CABINET D'INGENIERIE ET D'ETUDES EN BATIMENT : revenue, balance sheet and financial ratios

In 2022, CABINET D'INGENIERIE ET D'ETUDES EN BATIMENT achieves revenue of 116 k€. Over the period 2016-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +10.8%. Vs 2021: +8%. After deducting consumption (0 €), gross margin stands at 116 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 3 k€, representing 2.5% of revenue. Warning negative scissor effect: despite revenue change (+8%), EBITDA varies by -83%, reducing margin by 13.0 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1 k€, i.e. 1.2% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 16%. 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 77%. 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 38.2 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 491.95. 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 33.9x. 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: 388 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 298 days. The gap of 90 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 341 days of revenue, i.e. 110 k€ to permanently finance. Over 2016-2022, WCR increased by +62%, requiring additional financing.

Based on 63 transactions of similar company sales in 2022, the value of CABINET D'INGENIERIE ET D'ETUDES EN BATIMENT is estimated at 7 260 € (range 3 439€ - 12 009€). With an EBITDA of 2 886€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.16x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.