AP-HP INTERNATIONAL : revenue, balance sheet and financial ratios

AP-HP INTERNATIONAL is a French company founded 9 years ago, specialized in the sector Activités spécialisées, scientifiques et techniques diverses. Based in PARIS (75005), this company of category PME shows in 2020 a revenue of 2.5 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

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

Financial history - AP-HP INTERNATIONAL (SIREN 824674873)
Indicator 2020 2019 2018 2017
Revenue 2 464 774 € 2 371 173 € 2 001 615 € 1 292 583 €
Net income 382 912 € 277 379 € 175 961 € 192 498 €
EBITDA 542 659 € 408 154 € 375 954 € 295 415 €
Net margin 15.5% 11.7% 8.8% 14.9%

Revenue and income statement

In 2020, AP-HP INTERNATIONAL achieves revenue of 2.5 M€. Over the period 2017-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +24.0%. Vs 2019: +4%. After deducting consumption (0 €), gross margin stands at 2.5 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 543 k€, representing 22.0% of revenue. Positive scissor effect: EBITDA margin improves by +4.8 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 383 k€, i.e. 15.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 464 774 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 464 774 €

EBITDA (2020) ?
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

542 659 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

524 232 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

382 912 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

22.0%

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Chart evolution

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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 43%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 29%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 15.5% 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 (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

42.575%

Financial autonomy (2020) ?
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

28.829%

Cash flow / Revenue (2020) ?
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

15.527%

Repayment capacity (2020) ?
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

1.309

Asset age ratio (2020) ?
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

39.0%

Solvency indicators evolution
AP-HP INTERNATIONAL

Sector positioning

Debt ratio
42.58 2020
2018
2019
2020
Q1: 0.0
Med: 4.83
Q3: 61.92
Average +42 pts over 3 years

In 2020, the debt ratio of AP-HP INTERNATIONAL (42.58) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
28.83% 2020
2018
2019
2020
Q1: 3.52%
Med: 32.48%
Q3: 63.93%
Average -16 pts over 3 years

In 2020, the financial autonomy of AP-HP INTERNATIONAL (28.8%) 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
1.31 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.0 years
Q3: 0.57 years
Average +50 pts over 3 years

In 2020, the repayment capacity of AP-HP INTERNATIONAL (1.31) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 168.55. 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 0.3x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2020) ?
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

168.548

Interest coverage (2020) ?
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

0.341

Liquidity indicators evolution
AP-HP INTERNATIONAL

Sector positioning

Liquidity ratio
168.55 2020
2018
2019
2020
Q1: 141.63
Med: 259.53
Q3: 518.06
Average -15 pts over 3 years

In 2020, the liquidity ratio of AP-HP INTERNATIONAL (168.55) 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
0.34x 2020
2018
2019
2020
Q1: 0.0x
Med: 0.0x
Q3: 0.21x
Excellent +50 pts over 3 years

In 2020, the interest coverage of AP-HP INTERNATIONAL (0.3x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 356 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 187 days. The gap of 169 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 203 days of revenue, i.e. 1.4 M€ to permanently finance. Over 2017-2020, WCR increased by +572%, requiring additional financing.

Operating WCR (2020) ?
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

1 391 266 €

Customer credit (2020) ?
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

356 j

Supplier credit (2020) ?
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

187 j

Inventory turnover (2020) ?
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 (2020) ?
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

203 j

WCR and payment terms evolution
AP-HP INTERNATIONAL

Positioning of AP-HP INTERNATIONAL in its sector

Comparison with sector Activités spécialisées, scientifiques et techniques diverses

Valuation estimate

Based on 98 transactions of similar company sales (all years), the value of AP-HP INTERNATIONAL is estimated at 1 580 419 € (range 397 308€ - 2 620 954€). With an EBITDA of 542 659€, the sector multiple of 3.5x is applied. The price/revenue ratio is 0.36x (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.

Estimated enterprise value 2020
98 tx
397k€ 1580k€ 2620k€
1 580 419 € Range: 397 308€ - 2 620 954€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
542 659 € × 3.5x
Estimation 1 879 903 €
468 429€ - 3 081 866€
Revenue Multiple 30%
2 464 774 € × 0.36x
Estimation 895 906 €
294 187€ - 1 515 923€
Net Income Multiple 20%
382 912 € × 4.9x
Estimation 1 858 483 €
374 192€ - 3 126 226€
How is this estimate calculated?

This estimate is based on the analysis of 98 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 (Activités spécialisées, scientifiques et techniques diverses)

Compare AP-HP INTERNATIONAL with other companies in the same sector:

Voir toutes les statistiques du secteur Activités spécialisées, scientifiques et techniques diverses

Frequently asked questions about AP-HP INTERNATIONAL

What is the revenue of AP-HP INTERNATIONAL ?

The revenue of AP-HP INTERNATIONAL in 2020 is 2.5 M€.

Is AP-HP INTERNATIONAL profitable?

Yes, AP-HP INTERNATIONAL generated a net profit of 383 k€ in 2020.

Where is the headquarters of AP-HP INTERNATIONAL ?

The headquarters of AP-HP INTERNATIONAL is located in PARIS (75005), in the department Paris.

Where to find the tax return of AP-HP INTERNATIONAL ?

The tax return of AP-HP INTERNATIONAL 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 AP-HP INTERNATIONAL operate?

AP-HP INTERNATIONAL operates in the sector Activités spécialisées, scientifiques et techniques diverses (NAF code 74.90B). See the 'Sector positioning' section above to compare the company with its competitors.