HELIOS MANAGEMENT : revenue, balance sheet and financial ratios

In 2024, HELIOS MANAGEMENT achieves revenue of 456 k€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +49.8%. Significant drop of -58% vs 2023. After deducting consumption (0 €), gross margin stands at 456 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 380 k€, representing 83.4% of revenue. Warning negative scissor effect: despite revenue change (-58%), EBITDA varies by -63%, reducing margin by 10.7 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 275 k€, i.e. 60.2% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 46%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 68%. 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 2.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 62.9% 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 6034.59. 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 9.9x. 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: 32 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 6 days. The company must finance 26 days of gap between collections and payments. Overall, WCR represents 20 days of revenue, i.e. 25 k€ to permanently finance. Notable WCR improvement over the period (-91%), freeing up cash.

Based on 173 transactions of similar company sales (all years), the value of HELIOS MANAGEMENT is estimated at 898 885 € (range 268 718€ - 1 905 833€). With an EBITDA of 379 933€, the sector multiple of 3.4x is applied. The price/revenue ratio is 0.38x (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.