PATRIMOINE DE 2MAINS : revenue, balance sheet and financial ratios

In 2024, PATRIMOINE DE 2MAINS achieves revenue of 91 k€. Over the period 2022-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +87.7%. Vs 2023, growth of +154% (36 k€ -> 91 k€). After deducting consumption (44 k€), gross margin stands at 47 k€, i.e. a rate of 51%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 17 k€, representing 19.2% of revenue. Warning negative scissor effect: despite revenue change (+154%), EBITDA varies by -22%, reducing margin by 43.6 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -823 € (-0.9% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 34133%. 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 83%. 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 43.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 15.6% 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 325.82. 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 86.4x. 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: 21 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 12 days. The company must finance 9 days of gap between collections and payments. Inventory turnover is 1442 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 1024 days of revenue, i.e. 258 k€ to permanently finance. Over 2022-2024, WCR increased by +1433%, requiring additional financing.

Based on 169 transactions of similar company sales in 2024, the value of PATRIMOINE DE 2MAINS is estimated at 88 369 € (range 26 616€ - 159 922€). With an EBITDA of 17 402€, 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.