VINCI IMMOBILIER ILE DE FRANCE : revenue, balance sheet and financial ratios

In 2024, VINCI IMMOBILIER ILE DE FRANCE achieves revenue of 92.8 M€. Over the period 2018-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +104.0%. Significant drop of -15% vs 2023. After deducting consumption (66.9 M€), gross margin stands at 25.8 M€, i.e. a rate of 28%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.1 M€, representing 2.2% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -1.0 M€ (-1.1% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -40%. 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 -0%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 0.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 217.96. 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 283.2x. 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: 284 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 190 days. The gap of 94 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 382 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 42 days of revenue, i.e. 10.8 M€ to permanently finance.

Based on 80 transactions of similar company sales (all years), the value of VINCI IMMOBILIER ILE DE FRANCE is estimated at 11 019 021 € (range 4 030 995€ - 27 849 700€). With an EBITDA of 2 052 364€, 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.