FRANCOIS-CHARLES OBERTHUR LOGISTIQUE SAS : revenue, balance sheet and financial ratios

In 2024, FRANCOIS-CHARLES OBERTHUR LOGISTIQUE SAS achieves revenue of 157 k€. Revenue is declining over the period 2016-2024 (CAGR: -14.2%). Significant drop of -75% vs 2023. After deducting consumption (0 €), gross margin stands at 157 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 34 k€, representing 21.3% of revenue. Warning negative scissor effect: despite revenue change (-75%), EBITDA varies by -93%, reducing margin by 56.1 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -116 k€ (-73.5% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 1%. 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 59%. 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 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 12.7% 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 115.61. 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 69.7x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 418 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 22 days. The gap of 396 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-114 days): operations structurally generate cash. Notable WCR improvement over the period (-130%), freeing up cash.

Based on 62 transactions of similar company sales in 2024, the value of FRANCOIS-CHARLES OBERTHUR LOGISTIQUE SAS is estimated at 118 411 € (range 40 533€ - 276 135€). With an EBITDA of 33 502€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.30x (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.