CEPE DE MONTBELLIARD SAS - CENTRALE EOLIENNE DE PRODUCTION D'ENERGIE DE MONTBELIARD : revenue, balance sheet and financial ratios

In 2024, CEPE DE MONTBELLIARD SAS - CENTRALE EOLIENNE DE PRODUCTION D'ENERGIE DE MONTBELIARD achieves revenue of 917 k€. Revenue is declining over the period 2017-2024 (CAGR: -8.6%). Significant drop of -73% vs 2023. After deducting consumption (0 €), gross margin stands at 917 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 361 k€, representing 39.3% of revenue. Warning negative scissor effect: despite revenue change (-73%), EBITDA varies by -84%, reducing margin by 25.2 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -564 k€ (-61.5% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 46%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 60%. 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 2.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 41.6% 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 346.09. 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 3.9x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 108 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 3 days. The gap of 105 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-182 days): operations structurally generate cash. Over 2017-2024, WCR increased by +85%, requiring additional financing.

Based on 85 transactions of similar company sales (all years), the value of CEPE DE MONTBELLIARD SAS - CENTRALE EOLIENNE DE PRODUCTION D'ENERGIE DE MONTBELIARD is estimated at 783 672 € (range 106 735€ - 3 255 251€). With an EBITDA of 360 812€, 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.