PATHE MACON IMMOBILIER : revenue, balance sheet and financial ratios

In 2024, PATHE MACON IMMOBILIER achieves revenue of 597 k€. Revenue is declining over the period 2016-2024 (CAGR: -21.2%). Slight decline of -0% vs 2023. After deducting consumption (0 €), gross margin stands at 597 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 524 k€, representing 87.8% of revenue. Warning negative scissor effect: despite revenue change (-0%), EBITDA varies by -3%, reducing margin by 2.1 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 324 k€, i.e. 54.3% 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 99%. 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 93.9% 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 1688.24. 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 0.6x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 62 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 129 days. Excellent situation: suppliers finance 67 days of the operating cycle (retail model). Overall, WCR represents 1060 days of revenue, i.e. 1.8 M€ to permanently finance. Over 2016-2024, WCR increased by +250%, requiring additional financing.

Based on 169 transactions of similar company sales in 2024, the value of PATHE MACON IMMOBILIER is estimated at 2 054 029 € (range 576 570€ - 3 690 742€). With an EBITDA of 524 217€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (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.