MOULIN DES CINQ RAMEAUX : revenue, balance sheet and financial ratios

In 2021, MOULIN DES CINQ RAMEAUX achieves revenue of 241 k€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +5.5%. Vs 2020, growth of +35% (179 k€ -> 241 k€). After deducting consumption (102 k€), gross margin stands at 139 k€, i.e. a rate of 58%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 53 k€, representing 21.8% of revenue. Positive scissor effect: EBITDA margin improves by +22.8 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 38 k€, i.e. 15.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 34%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 21%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 22.1% 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 188.31. 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 3.4x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 42 days. Excellent situation: suppliers finance 42 days of the operating cycle (retail model). Inventory turnover is 90 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 33 days of revenue, i.e. 22 k€ to permanently finance. Over 2016-2021, WCR increased by +186%, requiring additional financing.

Based on 291 transactions of similar company sales in 2021, the value of MOULIN DES CINQ RAMEAUX is estimated at 157 340 € (range 75 185€ - 312 568€). With an EBITDA of 52 507€, the sector multiple of 4.0x is applied. The price/revenue ratio is 0.24x (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.