FOURNITURES MEDICALES ET DENTAIRES : revenue, balance sheet and financial ratios

In 2024, FOURNITURES MEDICALES ET DENTAIRES achieves revenue of 312 k€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +12.5%. Significant drop of -21% vs 2023. After deducting consumption (61 k€), gross margin stands at 251 k€, i.e. a rate of 80%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 58 k€, representing 18.6% of revenue. Positive scissor effect: EBITDA margin improves by +4.0 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -93 k€ (-29.9% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 103%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 23%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.4 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 5.2% 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 140.71. 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 2.8x. 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: 255 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 130 days. The gap of 125 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 18 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 128 days of revenue, i.e. 111 k€ to permanently finance. Over 2017-2024, WCR increased by +118%, requiring additional financing.

Based on 124 transactions of similar company sales (all years), the value of FOURNITURES MEDICALES ET DENTAIRES is estimated at 50 566 € (range 25 639€ - 168 809€). With an EBITDA of 58 237€, the sector multiple of 0.7x is applied. The price/revenue ratio is 0.21x (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.