DUVAL DEVELOPPEMENT EST : revenue, balance sheet and financial ratios

In 2024, DUVAL DEVELOPPEMENT EST achieves revenue of 2.8 M€. Over the period 2022-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +21.9%. Vs 2023, growth of +29% (2.2 M€ -> 2.8 M€). After deducting consumption (3 k€), gross margin stands at 2.8 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 713 k€, representing 25.1% of revenue. Positive scissor effect: EBITDA margin improves by +49.4 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 2.2 M€, i.e. 77.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 205%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 4%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 77.1% 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 123.99. 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 68.5x. 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: 471 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 177 days. The gap of 294 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 145 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 291 days of revenue, i.e. 2.3 M€ to permanently finance. Notable WCR improvement over the period (-50%), freeing up cash.

Based on 80 transactions of similar company sales (all years), the value of DUVAL DEVELOPPEMENT EST is estimated at 1 632 601 € (range 555 406€ - 4 526 052€). With an EBITDA of 712 800€, the sector multiple of 1.0x 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.
Medium reliability: estimate to be confirmed with in-depth analysis.