SOCIETE COOPERATIVE VINICOLE DE SAINT SEURIN DE CADOURNE : revenue, balance sheet and financial ratios

In 2024, SOCIETE COOPERATIVE VINICOLE DE SAINT SEURIN DE CADOURNE achieves revenue of 637 k€. Revenue is declining over the period 2016-2024 (CAGR: -7.6%). Significant drop of -37% vs 2023. After deducting consumption (422 k€), gross margin stands at 215 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 88 k€, representing 13.8% of revenue. Positive scissor effect: EBITDA margin improves by +5.6 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 565 €, i.e. 0.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 104%. Debt level is high: negotiating margin with banks is reduced. 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 13.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 7.4% 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 132.75. 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 39.3x. 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: 43 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 23 days. The company must finance 20 days of gap between collections and payments. Inventory turnover is 2434 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 638 days of revenue, i.e. 1.1 M€ to permanently finance. Over 2016-2024, WCR increased by +520%, requiring additional financing.

Based on 55 transactions of similar company sales (all years), the value of SOCIETE COOPERATIVE VINICOLE DE SAINT SEURIN DE CADOURNE is estimated at 186 840 € (range 96 059€ - 462 093€). With an EBITDA of 87 947€, the sector multiple of 2.8x is applied. The price/revenue ratio is 0.34x (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.