CARROSSERIES INDUSTRIELLES DU CHANNEL : revenue, balance sheet and financial ratios

In 2024, CARROSSERIES INDUSTRIELLES DU CHANNEL achieves revenue of 1.4 M€. Revenue is growing positively over 8 years (CAGR: +1.8%). Significant drop of -16% vs 2023. After deducting consumption (641 k€), gross margin stands at 748 k€, i.e. a rate of 54%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 81 k€, representing 5.8% of revenue. Warning negative scissor effect: despite revenue change (-16%), EBITDA varies by -79%, reducing margin by 17.5 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 33 k€, i.e. 2.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 2%. 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 82%. 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 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.2% 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 579.12. 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 1.2x. 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: 89 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 50 days. The gap of 39 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 98 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 265 days of revenue, i.e. 1.0 M€ to permanently finance. Over 2016-2024, WCR increased by +149%, requiring additional financing.

Indicative estimate only : the number of comparable transactions in this sector is limited (31 transactions). This range of 58 012€ to 157 352€ is provided for information purposes only and requires in-depth analysis to be confirmed.