EFAP RHONE-ALPES SAS : revenue, balance sheet and financial ratios

In 2024, EFAP RHONE-ALPES SAS achieves revenue of 13.7 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +27.7%. Vs 2023: +6%. After deducting consumption (0 €), gross margin stands at 13.7 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 7.9 M€, representing 58.0% of revenue. Warning negative scissor effect: despite revenue change (+6%), EBITDA varies by +2%, reducing margin by 2.7 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 6.2 M€, i.e. 45.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 54%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 46.0% 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 156.08. 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 0.3x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 51 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 82 days. Excellent situation: suppliers finance 31 days of the operating cycle (retail model). Overall, WCR represents 110 days of revenue, i.e. 4.2 M€ to permanently finance. Over 2016-2024, WCR increased by +13026%, requiring additional financing.

Based on 412 transactions of similar company sales (all years), the value of EFAP RHONE-ALPES SAS is estimated at 17 687 402 € (range 6 933 190€ - 51 600 451€). With an EBITDA of 7 943 603€, the sector multiple of 3.0x is applied. The price/revenue ratio is 0.29x (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.