SOCIETE D'ECONOMIE MIXTE D'AMENAGEMENT ET DE CONSTRUCTION : revenue, balance sheet and financial ratios

In 2024, SOCIETE D'ECONOMIE MIXTE D'AMENAGEMENT ET DE CONSTRUCTION achieves revenue of 37.9 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +5.4%. Vs 2023: +2%. After deducting consumption (0 €), gross margin stands at 37.9 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 19.3 M€, representing 50.9% of revenue. Positive scissor effect: EBITDA margin improves by +4.3 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -129 k€ (-0.3% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 167%. 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 37%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 75.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 14.8% 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 943.97. 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 66.8x. 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: 71 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. The company must finance 22 days of gap between collections and payments. Inventory turnover is 31 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 369 days of revenue, i.e. 38.9 M€ to permanently finance. Notable WCR improvement over the period (-81%), freeing up cash.

Based on 169 transactions of similar company sales in 2024, the value of SOCIETE D'ECONOMIE MIXTE D'AMENAGEMENT ET DE CONSTRUCTION is estimated at 79 087 946 € (range 22 282 004€ - 142 078 479€). With an EBITDA of 19 319 912€, 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.