LA GENERALE DES PARTICIPATIONS MAJORITAIRES : revenue, balance sheet and financial ratios

In 2024, LA GENERALE DES PARTICIPATIONS MAJORITAIRES achieves revenue of 965 k€. Activity remains stable over the period (CAGR: -3.0%). Significant drop of -13% vs 2023. After deducting consumption (15 k€), gross margin stands at 950 k€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 720 k€, representing 74.6% of revenue. Positive scissor effect: EBITDA margin improves by +4.1 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 181 k€, i.e. 18.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 64%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 61%. 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 15.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 62.5% 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 401.34. 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 23.4x. 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: 13 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 11 days. The company must finance 2 days of gap between collections and payments. Overall, WCR represents 772 days of revenue, i.e. 2.1 M€ to permanently finance. Notable WCR improvement over the period (-43%), freeing up cash.

Based on 54 transactions of similar company sales in 2024, the value of LA GENERALE DES PARTICIPATIONS MAJORITAIRES is estimated at 1 963 745 € (range 434 299€ - 3 471 791€). With an EBITDA of 719 866€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.59x (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.