ELEPHANT VERT FRANCE : revenue, balance sheet and financial ratios

In 2024, ELEPHANT VERT FRANCE achieves revenue of 7.4 M€. Revenue is growing positively over 9 years (CAGR: +2.3%). Slight decline of -0% vs 2023. After deducting consumption (831 k€), gross margin stands at 6.6 M€, i.e. a rate of 89%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 718 k€, representing 9.7% of revenue. This level of operating margin is satisfactory for the sector. Net income is negative at -39 k€ (-0.5% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 91%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 38%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 25.9 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 5.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 105.78. 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 63.2x. 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: 204 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 92 days. The gap of 112 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 88 days of revenue, i.e. 1.8 M€ to permanently finance. Notable WCR improvement over the period (-64%), freeing up cash.

Based on 69 transactions of similar company sales in 2024, the value of ELEPHANT VERT FRANCE is estimated at 3 744 576 € (range 1 446 771€ - 5 087 374€). With an EBITDA of 718 270€, the sector multiple of 4.3x is applied. The price/revenue ratio is 0.66x (in line with sector norms). 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.