ALPHABET FRANCE FLEET MANAGEMENT : revenue, balance sheet and financial ratios

ALPHABET FRANCE FLEET MANAGEMENT is a French company founded 39 years ago, specialized in the sector Location de longue durée de voitures et de véhicules automobiles légers. Based in MONTIGNY-LE-BRETONNEUX (78180), this company of category GE shows in 2024 a revenue of 645.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - ALPHABET FRANCE FLEET MANAGEMENT (SIREN 338708076)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 645 799 567 € 572 052 622 € 519 879 505 € 483 331 916 € 478 032 950 € 471 788 375 € 452 287 987 € 423 117 579 € 389 695 294 € 363 453 341 €
Net income 43 159 581 € 29 901 089 € -27 401 190 € 15 491 305 € -11 397 659 € -10 056 659 € -45 434 229 € -32 566 411 € -14 841 897 € -8 859 864 €
EBITDA 457 897 693 € 409 779 768 € 358 486 511 € 348 381 149 € 357 100 221 € 338 458 484 € 322 128 412 € 304 228 065 € 278 446 106 € 225 696 065 €
Net margin 6.7% 5.2% -5.3% 3.2% -2.4% -2.1% -10.0% -7.7% -3.8% -2.4%

Revenue and income statement

In 2024, ALPHABET FRANCE FLEET MANAGEMENT achieves revenue of 645.8 M€. Over the period 2015-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.6%. Vs 2023, growth of +13% (572.1 M€ -> 645.8 M€). After deducting consumption (865 k€), gross margin stands at 644.9 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 457.9 M€, representing 70.9% of 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 43.2 M€, i.e. 6.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

645 799 567 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

644 934 578 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

457 897 693 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

119 552 530 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

43 159 581 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

70.9%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 533%. 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 13%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 4.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 65.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

532.867%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

13.298%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

65.42%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

4.278

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

75.6%

Solvency indicators evolution
ALPHABET FRANCE FLEET MANAGEMENT

Sector positioning

Debt ratio
532.87 2024
2022
2023
2024
Q1: 0.0
Med: 52.09
Q3: 260.67
Watch

In 2024, the debt ratio of ALPHABET FRANCE FLEET MAN... (532.87) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
13.3% 2024
2022
2023
2024
Q1: 4.51%
Med: 24.09%
Q3: 51.07%
Average +11 pts over 3 years

In 2024, the financial autonomy of ALPHABET FRANCE FLEET MAN... (13.3%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
4.28 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 1.27 years
Q3: 3.63 years
Watch

In 2024, the repayment capacity of ALPHABET FRANCE FLEET MAN... (4.28) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 98.28. 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 9.9x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

98.277

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

9.931

Liquidity indicators evolution
ALPHABET FRANCE FLEET MANAGEMENT

Sector positioning

Liquidity ratio
98.28 2024
2022
2023
2024
Q1: 79.61
Med: 167.54
Q3: 370.44
Average -11 pts over 3 years

In 2024, the liquidity ratio of ALPHABET FRANCE FLEET MAN... (98.28) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
9.93x 2024
2022
2023
2024
Q1: 0.0x
Med: 1.37x
Q3: 11.14x
Good +13 pts over 3 years

In 2024, the interest coverage of ALPHABET FRANCE FLEET MAN... (9.9x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 30 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 44 days. Favorable situation: supplier credit is longer than customer credit by 14 days. WCR is negative (-271 days): operations structurally generate cash. Notable WCR improvement over the period (-309%), freeing up cash.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

-485 266 711 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

30 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

44 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

-271 j

WCR and payment terms evolution
ALPHABET FRANCE FLEET MANAGEMENT

Positioning of ALPHABET FRANCE FLEET MANAGEMENT in its sector

Comparison with sector Location de longue durée de voitures et de véhicules automobiles légers

Valuation estimate

Based on 276 transactions of similar company sales (all years), the value of ALPHABET FRANCE FLEET MANAGEMENT is estimated at 3 293 657 432 € (range 664 480 855€ - 4 622 393 902€). With an EBITDA of 457 897 693€, the sector multiple of 11.9x is applied. The price/revenue ratio is 2.33x (premium 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.

Estimated enterprise value 2024
276 transactions
664480k€ 3293657k€ 4622393k€
3 293 657 432 € Range: 664 480 855€ - 4 622 393 902€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
457 897 693 € × 11.9x
Estimation 5 471 159 942 €
1 112 574 204€ - 7 444 363 228€
Revenue Multiple 30%
645 799 567 € × 2.33x
Estimation 1 507 058 445 €
351 858 101€ - 1 959 672 508€
Net Income Multiple 20%
43 159 581 € × 12.3x
Estimation 529 799 640 €
13 181 615€ - 1 561 552 679€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 276 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Location de longue durée de voitures et de véhicules automobiles légers)

Compare ALPHABET FRANCE FLEET MANAGEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Location de longue durée de voitures et de véhicules automobiles légers

Frequently asked questions about ALPHABET FRANCE FLEET MANAGEMENT

What is the revenue of ALPHABET FRANCE FLEET MANAGEMENT ?

The revenue of ALPHABET FRANCE FLEET MANAGEMENT in 2024 is 645.8 M€.

Is ALPHABET FRANCE FLEET MANAGEMENT profitable?

Yes, ALPHABET FRANCE FLEET MANAGEMENT generated a net profit of 43.2 M€ in 2024.

Where is the headquarters of ALPHABET FRANCE FLEET MANAGEMENT ?

The headquarters of ALPHABET FRANCE FLEET MANAGEMENT is located in MONTIGNY-LE-BRETONNEUX (78180), in the department Yvelines.

Where to find the tax return of ALPHABET FRANCE FLEET MANAGEMENT ?

The tax return of ALPHABET FRANCE FLEET MANAGEMENT is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does ALPHABET FRANCE FLEET MANAGEMENT operate?

ALPHABET FRANCE FLEET MANAGEMENT operates in the sector Location de longue durée de voitures et de véhicules automobiles légers (NAF code 77.11B). See the 'Sector positioning' section above to compare the company with its competitors.