CESHF 2 PROPCO FR EVRY : revenue, balance sheet and financial ratios

In 2024, CESHF 2 PROPCO FR EVRY achieves revenue of 956 k€. Revenue is growing positively over 3 years (CAGR: +3.6%). Vs 2023: +2%. After deducting consumption (0 €), gross margin stands at 956 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 844 k€, representing 88.2% of revenue. Positive scissor effect: EBITDA margin improves by +2.3 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -136 k€ (-14.2% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 1746%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 67.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 28.4% 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 1257.26. 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 68.1x. 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: 85 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 183 days. Excellent situation: suppliers finance 98 days of the operating cycle (retail model). Overall, WCR represents 109 days of revenue, i.e. 291 k€ to permanently finance. Notable WCR improvement over the period (-20%), freeing up cash.

Based on 169 transactions of similar company sales in 2024, the value of CESHF 2 PROPCO FR EVRY is estimated at 3 242 634 € (range 892 315€ - 5 810 811€). With an EBITDA of 843 841€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (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.