SEM PATRIMONIALE REGION GUADELOUPE : revenue, balance sheet and financial ratios

In 2021, SEM PATRIMONIALE REGION GUADELOUPE achieves revenue of 4.1 M€. Revenue is declining over the period 2016-2021 (CAGR: -12.1%). Vs 2020, growth of +11% (3.7 M€ -> 4.1 M€). After deducting consumption (22 k€), gross margin stands at 4.1 M€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 393 k€, representing 9.5% of revenue. Warning negative scissor effect: despite revenue change (+11%), EBITDA varies by -34%, reducing margin by 6.5 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 129 k€, i.e. 3.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 61%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 51%. 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 25.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 9.2% 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 172.57. 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 37.1x. 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: 353 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 108 days. The gap of 245 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 301 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 681 days of revenue, i.e. 7.8 M€ to permanently finance. Notable WCR improvement over the period (-29%), freeing up cash.

Based on 178 transactions of similar company sales in 2021, the value of SEM PATRIMONIALE REGION GUADELOUPE is estimated at 1 964 431 € (range 825 002€ - 4 193 433€). With an EBITDA of 392 721€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.70x (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.