CIE FRANCAISE DISTRIBUTION PHYSIQUE : revenue, balance sheet and financial ratios

In 2024, CIE FRANCAISE DISTRIBUTION PHYSIQUE achieves revenue of 10.2 M€. Over the period 2015-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +42.1%. Vs 2023, growth of +87019% (12 k€ -> 10.2 M€). After deducting consumption (0 €), gross margin stands at 10.2 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 1.8 M€, representing 17.3% of revenue. Positive scissor effect: EBITDA margin improves by +990.3 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 1.9 M€, i.e. 18.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 89%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 18.9% 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 306.42. 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 8.0x. 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: 147 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 179 days. Excellent situation: suppliers finance 32 days of the operating cycle (retail model). Inventory turnover is 313 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 324 days of revenue, i.e. 9.2 M€ to permanently finance. Over 2015-2024, WCR increased by +6624%, requiring additional financing.

Indicative estimate only : the number of comparable transactions in this sector is limited (22 transactions). This range of 5 316 610€ to 13 831 592€ is provided for information purposes only and requires in-depth analysis to be confirmed.