MCA BUREAUTIQUE : revenue, balance sheet and financial ratios

In 2024, MCA BUREAUTIQUE achieves revenue of 24.4 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +20.5%. Vs 2023, growth of +120% (11.1 M€ -> 24.4 M€). After deducting consumption (9.7 M€), gross margin stands at 14.7 M€, i.e. a rate of 60%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.5 M€, representing 6.0% of revenue. Warning negative scissor effect: despite revenue change (+120%), EBITDA varies by +11%, reducing margin by 5.9 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 4 k€, i.e. 0.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 159%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 17%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 18.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 107.52. 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 18.8x. 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: 107 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 225 days. Excellent situation: suppliers finance 118 days of the operating cycle (retail model). Inventory turnover is 70 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 127 days of revenue, i.e. 8.6 M€ to permanently finance. Over 2016-2024, WCR increased by +178%, requiring additional financing.

Based on 215 transactions of similar company sales (all years), the value of MCA BUREAUTIQUE is estimated at 1 891 789 € (range 901 215€ - 5 309 843€). With an EBITDA of 1 463 544€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.16x (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.