GROUPE FONCIERE WAGRAM : revenue, balance sheet and financial ratios

In 2025, GROUPE FONCIERE WAGRAM achieves revenue of 197 k€. Revenue is declining over the period 2017-2025 (CAGR: -7.1%). Significant drop of -78% vs 2024. After deducting consumption (0 €), gross margin stands at 197 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 18 k€, representing 9.0% of revenue. Warning negative scissor effect: despite revenue change (-78%), EBITDA varies by -91%, reducing margin by 14.3 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Net income is negative at -71 k€ (-36.2% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 138%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 30%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 44.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 12.8% 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 257.48. 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 78.2x. 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: 682 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 2150 days. Excellent situation: suppliers finance 1468 days of the operating cycle (retail model). Inventory turnover is 2892 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 3006 days of revenue, i.e. 1.6 M€ to permanently finance. Over 2017-2025, WCR increased by +3834%, requiring additional financing.

Based on 117 transactions of similar company sales in 2025, the value of GROUPE FONCIERE WAGRAM is estimated at 97 578 € (range 51 304€ - 246 897€). With an EBITDA of 17 754€, the sector multiple of 2.7x is applied. The price/revenue ratio is 0.92x (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.