GYPSE DE MAURIENNE : revenue, balance sheet and financial ratios

In 2024, GYPSE DE MAURIENNE achieves revenue of 3.3 M€. Revenue is growing positively over 9 years (CAGR: +1.8%). Significant drop of -10% vs 2023. After deducting consumption (57 k€), gross margin stands at 3.2 M€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 72 k€, representing 2.2% of revenue. Warning negative scissor effect: despite revenue change (-10%), EBITDA varies by -93%, reducing margin by 24.2 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -321 k€ (-9.7% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 43%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 120.99. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 34 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 167 days. Excellent situation: suppliers finance 133 days of the operating cycle (retail model). Inventory turnover is 54 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 155 days of revenue, i.e. 1.4 M€ to permanently finance. Over 2016-2024, WCR increased by +510%, requiring additional financing.

Based on 110 transactions of similar company sales (all years), the value of GYPSE DE MAURIENNE is estimated at 283 463 € (range 139 629€ - 945 690€). With an EBITDA of 72 141€, the sector multiple of 1.5x is applied. The price/revenue ratio is 0.17x (conservative valuation). 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.