GROUPE PETIT FORESTIER : revenue, balance sheet and financial ratios

In 2024, GROUPE PETIT FORESTIER achieves revenue of 67.9 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +43.9%. Vs 2023: +8%. After deducting consumption (34 k€), gross margin stands at 67.9 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 3.2 M€, representing 4.8% of revenue. Warning negative scissor effect: despite revenue change (+8%), EBITDA varies by -28%, reducing margin by 2.4 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 13.4 M€, i.e. 19.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 173%. 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 33%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 36.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 23.0% 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 234.54. 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 570.7x. 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: 303 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 108 days. The gap of 195 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 1004 days of revenue, i.e. 189.5 M€ to permanently finance. Over 2016-2024, WCR increased by +2019%, requiring additional financing.

Based on 103 transactions of similar company sales in 2024, the value of GROUPE PETIT FORESTIER is estimated at 41 340 690 € (range 13 820 897€ - 97 650 161€). With an EBITDA of 3 249 296€, the sector multiple of 5.0x 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.