | 2 | 2 | 12 | 17 | 17 | 17 |
| Reserves | 1 | -4 | -3 | 4 | 33 | 35 | 36 |
| Borrowings | 9 | 21 | 26 | 14 | 20 | 25 | 32 |
| Other Liabilities | 4 | 3 | 14 | 7 | 11 | 17 | 17 |
| Total Liabilities | 15 | 21 | 39 | 37 | 81 | 93 | 102 |
| AssetsFixed Assets | 6 | 8 | 9 | 9 | 23 | 41 | 44 |
| CWIP | 3 | 0 | 2 | 3 | 9 | 5 | 1 |
| Investments | 0 | 0 | 0 | 1 | 2 | 2 | 0 |
| Other Assets | 6 | 13 | 28 | 25 | 46 | 45 | 57 |
| Total Assets | 15 | 21 | 39 | 37 | 81 | 93 | 102 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 1 | -7 | -1 | 3 | 4 | 6 |
| Cash from Investing | -7 | -2 | -7 | -3 | -38 | -17 |
| Cash from Financing | 6 | 13 | 4 | -1 | 34 | 9 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | -6 | -9 | -6 | 1 | -32 | -15 |
| 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.
TECHERA · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.