CEE PARC EOLIEN ST. MANDE : revenue, balance sheet and financial ratios

In 2024, CEE PARC EOLIEN ST. MANDE achieves revenue of 1.5 M€. Revenue is growing positively over 8 years (CAGR: +0.7%). Slight decline of -9% vs 2023. After deducting consumption (0 €), gross margin stands at 1.5 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 822 k€, representing 55.9% of revenue. Warning negative scissor effect: despite revenue change (-9%), EBITDA varies by -17%, reducing margin by 5.5 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -546 k€ (-37.2% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -341%. 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 -40%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 23.7 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 27.8% 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 1428.59. 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 52.5x. 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: 121 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 61 days. The gap of 60 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 162 days of revenue, i.e. 663 k€ to permanently finance. Over 2016-2024, WCR increased by +377%, requiring additional financing.

Based on 85 transactions of similar company sales (all years), the value of CEE PARC EOLIEN ST. MANDE is estimated at 1 624 554 € (range 211 504€ - 6 600 039€). With an EBITDA of 822 015€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.69x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.