LA PASSERELLE SAINT MARTIN : revenue, balance sheet and financial ratios

In 2024, LA PASSERELLE SAINT MARTIN achieves revenue of 991 k€. Activity remains stable over the period (CAGR: -2.8%). Slight decline of -1% vs 2023. After deducting consumption (0 €), gross margin stands at 991 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 125 k€, representing 12.6% of revenue. Warning negative scissor effect: despite revenue change (-1%), EBITDA varies by -22%, reducing margin by 3.4 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 274 k€, i.e. 27.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 52%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 65%. 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 19.5 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 34.5% 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 3502.26. 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 114.7x. 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: 118 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 129 days. Favorable situation: supplier credit is longer than customer credit by 11 days. Overall, WCR represents 4123 days of revenue, i.e. 11.3 M€ to permanently finance. Over 2016-2024, WCR increased by +158%, requiring additional financing.

Based on 103 transactions of similar company sales in 2024, the value of LA PASSERELLE SAINT MARTIN is estimated at 947 943 € (range 286 501€ - 2 149 812€). With an EBITDA of 125 243€, the sector multiple of 5.0x is applied. The price/revenue ratio is 0.38x (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.