FONCIERE REUNION OCEAN INDIEN : revenue, balance sheet and financial ratios

In 2024, FONCIERE REUNION OCEAN INDIEN achieves revenue of 2.5 M€. Over the period 2013-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +20.4%. Vs 2023, growth of +904% (245 k€ -> 2.5 M€). After deducting consumption (161 k€), gross margin stands at 2.3 M€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 272 k€, representing 11.0% of revenue. Warning negative scissor effect: despite revenue change (+904%), EBITDA varies by +94%, reducing margin by 46.2 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 385 k€, i.e. 15.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 5%. 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 93%. 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 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 17.3% 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 1735.33. 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 1.1x. Coverage is limited: any activity downturn would jeopardize interest payments.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 5 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 67 days. Excellent situation: suppliers finance 62 days of the operating cycle (retail model). Overall, WCR represents 27 days of revenue, i.e. 185 k€ to permanently finance. Over 2013-2024, WCR increased by +4557%, requiring additional financing.

Based on 169 transactions of similar company sales in 2024, the value of FONCIERE REUNION OCEAN INDIEN is estimated at 1 881 773 € (range 586 988€ - 3 421 803€). With an EBITDA of 271 849€, 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.