RESIDENCE DU ROND-POINT DES DEUX GOLFS : revenue, balance sheet and financial ratios

In 2024, RESIDENCE DU ROND-POINT DES DEUX GOLFS achieves revenue of 827 k€. Revenue is growing positively over 9 years (CAGR: +1.5%). Vs 2023: +4%. After deducting consumption (0 €), gross margin stands at 827 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 547 k€, representing 66.2% of revenue. Warning negative scissor effect: despite revenue change (+4%), EBITDA varies by -30%, reducing margin by 31.3 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 513 k€, i.e. 62.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 124%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 45%. 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 160.5 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 6.4% 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 1770.99. 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 90.4x. 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: 2 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. Excellent situation: suppliers finance 47 days of the operating cycle (retail model). Overall, WCR represents 30 days of revenue, i.e. 68 k€ to permanently finance. Over 2016-2024, WCR increased by +719%, requiring additional financing.

Based on 277 transactions of similar company sales (all years), the value of RESIDENCE DU ROND-POINT DES DEUX GOLFS is estimated at 662 774 € (range 211 880€ - 1 954 696€). With an EBITDA of 547 447€, 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.