CENTRALE PHOTOVOLTAIQUE SFP EDF DE SAINTE TULLE : revenue, balance sheet and financial ratios

In 2024, CENTRALE PHOTOVOLTAIQUE SFP EDF DE SAINTE TULLE achieves revenue of 2.9 M€. Revenue is growing positively over 9 years (CAGR: +1.4%). Vs 2023: +1%. After deducting consumption (0 €), gross margin stands at 2.9 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 812 k€, representing 28.5% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 438 k€, i.e. 15.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 54%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 56%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 21.4% 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 472.82. 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 11.2x. 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: 67 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 115 days. Excellent situation: suppliers finance 48 days of the operating cycle (retail model). Overall, WCR represents 215 days of revenue, i.e. 1.7 M€ to permanently finance. Over 2016-2024, WCR increased by +349%, requiring additional financing.

Based on 85 transactions of similar company sales (all years), the value of CENTRALE PHOTOVOLTAIQUE SFP EDF DE SAINTE TULLE is estimated at 1 826 881 € (range 288 401€ - 7 621 154€). With an EBITDA of 812 492€, 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.