SOCIETE IMMOBILIERE DU COURS DU CHAPEAU ROUGE : revenue, balance sheet and financial ratios

In 2024, SOCIETE IMMOBILIERE DU COURS DU CHAPEAU ROUGE achieves revenue of 269 k€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +22.1%. Vs 2023, growth of +587% (39 k€ -> 269 k€). After deducting consumption (191 k€), gross margin stands at 79 k€, i.e. a rate of 29%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 50 k€, representing 18.6% of revenue. Warning negative scissor effect: despite revenue change (+587%), EBITDA varies by +276%, reducing margin by 15.4 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 10 k€, i.e. 3.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 311%. 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 24%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 189.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 25897.25. 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 63.7x. 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: 33 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 25 days. The company must finance 8 days of gap between collections and payments. Inventory turnover is 555 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 558 days of revenue, i.e. 417 k€ to permanently finance. Notable WCR improvement over the period (-70%), freeing up cash.

Based on 80 transactions of similar company sales (all years), the value of SOCIETE IMMOBILIERE DU COURS DU CHAPEAU ROUGE is estimated at 52 416 € (range 19 953€ - 144 891€). With an EBITDA of 49 969€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.28x (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.