SOCIETE COOPERATIVE D INTERET COLLECTIF D HLM LA MAISON FAMILIALE CREUSOISE : revenue, balance sheet and financial ratios

In 2021, SOCIETE COOPERATIVE D INTERET COLLECTIF D HLM LA MAISON FAMILIALE CREUSOISE achieves revenue of 271 k€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +5.5%. Vs 2020: +4%. After deducting consumption (2 k€), gross margin stands at 269 k€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 75 k€, representing 27.7% of 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 8 k€, i.e. 2.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 123%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 40%. 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 25.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 27.1% 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 631.76. 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 17.3x. 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: 290 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 103 days. The gap of 187 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 224 days of revenue, i.e. 169 k€ to permanently finance. Notable WCR improvement over the period (-39%), freeing up cash.

Based on 80 transactions of similar company sales (all years), the value of SOCIETE COOPERATIVE D INTERET COLLECTIF D HLM LA MAISON FAMILIALE CREUSOISE is estimated at 64 046 € (range 24 864€ - 180 495€). With an EBITDA of 75 095€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.28x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.