HOLDING CLEMENT LANGLOIS : revenue, balance sheet and financial ratios

In 2024, HOLDING CLEMENT LANGLOIS achieves revenue of 416 k€. Revenue is growing positively over 8 years (CAGR: +2.8%). Vs 2023, growth of +30% (320 k€ -> 416 k€). After deducting consumption (0 €), gross margin stands at 416 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 258 k€, representing 61.9% of revenue. Positive scissor effect: EBITDA margin improves by +24.9 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 290 k€, i.e. 69.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 56%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 63%. 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 7.6 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 92.6% 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 2649.72. 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 51.2x. 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: 36 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 103 days. Excellent situation: suppliers finance 67 days of the operating cycle (retail model). Overall, WCR represents 999 days of revenue, i.e. 1.2 M€ to permanently finance. Over 2015-2024, WCR increased by +3589%, requiring additional financing.

Based on 173 transactions of similar company sales (all years), the value of HOLDING CLEMENT LANGLOIS is estimated at 695 545 € (range 213 200€ - 1 519 220€). With an EBITDA of 257 816€, 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.