SOCIETE DE TRANSPORTS, EXCURSIONS ET VOYAGES EUROPEENNE : revenue, balance sheet and financial ratios

In 2024, SOCIETE DE TRANSPORTS, EXCURSIONS ET VOYAGES EUROPEENNE achieves revenue of 1.9 M€. Over the period 2020-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +59.6%. Vs 2023, growth of +11% (1.7 M€ -> 1.9 M€). After deducting consumption (206 k€), gross margin stands at 1.7 M€, i.e. a rate of 89%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 20 k€, representing 1.1% of revenue. Warning negative scissor effect: despite revenue change (+11%), EBITDA varies by -81%, reducing margin by 5.3 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 48 k€, i.e. 2.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 58%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 19%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 182.71. 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 1.5x. Coverage is limited: any activity downturn would jeopardize interest payments.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 54 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 35 days. The company must finance 19 days of gap between collections and payments. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 27 days of revenue, i.e. 140 k€ to permanently finance. Over 2020-2024, WCR increased by +2920%, requiring additional financing.

Based on 85 transactions of similar company sales (all years), the value of SOCIETE DE TRANSPORTS, EXCURSIONS ET VOYAGES EUROPEENNE is estimated at 118 076 € (range 70 995€ - 271 360€). With an EBITDA of 19 976€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.14x (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.