Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 3 | 3 | 6 | 6 | 10 | 13 | 15 | 15 |
| Reserves | 1 | 1 | 5 | 8 | 41 | 93 | 112 | 123 |
| Borrowings | 6 | 4 | 0 | 5 | 6 | 13 | 27 | 46 |
| Other Liabilities | 15 | 28 | 35 | 49 | 12 | 22 | 27 | 54 |
| Total Liabilities | 26 | 36 | 45 | 68 | 69 | 141 | 179 | 238 |
| AssetsFixed Assets | 1 | 1 | 2 | 4 | 8 | 12 | 12 | 13 |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 24 | 35 | 43 | 63 | 61 | 129 | 167 | 221 |
| Total Assets | 26 | 36 | 45 | 68 | 69 | 141 | 179 | 238 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 0 | 0 | 3 | 3 | -18 | -8 | -39 | -27 |
| Cash from Investing | -1 | 0 | 0 | -1 | -7 | 2 | -6 | -8 |
| Cash from Financing | 1 | 0 | -3 | 1 | 25 | 6 | 45 | 34 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -1 | 0 | 3 | 2 | -22 | -13 | -45 | -34 |
| 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.
THOMASCOTT · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.