MONDIALE PISCINE : revenue, balance sheet and financial ratios

In 2024, MONDIALE PISCINE achieves revenue of 14.6 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +9.3%. Significant drop of -18% vs 2023. After deducting consumption (9.8 M€), gross margin stands at 4.8 M€, i.e. a rate of 33%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 201 k€, representing 1.4% of revenue. Warning negative scissor effect: despite revenue change (-18%), EBITDA varies by -92%, reducing margin by 12.0 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 636 k€, i.e. 4.3% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 72%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 4.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 367.48. 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 16.3x. 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: 32 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 33 days. Favorable situation: supplier credit is longer than customer credit by 1 days. Inventory turnover is 80 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 132 days of revenue, i.e. 5.3 M€ to permanently finance. Over 2016-2024, WCR increased by +339%, requiring additional financing.

Based on 145 transactions of similar company sales (all years), the value of MONDIALE PISCINE is estimated at 1 524 107 € (range 652 787€ - 3 632 389€). With an EBITDA of 201 132€, the sector multiple of 2.6x is applied. The price/revenue ratio is 0.19x (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.