SOCIETE MMOBILIERE DE LA MADELEINE : revenue, balance sheet and financial ratios

In 2024, SOCIETE MMOBILIERE DE LA MADELEINE achieves revenue of 4.5 M€. Revenue is growing positively over 8 years (CAGR: +1.3%). Vs 2022, growth of +11% (4.1 M€ -> 4.5 M€). After deducting consumption (88 k€), gross margin stands at 4.4 M€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.3 M€, representing 29.7% of revenue. Warning negative scissor effect: despite revenue change (+11%), EBITDA varies by -3%, reducing margin by 4.3 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -45 k€ (-1.0% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 103%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 44%. 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 13.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 24.0% 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 264.45. 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 29.7x. 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: 50 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 93 days. Excellent situation: suppliers finance 43 days of the operating cycle (retail model). Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 67 days of revenue, i.e. 840 k€ to permanently finance. Over 2016-2024, WCR increased by +1030%, requiring additional financing.

Based on 169 transactions of similar company sales in 2024, the value of SOCIETE MMOBILIERE DE LA MADELEINE is estimated at 6 050 246 € (range 1 761 599€ - 10 907 825€). With an EBITDA of 1 339 233€, 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.