ETABLISSEMENTS CAMILLE MACE : revenue, balance sheet and financial ratios

In 2024, ETABLISSEMENTS CAMILLE MACE achieves revenue of 2.1 M€. Revenue is growing positively over 9 years (CAGR: +4.7%). Significant drop of -12% vs 2023. After deducting consumption (0 €), gross margin stands at 2.1 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 118 k€, representing 5.6% of revenue. Warning negative scissor effect: despite revenue change (-12%), EBITDA varies by -77%, reducing margin by 15.9 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 799 k€, i.e. 38.3% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 48%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 66%. 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 4.4 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 76.2% 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 331.96. 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 758.1x. 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: 35 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 85 days. Excellent situation: suppliers finance 50 days of the operating cycle (retail model). Overall, WCR represents 60 days of revenue, i.e. 348 k€ to permanently finance. Notable WCR improvement over the period (-45%), freeing up cash.

Based on 173 transactions of similar company sales (all years), the value of ETABLISSEMENTS CAMILLE MACE is estimated at 1 005 735 € (range 353 583€ - 2 457 686€). With an EBITDA of 117 524€, the sector multiple of 3.4x is applied. The price/revenue ratio is 0.38x (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.