STAGE ESTATE FRANCE : revenue, balance sheet and financial ratios

In 2024, STAGE ESTATE FRANCE achieves revenue of 5.7 M€. Revenue is growing positively over 9 years (CAGR: +1.8%). Vs 2023, growth of +10% (5.2 M€ -> 5.7 M€). After deducting consumption (0 €), gross margin stands at 5.7 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 3.9 M€, representing 67.1% of revenue. Positive scissor effect: EBITDA margin improves by +59.1 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -691 k€ (-12.0% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -305%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches -41%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 49.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 9.1% 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 277.14. 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 26.0x. 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: 164 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 67 days. The gap of 97 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 396 days of revenue, i.e. 6.3 M€ to permanently finance. Notable WCR improvement over the period (-68%), freeing up cash.

Based on 169 transactions of similar company sales in 2024, the value of STAGE ESTATE FRANCE is estimated at 15 220 546 € (range 4 232 978€ - 27 305 572€). With an EBITDA of 3 852 482€, 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.