National Environmental Recycling Company

9540.SRSAUIndustrials● Active

$4.94

+$0.12(+2.49%)

Market Cap$1.1B

P/E Ratio—

52W High$5.2

52W Low$3

Avg Volume268K

Open$4.82

Beta0.35

Overview

National Environmental Recycling Company (9540.SR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

9540.SR · free cash flow · updated Jun 16, 2026

Core FCF metrics

9540.SR · FCF · TTM · margin & CAGR

Free cash flow was −$161.0M for FY2025 (fiscal year ending 2025-12-31), down 171.0% year-over-year The FCF margin was -13.0%.

FY2025 Free Cash Flow−$161.0M▼ -171.0% YoY

Trailing 12M (TTM)−$124.9Mtrailing 4 quarters sum

FCF Margin-13.0%−$161.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 16, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

9540.SR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$71.6M(89M)−$161.0M▼ 171.0%-13.0%

FY2024−$11.0M(48M)−$59.4M▲ +0.8%-7.4%

FY2023−$22.0M(38M)−$59.9M▲ +9.1%-9.5%

FY2022−$12.9M(53M)−$65.9M▼ 11.7%-16.3%

FY2021−$41.3M(18M)−$59.0M▼ 2995.7%-38.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

9540.SR · P/FCF · FCF yield · FCF per share

National Environmental Recycling Company (9540.SR) reported negative free cash flow of −$0.16B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

9540.SR · cash flow statement · operating / investing / financing

For FY2025, National Environmental Recycling Company generated −$71.6M in operating cash flow and spent 89M in capital expenditures, yielding −$161.0M in free cash flow.

Operating Activities

−$71.6M

Cash from core business operations

2025-12-31

Investing Activities

−$88.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$161.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$71.6M) − |CapEx| (89M) = FCF (−$161.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

9540.SR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

National Environmental Recycling CompanyYOU

9540.SR

−$161.0M-171.0%-13.0%

Loss

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

National Environmental Recycling Company (9540.SR) reported free cash flow of −$161.0M for FY2025 (fiscal year ending 2025-12-31), down 171.0% year-over-year. The FCF margin was -13.0%.

Based on available data, National Environmental Recycling Company has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $2.0M in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

9540.SR free cash flow · 8 questions

National Environmental Recycling Company free cash flow was −$161.0M for FY2025, down 171.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$124.9M.

9540.SR free cash flow9540.SR FCF9540.SR FCF 20259540.SR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · National Environmental Recycling Company · National Environmental Recycling Company SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 16, 2026