KOYANAGI WORLDWIDE FRANCE : revenue, balance sheet and financial ratios

In 2023, KOYANAGI WORLDWIDE FRANCE achieves revenue of 309 k€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +5.9%. Slight decline of -10% vs 2022. After deducting consumption (4 k€), gross margin stands at 305 k€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 30 k€, representing 9.8% of revenue. Warning negative scissor effect: despite revenue change (-10%), EBITDA varies by -57%, reducing margin by 10.9 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 18 k€, i.e. 5.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 5%. 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 61%. 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 0.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 8.2% 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 265.84. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 69 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 24 days. The gap of 45 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-3 days): operations structurally generate cash. Notable WCR improvement over the period (-205%), freeing up cash.

Based on 167 transactions of similar company sales (all years), the value of KOYANAGI WORLDWIDE FRANCE is estimated at 25 680 € (range 14 629€ - 44 241€). With an EBITDA of 30 326€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.11x (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.