LA METROPOLITAINE D ENTREPRISE D ELECTRICITE : revenue, balance sheet and financial ratios

In 2024, LA METROPOLITAINE D ENTREPRISE D ELECTRICITE achieves revenue of 2.2 M€. Revenue is growing positively over 9 years (CAGR: +4.5%). Vs 2023: +1%. After deducting consumption (0 €), gross margin stands at 2.2 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 306 k€, representing 13.9% of revenue. Warning negative scissor effect: despite revenue change (+1%), EBITDA varies by -20%, reducing margin by 3.5 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 771 k€, i.e. 35.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 32%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 67%. 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 3.2 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 20.6% 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 704.54. 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 10.5x. 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: 219 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 19 days. The gap of 200 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 351 days of revenue, i.e. 2.1 M€ to permanently finance. Notable WCR improvement over the period (-22%), freeing up cash.

Based on 54 transactions of similar company sales in 2024, the value of LA METROPOLITAINE D ENTREPRISE D ELECTRICITE is estimated at 1 354 991 € (range 510 959€ - 2 891 251€). With an EBITDA of 306 443€, 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.