PATHE MONTATAIRE IMMOBILIER : revenue, balance sheet and financial ratios

In 2024, PATHE MONTATAIRE IMMOBILIER achieves revenue of 871 k€. Revenue is declining over the period 2016-2024 (CAGR: -21.6%). Slight decline of -3% vs 2023. After deducting consumption (0 €), gross margin stands at 871 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 733 k€, representing 84.2% of revenue. Warning negative scissor effect: despite revenue change (-3%), EBITDA varies by -6%, reducing margin by 2.6 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 436 k€, i.e. 50.1% 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 98%. 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 65.6% 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 702.28. 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 1.6x. Coverage is limited: any activity downturn would jeopardize interest payments.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 59 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 221 days. Excellent situation: suppliers finance 162 days of the operating cycle (retail model). Overall, WCR represents 71 days of revenue, i.e. 171 k€ to permanently finance. Notable WCR improvement over the period (-92%), freeing up cash.

Based on 277 transactions of similar company sales (all years), the value of PATHE MONTATAIRE IMMOBILIER is estimated at 755 371 € (range 248 821€ - 2 228 802€). With an EBITDA of 732 993€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.29x (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.