INTERNATIONAL EXPRESS SERVICE : revenue, balance sheet and financial ratios

INTERNATIONAL EXPRESS SERVICE is a French company founded 32 years ago, specialized in the sector Commerce de gros (commerce interentreprises) de parfumerie et de produits de beauté. Based in ALLAUCH (13190), this company of category PME shows in 2024 a revenue of 57.9 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 - INTERNATIONAL EXPRESS SERVICE (SIREN 391647971)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 57 894 019 € 52 274 579 € 44 418 343 € 32 982 915 € 24 681 722 € 28 496 325 € 27 800 319 € 23 918 220 € 19 346 206 €
Net income 2 054 600 € 1 924 853 € 2 498 600 € 1 880 102 € 1 082 527 € 1 665 360 € 3 029 664 € 1 335 193 € 1 063 528 €
EBITDA 3 120 061 € 2 922 445 € 3 532 843 € 2 626 275 € 1 553 378 € 2 537 963 € 4 521 181 € 1 989 261 € 1 643 358 €
Net margin 3.5% 3.7% 5.6% 5.7% 4.4% 5.8% 10.9% 5.6% 5.5%

Revenue and income statement

In 2024, INTERNATIONAL EXPRESS SERVICE achieves revenue of 57.9 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +14.7%. Vs 2023, growth of +11% (52.3 M€ -> 57.9 M€). After deducting consumption (47.4 M€), gross margin stands at 10.5 M€, i.e. a rate of 18%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.1 M€, representing 5.4% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.1 M€, i.e. 3.5% 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

57 894 019 €

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

10 457 263 €

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

3 120 061 €

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

2 785 317 €

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

2 054 600 €

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

5.4%

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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 14%. 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 42%. 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 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.1% 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

13.649%

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

42.265%

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

4.109%

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

0.587

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

62.4%

Solvency indicators evolution
INTERNATIONAL EXPRESS SERVICE

Sector positioning

Debt ratio
13.65 2024
2022
2023
2024
Q1: 0.0
Med: 8.39
Q3: 53.18
Average

In 2024, the debt ratio of INTERNATIONAL EXPRESS SER... (13.65) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
42.27% 2024
2022
2023
2024
Q1: 6.69%
Med: 30.09%
Q3: 58.97%
Good

In 2024, the financial autonomy of INTERNATIONAL EXPRESS SER... (42.3%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
0.59 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 1.32 years
Average

In 2024, the repayment capacity of INTERNATIONAL EXPRESS SER... (0.59) 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 173.05. 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 1.8x. Coverage is limited: any activity downturn would jeopardize interest payments.

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

173.054

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

1.753

Liquidity indicators evolution
INTERNATIONAL EXPRESS SERVICE

Sector positioning

Liquidity ratio
173.05 2024
2022
2023
2024
Q1: 124.88
Med: 209.33
Q3: 380.42
Average -5 pts over 3 years

In 2024, the liquidity ratio of INTERNATIONAL EXPRESS SER... (173.05) 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
1.75x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 6.4x
Good

In 2024, the interest coverage of INTERNATIONAL EXPRESS SER... (1.8x) 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: 64 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 72 days. Favorable situation: supplier credit is longer than customer credit by 8 days. Inventory turnover is 46 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 118 days of revenue, i.e. 19.0 M€ to permanently finance. Over 2016-2024, WCR increased by +209%, requiring additional financing.

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

18 980 554 €

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

64 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

72 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

46 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

118 j

WCR and payment terms evolution
INTERNATIONAL EXPRESS SERVICE

Positioning of INTERNATIONAL EXPRESS SERVICE in its sector

Comparison with sector Commerce de gros (commerce interentreprises) de parfumerie et de produits de beauté

Valuation estimate

Based on 64 transactions of similar company sales (all years), the value of INTERNATIONAL EXPRESS SERVICE is estimated at 11 053 915 € (range 6 606 492€ - 32 846 048€). With an EBITDA of 3 120 061€, the sector multiple of 2.4x 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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
64 tx
6606k€ 11053k€ 32846k€
11 053 915 € Range: 6 606 492€ - 32 846 048€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
3 120 061 € × 2.4x
Estimation 7 378 010 €
3 639 725€ - 34 708 416€
Revenue Multiple 30%
57 894 019 € × 0.38x
Estimation 22 081 496 €
14 678 589€ - 35 571 560€
Net Income Multiple 20%
2 054 600 € × 1.8x
Estimation 3 702 311 €
1 915 269€ - 24 101 861€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 64 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 (Commerce de gros (commerce interentreprises) de parfumerie et de produits de beauté)

Compare INTERNATIONAL EXPRESS SERVICE with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) de parfumerie et de produits de beauté

Frequently asked questions about INTERNATIONAL EXPRESS SERVICE

What is the revenue of INTERNATIONAL EXPRESS SERVICE ?

The revenue of INTERNATIONAL EXPRESS SERVICE in 2024 is 57.9 M€.

Is INTERNATIONAL EXPRESS SERVICE profitable?

Yes, INTERNATIONAL EXPRESS SERVICE generated a net profit of 2.1 M€ in 2024.

Where is the headquarters of INTERNATIONAL EXPRESS SERVICE ?

The headquarters of INTERNATIONAL EXPRESS SERVICE is located in ALLAUCH (13190), in the department Bouches-du-Rhone.

Where to find the tax return of INTERNATIONAL EXPRESS SERVICE ?

The tax return of INTERNATIONAL EXPRESS SERVICE 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 INTERNATIONAL EXPRESS SERVICE operate?

INTERNATIONAL EXPRESS SERVICE operates in the sector Commerce de gros (commerce interentreprises) de parfumerie et de produits de beauté (NAF code 46.45Z). See the 'Sector positioning' section above to compare the company with its competitors.