LA VIDAUBANAISE COOPERATIVE AGRICOLE : revenue, balance sheet and financial ratios

In 2024, LA VIDAUBANAISE COOPERATIVE AGRICOLE achieves revenue of 5.8 M€. Revenue is growing positively over 10 years (CAGR: +3.1%). Vs 2023, growth of +16% (5.0 M€ -> 5.8 M€). After deducting consumption (3.5 M€), gross margin stands at 2.2 M€, i.e. a rate of 38%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 363 k€, representing 6.3% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -51 k€ (-0.9% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 87%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 51%. 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 8.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 5.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 1283.03. 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 7.4x. 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: 59 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 22 days. The gap of 37 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 147 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 219 days of revenue, i.e. 3.5 M€ to permanently finance.

Based on 55 transactions of similar company sales (all years), the value of LA VIDAUBANAISE COOPERATIVE AGRICOLE is estimated at 1 365 427 € (range 714 933€ - 3 347 088€). With an EBITDA of 362 821€, the sector multiple of 2.8x is applied. The price/revenue ratio is 0.34x (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.