ELECTRICITE.SECTEUR TERTIAIRE.BATIMENT : revenue, balance sheet and financial ratios

In 2021, ELECTRICITE.SECTEUR TERTIAIRE.BATIMENT achieves revenue of 315 k€. Revenue is growing positively over 3 years (CAGR: +4.5%). Vs 2019, growth of +21% (260 k€ -> 315 k€). After deducting consumption (177 k€), gross margin stands at 138 k€, i.e. a rate of 44%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 6 k€, representing 1.8% of revenue. Warning negative scissor effect: despite revenue change (+21%), EBITDA varies by -60%, reducing margin by 3.5 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 4 k€, i.e. 1.2% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 55%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 57%. 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 11.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 821.86. 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 3.8x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 56 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 23 days. The gap of 33 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 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 65 days of revenue, i.e. 57 k€ to permanently finance. Over 2016-2021, WCR increased by +483%, requiring additional financing.

Indicative estimate only : the number of comparable transactions in this sector is limited (27 transactions). This range of 14 326€ to 34 304€ is provided for information purposes only and requires in-depth analysis to be confirmed.