LE PARTAGE ET LE FAIR-PLAY : revenue, balance sheet and financial ratios

In 2025, LE PARTAGE ET LE FAIR-PLAY achieves revenue of 312 k€. Over the period 2023-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +108.2%. Vs 2024, growth of +49% (210 k€ -> 312 k€). After deducting consumption (0 €), gross margin stands at 312 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 3 k€, representing 1.0% of revenue. Warning negative scissor effect: despite revenue change (+49%), EBITDA varies by -90%, reducing margin by 14.9 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 551 k€, i.e. 176.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 58%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 59%. 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 1.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 176.5% 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 127.56. 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 292.6x. 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: 63 days. The gap of 55 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 29 days of revenue, i.e. 25 k€ to permanently finance. Notable WCR improvement over the period (-49%), freeing up cash.

Based on 170 transactions of similar company sales (all years), the value of LE PARTAGE ET LE FAIR-PLAY is estimated at 1 219 126 € (range 758 748€ - 1 872 727€). With an EBITDA of 3 216€, the sector multiple of 6.8x is applied. The price/revenue ratio is 0.71x (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.