SIREN : 432371342
CORDON ELECTRONICS is a French company founded 25 years ago, specialized in the sector Réparation d'équipements de communication. Based in TADEN (22100), this company of category ETI shows in 2020 a revenue of 138.6 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
| Indicator | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|
| Revenue | 138 568 381 € | 148 108 944 € | 123 489 593 € | 119 038 210 € |
| Net income | 1 915 367 € | 2 185 383 € | 5 767 402 € | 2 117 813 € |
| EBITDA | 4 898 224 € | 5 085 683 € | 26 990 152 € | -6 538 792 € |
| Net margin | 1.4% | 1.5% | 4.7% | 1.8% |
In 2020, CORDON ELECTRONICS achieves revenue of 138.6 M€. Over the period 2017-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +5.2%. Slight decline of -6% vs 2019. After deducting consumption (58.6 M€), gross margin stands at 80.0 M€, i.e. a rate of 58%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 4.9 M€, representing 3.5% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.9 M€, i.e. 1.4% of revenue. This profit can be retained or distributed to shareholders.
138 568 381 €
79 975 894 €
4 898 224 €
3 636 672 €
1 915 367 €
3.5%
The debt ratio (= Financial debt / Equity x 100) stands at 121%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 25%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 7.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 3.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
120.547%
25.0%
3.018%
7.306
30.9%
In 2020, the debt ratio of CORDON ELECTRONICS (120.55) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.
In 2020, the financial autonomy of CORDON ELECTRONICS (25.0%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2020, the repayment capacity of CORDON ELECTRONICS (7.31) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.
The liquidity ratio (= Current assets / Current liabilities) stands at 196.69. 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 28.5x. Operating income very largely covers interest expenses: high safety margin.
196.685
28.529
In 2020, the liquidity ratio of CORDON ELECTRONICS (196.69) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.
In 2020, the interest coverage of CORDON ELECTRONICS (28.5x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 59 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 70 days. Favorable situation: supplier credit is longer than customer credit by 11 days. Inventory turnover is 31 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 111 days of revenue, i.e. 42.9 M€ to permanently finance. Over 2017-2020, WCR increased by +27%, requiring additional financing.
42 904 928 €
59 j
70 j
31 j
111 j
Based on 53 transactions of similar company sales
(all years),
the value of CORDON ELECTRONICS is estimated at
12 188 165 €
(range 5 505 383€ - 23 243 713€).
With an EBITDA of 4 898 224€, the sector multiple of 1.4x is applied.
The price/revenue ratio is 0.20x
(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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 53 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare CORDON ELECTRONICS with other companies in the same sector:
Voir toutes les statistiques du secteur Réparation d'équipements de communication
The revenue of CORDON ELECTRONICS in 2020 is 138.6 M€.
Yes, CORDON ELECTRONICS generated a net profit of 1.9 M€ in 2020.
The headquarters of CORDON ELECTRONICS is located in TADEN (22100), in the department Cotes-d'Armor.
The tax return of CORDON ELECTRONICS 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).
CORDON ELECTRONICS operates in the sector Réparation d'équipements de communication (NAF code 95.12Z). See the 'Sector positioning' section above to compare the company with its competitors.