SNC DU CENTRE COMMERCIAL CORMONTREUIL 2 : revenue, balance sheet and financial ratios

In 2024, SNC DU CENTRE COMMERCIAL CORMONTREUIL 2 achieves revenue of 2.9 M€. Revenue is growing positively over 8 years (CAGR: +1.3%). Vs 2023: +9%. After deducting consumption (887 k€), gross margin stands at 2.0 M€, i.e. a rate of 69%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.8 M€, representing 63.7% of revenue. Warning negative scissor effect: despite revenue change (+9%), EBITDA varies by +2%, reducing margin by 3.9 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 2.1 M€, i.e. 73.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 359%. 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 21%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 10.0 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 67.4% 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 2027.56. 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 79.2x. 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: 48 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 0 days. The gap of 48 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 2325 days of revenue, i.e. 18.7 M€ to permanently finance. Over 2016-2024, WCR increased by +104%, requiring additional financing.

Based on 169 transactions of similar company sales in 2024, the value of SNC DU CENTRE COMMERCIAL CORMONTREUIL 2 is estimated at 8 761 067 € (range 2 505 899€ - 15 779 004€). With an EBITDA of 1 839 868€, 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.