FONCIERE PETRUS : revenue, balance sheet and financial ratios

In 2024, FONCIERE PETRUS achieves revenue of 2.4 M€. Over the period 2015-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +19.0%. Vs 2021, growth of +72% (1.4 M€ -> 2.4 M€). After deducting consumption (15 k€), gross margin stands at 2.4 M€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.3 M€, representing 55.7% of revenue. Warning negative scissor effect: despite revenue change (+72%), EBITDA varies by +42%, reducing margin by 11.9 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 154 k€, i.e. 6.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 1438%. 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 6%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 19.5 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 37.3% 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 153.04. 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 27.1x. 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: 83 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 432 days. Excellent situation: suppliers finance 349 days of the operating cycle (retail model). Overall, WCR represents 237 days of revenue, i.e. 1.6 M€ to permanently finance. Over 2015-2024, WCR increased by +738%, requiring additional financing.

Based on 169 transactions of similar company sales in 2024, the value of FONCIERE PETRUS is estimated at 4 499 090 € (range 1 266 120€ - 8 082 508€). With an EBITDA of 1 326 322€, 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.