FONCIERE CHATEAUX CNB : revenue, balance sheet and financial ratios

In 2024, FONCIERE CHATEAUX CNB achieves revenue of 1.2 M€. Revenue is growing positively over 9 years (CAGR: +2.9%). Significant drop of -27% vs 2023. After deducting consumption (0 €), gross margin stands at 1.2 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 166 k€, representing 13.4% of revenue. Warning negative scissor effect: despite revenue change (-27%), EBITDA varies by -76%, reducing margin by 27.9 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 86 k€, i.e. 7.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 301%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 12.2% 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 59.03. 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 5.9x. 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: 19 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 274 days. Excellent situation: suppliers finance 255 days of the operating cycle (retail model). Overall, WCR represents 157 days of revenue, i.e. 541 k€ to permanently finance. Over 2016-2024, WCR increased by +435%, requiring additional financing.

Based on 169 transactions of similar company sales in 2024, the value of FONCIERE CHATEAUX CNB is estimated at 881 310 € (range 272 662€ - 1 600 400€). With an EBITDA of 165 895€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (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.