ENTREPOTS FRIGORIFIQUES DU NORD ET DE L'EST : revenue, balance sheet and financial ratios

In 2024, ENTREPOTS FRIGORIFIQUES DU NORD ET DE L'EST achieves revenue of 644 k€. Revenue is growing positively over 8 years (CAGR: +3.9%). Vs 2022, growth of +33% (485 k€ -> 644 k€). After deducting consumption (0 €), gross margin stands at 644 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 526 k€, representing 81.7% of revenue. Warning negative scissor effect: despite revenue change (+33%), EBITDA varies by +24%, reducing margin by 5.5 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 155 k€, i.e. 24.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 29%. 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 73%. 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 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 72.2% 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 46.87. 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 6.3x. 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: 27 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 449 days. Excellent situation: suppliers finance 422 days of the operating cycle (retail model). WCR is negative (-294 days): operations structurally generate cash. Notable WCR improvement over the period (-4166%), freeing up cash.

Based on 77 transactions of similar company sales (all years), the value of ENTREPOTS FRIGORIFIQUES DU NORD ET DE L'EST is estimated at 332 202 € (range 149 612€ - 837 147€). With an EBITDA of 526 072€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.14x (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.