A.M.E (ARCHIVAGE MULTIMEDIA ETUDES) : revenue, balance sheet and financial ratios

In 2021, A.M.E (ARCHIVAGE MULTIMEDIA ETUDES) achieves revenue of 146 k€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +31.4%. Vs 2020, growth of +161% (56 k€ -> 146 k€). After deducting consumption (62 k€), gross margin stands at 84 k€, i.e. a rate of 58%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 34 k€, representing 23.0% of revenue. Positive scissor effect: EBITDA margin improves by +46.8 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 31 k€, i.e. 21.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 29%. 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 62%. 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 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 22.5% 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 453.23. 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: 220 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 33 days. The gap of 187 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 9 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 220 days of revenue, i.e. 89 k€ to permanently finance. Over 2016-2021, WCR increased by +486%, requiring additional financing.

Based on 121 transactions of similar company sales (all years), the value of A.M.E (ARCHIVAGE MULTIMEDIA ETUDES) is estimated at 88 383 € (range 37 745€ - 211 594€). With an EBITDA of 33 566€, the sector multiple of 3.2x is applied. The price/revenue ratio is 0.27x (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.