IMMOBILIERE ATELIERS DAVID : revenue, balance sheet and financial ratios

In 2024, IMMOBILIERE ATELIERS DAVID achieves revenue of 321 k€. Revenue is growing positively over 9 years (CAGR: +1.1%). Vs 2023: +6%. After deducting consumption (0 €), gross margin stands at 321 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 270 k€, representing 84.0% of revenue. Warning negative scissor effect: despite revenue change (+6%), EBITDA varies by +3%, reducing margin by 2.2 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 112 k€, i.e. 35.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 19%. 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 82%. 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 1.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 70.4% 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 349.10. 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 2.3x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 35 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 18 days. The company must finance 17 days of gap between collections and payments. WCR is negative (-67 days): operations structurally generate cash. Notable WCR improvement over the period (-240%), freeing up cash.

Based on 169 transactions of similar company sales in 2024, the value of IMMOBILIERE ATELIERS DAVID is estimated at 985 635 € (range 275 525€ - 1 769 947€). With an EBITDA of 269 621€, 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.