LAMARTINE DEVELOPPEMENT : revenue, balance sheet and financial ratios

In 2024, LAMARTINE DEVELOPPEMENT achieves revenue of 254 k€. Revenue is declining over the period 2017-2024 (CAGR: -30.7%). Significant drop of -31% vs 2023. After deducting consumption (0 €), gross margin stands at 254 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 101 k€, representing 39.7% of revenue. Warning negative scissor effect: despite revenue change (-31%), EBITDA varies by -49%, reducing margin by 13.9 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 316 k€, i.e. 124.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 9%. 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 91%. 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 8.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 124.7% 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 2864.92. 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 13.0x. 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: 175 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 59 days. The gap of 116 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 7600 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 8058 days of revenue, i.e. 5.7 M€ to permanently finance. Over 2017-2024, WCR increased by +128%, requiring additional financing.

Based on 69 transactions of similar company sales in 2024, the value of LAMARTINE DEVELOPPEMENT is estimated at 702 282 € (range 237 061€ - 1 494 304€). With an EBITDA of 100 778€, the sector multiple of 4.3x is applied. The price/revenue ratio is 0.66x (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.