Employees: 12 (2023.0)Legal category: SCA (commandite par actions)Size: NoneCreation date: 1994-05-05 (32 years)Status: ActiveBusiness sector: Activités de soutien aux culturesLocation: SABRES (40630), Landes
FRANCE PIVOTS : revenue, balance sheet and financial ratios
FRANCE PIVOTS is a French company
founded 32 years ago,
specialized in the sector Activités de soutien aux cultures.
Based in SABRES (40630),
this company of category PME
shows in 2023 a revenue of 10.0 M€.
Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Financial history - FRANCE PIVOTS (SIREN 395066905)
Indicator
2023
2017
2016
Revenue
10 035 039 €
4 128 233 €
3 819 132 €
Net income
768 399 €
243 843 €
140 946 €
EBITDA
1 076 082 €
330 568 €
251 031 €
Net margin
7.7%
5.9%
3.7%
Revenue and income statement
In 2023, FRANCE PIVOTS achieves revenue of 10.0 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +14.8%. Vs 2017, growth of +143% (4.1 M€ -> 10.0 M€). After deducting consumption (5.2 M€), gross margin stands at 4.9 M€, i.e. a rate of 49%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.1 M€, representing 10.7% of revenue. Positive scissor effect: EBITDA margin improves by +2.7 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 768 k€, i.e. 7.7% of revenue. This profit can be retained or distributed to shareholders.
Revenue (2023)
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Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production
10 035 039 €
Gross margin (2023)
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Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed
4 878 834 €
EBITDA (2023)
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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
1 076 082 €
EBIT (2023)
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EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals
986 895 €
Net income (2023)
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Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax
768 399 €
EBITDA margin (2023)
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EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability 5-10% : Average < 5% : Low
10.7%
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Income statement
Item
Amount
% Revenue
Change
The detailed income statement is not available for this company (simplified accounts or confidential data).
Chart evolution
Show :
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Assets
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Gross
Deprec.
Net
%
Change
Assets balance sheet data not available for this company
Liabilities
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Year
%
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Liabilities balance sheet data not available for this company
Solvency and debt ratios
The debt ratio (= Financial debt / Equity x 100) stands at 48%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 46%. 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 2.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 8.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
Debt ratio (2023)
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Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low 50-100% : Moderate > 100% : High
47.536%
Financial autonomy (2023)
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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
46.045%
Cash flow / Revenue (2023)
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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
8.288%
Repayment capacity (2023)
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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
2.034
Asset age ratio (2023)
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Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2016
2017
2023
Debt ratio
14.362
12.576
47.536
Financial autonomy
62.482
59.459
46.045
Repayment capacity
1.161
0.894
2.034
Cash flow / Revenue
4.244%
5.794%
8.288%
Sector positioning
Debt ratio
47.542023
2016
2017
2023
Q1: 21.86
Med: 127.12
Q3: 396.44
Good+6 pts over 3 years
In 2023, the debt ratio of FRANCE PIVOTS (47.54) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
Financial autonomy
46.05%2023
2016
2017
2023
Q1: 10.46%
Med: 26.68%
Q3: 49.11%
Good
In 2023, the financial autonomy of FRANCE PIVOTS (46.0%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
Repayment capacity
2.03 years2023
2016
2017
2023
Q1: 0.0 years
Med: 2.18 years
Q3: 4.92 years
Good+11 pts over 3 years
In 2023, the repayment capacity of FRANCE PIVOTS (2.03) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.
Liquidity ratios
The liquidity ratio (= Current assets / Current liabilities) stands at 256.19. 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 1.5x. Coverage is limited: any activity downturn would jeopardize interest payments.
Liquidity ratio (2023)
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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
256.195
Interest coverage (2023)
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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
1.546
Liquidity indicators evolution FRANCE PIVOTS
Visualisation créée via abddaf.fr Sources : INPI & BCE - Retraitements : Ministère de l'économie
Indicator
2016
2017
2023
Liquidity ratio
297.306
270.582
256.195
Interest coverage
0.24
0.593
1.546
Sector positioning
Liquidity ratio
256.192023
2016
2017
2023
Q1: 107.32
Med: 190.81
Q3: 353.37
Good-15 pts over 3 years
In 2023, the liquidity ratio of FRANCE PIVOTS (256.19) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.
Interest coverage
1.55x2023
2016
2017
2023
Q1: 0.0x
Med: 2.31x
Q3: 5.94x
Average+17 pts over 3 years
In 2023, the interest coverage of FRANCE PIVOTS (1.6x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.
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: 77 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 64 days. The company must finance 13 days of gap between collections and payments. Inventory turnover is 108 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 169 days of revenue, i.e. 4.7 M€ to permanently finance. Over 2016-2023, WCR increased by +218%, requiring additional financing.
Operating WCR (2023)
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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
4 715 465 €
Customer credit (2023)
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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
77 j
Supplier credit (2023)
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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
64 j
Inventory turnover (2023)
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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
108 j
WCR in days of revenue (2023)
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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
169 j
WCR and payment terms evolution FRANCE PIVOTS
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2016
2017
2023
Operating WCR
1 484 535 €
1 937 256 €
4 715 465 €
Inventory turnover (days)
78
75
108
Customer payment term (days)
61
97
77
Supplier payment term (days)
53
77
64
Positioning of FRANCE PIVOTS in its sector
Comparison with sector Activités de soutien aux cultures
Valuation estimate
Based on 50 transactions of similar company sales
(all years),
the value of FRANCE PIVOTS is estimated at
2 848 561 €
(range 1 028 946€ - 5 143 692€).
With an EBITDA of 1 076 082€, the sector multiple of 2.7x is applied.
The price/revenue ratio is 0.37x
(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.
Estimated enterprise value2023
50 tx
1028k€2848k€5143k€
2 848 561 €Range: 1 028 946€ - 5 143 692€
NAF 5 all-time
Valuation detail by method
Ajustez les pondérations selon votre analyse
EBITDA Multiple50%
1 076 082 €×2.7x
Estimation2 945 340 €
1 096 296€ - 4 610 460€
Revenue Multiple30%
10 035 039 €×0.37x
Estimation3 681 950 €
1 189 203€ - 6 802 677€
Net Income Multiple20%
768 399 €×1.8x
Estimation1 356 534 €
620 188€ - 3 988 297€
How is this estimate calculated?
This estimate is based on the analysis of 50 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 (Activités de soutien aux cultures)
Compare FRANCE PIVOTS with other companies in the same sector:
Yes, FRANCE PIVOTS generated a net profit of 768 k€ in 2023.
Where is the headquarters of FRANCE PIVOTS ?
The headquarters of FRANCE PIVOTS is located in SABRES (40630), in the department Landes.
Where to find the tax return of FRANCE PIVOTS ?
The tax return of FRANCE PIVOTS 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 FRANCE PIVOTS operate?
FRANCE PIVOTS operates in the sector Activités de soutien aux cultures (NAF code 01.61Z). See the 'Sector positioning' section above to compare the company with its competitors.
Item evolution
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