SASU CONCEPTSTORE : revenue, balance sheet and financial ratios

In 2023, SASU CONCEPTSTORE achieves revenue of 91 k€. Significant drop of -19% vs 2022. After deducting consumption (60 k€), gross margin stands at 31 k€, i.e. a rate of 34%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 954 €, representing 1.0% of revenue. Warning negative scissor effect: despite revenue change (-19%), EBITDA varies by -84%, reducing margin by 4.1 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -4 k€ (-4.7% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -1044%. 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 50%. 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 78.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. 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 158.02. 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 59.7x. 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 44 days. Excellent situation: suppliers finance 44 days of the operating cycle (retail model). Inventory turnover is 67 days (= Average inventory / Cost of goods x 360). WCR is negative (-113 days): operations structurally generate cash.

Based on 101 transactions of similar company sales (all years), the value of SASU CONCEPTSTORE is estimated at 9 591 € (range 4 291€ - 17 414€). With an EBITDA of 954€, the sector multiple of 2.5x is applied. The price/revenue ratio is 0.24x (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.