LA REUNION VILLES PROPRES : revenue, balance sheet and financial ratios

In 2024, LA REUNION VILLES PROPRES achieves revenue of 3.0 M€. Revenue is declining over the period 2016-2024 (CAGR: -5.4%). Slight decline of -4% vs 2023. After deducting consumption (1.5 M€), gross margin stands at 1.5 M€, i.e. a rate of 50%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 120 k€, representing 4.0% of revenue. Warning negative scissor effect: despite revenue change (-4%), EBITDA varies by -41%, reducing margin by 2.5 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 10 k€, i.e. 0.3% 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 2%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

The liquidity ratio (= Current assets / Current liabilities) stands at 101.47. 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 76.9x. 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: 106 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 98 days. The company must finance 8 days of gap between collections and payments. Inventory turnover is 105 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 71 days of revenue, i.e. 596 k€ to permanently finance. Notable WCR improvement over the period (-67%), freeing up cash.

Based on 56 transactions of similar company sales in 2024, the value of LA REUNION VILLES PROPRES is estimated at 523 156 € (range 309 019€ - 730 984€). With an EBITDA of 119 580€, the sector multiple of 3.3x is applied. The price/revenue ratio is 0.35x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.