TRANSPORTS TITANS LIMOUZI : revenue, balance sheet and financial ratios

In 2024, TRANSPORTS TITANS LIMOUZI achieves revenue of 22 k€. Over the period 2022-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +11.9%. Significant drop of -12% vs 2023. After deducting consumption (288 €), gross margin stands at 22 k€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5 k€, representing 20.2% of revenue. Warning negative scissor effect: despite revenue change (-12%), EBITDA varies by -40%, reducing margin by 9.6 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 522 €, i.e. 2.3% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 41%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 27%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 17.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 1060.08. 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 5.1x. 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: 16 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 0 days. The company must finance 16 days of gap between collections and payments. Overall, WCR represents 257 days of revenue, i.e. 16 k€ to permanently finance. Over 2022-2024, WCR increased by +86%, requiring additional financing.

Based on 71 transactions of similar company sales in 2024, the value of TRANSPORTS TITANS LIMOUZI is estimated at 3 961 € (range 2 241€ - 11 857€). With an EBITDA of 4 539€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.23x (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.