SOCIETE HOTELLIERE MARIE ETIENNE : revenue, balance sheet and financial ratios

In 2024, SOCIETE HOTELLIERE MARIE ETIENNE achieves revenue of 377 k€. Activity remains stable over the period (CAGR: -4.3%). Slight decline of -8% vs 2023. After deducting consumption (43 k€), gross margin stands at 334 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 55 k€, representing 14.6% of revenue. Warning negative scissor effect: despite revenue change (-8%), EBITDA varies by -36%, reducing margin by 6.4 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 389 k€, i.e. 102.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 78%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 48%. 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 3.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 12.8% 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 696.31. 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 10.7x. 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: 8 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 71 days. Excellent situation: suppliers finance 63 days of the operating cycle (retail model). Overall, WCR represents 391 days of revenue, i.e. 409 k€ to permanently finance. Over 2022-2024, WCR increased by +3089%, requiring additional financing.

Based on 99 transactions of similar company sales in 2024, the value of SOCIETE HOTELLIERE MARIE ETIENNE is estimated at 511 559 € (range 227 700€ - 1 069 283€). With an EBITDA of 55 238€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.54x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.