NEXITY IR PROGRAMMES RHONE BOURGOGNE AUVERGNE : revenue, balance sheet and financial ratios

In 2024, NEXITY IR PROGRAMMES RHONE BOURGOGNE AUVERGNE achieves revenue of 111.9 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +175.2%. Significant drop of -20% vs 2023. After deducting consumption (0 €), gross margin stands at 111.9 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 8.4 M€, representing 7.5% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.6 M€, i.e. 1.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 250%. 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 4%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 4.6 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 6.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 533.27. 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 10.2x. 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: 298 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 88 days. The gap of 210 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 615 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 265 days of revenue, i.e. 82.4 M€ to permanently finance.

Based on 80 transactions of similar company sales (all years), the value of NEXITY IR PROGRAMMES RHONE BOURGOGNE AUVERGNE is estimated at 14 383 204 € (range 5 359 890€ - 38 058 059€). With an EBITDA of 8 422 112€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.28x (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.