ETABLISSEMENTS BANNEWARTH : revenue, balance sheet and financial ratios

In 2024, ETABLISSEMENTS BANNEWARTH achieves revenue of 2.5 M€. Revenue is growing positively over 9 years (CAGR: +2.5%). Slight decline of -3% vs 2023. After deducting consumption (1.2 M€), gross margin stands at 1.3 M€, i.e. a rate of 53%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 140 k€, representing 5.6% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -25 k€ (-1.0% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 18%. 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 63%. 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 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 309.72. 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: 60 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 65 days. Favorable situation: supplier credit is longer than customer credit by 5 days. Inventory turnover is 72 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 153 days of revenue, i.e. 1.1 M€ to permanently finance. Over 2016-2024, WCR increased by +27%, requiring additional financing.

Based on 147 transactions of similar company sales in 2024, the value of ETABLISSEMENTS BANNEWARTH is estimated at 813 108 € (range 402 789€ - 1 402 577€). With an EBITDA of 140 361€, the sector multiple of 5.5x is applied. The price/revenue ratio is 0.35x (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.