EFIGRAIN-SEZANE : revenue, balance sheet and financial ratios

EFIGRAIN-SEZANE is a French company founded 106 years ago, specialized in the sector Commerce de gros (commerce interentreprises) de céréales, de tabac non manufacturé, de semences et d'aliments pour le bétail . Based in SEZANNE (51120), this company of category ETI shows in 2023 a revenue of 50.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - EFIGRAIN-SEZANE (SIREN 302700612)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 50 874 311 € 40 235 606 € 28 786 539 € 28 039 967 € 29 339 731 € 27 087 934 € 21 545 513 € 31 100 782 €
Net income 463 233 € 512 956 € 1 331 933 € -1 663 360 € 250 033 € 404 588 € 230 695 € 868 921 €
EBITDA 1 132 112 € 701 722 € 879 029 € 417 028 € 618 748 € -124 036 € -395 870 € 304 468 €
Net margin 0.9% 1.3% 4.6% -5.9% 0.9% 1.5% 1.1% 2.8%

Revenue and income statement

In 2023, EFIGRAIN-SEZANE achieves revenue of 50.9 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +7.3%. Vs 2022, growth of +26% (40.2 M€ -> 50.9 M€). After deducting consumption (47.2 M€), gross margin stands at 3.6 M€, i.e. a rate of 7%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.1 M€, representing 2.2% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 463 k€, i.e. 0.9% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

50 874 311 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

3 640 734 €

EBITDA (2023) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

1 132 112 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

340 816 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

463 233 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.2%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 20%. 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 30%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

19.924%

Financial autonomy (2023) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

29.677%

Cash flow / Revenue (2023) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

2.194%

Repayment capacity (2023) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

2.309

Asset age ratio (2023) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

27.9%

Solvency indicators evolution
EFIGRAIN-SEZANE

Sector positioning

Debt ratio
19.92 2023
2021
2022
2023
Q1: 6.5
Med: 45.73
Q3: 127.92
Good

In 2023, the debt ratio of EFIGRAIN-SEZANE (19.92) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
29.68% 2023
2021
2022
2023
Q1: 19.42%
Med: 37.28%
Q3: 56.05%
Average -36 pts over 3 years

In 2023, the financial autonomy of EFIGRAIN-SEZANE (29.7%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
2.31 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 1.62 years
Q3: 6.02 years
Average

In 2023, the repayment capacity of EFIGRAIN-SEZANE (2.31) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 109.81. 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 35.9x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

109.812

Interest coverage (2023) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

35.852

Liquidity indicators evolution
EFIGRAIN-SEZANE

Sector positioning

Liquidity ratio
109.81 2023
2021
2022
2023
Q1: 134.74
Med: 212.01
Q3: 354.19
Watch -11 pts over 3 years

In 2023, the liquidity ratio of EFIGRAIN-SEZANE (109.81) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
35.85x 2023
2021
2022
2023
Q1: 0.0x
Med: 6.9x
Q3: 27.28x
Excellent

In 2023, the interest coverage of EFIGRAIN-SEZANE (35.9x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 135 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 168 days. Excellent situation: suppliers finance 33 days of the operating cycle (retail model). Overall, WCR represents 175 days of revenue, i.e. 24.7 M€ to permanently finance. Over 2016-2023, WCR increased by +215%, requiring additional financing.

Operating WCR (2023) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

24 743 230 €

Customer credit (2023) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

135 j

Supplier credit (2023) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

168 j

Inventory turnover (2023) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2023) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

175 j

WCR and payment terms evolution
EFIGRAIN-SEZANE

Positioning of EFIGRAIN-SEZANE in its sector

Comparison with sector Commerce de gros (commerce interentreprises) de céréales, de tabac non manufacturé, de semences et d'aliments pour le bétail

Valuation estimate

Based on 94 transactions of similar company sales (all years), the value of EFIGRAIN-SEZANE is estimated at 2 711 862 € (range 1 780 481€ - 4 166 257€). With an EBITDA of 1 132 112€, the sector multiple of 0.5x is applied. The price/revenue ratio is 0.15x (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.

Estimated enterprise value 2023
94 tx
1780k€ 2711k€ 4166k€
2 711 862 € Range: 1 780 481€ - 4 166 257€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 132 112 € × 0.5x
Estimation 552 102 €
325 990€ - 2 360 353€
Revenue Multiple 30%
50 874 311 € × 0.15x
Estimation 7 688 258 €
5 217 988€ - 8 826 670€
Net Income Multiple 20%
463 233 € × 1.4x
Estimation 646 672 €
260 448€ - 1 690 397€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 94 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Commerce de gros (commerce interentreprises) de céréales, de tabac non manufacturé, de semences et d'aliments pour le bétail )

Compare EFIGRAIN-SEZANE with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) de céréales, de tabac non manufacturé, de semences et d'aliments pour le bétail

Frequently asked questions about EFIGRAIN-SEZANE

What is the revenue of EFIGRAIN-SEZANE ?

The revenue of EFIGRAIN-SEZANE in 2023 is 50.9 M€.

Is EFIGRAIN-SEZANE profitable?

Yes, EFIGRAIN-SEZANE generated a net profit of 463 k€ in 2023.

Where is the headquarters of EFIGRAIN-SEZANE ?

The headquarters of EFIGRAIN-SEZANE is located in SEZANNE (51120), in the department Marne.

Where to find the tax return of EFIGRAIN-SEZANE ?

The tax return of EFIGRAIN-SEZANE 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).

In which sector does EFIGRAIN-SEZANE operate?

EFIGRAIN-SEZANE operates in the sector Commerce de gros (commerce interentreprises) de céréales, de tabac non manufacturé, de semences et d'aliments pour le bétail (NAF code 46.21Z). See the 'Sector positioning' section above to compare the company with its competitors.