PISCINES MON DE PRA OUEST FRANCE : revenue, balance sheet and financial ratios

In 2024, PISCINES MON DE PRA OUEST FRANCE achieves revenue of 3.7 M€. Revenue is declining over the period 2023-2024 (CAGR: -24.5%). Significant drop of -24% vs 2023. After deducting consumption (1.8 M€), gross margin stands at 1.9 M€, i.e. a rate of 50%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 244 k€, representing 6.6% of revenue. Warning negative scissor effect: despite revenue change (-24%), EBITDA varies by -57%, reducing margin by 5.1 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 34 k€, i.e. 0.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 74%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 50%. 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 4.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 5.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 446.24. 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 13.5x. 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: 8 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 17 days. Favorable situation: supplier credit is longer than customer credit by 9 days. Inventory turnover is 57 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 63 days of revenue, i.e. 647 k€ to permanently finance.

Based on 76 transactions of similar company sales (all years), the value of PISCINES MON DE PRA OUEST FRANCE is estimated at 390 807 € (range 172 631€ - 691 277€). With an EBITDA of 244 274€, 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.