DEVCOM CONSULTANT : revenue, balance sheet and financial ratios

In 2024, DEVCOM CONSULTANT achieves revenue of 342 k€. Revenue is growing positively over 9 years (CAGR: +4.4%). Vs 2023, growth of +13% (303 k€ -> 342 k€). After deducting consumption (0 €), gross margin stands at 342 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 58 k€, representing 17.0% of revenue. Positive scissor effect: EBITDA margin improves by +23.8 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 398 k€, i.e. 116.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 21%. 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 82%. 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 2.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 73.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 3012.63. 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 7.3x. 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: 47 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 127 days. Excellent situation: suppliers finance 80 days of the operating cycle (retail model). Overall, WCR represents 93 days of revenue, i.e. 88 k€ to permanently finance. Over 2016-2024, WCR increased by +393%, requiring additional financing.

Based on 131 transactions of similar company sales (all years), the value of DEVCOM CONSULTANT is estimated at 441 257 € (range 139 486€ - 1 088 505€). With an EBITDA of 57 996€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.36x (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.