AUX SAVEURS DU THURTAL : revenue, balance sheet and financial ratios

In 2022, AUX SAVEURS DU THURTAL achieves revenue of 344 k€. Revenue is growing positively over 3 years (CAGR: +0.9%). Slight decline of -2% vs 2016. After deducting consumption (90 k€), gross margin stands at 254 k€, i.e. a rate of 74%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 27 k€, representing 7.8% of revenue. Warning negative scissor effect: despite revenue change (-2%), EBITDA varies by -67%, reducing margin by 15.5 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -5 k€ (-1.3% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 2438%. 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 2%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 6.0 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 7.2% 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 73.93. 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 2.0x. 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 104 days. Excellent situation: suppliers finance 104 days of the operating cycle (retail model). Inventory turnover is 14 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-13 days): operations structurally generate cash. Notable WCR improvement over the period (-773%), freeing up cash.

Based on 833 transactions of similar company sales in 2022, the value of AUX SAVEURS DU THURTAL is estimated at 192 228 € (range 108 936€ - 331 398€). With an EBITDA of 27 008€, the sector multiple of 4.1x is applied. The price/revenue ratio is 0.96x (in line with sector norms). 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.