1000 PATTES & COMPAGNIE : revenue, balance sheet and financial ratios

In 2024, 1000 PATTES & COMPAGNIE achieves revenue of 415 k€. Revenue is declining over the period 2019-2024 (CAGR: -6.9%). Significant drop of -12% vs 2023. After deducting consumption (4 €), gross margin stands at 415 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 37 k€, representing 8.8% of revenue. Warning negative scissor effect: despite revenue change (-12%), EBITDA varies by -60%, reducing margin by 10.6 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 519 k€, i.e. 125.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 25%. 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 79%. 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 2.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 134.9% 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 2703.05. 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 43.4x. 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: 45 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 9 days. The gap of 36 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 1819 days of revenue, i.e. 2.1 M€ to permanently finance. Over 2019-2024, WCR increased by +154%, requiring additional financing.

Based on 103 transactions of similar company sales in 2024, the value of 1000 PATTES & COMPAGNIE is estimated at 1 125 616 € (range 377 016€ - 2 903 824€). With an EBITDA of 36 549€, the sector multiple of 5.0x is applied. The price/revenue ratio is 0.38x (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.