CLUBHOTEL MULTIVACANCES : revenue, balance sheet and financial ratios

In 2024, CLUBHOTEL MULTIVACANCES achieves revenue of 3.7 M€. Revenue is declining over the period 2016-2024 (CAGR: -6.4%). Vs 2023: +2%. After deducting consumption (29 k€), gross margin stands at 3.7 M€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 164 k€, representing 4.5% of revenue. Warning negative scissor effect: despite revenue change (+2%), EBITDA varies by -85%, reducing margin by 25.1 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 283 k€, i.e. 7.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 43%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 7.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 187.24. 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 58.1x. 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: 217 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 207 days. The company must finance 10 days of gap between collections and payments. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 478 days of revenue, i.e. 4.9 M€ to permanently finance. Over 2016-2024, WCR increased by +51%, requiring additional financing.

Based on 277 transactions of similar company sales (all years), the value of CLUBHOTEL MULTIVACANCES is estimated at 550 555 € (range 218 216€ - 1 405 647€). With an EBITDA of 164 317€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.29x (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.