LE JARDIN DE LISBONNE : revenue, balance sheet and financial ratios

In 2024, LE JARDIN DE LISBONNE achieves revenue of 14 k€. Revenue is declining over the period 2019-2024 (CAGR: -45.3%). Significant drop of -63% vs 2023. After deducting consumption (9 k€), gross margin stands at 5 k€, i.e. a rate of 37%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 379 €, representing 2.7% of revenue. Warning negative scissor effect: despite revenue change (-63%), EBITDA varies by -95%, reducing margin by 15.9 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -3 k€ (-17.7% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 101%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 41%. 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 168.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 530.10. 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 74.4x. 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: 65 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 464 days. Excellent situation: suppliers finance 399 days of the operating cycle (retail model). Overall, WCR represents 2030 days of revenue, i.e. 80 k€ to permanently finance. Over 2019-2024, WCR increased by +24%, requiring additional financing.

Based on 50 transactions of similar company sales (all years), the value of LE JARDIN DE LISBONNE is estimated at 2 132 € (range 1 072€ - 4 708€). With an EBITDA of 379€, the sector multiple of 1.8x is applied. The price/revenue ratio is 0.32x (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.