SOCIETE DU PARC DU FUTUROSCOPE : revenue, balance sheet and financial ratios

In 2024, SOCIETE DU PARC DU FUTUROSCOPE achieves revenue of 147.7 M€. Over the period 2013-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.8%. Vs 2023: +7%. After deducting consumption (15.0 M€), gross margin stands at 132.6 M€, i.e. a rate of 90%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 19.9 M€, representing 13.5% of revenue. Warning negative scissor effect: despite revenue change (+7%), EBITDA varies by -13%, reducing margin by 3.0 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 10.5 M€, i.e. 7.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 122%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 25%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 12.6% 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 52.77. 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 12.5x. 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: 27 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 65 days. Excellent situation: suppliers finance 38 days of the operating cycle (retail model). Inventory turnover is 6 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-24 days): operations structurally generate cash. Notable WCR improvement over the period (-690%), freeing up cash.

Indicative estimate only : the number of comparable transactions in this sector is limited (24 transactions). This range of 42 959 073€ to 120 390 599€ is provided for information purposes only and requires in-depth analysis to be confirmed.