NIO 4 IMMO 6 : revenue, balance sheet and financial ratios

In 2024, NIO 4 IMMO 6 achieves revenue of 389 k€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +21.2%. Significant drop of -35% vs 2023. After deducting consumption (0 €), gross margin stands at 389 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 33 k€, representing 8.6% of revenue. Warning negative scissor effect: despite revenue change (-35%), EBITDA varies by -79%, reducing margin by 18.5 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 40 k€, i.e. 10.3% 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 71%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 29.3% 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 83.96. 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 99.8x. 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: 56 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 87 days. Excellent situation: suppliers finance 31 days of the operating cycle (retail model). WCR is negative (-478 days): operations structurally generate cash. Notable WCR improvement over the period (-666%), freeing up cash.

Based on 261 transactions of similar company sales (all years), the value of NIO 4 IMMO 6 is estimated at 224 160 € (range 127 777€ - 429 600€). With an EBITDA of 33 252€, the sector multiple of 5.3x is applied. The price/revenue ratio is 0.75x (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.