MARTINOT IMMOBILIER ENTREPRISE ET COMMERCE : revenue, balance sheet and financial ratios

In 2024, MARTINOT IMMOBILIER ENTREPRISE ET COMMERCE achieves revenue of 73 k€. Revenue is growing positively over 5 years (CAGR: +1.6%). Slight decline of -4% vs 2023. After deducting consumption (0 €), gross margin stands at 73 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 60 k€, representing 82.5% of revenue. Positive scissor effect: EBITDA margin improves by +63.4 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 8 k€, i.e. 11.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at -110%. 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 -956%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 110.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 11.6% 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 1528.39. 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 86.0x. 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: 353 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 75 days. The gap of 278 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 414 days of revenue, i.e. 84 k€ to permanently finance. Over 2016-2024, WCR increased by +1110%, requiring additional financing.

Based on 64 transactions of similar company sales in 2024, the value of MARTINOT IMMOBILIER ENTREPRISE ET COMMERCE is estimated at 109 736 € (range 41 705€ - 133 131€). With an EBITDA of 60 390€, the sector multiple of 3.1x is applied. The price/revenue ratio is 0.33x (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.