GROUPEMENT DES ENROBES NIORTAIS : revenue, balance sheet and financial ratios

In 2024, GROUPEMENT DES ENROBES NIORTAIS achieves revenue of 3.9 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +17.8%. Vs 2023, growth of +26% (3.1 M€ -> 3.9 M€). After deducting consumption (2.7 M€), gross margin stands at 1.2 M€, i.e. a rate of 31%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 524 k€, representing 13.6% of revenue. Positive scissor effect: EBITDA margin improves by +6.3 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Net income is negative at -155 k€ (-4.0% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -4494%. 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 -2%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 12.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 10.5% 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 94.26. 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 8.6x. 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: 88 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 109 days. Favorable situation: supplier credit is longer than customer credit by 21 days. Inventory turnover is 13 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 74 days of revenue, i.e. 797 k€ to permanently finance. Over 2017-2024, WCR increased by +1495%, requiring additional financing.

Based on 228 transactions of similar company sales (all years), the value of GROUPEMENT DES ENROBES NIORTAIS is estimated at 689 906 € (range 285 219€ - 1 857 536€). With an EBITDA of 523 791€, the sector multiple of 1.5x is applied. The price/revenue ratio is 0.13x (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.