HENRI RAFFIN : revenue, balance sheet and financial ratios

HENRI RAFFIN is a French company founded 70 years ago, specialized in the sector Préparation industrielle de produits à base de viande. Based in VALGELON-LA ROCHETTE (73110), this company of category ETI shows in 2024 a revenue of 80.2 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - HENRI RAFFIN (SIREN 745621037)
Indicator 2024 2023 2021 2020 2019 2018 2017 2016
Revenue 80 160 174 € 76 341 360 € 65 366 861 € 62 030 103 € 60 144 050 € 58 497 071 € 50 313 484 € 44 752 141 €
Net income 25 931 € 300 861 € 3 047 469 € 2 284 536 € 1 570 694 € 2 020 808 € 1 739 551 € 1 908 045 €
EBITDA 1 911 052 € 1 795 387 € 5 364 635 € 5 415 802 € 4 166 970 € 4 313 628 € 3 544 702 € 4 455 180 €
Net margin 0.0% 0.4% 4.7% 3.7% 2.6% 3.5% 3.5% 4.3%

Revenue and income statement

In 2024, HENRI RAFFIN achieves revenue of 80.2 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +7.6%. Vs 2023: +5%. After deducting consumption (43.0 M€), gross margin stands at 37.2 M€, i.e. a rate of 46%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.9 M€, representing 2.4% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 26 k€, i.e. 0.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

80 160 174 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

37 195 617 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

1 911 052 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

49 857 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

25 931 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.4%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 20%. 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 37%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

19.508%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

36.683%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

1.997%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

1.369

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

21.3%

Solvency indicators evolution
HENRI RAFFIN

Sector positioning

Debt ratio
19.51 2024
2021
2023
2024
Q1: 6.45
Med: 32.78
Q3: 90.97
Good +12 pts over 3 years

In 2024, the debt ratio of HENRI RAFFIN (19.51) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
36.68% 2024
2021
2023
2024
Q1: 22.29%
Med: 47.18%
Q3: 63.72%
Average -31 pts over 3 years

In 2024, the financial autonomy of HENRI RAFFIN (36.7%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
1.37 years 2024
2021
2023
2024
Q1: 0.0 years
Med: 0.93 years
Q3: 4.06 years
Average +21 pts over 3 years

In 2024, the repayment capacity of HENRI RAFFIN (1.37) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 134.73. 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 12.3x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

134.734

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

12.288

Liquidity indicators evolution
HENRI RAFFIN

Sector positioning

Liquidity ratio
134.73 2024
2021
2023
2024
Q1: 131.3
Med: 205.86
Q3: 315.92
Average -11 pts over 3 years

In 2024, the liquidity ratio of HENRI RAFFIN (134.73) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
12.29x 2024
2021
2023
2024
Q1: 0.0x
Med: 3.12x
Q3: 13.56x
Good +43 pts over 3 years

In 2024, the interest coverage of HENRI RAFFIN (12.3x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 38 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 38 days. Inventory turnover is 31 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 41 days of revenue, i.e. 9.1 M€ to permanently finance.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

9 130 244 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

38 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

38 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

31 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

41 j

WCR and payment terms evolution
HENRI RAFFIN

Positioning of HENRI RAFFIN in its sector

Comparison with sector Préparation industrielle de produits à base de viande

Valuation estimate

Based on 108 transactions of similar company sales (all years), the value of HENRI RAFFIN is estimated at 9 679 844 € (range 5 375 700€ - 18 234 910€). With an EBITDA of 1 911 052€, the sector multiple of 3.6x is applied. The price/revenue ratio is 0.26x (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.

Estimated enterprise value 2024
108 transactions
5375k€ 9679k€ 18234k€
9 679 844 € Range: 5 375 700€ - 18 234 910€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
1 911 052 € × 3.6x
Estimation 6 960 012 €
4 232 196€ - 15 338 535€
Revenue Multiple 30%
80 160 174 € × 0.26x
Estimation 20 590 716 €
10 838 642€ - 34 994 094€
Net Income Multiple 20%
25 931 € × 4.4x
Estimation 113 118 €
40 049€ - 337 073€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 108 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Préparation industrielle de produits à base de viande)

Compare HENRI RAFFIN with other companies in the same sector:

Voir toutes les statistiques du secteur Préparation industrielle de produits à base de viande

Frequently asked questions about HENRI RAFFIN

What is the revenue of HENRI RAFFIN ?

The revenue of HENRI RAFFIN in 2024 is 80.2 M€.

Is HENRI RAFFIN profitable?

Yes, HENRI RAFFIN generated a net profit of 26 k€ in 2024.

Where is the headquarters of HENRI RAFFIN ?

The headquarters of HENRI RAFFIN is located in VALGELON-LA ROCHETTE (73110), in the department Savoie.

Where to find the tax return of HENRI RAFFIN ?

The tax return of HENRI RAFFIN is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does HENRI RAFFIN operate?

HENRI RAFFIN operates in the sector Préparation industrielle de produits à base de viande (NAF code 10.13A). See the 'Sector positioning' section above to compare the company with its competitors.