GL EVENTS PARC DES EXPOSITIONS DE METZ METROPOLE : revenue, balance sheet and financial ratios

In 2024, GL EVENTS PARC DES EXPOSITIONS DE METZ METROPOLE achieves revenue of 8.3 M€. Revenue is growing positively over 9 years (CAGR: +0.5%). Significant drop of -10% vs 2023. After deducting consumption (311 k€), gross margin stands at 8.0 M€, i.e. a rate of 96%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 794 k€, representing 9.6% of revenue. Warning negative scissor effect: despite revenue change (-10%), EBITDA varies by -52%, reducing margin by 8.3 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 143 k€, i.e. 1.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 1139%. 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 4%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 9.6 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 4.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 64.41. 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 24.5x. 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: 72 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 185 days. Excellent situation: suppliers finance 113 days of the operating cycle (retail model). Overall, WCR represents 65 days of revenue, i.e. 1.5 M€ to permanently finance. Over 2016-2024, WCR increased by +65%, requiring additional financing.

Based on 63 transactions of similar company sales (all years), the value of GL EVENTS PARC DES EXPOSITIONS DE METZ METROPOLE is estimated at 2 363 327 € (range 971 619€ - 5 776 086€). With an EBITDA of 794 393€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.68x (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.