DUMONT INVESTISSEMENT : revenue, balance sheet and financial ratios

In 2024, DUMONT INVESTISSEMENT achieves revenue of 2.0 M€. Activity remains stable over the period (CAGR: -4.3%). Significant drop of -30% vs 2023. After deducting consumption (0 €), gross margin stands at 2.0 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 200 k€, representing 9.8% of revenue. Warning negative scissor effect: despite revenue change (-30%), EBITDA varies by -71%, reducing margin by 14.2 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 26.2 M€, i.e. 1284.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 40%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 70%. 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 2.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1290.8% 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 497.20. 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 317.6x. 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 311 days. Excellent situation: suppliers finance 311 days of the operating cycle (retail model). Overall, WCR represents 505 days of revenue, i.e. 2.9 M€ to permanently finance. Over 2016-2024, WCR increased by +456%, requiring additional financing.

Based on 103 transactions of similar company sales in 2024, the value of DUMONT INVESTISSEMENT is estimated at 50 624 500 € (range 17 327 165€ - 135 636 896€). With an EBITDA of 200 303€, the sector multiple of 5.0x is applied. The price/revenue ratio is 0.38x (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.