INITIATIVE CITOYENNE POUR UNE ENERGIE ALTERNATIVE : revenue, balance sheet and financial ratios

In 2024, INITIATIVE CITOYENNE POUR UNE ENERGIE ALTERNATIVE achieves revenue of 55 k€. Over the period 2018-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +43.3%. Vs 2023, growth of +20% (46 k€ -> 55 k€). After deducting consumption (0 €), gross margin stands at 55 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 37 k€, representing 67.6% of 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 15 k€, i.e. 27.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 56%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 63%. 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 5.2 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 63.7% 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 921.80. 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 11.0x. 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: 227 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 10 days. The gap of 217 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 241 days of revenue, i.e. 37 k€ to permanently finance. Over 2018-2024, WCR increased by +429%, requiring additional financing.

Based on 85 transactions of similar company sales (all years), the value of INITIATIVE CITOYENNE POUR UNE ENERGIE ALTERNATIVE is estimated at 64 777 € (range 9 345€ - 257 536€). With an EBITDA of 37 005€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.69x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.