CONSTRUCTIONS METALLIQUES DE L'OCEAN INDIEN : revenue, balance sheet and financial ratios

In 2025, CONSTRUCTIONS METALLIQUES DE L'OCEAN INDIEN achieves revenue of 8.6 M€. Revenue is declining over the period 2015-2025 (CAGR: -7.1%). Slight decline of -7% vs 2024. After deducting consumption (770 k€), gross margin stands at 7.8 M€, i.e. a rate of 91%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 24 k€, representing 0.3% of revenue. Warning negative scissor effect: despite revenue change (-7%), EBITDA varies by -98%, reducing margin by 13.1 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 1.5 M€, i.e. 17.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 13%. 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 67%. 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 8.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 258.11. 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 839.5x. 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: 32 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 30 days. The company must finance 2 days of gap between collections and payments. Overall, WCR represents 29 days of revenue, i.e. 693 k€ to permanently finance. Notable WCR improvement over the period (-78%), freeing up cash.

Based on 56 transactions of similar company sales (all years), the value of CONSTRUCTIONS METALLIQUES DE L'OCEAN INDIEN is estimated at 911 052 € (range 594 916€ - 2 521 659€). With an EBITDA of 23 868€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.13x (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.