ETUDE REALISATION GESTION HOTELIERE : revenue, balance sheet and financial ratios

In 2024, ETUDE REALISATION GESTION HOTELIERE achieves revenue of 2.7 M€. Revenue is growing positively over 8 years (CAGR: +1.2%). Vs 2023: +2%. After deducting consumption (2 k€), gross margin stands at 2.7 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 735 k€, representing 26.9% of revenue. Warning negative scissor effect: despite revenue change (+2%), EBITDA varies by -36%, reducing margin by 15.9 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 2.4 M€, i.e. 87.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 22%. 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 70%. 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 2.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 87.4% 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 64.21. 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 12.5x. 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: 290 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 9 days. The gap of 281 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-313 days): operations structurally generate cash. Over 2016-2024, WCR increased by +24%, requiring additional financing.

Based on 54 transactions of similar company sales in 2024, the value of ETUDE REALISATION GESTION HOTELIERE is estimated at 2 955 572 € (range 1 044 776€ - 7 194 067€). With an EBITDA of 735 051€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.59x (in line with sector norms). 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.