CHRONO FLEX HOLDING : revenue, balance sheet and financial ratios

In 2024, CHRONO FLEX HOLDING achieves revenue of 559 k€. Over the period 2021-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +150.7%. Vs 2023, growth of +205% (183 k€ -> 559 k€). After deducting consumption (0 €), gross margin stands at 559 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 88 k€, representing 15.8% of revenue. Positive scissor effect: EBITDA margin improves by +306.7 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.1 M€, i.e. 376.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 56%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 61%. 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 9.6 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 383.0% 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 95.89. 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 1484.7x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 320 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 826 days. Excellent situation: suppliers finance 506 days of the operating cycle (retail model). Overall, WCR represents 610 days of revenue, i.e. 947 k€ to permanently finance. Over 2021-2024, WCR increased by +6250%, requiring additional financing.

Based on 104 transactions of similar company sales (all years), the value of CHRONO FLEX HOLDING is estimated at 633 476 € (range 413 265€ - 2 207 700€). With an EBITDA of 88 306€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.27x (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.