DOMAINE DE ROBERCHAMP : revenue, balance sheet and financial ratios

In 2023, DOMAINE DE ROBERCHAMP achieves revenue of 24 k€. Activity remains stable over the period (CAGR: -3.2%). Significant drop of -57% vs 2022. After deducting consumption (26 k€), gross margin stands at -2 k€, i.e. a rate of -7%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 7 k€, representing 29.9% of revenue. Warning negative scissor effect: despite revenue change (-57%), EBITDA varies by -66%, reducing margin by 8.1 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 9 k€, i.e. 36.5% 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 96%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 20.9% 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 1355.61. 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: 245 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 72 days. The gap of 173 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 441 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 756 days of revenue, i.e. 51 k€ to permanently finance. Over 2016-2023, WCR increased by +45%, requiring additional financing.

Based on 138 transactions of similar company sales (all years), the value of DOMAINE DE ROBERCHAMP is estimated at 19 622 € (range 6 995€ - 37 779€). With an EBITDA of 7 310€, the sector multiple of 3.3x is applied. The price/revenue ratio is 0.41x (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.