CENTRALE BIOGAZ DE KASTELLIN : revenue, balance sheet and financial ratios

In 2024, CENTRALE BIOGAZ DE KASTELLIN achieves revenue of 2.5 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +278.0%. Slight decline of -9% vs 2023. After deducting consumption (404 k€), gross margin stands at 2.1 M€, i.e. a rate of 84%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 291 k€, representing 11.6% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.3 M€, i.e. 53.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at -291%. 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 -42%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 61.9 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 3.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 142.28. 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 90.9x. 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: 61 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 101 days. Excellent situation: suppliers finance 40 days of the operating cycle (retail model). Inventory turnover is 46 days (= Average inventory / Cost of goods x 360). WCR is negative (-50 days): operations structurally generate cash. Over 2017-2024, WCR increased by +39%, requiring additional financing.

Based on 127 transactions of similar company sales (all years), the value of CENTRALE BIOGAZ DE KASTELLIN is estimated at 1 508 694 € (range 264 293€ - 6 004 284€). With an EBITDA of 291 183€, the sector multiple of 2.3x is applied. The price/revenue ratio is 0.59x (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.