CENTRALE PHOTOVOLTAIQUE DES FONTANELLES : revenue, balance sheet and financial ratios

In 2024, CENTRALE PHOTOVOLTAIQUE DES FONTANELLES achieves revenue of 315 k€. Revenue is growing positively over 6 years (CAGR: +0.9%). Slight decline of -8% vs 2023. After deducting consumption (0 €), gross margin stands at 315 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 254 k€, representing 80.6% of revenue. Warning negative scissor effect: despite revenue change (-8%), EBITDA varies by -15%, reducing margin by 6.5 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 164 k€, i.e. 52.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 58%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 61%. 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 1.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 64.9% 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 1159.95. 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 1.9x. Coverage is limited: any activity downturn would jeopardize interest payments.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 27 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 152 days. Excellent situation: suppliers finance 125 days of the operating cycle (retail model). WCR is negative (-168 days): operations structurally generate cash. Over 2019-2024, WCR increased by +79%, requiring additional financing.

Based on 85 transactions of similar company sales (all years), the value of CENTRALE PHOTOVOLTAIQUE DES FONTANELLES is estimated at 467 343 € (range 70 618€ - 1 834 133€). With an EBITDA of 254 042€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.69x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.