COMPAGNIE ARMORICAINE DE TRANSPORTS : revenue, balance sheet and financial ratios

COMPAGNIE ARMORICAINE DE TRANSPORTS is a French company founded 72 years ago, specialized in the sector Transports routiers réguliers de voyageurs. Based in SAINT-BRIEUC (22000), this company of category GE shows in 2024 a revenue of 65.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - COMPAGNIE ARMORICAINE DE TRANSPORTS (SIREN 575450283)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 65 372 400 € 65 481 467 € 61 844 521 € 53 481 116 € 46 274 371 € 51 395 370 € 50 410 785 € 51 747 851 € 53 209 130 €
Net income 650 229 € 1 909 665 € 1 228 800 € 350 254 € 157 219 € 1 576 628 € 2 252 593 € 2 937 548 € 2 920 997 €
EBITDA 845 433 € 2 485 196 € 2 656 717 € -120 185 € -59 035 € 2 671 020 € 1 195 583 € 2 993 320 € 3 136 848 €
Net margin 1.0% 2.9% 2.0% 0.7% 0.3% 3.1% 4.5% 5.7% 5.5%

Revenue and income statement

In 2024, COMPAGNIE ARMORICAINE DE TRANSPORTS achieves revenue of 65.4 M€. Revenue is growing positively over 9 years (CAGR: +2.6%). Slight decline of -0% vs 2023. After deducting consumption (9.7 M€), gross margin stands at 55.7 M€, i.e. a rate of 85%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 845 k€, representing 1.3% of revenue. Warning negative scissor effect: despite revenue change (-0%), EBITDA varies by -66%, reducing margin by 2.5 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 650 k€, i.e. 1.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

65 372 400 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

55 668 547 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

845 433 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

1 508 586 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

650 229 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

1.0%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 1%. 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 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 0.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

1.073%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

9.467%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

0.441%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.0

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

16.6%

Solvency indicators evolution
COMPAGNIE ARMORICAINE DE TRANSPORTS

Sector positioning

Debt ratio
1.07 2024
2022
2023
2024
Q1: 0.05
Med: 13.36
Q3: 53.47
Good

In 2024, the debt ratio of COMPAGNIE ARMORICAINE DE ... (1.07) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
9.47% 2024
2022
2023
2024
Q1: 19.49%
Med: 38.63%
Q3: 57.22%
Average

In 2024, the financial autonomy of COMPAGNIE ARMORICAINE DE ... (9.5%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.0 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 1.3 years
Excellent -19 pts over 3 years

In 2024, the repayment capacity of COMPAGNIE ARMORICAINE DE ... (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 92.52. 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 240.5x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

92.523

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

240.472

Liquidity indicators evolution
COMPAGNIE ARMORICAINE DE TRANSPORTS

Sector positioning

Liquidity ratio
92.52 2024
2022
2023
2024
Q1: 120.71
Med: 178.19
Q3: 288.37
Watch

In 2024, the liquidity ratio of COMPAGNIE ARMORICAINE DE ... (92.52) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
240.47x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.09x
Q3: 3.69x
Excellent

In 2024, the interest coverage of COMPAGNIE ARMORICAINE DE ... (240.5x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 69 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 47 days. The company must finance 22 days of gap between collections and payments. Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 29 days of revenue, i.e. 5.2 M€ to permanently finance. Over 2016-2024, WCR increased by +476%, requiring additional financing.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

5 233 061 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

69 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

47 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

5 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

29 j

WCR and payment terms evolution
COMPAGNIE ARMORICAINE DE TRANSPORTS

Positioning of COMPAGNIE ARMORICAINE DE TRANSPORTS in its sector

Comparison with sector Transports routiers réguliers de voyageurs

Valuation estimate

Based on 85 transactions of similar company sales (all years), the value of COMPAGNIE ARMORICAINE DE TRANSPORTS is estimated at 3 692 206 € (range 2 347 102€ - 8 609 871€). With an EBITDA of 845 433€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.14x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
85 tx
2347k€ 3692k€ 8609k€
3 692 206 € Range: 2 347 102€ - 8 609 871€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
845 433 € × 1.4x
Estimation 1 183 443 €
332 100€ - 3 358 401€
Revenue Multiple 30%
65 372 400 € × 0.14x
Estimation 9 236 377 €
6 950 283€ - 20 720 509€
Net Income Multiple 20%
650 229 € × 2.5x
Estimation 1 647 861 €
479 836€ - 3 572 589€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 85 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Transports routiers réguliers de voyageurs)

Compare COMPAGNIE ARMORICAINE DE TRANSPORTS with other companies in the same sector:

Voir toutes les statistiques du secteur Transports routiers réguliers de voyageurs

Frequently asked questions about COMPAGNIE ARMORICAINE DE TRANSPORTS

What is the revenue of COMPAGNIE ARMORICAINE DE TRANSPORTS ?

The revenue of COMPAGNIE ARMORICAINE DE TRANSPORTS in 2024 is 65.4 M€.

Is COMPAGNIE ARMORICAINE DE TRANSPORTS profitable?

Yes, COMPAGNIE ARMORICAINE DE TRANSPORTS generated a net profit of 650 k€ in 2024.

Where is the headquarters of COMPAGNIE ARMORICAINE DE TRANSPORTS ?

The headquarters of COMPAGNIE ARMORICAINE DE TRANSPORTS is located in SAINT-BRIEUC (22000), in the department Cotes-d'Armor.

Where to find the tax return of COMPAGNIE ARMORICAINE DE TRANSPORTS ?

The tax return of COMPAGNIE ARMORICAINE DE TRANSPORTS is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does COMPAGNIE ARMORICAINE DE TRANSPORTS operate?

COMPAGNIE ARMORICAINE DE TRANSPORTS operates in the sector Transports routiers réguliers de voyageurs (NAF code 49.39A). See the 'Sector positioning' section above to compare the company with its competitors.