KEOLIS CHATEAU THIERRY : revenue, balance sheet and financial ratios

In 2024, KEOLIS CHATEAU THIERRY achieves revenue of 369 k€. Revenue is declining over the period 2016-2024 (CAGR: -19.4%). Vs 2023: +4%. After deducting consumption (184 k€), gross margin stands at 185 k€, i.e. a rate of 50%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 191 k€, representing 51.8% of revenue. Warning negative scissor effect: despite revenue change (+4%), EBITDA varies by -26%, reducing margin by 21.2 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 42 k€, i.e. 11.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 6%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 36.77. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 1062 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 70 days. The gap of 992 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 69 days (= Average inventory / Cost of goods x 360). WCR is negative (-2266 days): operations structurally generate cash. Notable WCR improvement over the period (-516%), freeing up cash.

Based on 206 transactions of similar company sales (all years), the value of KEOLIS CHATEAU THIERRY is estimated at 484 850 € (range 224 366€ - 918 020€). With an EBITDA of 190 890€, the sector multiple of 4.2x is applied. The price/revenue ratio is 0.48x (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.