ENTREPRISE GENERALE D ETUDES ET DE TRAVAUX D ETANCHEITE G.E.T : revenue, balance sheet and financial ratios

In 2024, ENTREPRISE GENERALE D ETUDES ET DE TRAVAUX D ETANCHEITE G.E.T achieves revenue of 169 k€. Revenue is declining over the period 2016-2024 (CAGR: -11.1%). Significant drop of -17% vs 2023. After deducting consumption (0 €), gross margin stands at 169 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 78 k€, representing 46.2% of revenue. Warning negative scissor effect: despite revenue change (-17%), EBITDA varies by -32%, reducing margin by 9.7 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 57 k€, i.e. 33.5% 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 97%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 56.5% 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 2799.78. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 38 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 0 days. The gap of 38 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 73 days of revenue, i.e. 34 k€ to permanently finance. Notable WCR improvement over the period (-47%), freeing up cash.

Based on 276 transactions of similar company sales (all years), the value of ENTREPRISE GENERALE D ETUDES ET DE TRAVAUX D ETANCHEITE G.E.T is estimated at 723 552 € (range 125 896€ - 1 197 887€). With an EBITDA of 78 049€, the sector multiple of 11.9x is applied. The price/revenue ratio is 2.33x (premium 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.