LES TRAVAUX DU CAPISCOL 2 : revenue, balance sheet and financial ratios

In 2024, LES TRAVAUX DU CAPISCOL 2 achieves revenue of 2.9 M€. Over the period 2019-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +14.2%. Vs 2022, growth of +47% (2.0 M€ -> 2.9 M€). After deducting consumption (1.8 M€), gross margin stands at 1.2 M€, i.e. a rate of 40%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 193 k€, representing 6.6% of revenue. Warning negative scissor effect: despite revenue change (+47%), EBITDA varies by -13%, reducing margin by 4.5 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 176 k€, i.e. 6.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 15%. 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 38%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 165.20. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 34 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 23 days. The company must finance 11 days of gap between collections and payments. Inventory turnover is 11 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 63 days of revenue, i.e. 514 k€ to permanently finance. Over 2019-2024, WCR increased by +75%, requiring additional financing.

Based on 147 transactions of similar company sales in 2024, the value of LES TRAVAUX DU CAPISCOL 2 is estimated at 999 551 € (range 462 565€ - 1 805 258€). With an EBITDA of 193 186€, the sector multiple of 5.5x 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.