GONCOURT OLIVIERS : revenue, balance sheet and financial ratios

In 2024, GONCOURT OLIVIERS achieves revenue of 1.5 M€. Revenue is growing positively over 9 years (CAGR: +1.1%). Slight decline of -6% vs 2023. After deducting consumption (0 €), gross margin stands at 1.5 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 522 k€, representing 34.2% of revenue. Warning negative scissor effect: despite revenue change (-6%), EBITDA varies by -54%, reducing margin by 36.3 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -444 k€ (-29.1% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -782%. 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 -14%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 91.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 7.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 281.31. 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 80.2x. 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: 254 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 27 days. The gap of 227 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 235 days of revenue, i.e. 997 k€ to permanently finance. Over 2016-2024, WCR increased by +656%, requiring additional financing.

Based on 169 transactions of similar company sales in 2024, the value of GONCOURT OLIVIERS is estimated at 2 288 546 € (range 659 992€ - 4 121 642€). With an EBITDA of 522 012€, 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.