DC PLASTIQUES : revenue, balance sheet and financial ratios

In 2024, DC PLASTIQUES achieves revenue of 61.8 M€. Revenue is growing positively over 9 years (CAGR: +3.2%). Slight decline of -7% vs 2023. After deducting consumption (44.6 M€), gross margin stands at 17.2 M€, i.e. a rate of 28%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.2 M€, representing 3.5% of revenue. Warning negative scissor effect: despite revenue change (-7%), EBITDA varies by -46%, 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 998 k€, i.e. 1.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 30%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 53%. 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 1.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 150.10. 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 7.3x. 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: 47 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 46 days. The company must finance 1 days of gap between collections and payments. Inventory turnover is 78 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 102 days of revenue, i.e. 17.6 M€ to permanently finance.

Indicative estimate only : the number of comparable transactions in this sector is limited (32 transactions). This range of 3 850 015€ to 10 448 664€ is provided for information purposes only and requires in-depth analysis to be confirmed.