SOCIETE DE GESTION DE PATRIMOINE INDUSTRIEL ET COMMERCIAL : revenue, balance sheet and financial ratios

In 2021, SOCIETE DE GESTION DE PATRIMOINE INDUSTRIEL ET COMMERCIAL achieves revenue of 539 k€. Over the period 2019-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +17.1%. Vs 2020, growth of +167% (201 k€ -> 539 k€). After deducting consumption (60 k€), gross margin stands at 479 k€, i.e. a rate of 89%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 115 k€, representing 21.4% of revenue. Positive scissor effect: EBITDA margin improves by +59.3 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -2.7 M€ (-493.2% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 68%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 49%. 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 3.1 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 30.2% 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 100.29. 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 2485.1x. 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: 98 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 54 days. The gap of 44 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 36 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 40 days of revenue, i.e. 59 k€ to permanently finance. Notable WCR improvement over the period (-20%), freeing up cash.

Based on 76 transactions of similar company sales in 2021, the value of SOCIETE DE GESTION DE PATRIMOINE INDUSTRIEL ET COMMERCIAL is estimated at 274 752 € (range 127 833€ - 737 891€). With an EBITDA of 115 047€, the sector multiple of 2.9x is applied. The price/revenue ratio is 0.33x (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.