COMPAGNIE CHAMPENOISE PH-CH.PIPER HEIDSIECK - ANCIENNE MAISON FONDEE EN 1785 : revenue, balance sheet and financial ratios

In 2024, COMPAGNIE CHAMPENOISE PH-CH.PIPER HEIDSIECK - ANCIENNE MAISON FONDEE EN 1785 achieves revenue of 151.3 M€. Activity remains stable over the period (CAGR: -3.5%). Slight decline of -7% vs 2023. After deducting consumption (93.6 M€), gross margin stands at 57.6 M€, i.e. a rate of 38%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 18.7 M€, representing 12.3% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 15 k€, i.e. 0.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 300%. 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 18%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 141.2 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 307.02. 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 92.7x. 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: 48 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 202 days. Excellent situation: suppliers finance 154 days of the operating cycle (retail model). Inventory turnover is 766 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 747 days of revenue, i.e. 314.0 M€ to permanently finance.

Based on 55 transactions of similar company sales (all years), the value of COMPAGNIE CHAMPENOISE PH-CH.PIPER HEIDSIECK - ANCIENNE MAISON FONDEE EN 1785 is estimated at 41 247 072 € (range 21 257 946€ - 101 880 689€). With an EBITDA of 18 651 132€, the sector multiple of 2.8x is applied. The price/revenue ratio is 0.34x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.