LE TOUR DU MONDE : revenue, balance sheet and financial ratios

In 2025, LE TOUR DU MONDE achieves revenue of 401 k€. Revenue is growing positively over 9 years (CAGR: +1.1%). Vs 2024, growth of +19% (337 k€ -> 401 k€). After deducting consumption (204 k€), gross margin stands at 196 k€, i.e. a rate of 49%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 24 k€, representing 6.0% of revenue. Positive scissor effect: EBITDA margin improves by +8.7 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 23 k€, i.e. 5.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 126%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 1%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 5.7% 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 95.71. 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: 34 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 801 days. Excellent situation: suppliers finance 767 days of the operating cycle (retail model). Inventory turnover is 727 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. WCR is negative (-63 days): operations structurally generate cash. Notable WCR improvement over the period (-39%), freeing up cash.

Based on 124 transactions of similar company sales (all years), the value of LE TOUR DU MONDE is estimated at 60 218 € (range 25 419€ - 138 503€). With an EBITDA of 23 915€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.17x (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.