DYCKERHOFF GRAVIERES ET SABLIERES SELTZ : revenue, balance sheet and financial ratios

In 2024, DYCKERHOFF GRAVIERES ET SABLIERES SELTZ achieves revenue of 2.4 M€. Revenue is growing positively over 9 years (CAGR: +3.0%). Significant drop of -14% vs 2023. After deducting consumption (230 k€), gross margin stands at 2.2 M€, i.e. a rate of 90%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 424 k€, representing 17.6% of revenue. Warning negative scissor effect: despite revenue change (-14%), EBITDA varies by -27%, reducing margin by 3.2 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -250 k€ (-10.4% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 246%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 21%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 6.1 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 15.0% 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 166.88. 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 18.5x. 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: 9 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 54 days. Excellent situation: suppliers finance 45 days of the operating cycle (retail model). Inventory turnover is 71 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 74 days of revenue, i.e. 492 k€ to permanently finance.

Based on 95 transactions of similar company sales (all years), the value of DYCKERHOFF GRAVIERES ET SABLIERES SELTZ is estimated at 531 093 € (range 174 983€ - 2 945 115€). With an EBITDA of 423 562€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.17x (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.