EIFFAGE ENERGIE SYSTEMES - CLEMESSY MOTORS : revenue, balance sheet and financial ratios

In 2024, EIFFAGE ENERGIE SYSTEMES - CLEMESSY MOTORS achieves revenue of 9.7 M€. Revenue is growing positively over 9 years (CAGR: +4.5%). Slight decline of -1% vs 2023. After deducting consumption (958 k€), gross margin stands at 8.8 M€, i.e. a rate of 90%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 340 k€, representing 3.5% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 265 k€, i.e. 2.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 15%. 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 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 99.61. 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 76.9x. 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: 303 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 86 days. The gap of 217 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 8 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 13 days of revenue, i.e. 348 k€ to permanently finance. Over 2016-2024, WCR increased by +154%, requiring additional financing.

Based on 197 transactions of similar company sales (all years), the value of EIFFAGE ENERGIE SYSTEMES - CLEMESSY MOTORS is estimated at 1 351 394 € (range 594 512€ - 2 796 086€). With an EBITDA of 340 025€, the sector multiple of 2.4x 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.