SOC BEARNAISE DE SYNTHESE : revenue, balance sheet and financial ratios

In 2024, SOC BEARNAISE DE SYNTHESE achieves revenue of 9.4 M€. Revenue is growing positively over 9 years (CAGR: +2.7%). Vs 2023, growth of +159% (3.6 M€ -> 9.4 M€). After deducting consumption (5.2 M€), gross margin stands at 4.2 M€, i.e. a rate of 45%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 532 k€, representing 5.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 49 k€, i.e. 0.5% of revenue. This profit can be retained or distributed to shareholders.

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 8%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 4.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 58.71. 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 41.3x. 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: 47 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 43 days. The company must finance 4 days of gap between collections and payments. Inventory turnover is 76 days (= Average inventory / Cost of goods x 360). WCR is negative (-65 days): operations structurally generate cash. Notable WCR improvement over the period (-193%), freeing up cash.

Based on 74 transactions of similar company sales (all years), the value of SOC BEARNAISE DE SYNTHESE is estimated at 480 080 € (range 254 078€ - 1 126 923€). With an EBITDA of 532 168€, the sector multiple of 0.6x is applied. The price/revenue ratio is 0.11x (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.