LA BOUCHERIE GROUPE MORGALEX : revenue, balance sheet and financial ratios

In 2024, LA BOUCHERIE GROUPE MORGALEX achieves revenue of 780 k€. Revenue is growing positively over 9 years (CAGR: +4.3%). Significant drop of -13% vs 2023. After deducting consumption (0 €), gross margin stands at 780 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 22 k€, representing 2.8% of revenue. Positive scissor effect: EBITDA margin improves by +4.0 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -26 k€ (-3.3% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 12%. 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 84%. 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 21.2 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 10.1% 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 287.87. 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 369.1x. 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: 138 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 641 days. Excellent situation: suppliers finance 503 days of the operating cycle (retail model). Overall, WCR represents 1190 days of revenue, i.e. 2.6 M€ to permanently finance. Over 2016-2024, WCR increased by +54605%, requiring additional financing.

Based on 54 transactions of similar company sales in 2024, the value of LA BOUCHERIE GROUPE MORGALEX is estimated at 238 521 € (range 118 363€ - 318 995€). With an EBITDA of 21 938€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.59x (in line with sector norms). 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.