CARRIERES ET MATERIAUX : revenue, balance sheet and financial ratios

In 2024, CARRIERES ET MATERIAUX achieves revenue of 8.5 M€. Revenue is growing positively over 5 years (CAGR: +4.2%). Slight decline of -3% vs 2023. After deducting consumption (256 k€), gross margin stands at 8.3 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 549 k€, representing 6.4% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -217 k€ (-2.5% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 -24%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 3.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 48.27. 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 43.8x. 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: 31 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 64 days. Excellent situation: suppliers finance 33 days of the operating cycle (retail model). Inventory turnover is 198 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. WCR is negative (-82 days): operations structurally generate cash. Notable WCR improvement over the period (-960%), freeing up cash.

Based on 95 transactions of similar company sales (all years), the value of CARRIERES ET MATERIAUX is estimated at 1 042 604 € (range 429 295€ - 4 603 964€). With an EBITDA of 549 170€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.17x (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.