HOTEL DES ANGES : revenue, balance sheet and financial ratios

In 2024, HOTEL DES ANGES achieves revenue of 2.9 M€. Revenue is growing positively over 9 years (CAGR: +4.5%). Vs 2023, growth of +53% (1.9 M€ -> 2.9 M€). After deducting consumption (691 k€), gross margin stands at 2.2 M€, i.e. a rate of 76%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.6 M€, representing 56.9% of revenue. Warning negative scissor effect: despite revenue change (+53%), EBITDA varies by +14%, reducing margin by 19.6 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 827 k€, i.e. 29.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 533%. 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 15%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 23.2 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 62.5% 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 23147.14. 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 56.1x. 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: 23 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 7 days. The company must finance 16 days of gap between collections and payments. Inventory turnover is 64 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 4444 days of revenue, i.e. 35.2 M€ to permanently finance. Over 2016-2024, WCR increased by +70%, requiring additional financing.

Based on 169 transactions of similar company sales in 2024, the value of HOTEL DES ANGES is estimated at 6 356 926 € (range 1 804 249€ - 11 434 622€). With an EBITDA of 1 621 581€, 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.