AGENCY SPORTS INTERNATIONAL MANAGEMENT - ASI MANAGEMENT : revenue, balance sheet and financial ratios

In 2016, AGENCY SPORTS INTERNATIONAL MANAGEMENT - ASI MANAGEMENT achieves revenue of 170 k€. Significant drop of -28% vs 2015. After deducting consumption (480 €), gross margin stands at 170 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 24 k€, representing 14.1% of revenue. Warning negative scissor effect: despite revenue change (-28%), EBITDA varies by -64%, reducing margin by 14.3 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 16 k€, i.e. 9.3% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 31%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 10%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 11.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 137.24. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 3.6x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 480 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 828 days. Excellent situation: suppliers finance 348 days of the operating cycle (retail model). WCR is negative (-119 days): operations structurally generate cash.

Based on 161 transactions of similar company sales (all years), the value of AGENCY SPORTS INTERNATIONAL MANAGEMENT - ASI MANAGEMENT is estimated at 104 659 € (range 54 266€ - 168 835€). With an EBITDA of 23 943€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.62x (in line with sector norms). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.