AUVERGNE MATERIAUX : revenue, balance sheet and financial ratios

In 2024, AUVERGNE MATERIAUX achieves revenue of 35.3 M€. Activity remains stable over the period (CAGR: -0.2%). Significant drop of -20% vs 2023. After deducting consumption (24.0 M€), gross margin stands at 11.3 M€, i.e. a rate of 32%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.2 M€, representing 6.2% of revenue. Warning negative scissor effect: despite revenue change (-20%), EBITDA varies by -43%, reducing margin by 2.5 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 1.1 M€, i.e. 3.3% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 9%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 69%. 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 0.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.6% 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 304.14. 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 1.1x. Coverage is limited: any activity downturn would jeopardize interest payments.

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: 35 days. Favorable situation: supplier credit is longer than customer credit by 5 days. Inventory turnover is 63 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 82 days of revenue, i.e. 8.1 M€ to permanently finance. Notable WCR improvement over the period (-21%), freeing up cash.

Indicative estimate only : the number of comparable transactions in this sector is limited (39 transactions). This range of 2 006 427€ to 5 862 012€ is provided for information purposes only and requires in-depth analysis to be confirmed.