JOUBERT AUTOMOBILES : revenue, balance sheet and financial ratios

In 2024, JOUBERT AUTOMOBILES achieves revenue of 2.2 M€. Revenue is growing positively over 9 years (CAGR: +0.5%). Vs 2023, growth of +11% (1.9 M€ -> 2.2 M€). After deducting consumption (1.2 M€), gross margin stands at 960 k€, i.e. a rate of 45%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 140 k€, representing 6.5% of revenue. Warning negative scissor effect: despite revenue change (+11%), EBITDA varies by -27%, reducing margin by 3.4 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 73 k€, i.e. 3.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 53%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 54%. 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 3.5 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 5.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 413.04. 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 9.3x. 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: 35 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 27 days. The company must finance 8 days of gap between collections and payments. Inventory turnover is 83 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 111 days of revenue, i.e. 662 k€ to permanently finance. Over 2016-2024, WCR increased by +78%, requiring additional financing.

Based on 147 transactions of similar company sales in 2024, the value of JOUBERT AUTOMOBILES is estimated at 676 641 € (range 319 301€ - 1 198 325€). With an EBITDA of 139 922€, the sector multiple of 5.5x is applied. The price/revenue ratio is 0.35x (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.