MEDIA CAP : revenue, balance sheet and financial ratios

In 2024, MEDIA CAP achieves revenue of 341 k€. Revenue is growing positively over 9 years (CAGR: +1.0%). Slight decline of -2% vs 2023. After deducting consumption (0 €), gross margin stands at 341 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 243 k€, representing 71.2% of revenue. Warning negative scissor effect: despite revenue change (-2%), EBITDA varies by -6%, reducing margin by 3.6 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 206 k€, i.e. 60.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 68%. 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 14.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 73.9% 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 1314.10. 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 36.2x. 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: 332 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 31 days. The gap of 301 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 385 days of revenue, i.e. 364 k€ to permanently finance. Over 2016-2024, WCR increased by +872%, requiring additional financing.

Based on 54 transactions of similar company sales in 2024, the value of MEDIA CAP is estimated at 706 699 € (range 175 062€ - 1 389 734€). With an EBITDA of 242 507€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.59x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.