IMMOBILIERE MAGNIN : revenue, balance sheet and financial ratios

In 2023, IMMOBILIERE MAGNIN achieves revenue of 7.6 M€. Over the period 2019-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +7.2%. Vs 2022, growth of +20% (6.4 M€ -> 7.6 M€). After deducting consumption (2.0 M€), gross margin stands at 5.6 M€, i.e. a rate of 73%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.1 M€, representing 15.0% of revenue. Positive scissor effect: EBITDA margin improves by +7.2 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 621 k€, i.e. 8.2% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 21%. 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 53%. 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 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 9.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 264.24. 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 0.7x. 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: 75 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 54 days. The company must finance 21 days of gap between collections and payments. Inventory turnover is 74 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 122 days of revenue, i.e. 2.6 M€ to permanently finance. Over 2019-2023, WCR increased by +35%, requiring additional financing.

Based on 215 transactions of similar company sales in 2023, the value of IMMOBILIERE MAGNIN is estimated at 4 811 953 € (range 1 535 043€ - 8 756 009€). With an EBITDA of 1 142 392€, the sector multiple of 5.2x is applied. The price/revenue ratio is 0.51x (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.