CONSTRUCTION METALLIQUE DU BOCAGE : revenue, balance sheet and financial ratios

In 2024, CONSTRUCTION METALLIQUE DU BOCAGE achieves revenue of 18.7 M€. Over the period 2014-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +13.3%. Vs 2023, growth of +45% (12.9 M€ -> 18.7 M€). After deducting consumption (8.5 M€), gross margin stands at 10.2 M€, i.e. a rate of 55%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 868 k€, representing 4.6% of revenue. Warning negative scissor effect: despite revenue change (+45%), EBITDA varies by -2%, reducing margin by 2.2 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 554 k€, i.e. 3.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 21%. 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 35%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 157.52. 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 3.0x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 57 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 60 days. Favorable situation: supplier credit is longer than customer credit by 3 days. Inventory turnover is 20 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 67 days of revenue, i.e. 3.5 M€ to permanently finance. Over 2014-2024, WCR increased by +180%, requiring additional financing.

Based on 56 transactions of similar company sales (all years), the value of CONSTRUCTION METALLIQUE DU BOCAGE is estimated at 1 384 566 € (range 824 313€ - 2 732 465€). With an EBITDA of 868 086€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.13x (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.