GROUPE CAHORS SA : revenue, balance sheet and financial ratios

In 2024, GROUPE CAHORS SA achieves revenue of 20.8 M€. Over the period 2015-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +15.5%. Vs 2020, growth of +35% (15.3 M€ -> 20.8 M€). After deducting consumption (0 €), gross margin stands at 20.8 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 17.3 M€, representing 83.5% of revenue. Positive scissor effect: EBITDA margin improves by +26.9 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 64.8 M€, i.e. 312.2% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 36%. 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 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 313.8% 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 197.38. 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 6.4x. 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: 376 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 180 days. The gap of 196 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 944 days of revenue, i.e. 54.4 M€ to permanently finance. Over 2015-2024, WCR increased by +595%, requiring additional financing.

Based on 173 transactions of similar company sales (all years), the value of GROUPE CAHORS SA is estimated at 77 851 564 € (range 25 181 158€ - 186 600 479€). With an EBITDA of 17 329 482€, the sector multiple of 3.4x is applied. The price/revenue ratio is 0.38x (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.