ALEXO ST JEAN DE LUZ : revenue, balance sheet and financial ratios

In 2024, ALEXO ST JEAN DE LUZ achieves revenue of 1.1 M€. Revenue is growing positively over 8 years (CAGR: +4.0%). Slight decline of -8% vs 2023. After deducting consumption (0 €), gross margin stands at 1.1 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 110 k€, representing 10.4% of revenue. Warning negative scissor effect: despite revenue change (-8%), EBITDA varies by -42%, reducing margin by 6.0 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 95 k€, i.e. 9.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 177%. 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 11%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 6.1 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 5.9% 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 122.78. 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 10.1x. 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: 351 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 536 days. Excellent situation: suppliers finance 185 days of the operating cycle (retail model). Overall, WCR represents 318 days of revenue, i.e. 935 k€ to permanently finance. Over 2017-2024, WCR increased by +4430%, requiring additional financing.

Based on 193 transactions of similar company sales (all years), the value of ALEXO ST JEAN DE LUZ is estimated at 416 362 € (range 122 154€ - 1 094 055€). With an EBITDA of 110 148€, the sector multiple of 1.2x is applied. The price/revenue ratio is 0.98x (in line with sector norms). 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.