ALA-ADVANCED LOGISTICS FOR AEROSPACE FRANCE : revenue, balance sheet and financial ratios

In 2024, ALA-ADVANCED LOGISTICS FOR AEROSPACE FRANCE achieves revenue of 39.3 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +16.6%. Vs 2023, growth of +136% (16.7 M€ -> 39.3 M€). After deducting consumption (30.2 M€), gross margin stands at 9.1 M€, i.e. a rate of 23%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 4.1 M€, representing 10.4% of revenue. Positive scissor effect: EBITDA margin improves by +6.2 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 1.9 M€, i.e. 4.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 204%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 12%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 8.8% 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 151.85. 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 18.6x. 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: 82 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 148 days. Excellent situation: suppliers finance 66 days of the operating cycle (retail model). Inventory turnover is 220 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 261 days of revenue, i.e. 28.5 M€ to permanently finance. Over 2016-2024, WCR increased by +324%, requiring additional financing.

Based on 229 transactions of similar company sales (all years), the value of ALA-ADVANCED LOGISTICS FOR AEROSPACE FRANCE is estimated at 7 778 313 € (range 3 140 463€ - 22 956 594€). With an EBITDA of 4 073 278€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.32x (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.