| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 2 | 2 | 2 | 2 | 22 | 22 | 22 | 22 |
| Reserves | -1 | -1 | -0 | 30 | 13 | 13 | 14 | 11 |
| Borrowings | 0 | 0 | 0 | 2 | 28 | 40 | 42 | 51 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24 |
| Total Liabilities | 1 | 1 | 2 | 33 | 63 | 74 | 77 | 107 |
| AssetsFixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1 | 1 | 2 | 33 | 63 | 74 | 77 | 107 |
| Total Assets | 1 | 1 | 2 | 33 | 63 | 74 | 77 | 107 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -2 | 0 | -0 | -0 | -32 | -29 | -11 | -9 |
| Cash from Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 2 | 0 | 0 | 0 | 32 | 30 | 12 | 10 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -2 | 0 | -0 | -0 | -32 | -29 | -11 | -9 |
| 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.
ZMILGFIN · LOSS_MAKING
Guides on how to read this kind of business and the numbers that matter.