LA MAISON DES INGENIEURS ETP : revenue, balance sheet and financial ratios

In 2024, LA MAISON DES INGENIEURS ETP achieves revenue of 530 k€. Activity remains stable over the period (CAGR: -2.3%). Vs 2022: +3%. After deducting consumption (0 €), gross margin stands at 530 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 122 k€, representing 23.0% of revenue. Warning negative scissor effect: despite revenue change (+3%), EBITDA varies by -48%, reducing margin by 22.1 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -46 k€ (-8.6% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 38%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 68%. 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 10.5 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 19.7% 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 217.26. 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 27.7x. 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: 86 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 192 days. Excellent situation: suppliers finance 106 days of the operating cycle (retail model). Overall, WCR represents 307 days of revenue, i.e. 452 k€ to permanently finance. Over 2016-2024, WCR increased by +315%, requiring additional financing.

Based on 169 transactions of similar company sales in 2024, the value of LA MAISON DES INGENIEURS ETP is estimated at 586 957 € (range 174 204€ - 1 060 457€). With an EBITDA of 121 883€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (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.