SARL ANJOU DISTRIBUTION : revenue, balance sheet and financial ratios

In 2024, SARL ANJOU DISTRIBUTION achieves revenue of 541 k€. Revenue is declining over the period 2016-2024 (CAGR: -12.6%). Vs 2023, growth of +30% (416 k€ -> 541 k€). After deducting consumption (-1 k€), gross margin stands at 542 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 74 k€, representing 13.6% of revenue. Positive scissor effect: EBITDA margin improves by +22.2 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2 k€, i.e. 0.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at -594%. 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 -14%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 14.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 9.9% 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 132.63. 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 25.3x. 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: 70 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 276 days. Excellent situation: suppliers finance 206 days of the operating cycle (retail model). Overall, WCR represents 75 days of revenue, i.e. 113 k€ to permanently finance. Notable WCR improvement over the period (-40%), freeing up cash.

Based on 68 transactions of similar company sales in 2024, the value of SARL ANJOU DISTRIBUTION is estimated at 106 774 € (range 52 892€ - 249 352€). With an EBITDA of 73 624€, the sector multiple of 2.0x is applied. The price/revenue ratio is 0.19x (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.