PISCINES DESJOYAUX SA : revenue, balance sheet and financial ratios

In 2025, PISCINES DESJOYAUX SA achieves revenue of 80.4 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +41.6%. Significant drop of -17% vs 2024. After deducting consumption (35.8 M€), gross margin stands at 44.6 M€, i.e. a rate of 56%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 14.8 M€, representing 18.4% of revenue. Warning negative scissor effect: despite revenue change (-17%), EBITDA varies by -29%, reducing margin by 3.1 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 6.0 M€, i.e. 7.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 38%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 67%. 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 2.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 16.7% 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 553.99. 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 4.9x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 33 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 33 days. Inventory turnover is 55 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 55 days of revenue, i.e. 12.2 M€ to permanently finance. Over 2016-2025, WCR increased by +109%, requiring additional financing.

Based on 76 transactions of similar company sales (all years), the value of PISCINES DESJOYAUX SA is estimated at 16 304 431 € (range 6 708 720€ - 35 432 004€). With an EBITDA of 14 767 847€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.20x (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.