CAVE COOP VITICULT REUNIS STE RADEGONDE : revenue, balance sheet and financial ratios

In 2024, CAVE COOP VITICULT REUNIS STE RADEGONDE achieves revenue of 2.7 M€. Revenue is declining over the period 2018-2024 (CAGR: -5.1%). Slight decline of -5% vs 2022. After deducting consumption (1.9 M€), gross margin stands at 736 k€, i.e. a rate of 27%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 148 k€, representing 5.5% of revenue. Positive scissor effect: EBITDA margin improves by +2.1 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 16 k€, i.e. 0.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 13%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 38%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 136.85. 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 6.5x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 44 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 23 days. The company must finance 21 days of gap between collections and payments. Inventory turnover is 63 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 6 days of revenue, i.e. 48 k€ to permanently finance. Notable WCR improvement over the period (-99%), freeing up cash.

Based on 55 transactions of similar company sales (all years), the value of CAVE COOP VITICULT REUNIS STE RADEGONDE is estimated at 484 964 € (range 254 879€ - 1 188 653€). With an EBITDA of 148 455€, the sector multiple of 2.8x is applied. The price/revenue ratio is 0.34x (conservative valuation). 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.
Medium reliability: estimate to be confirmed with in-depth analysis.