AXALTA COATING SYSTEMS FRANCE HOLDING SAS : revenue, balance sheet and financial ratios

In 2024, AXALTA COATING SYSTEMS FRANCE HOLDING SAS achieves revenue of 768 k€. Revenue is growing positively over 9 years (CAGR: +3.1%). Vs 2023, growth of +12% (685 k€ -> 768 k€). After deducting consumption (103.7 M€), gross margin stands at -102.9 M€, i.e. a rate of -13398%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -104.5 M€, representing -13597.4% of revenue. Warning negative scissor effect: despite revenue change (+12%), EBITDA varies by -7933%, reducing margin by 13407.4 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 4.1 M€, i.e. 538.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 47%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 67%. 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 3.7 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 628.4% 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 33.30. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 42 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 0 days. The gap of 42 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 6091 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. WCR is negative (-7692 days): operations structurally generate cash. Notable WCR improvement over the period (-430%), freeing up cash.

Based on 54 transactions of similar company sales in 2024, the value of AXALTA COATING SYSTEMS FRANCE HOLDING SAS is estimated at 2 687 561 € (range 1 709 831€ - 12 682 472€). The price/revenue ratio is 0.59x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.