SOCIETE DE GESTION ET D'INVESTISSEMENTS MEDITERRANEENS : revenue, balance sheet and financial ratios

In 2024, SOCIETE DE GESTION ET D'INVESTISSEMENTS MEDITERRANEENS achieves revenue of 338 k€. Revenue is growing positively over 9 years (CAGR: +4.3%). Significant drop of -84% vs 2023. After deducting consumption (0 €), gross margin stands at 338 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 174 k€, representing 51.4% of revenue. Positive scissor effect: EBITDA margin improves by +40.1 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 194 k€, i.e. 57.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 1%. 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 97%. 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 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 49.9% 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 2966.43. 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 40.8x. 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: 8 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 56 days. Excellent situation: suppliers finance 48 days of the operating cycle (retail model). Inventory turnover is 432 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 421 days of revenue, i.e. 395 k€ to permanently finance. Over 2016-2024, WCR increased by +346%, requiring additional financing.

Based on 80 transactions of similar company sales (all years), the value of SOCIETE DE GESTION ET D'INVESTISSEMENTS MEDITERRANEENS is estimated at 206 735 € (range 74 515€ - 585 794€). With an EBITDA of 173 568€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.28x (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.