ANALYSIS GROUP SAS : revenue, balance sheet and financial ratios

In 2024, ANALYSIS GROUP SAS achieves revenue of 14.9 M€. Over the period 2018-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +50.1%. Vs 2023, growth of +12% (13.3 M€ -> 14.9 M€). After deducting consumption (0 €), gross margin stands at 14.9 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 1.2 M€, representing 7.9% of revenue. Warning negative scissor effect: despite revenue change (+12%), EBITDA varies by -46%, reducing margin by 8.3 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 3.8 M€, i.e. 25.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 48%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 57%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 27.2% 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 659.83. 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 2.3x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 124 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 35 days. The gap of 89 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 567 days of revenue, i.e. 23.5 M€ to permanently finance. Over 2018-2024, WCR increased by +1823%, requiring additional financing.

Based on 107 transactions of similar company sales (all years), the value of ANALYSIS GROUP SAS is estimated at 4 649 925 € (range 1 657 381€ - 10 704 952€). With an EBITDA of 1 178 756€, the sector multiple of 2.6x 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.