ASSURANCE DIRECTE DU PARTICULIER : revenue, balance sheet and financial ratios

In 2024, ASSURANCE DIRECTE DU PARTICULIER achieves revenue of 848 k€. Activity remains stable over the period (CAGR: -1.1%). Slight decline of -7% vs 2023. After deducting consumption (0 €), gross margin stands at 848 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 106 k€, representing 12.5% of revenue. Warning negative scissor effect: despite revenue change (-7%), EBITDA varies by -48%, reducing margin by 9.9 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 101 k€, i.e. 11.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 23%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 10.6% 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 71.64. 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 0.1x. 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: 32 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 24 days. The company must finance 8 days of gap between collections and payments. WCR is negative (-131 days): operations structurally generate cash. Over 2015-2024, WCR increased by +24%, requiring additional financing.

Based on 193 transactions of similar company sales (all years), the value of ASSURANCE DIRECTE DU PARTICULIER is estimated at 354 547 € (range 105 436€ - 976 784€). With an EBITDA of 105 677€, 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.