NOUVEAUX DOCKS SA : revenue, balance sheet and financial ratios

In 2024, NOUVEAUX DOCKS SA achieves revenue of 26.3 M€. Revenue is growing positively over 9 years (CAGR: +3.2%). Slight decline of -9% vs 2023. After deducting consumption (17.4 M€), gross margin stands at 8.9 M€, i.e. a rate of 34%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.3 M€, representing 8.8% of revenue. Warning negative scissor effect: despite revenue change (-9%), EBITDA varies by -30%, reducing margin by 2.6 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 1.3 M€, i.e. 5.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 86%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 6.6% 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 638.01. 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 0.0x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 35 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 19 days. The company must finance 16 days of gap between collections and payments. Inventory turnover is 88 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 93 days of revenue, i.e. 6.8 M€ to permanently finance. Over 2016-2024, WCR increased by +26%, requiring additional financing.

Indicative estimate only : the number of comparable transactions in this sector is limited (39 transactions). This range of 1 611 635€ to 5 748 162€ is provided for information purposes only and requires in-depth analysis to be confirmed.