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

In 2024, SOCIETE D'ECONOMIE MIXTE D'AMENAGEMENT ET D'EQUIPEMENT DE LA CORREZE achieves revenue of 9.7 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +25.9%. Vs 2023, growth of +400% (1.9 M€ -> 9.7 M€). After deducting consumption (30 €), gross margin stands at 9.7 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 710 k€, representing 7.3% of revenue. Warning negative scissor effect: despite revenue change (+400%), EBITDA varies by +59%, reducing margin by 15.7 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 481 k€, i.e. 5.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 282%. 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 22%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 14.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 8.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 1499.44. 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 24.8x. 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: 15 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 41 days. Favorable situation: supplier credit is longer than customer credit by 26 days. Inventory turnover is 154 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 122 days of revenue, i.e. 3.3 M€ to permanently finance. Notable WCR improvement over the period (-53%), freeing up cash.

Indicative estimate only : the number of comparable transactions in this sector is limited (40 transactions). This range of 538 593€ to 2 444 213€ is provided for information purposes only and requires in-depth analysis to be confirmed.