FERRAT-CHOLLEY : revenue, balance sheet and financial ratios

In 2025, FERRAT-CHOLLEY achieves revenue of 4.1 M€. Revenue is declining over the period 2023-2025 (CAGR: -7.1%). Significant drop of -14% vs 2023. After deducting consumption (1.9 M€), gross margin stands at 2.2 M€, i.e. a rate of 54%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 476 k€, representing 11.6% of revenue. Warning negative scissor effect: despite revenue change (-14%), EBITDA varies by -28%, reducing margin by 2.2 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 301 k€, i.e. 7.3% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 9%. 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 77%. 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 0.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 8.7% 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 541.65. 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 3.6x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 38 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 34 days. The company must finance 4 days of gap between collections and payments. Inventory turnover is 87 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 118 days of revenue, i.e. 1.3 M€ to permanently finance.

Based on 95 transactions of similar company sales (all years), the value of FERRAT-CHOLLEY is estimated at 620 383 € (range 217 513€ - 2 973 437€). With an EBITDA of 476 388€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.17x (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.