FLEURY MICHON LS : revenue, balance sheet and financial ratios

FLEURY MICHON LS is a French company founded 39 years ago, specialized in the sector Préparation industrielle de produits à base de viande. Based in POUZAUGES (85700), this company of category ETI shows in 2024 a revenue of 748.3 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

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

Financial history - FLEURY MICHON LS (SIREN 340545441)
Indicator 2024 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue 748 318 899 € 743 705 434 € 688 314 986 € 734 333 739 € 685 045 517 € 704 928 139 € 718 070 209 € 227 906 137 € 252 166 170 € 244 977 309 €
Net income 15 919 407 € 7 755 828 € 9 118 554 € 13 056 066 € -4 337 861 € 14 661 683 € 17 464 472 € 2 100 936 € 2 754 916 € 3 306 482 €
EBITDA 27 328 330 € 27 948 415 € 37 360 862 € 61 187 310 € 9 544 598 € 31 593 663 € 29 992 715 € 7 243 089 € 8 812 302 € 9 519 992 €
Net margin 2.1% 1.0% 1.3% 1.8% -0.6% 2.1% 2.4% 0.9% 1.1% 1.3%

Revenue and income statement

In 2024, FLEURY MICHON LS achieves revenue of 748.3 M€. Over the period 2014-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +11.8%. Vs 2022: +1%. After deducting consumption (391.3 M€), gross margin stands at 357.1 M€, i.e. a rate of 48%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 27.3 M€, representing 3.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 15.9 M€, i.e. 2.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

748 318 899 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

357 066 006 €

EBITDA (2024) ?
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

27 328 330 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

13 799 837 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

15 919 407 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

3.7%

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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 53%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 34%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.6 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 3.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

52.822%

Financial autonomy (2024) ?
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

34.015%

Cash flow / Revenue (2024) ?
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

3.5%

Repayment capacity (2024) ?
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

3.558

Asset age ratio (2024) ?
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

23.8%

Solvency indicators evolution
FLEURY MICHON LS

Sector positioning

Debt ratio
52.82 2024
2021
2022
2024
Q1: 6.45
Med: 32.78
Q3: 90.97
Average +6 pts over 3 years

In 2024, the debt ratio of FLEURY MICHON LS (52.82) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
34.02% 2024
2021
2022
2024
Q1: 22.29%
Med: 47.18%
Q3: 63.72%
Average

In 2024, the financial autonomy of FLEURY MICHON LS (34.0%) 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
3.56 years 2024
2021
2022
2024
Q1: 0.0 years
Med: 0.93 years
Q3: 4.06 years
Average

In 2024, the repayment capacity of FLEURY MICHON LS (3.56) 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 150.53. 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 19.7x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
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

150.534

Interest coverage (2024) ?
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

19.69

Liquidity indicators evolution
FLEURY MICHON LS

Sector positioning

Liquidity ratio
150.53 2024
2021
2022
2024
Q1: 131.3
Med: 205.86
Q3: 315.92
Average +7 pts over 3 years

In 2024, the liquidity ratio of FLEURY MICHON LS (150.53) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
19.69x 2024
2021
2022
2024
Q1: 0.0x
Med: 3.12x
Q3: 13.56x
Excellent

In 2024, the interest coverage of FLEURY MICHON LS (19.7x) 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: 33 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 59 days. Favorable situation: supplier credit is longer than customer credit by 26 days. Inventory turnover is 21 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 93 days of revenue, i.e. 193.7 M€ to permanently finance. Over 2014-2024, WCR increased by +221%, requiring additional financing.

Operating WCR (2024) ?
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

193 724 797 €

Customer credit (2024) ?
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

33 j

Supplier credit (2024) ?
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

59 j

Inventory turnover (2024) ?
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

21 j

WCR in days of revenue (2024) ?
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

93 j

WCR and payment terms evolution
FLEURY MICHON LS

Positioning of FLEURY MICHON LS in its sector

Comparison with sector Préparation industrielle de produits à base de viande

Valuation estimate

Based on 108 transactions of similar company sales (all years), the value of FLEURY MICHON LS is estimated at 121 319 622 € (range 65 532 381€ - 249 062 468€). With an EBITDA of 27 328 330€, the sector multiple of 3.6x is applied. The price/revenue ratio is 0.26x (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.

Estimated enterprise value 2024
108 transactions
65532k€ 121319k€ 249062k€
121 319 622 € Range: 65 532 381€ - 249 062 468€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
27 328 330 € × 3.6x
Estimation 99 529 217 €
60 521 033€ - 219 343 349€
Revenue Multiple 30%
748 318 899 € × 0.26x
Estimation 192 220 420 €
101 181 925€ - 326 680 202€
Net Income Multiple 20%
15 919 407 € × 4.4x
Estimation 69 444 441 €
24 586 436€ - 206 933 667€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 108 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 (Préparation industrielle de produits à base de viande)

Compare FLEURY MICHON LS with other companies in the same sector:

Voir toutes les statistiques du secteur Préparation industrielle de produits à base de viande

Frequently asked questions about FLEURY MICHON LS

What is the revenue of FLEURY MICHON LS ?

The revenue of FLEURY MICHON LS in 2024 is 748.3 M€.

Is FLEURY MICHON LS profitable?

Yes, FLEURY MICHON LS generated a net profit of 15.9 M€ in 2024.

Where is the headquarters of FLEURY MICHON LS ?

The headquarters of FLEURY MICHON LS is located in POUZAUGES (85700), in the department Vendee.

Where to find the tax return of FLEURY MICHON LS ?

The tax return of FLEURY MICHON LS 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 FLEURY MICHON LS operate?

FLEURY MICHON LS operates in the sector Préparation industrielle de produits à base de viande (NAF code 10.13A). See the 'Sector positioning' section above to compare the company with its competitors.