COMPAGNIE IMMOBILIERE NOUVELLE AQUITAINE : revenue, balance sheet and financial ratios

In 2021, COMPAGNIE IMMOBILIERE NOUVELLE AQUITAINE achieves revenue of 10.4 M€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +58.0%. Vs 2020, growth of +67% (6.2 M€ -> 10.4 M€). After deducting consumption (0 €), gross margin stands at 10.4 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 1.3 M€, representing 12.2% of revenue. Positive scissor effect: EBITDA margin improves by +24.4 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 4.7 M€, i.e. 45.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 76%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 54%. 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 5.1 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 52.6% 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 729.78. 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 3.1x. 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: 271 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 31 days. The gap of 240 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 788 days of revenue, i.e. 22.8 M€ to permanently finance. Over 2016-2021, WCR increased by +224%, requiring additional financing.

Based on 76 transactions of similar company sales in 2021, the value of COMPAGNIE IMMOBILIERE NOUVELLE AQUITAINE is estimated at 13 207 941 € (range 3 792 712€ - 20 704 659€). With an EBITDA of 1 273 351€, the sector multiple of 2.9x is applied. The price/revenue ratio is 0.33x (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.