EIFFAGE IMMOBILIER GRAND OUEST : revenue, balance sheet and financial ratios

In 2024, EIFFAGE IMMOBILIER GRAND OUEST achieves revenue of 19.4 M€. Revenue is declining over the period 2016-2024 (CAGR: -13.8%). Significant drop of -72% vs 2023. After deducting consumption (1.4 M€), gross margin stands at 18.1 M€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 266 k€, representing 1.4% of revenue. Warning negative scissor effect: despite revenue change (-72%), EBITDA varies by -92%, reducing margin by 3.2 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.4 M€, i.e. 7.5% 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 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 11.0% 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 130.74. 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 135.9x. 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: 203 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 173 days. The company must finance 30 days of gap between collections and payments. Inventory turnover is 175 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 180 days of revenue, i.e. 9.7 M€ to permanently finance. Notable WCR improvement over the period (-62%), freeing up cash.

Based on 80 transactions of similar company sales (all years), the value of EIFFAGE IMMOBILIER GRAND OUEST is estimated at 2 446 238 € (range 853 445€ - 6 292 753€). With an EBITDA of 265 990€, 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.