INSTITUT DE FORMATION ET DE PERFECTIONNEMENT AUX METIERS DE LA SANTE : revenue, balance sheet and financial ratios

In 2024, INSTITUT DE FORMATION ET DE PERFECTIONNEMENT AUX METIERS DE LA SANTE achieves revenue of 359 k€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +25.1%. Vs 2023, growth of +209% (116 k€ -> 359 k€). After deducting consumption (0 €), gross margin stands at 359 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 209 k€, representing 58.2% of revenue. Positive scissor effect: EBITDA margin improves by +32.2 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 137 k€, i.e. 38.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 287%. 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 20%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.6 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 38.1% 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 422.95. 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 8.7x. 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: 658 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 81 days. The gap of 577 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 666 days of revenue, i.e. 664 k€ to permanently finance. Over 2016-2024, WCR increased by +313%, requiring additional financing.

Based on 134 transactions of similar company sales (all years), the value of INSTITUT DE FORMATION ET DE PERFECTIONNEMENT AUX METIERS DE LA SANTE is estimated at 345 570 € (range 124 977€ - 1 099 521€). With an EBITDA of 209 092€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.36x (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.