AUVERGNE TRES HAUT DEBIT : revenue, balance sheet and financial ratios

In 2024, AUVERGNE TRES HAUT DEBIT achieves revenue of 51.7 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +13.5%. Significant drop of -39% vs 2023. After deducting consumption (0 €), gross margin stands at 51.7 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 32.5 M€, representing 62.8% of revenue. Warning negative scissor effect: despite revenue change (-39%), EBITDA varies by -51%, reducing margin by 14.9 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -4.3 M€ (-8.3% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 39%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 27%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 61.5% 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 292.84. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 441 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 106 days. The gap of 335 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-1709 days): operations structurally generate cash. Notable WCR improvement over the period (-466%), freeing up cash.

Based on 101 transactions of similar company sales (all years), the value of AUVERGNE TRES HAUT DEBIT is estimated at 13 770 235 € (range 4 720 111€ - 30 582 614€). With an EBITDA of 32 462 573€, the sector multiple of 0.6x is applied. The price/revenue ratio is 0.13x (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.