GRANDS MAGASINS DE LA SAMARITAINE : revenue, balance sheet and financial ratios

In 2024, GRANDS MAGASINS DE LA SAMARITAINE achieves revenue of 66.4 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +23.6%. Slight decline of -4% vs 2023. After deducting consumption (0 €), gross margin stands at 66.4 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 58.6 M€, representing 88.2% of revenue. Positive scissor effect: EBITDA margin improves by +2.5 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 12.0 M€, i.e. 18.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 316%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. 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 11.0 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 69.4% 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 109.91. 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 19.1x. 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: 173 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 1115 days. Excellent situation: suppliers finance 942 days of the operating cycle (retail model). Overall, WCR represents 86 days of revenue, i.e. 15.8 M€ to permanently finance. Notable WCR improvement over the period (-20%), freeing up cash.

Based on 169 transactions of similar company sales in 2024, the value of GRANDS MAGASINS DE LA SAMARITAINE is estimated at 196 550 745 € (range 54 506 108€ - 352 586 300€). With an EBITDA of 58 595 000€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (in line with sector norms). 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.