ASSIST COURTAGE D'ASSURANCE ET REASSURAN : revenue, balance sheet and financial ratios

In 2024, ASSIST COURTAGE D'ASSURANCE ET REASSURAN achieves revenue of 10.2 M€. Revenue is growing positively over 8 years (CAGR: +0.8%). Vs 2023, growth of +15% (8.8 M€ -> 10.2 M€). After deducting consumption (0 €), gross margin stands at 10.2 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 8.6 M€, representing 84.9% of revenue. Positive scissor effect: EBITDA margin improves by +4.6 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 6.7 M€, i.e. 66.2% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 5%. 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 87%. 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 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 66.0% 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 5991.11. 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: 11 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 2 days. The company must finance 9 days of gap between collections and payments. Overall, WCR represents 296 days of revenue, i.e. 8.4 M€ to permanently finance. Over 2017-2024, WCR increased by +41%, requiring additional financing.

Based on 193 transactions of similar company sales (all years), the value of ASSIST COURTAGE D'ASSURANCE ET REASSURAN is estimated at 10 934 740 € (range 3 467 692€ - 44 629 152€). With an EBITDA of 8 636 662€, the sector multiple of 1.2x is applied. The price/revenue ratio is 0.98x (in line with sector norms). 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.