ETABLISSEMENTS PIARD PERE ET FILS : revenue, balance sheet and financial ratios

In 2024, ETABLISSEMENTS PIARD PERE ET FILS achieves revenue of 291 k€. Revenue is growing positively over 8 years (CAGR: +1.9%). Vs 2023: +5%. After deducting consumption (0 €), gross margin stands at 291 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 110 k€, representing 37.8% of revenue. Warning negative scissor effect: despite revenue change (+5%), EBITDA varies by -3%, reducing margin by 3.0 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 11 k€, i.e. 3.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 16%. 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 1.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 34.7% 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 32.89. 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 1.9x. Coverage is limited: any activity downturn would jeopardize interest payments.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 60 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 758 days. Excellent situation: suppliers finance 698 days of the operating cycle (retail model). Overall, WCR represents 9 days of revenue, i.e. 7 k€ to permanently finance. Notable WCR improvement over the period (-92%), freeing up cash.

Based on 169 transactions of similar company sales in 2024, the value of ETABLISSEMENTS PIARD PERE ET FILS is estimated at 392 845 € (range 112 794€ - 707 245€). With an EBITDA of 109 765€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (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.