| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 44 | 54 | 64 | 80 | 111 | 140 | 149 | 413 |
| Borrowings | 19 | 10 | 12 | 13 | 19 | 13 | 19 | 13 |
| Other Liabilities | 22 | 41 | 40 | 31 | 29 | 41 | 40 | 66 |
| Total Liabilities | 87 | 106 | 118 | 126 | 162 | 196 | 211 | 493 |
| AssetsFixed Assets | 28 | 26 | 23 | 26 | 24 | 24 | 22 | 23 |
| CWIP | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 0 |
| Investments | 1 | 1 | 11 | 21 | 28 | 41 | 60 | 239 |
| Other Assets | 57 | 79 | 83 | 79 | 109 | 131 | 128 | 231 |
| Total Assets | 87 | 106 | 118 | 126 | 162 | 196 | 211 | 493 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 5 | 13 | 26 | 12 | 26 | 28 | 35 | 25 |
| Cash from Investing | 0 | -4 | -5 | -9 | -12 | -34 | -17 | 26 |
| Cash from Financing | -4 | -10 | -13 | -1 | -4 | 2 | -12 | -8 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 3 | 10 | 25 | 10 | 22 | 25 | 30 | 21 |
| 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.
UNIABEXAL · LOSS_MAKING
Guides on how to read this kind of business and the numbers that matter.