DC RACING : revenue, balance sheet and financial ratios

In 2025, DC RACING achieves revenue of 344 k€. Over the period 2018-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +9.4%. Vs 2024, growth of +21% (285 k€ -> 344 k€). After deducting consumption (131 k€), gross margin stands at 213 k€, i.e. a rate of 62%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 32 k€, representing 9.4% of revenue. Warning negative scissor effect: despite revenue change (+21%), EBITDA varies by -8%, reducing margin by 3.0 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 21 k€, i.e. 6.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 20%. 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 51%. 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 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.8% 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 196.25. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 11 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 26 days. Favorable situation: supplier credit is longer than customer credit by 15 days. Inventory turnover is 88 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 57 days of revenue, i.e. 54 k€ to permanently finance. Over 2018-2025, WCR increased by +60%, requiring additional financing.

Based on 131 transactions of similar company sales in 2025, the value of DC RACING is estimated at 113 872 € (range 66 108€ - 235 034€). With an EBITDA of 32 248€, the sector multiple of 3.0x is applied. The price/revenue ratio is 0.50x (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.