GROUPE GJ IMMOBILIER : revenue, balance sheet and financial ratios

In 2024, GROUPE GJ IMMOBILIER achieves revenue of 165 k€. Over the period 2018-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +49.3%. Significant drop of -32% vs 2023. After deducting consumption (-195 k€), gross margin stands at 360 k€, i.e. a rate of 218%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 15 k€, representing 9.2% of revenue. Warning negative scissor effect: despite revenue change (-32%), EBITDA varies by -88%, reducing margin by 42.7 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 188 €, i.e. 0.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 295%. 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 24%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 113.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 5.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 1199.73. 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 87.4x. 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 82 days. Excellent situation: suppliers finance 82 days of the operating cycle (retail model). Inventory turnover is 1135 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 1732 days of revenue, i.e. 795 k€ to permanently finance. Over 2018-2024, WCR increased by +12575%, requiring additional financing.

Based on 54 transactions of similar company sales in 2024, the value of GROUPE GJ IMMOBILIER is estimated at 65 952 € (range 24 414€ - 98 232€). With an EBITDA of 15 176€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.59x (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.