SOC EXPLOITATION MUSEE RHUM REUNION : revenue, balance sheet and financial ratios

In 2023, SOC EXPLOITATION MUSEE RHUM REUNION achieves revenue of 705 k€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +10.6%. Vs 2022: +10%. After deducting consumption (0 €), gross margin stands at 705 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 211 k€, representing 29.9% of revenue. Warning negative scissor effect: despite revenue change (+10%), EBITDA varies by +1%, reducing margin by 2.5 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 181 k€, i.e. 25.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 6%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 87%. 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 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 31.2% 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 717.56. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 70 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 105 days. Excellent situation: suppliers finance 35 days of the operating cycle (retail model). Overall, WCR represents 65 days of revenue, i.e. 128 k€ to permanently finance. Notable WCR improvement over the period (-22%), freeing up cash.

Based on 114 transactions of similar company sales (all years), the value of SOC EXPLOITATION MUSEE RHUM REUNION is estimated at 968 551 € (range 543 834€ - 1 665 996€). With an EBITDA of 210 544€, the sector multiple of 5.1x is applied. The price/revenue ratio is 0.72x (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.