ATHLETIC CLUB AJACCIEN ACA FOOTBALL : revenue, balance sheet and financial ratios

In 2024, ATHLETIC CLUB AJACCIEN ACA FOOTBALL achieves revenue of 17.6 M€. Over the period 2018-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +14.1%. Significant drop of -42% vs 2023. After deducting consumption (615 k€), gross margin stands at 17.0 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.3 M€, representing 18.8% of revenue. Warning negative scissor effect: despite revenue change (-42%), EBITDA varies by -57%, reducing margin by 6.2 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 331 k€, i.e. 1.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 42%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 24%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 25.2% 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 57.29. 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 12.9x. 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: 132 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 154 days. Favorable situation: supplier credit is longer than customer credit by 22 days. Inventory turnover is 7 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-4 days): operations structurally generate cash. Over 2018-2024, WCR increased by +67%, requiring additional financing.

Based on 161 transactions of similar company sales (all years), the value of ATHLETIC CLUB AJACCIEN ACA FOOTBALL is estimated at 11 405 646 € (range 6 093 679€ - 17 389 677€). With an EBITDA of 3 315 906€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.62x (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.