DASSAULT FALCON SERVICE : revenue, balance sheet and financial ratios

In 2024, DASSAULT FALCON SERVICE achieves revenue of 168.1 M€. Revenue is growing positively over 9 years (CAGR: +0.3%). Vs 2023: +4%. After deducting consumption (20.6 M€), gross margin stands at 147.5 M€, i.e. a rate of 88%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 6.1 M€, representing 3.6% of revenue. Warning negative scissor effect: despite revenue change (+4%), EBITDA varies by -83%, reducing margin by 19.2 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 6.3 M€, i.e. 3.8% 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 54%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 5.2% 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 264.27. 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 2.1x. 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: 77 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 112 days. Excellent situation: suppliers finance 35 days of the operating cycle (retail model). Inventory turnover is 51 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 34 days of revenue, i.e. 15.9 M€ to permanently finance. Notable WCR improvement over the period (-72%), freeing up cash.

Based on 197 transactions of similar company sales (all years), the value of DASSAULT FALCON SERVICE is estimated at 24 316 468 € (range 10 648 923€ - 50 831 448€). With an EBITDA of 6 104 691€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.28x (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.