OPERATEUR DE TRANSPORTS INTERURBAINS ET DE LA MOBILITE A MAYOTTE OPTIMOM : revenue, balance sheet and financial ratios

In 2024, OPERATEUR DE TRANSPORTS INTERURBAINS ET DE LA MOBILITE A MAYOTTE OPTIMOM achieves revenue of 3.2 M€. Over the period 2021-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +684.0%. Vs 2023, growth of +34% (2.4 M€ -> 3.2 M€). After deducting consumption (130 k€), gross margin stands at 3.1 M€, i.e. a rate of 96%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.4 M€, representing 44.9% of revenue. Warning negative scissor effect: despite revenue change (+34%), EBITDA varies by +10%, reducing margin by 9.9 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 612 k€, i.e. 19.2% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 222%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 29%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 39.2% 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 562.33. 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 10.5x. 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: 102 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 59 days. The gap of 43 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 158 days of revenue, i.e. 1.4 M€ to permanently finance. Over 2021-2024, WCR increased by +1953%, requiring additional financing.

Based on 85 transactions of similar company sales (all years), the value of OPERATEUR DE TRANSPORTS INTERURBAINS ET DE LA MOBILITE A MAYOTTE OPTIMOM is estimated at 1 444 072 € (range 472 135€ - 3 810 189€). With an EBITDA of 1 427 601€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.14x (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.