LE BEAU RIVAGE : revenue, balance sheet and financial ratios

In 2024, LE BEAU RIVAGE achieves revenue of 724 k€. Activity remains stable over the period (CAGR: -0.9%). Significant drop of -25% vs 2023. After deducting consumption (235 k€), gross margin stands at 489 k€, i.e. a rate of 68%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 20 k€, representing 2.8% of revenue. Warning negative scissor effect: despite revenue change (-25%), EBITDA varies by -83%, reducing margin by 9.6 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -28 k€ (-3.8% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -22528%. 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 61%. 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 39.9 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 59.21. 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 117.3x. 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 16 days. Favorable situation: supplier credit is longer than customer credit by 16 days. Inventory turnover is 37 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-137 days): operations structurally generate cash. Notable WCR improvement over the period (-167%), freeing up cash.

Based on 698 transactions of similar company sales in 2024, the value of LE BEAU RIVAGE is estimated at 222 883 € (range 123 459€ - 361 838€). With an EBITDA of 20 202€, the sector multiple of 5.4x is applied. The price/revenue ratio is 0.57x (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.