SOCIETE AEROPORTUAIRE GUADELOUPE POLE CARAIBES SA : revenue, balance sheet and financial ratios

In 2024, SOCIETE AEROPORTUAIRE GUADELOUPE POLE CARAIBES SA achieves revenue of 70.2 M€. Revenue is growing positively over 9 years (CAGR: +2.3%). Vs 2023, growth of +11% (63.2 M€ -> 70.2 M€). After deducting consumption (-16 k€), gross margin stands at 70.2 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 12.6 M€, representing 18.0% of revenue. Warning negative scissor effect: despite revenue change (+11%), EBITDA varies by -24%, reducing margin by 8.4 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 5.9 M€, i.e. 8.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 70%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 42%. 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 7.5 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 14.2% 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 236.27. 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 8.6x. 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: 46 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 45 days. The company must finance 1 days of gap between collections and payments. Inventory turnover is 6 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 45 days of revenue, i.e. 8.8 M€ to permanently finance.

Based on 205 transactions of similar company sales (all years), the value of SOCIETE AEROPORTUAIRE GUADELOUPE POLE CARAIBES SA is estimated at 9 921 473 € (range 4 427 286€ - 26 377 970€). With an EBITDA of 12 629 375€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.15x (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.