DUVAL DEVELOPPEMENT ILE DE FRANCE : revenue, balance sheet and financial ratios

In 2024, DUVAL DEVELOPPEMENT ILE DE FRANCE achieves revenue of 4.2 M€. Revenue is declining over the period 2016-2024 (CAGR: -21.7%). Slight decline of -1% vs 2023. After deducting consumption (167 k€), gross margin stands at 4.0 M€, i.e. a rate of 96%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.6 M€, representing 61.6% of revenue. Positive scissor effect: EBITDA margin improves by +43.8 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 1.8 M€, i.e. 42.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 280%. 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 3%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 43.7% 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 127.56. 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 40.2x. 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: 717 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 228 days. The gap of 489 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 388 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 284 days of revenue, i.e. 3.3 M€ to permanently finance. Notable WCR improvement over the period (-68%), freeing up cash.

Based on 80 transactions of similar company sales (all years), the value of DUVAL DEVELOPPEMENT ILE DE FRANCE is estimated at 2 480 903 € (range 920 275€ - 7 098 697€). With an EBITDA of 2 579 623€, 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.