LE BOIS D'AUJOURD'HUI : revenue, balance sheet and financial ratios

In 2022, LE BOIS D'AUJOURD'HUI achieves revenue of 190 k€. Over the period 2020-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +48.3%. Vs 2021, growth of +77% (107 k€ -> 190 k€). After deducting consumption (123 k€), gross margin stands at 67 k€, i.e. a rate of 35%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 25 k€, representing 12.9% of revenue. Warning negative scissor effect: despite revenue change (+77%), EBITDA varies by +1%, reducing margin by 9.6 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 17 k€, i.e. 8.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 22%. 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 8%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 12.9% 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 40.29. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 3 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 44 days. Excellent situation: suppliers finance 41 days of the operating cycle (retail model). Inventory turnover is 140 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. WCR is negative (-224 days): operations structurally generate cash. Notable WCR improvement over the period (-31%), freeing up cash.

Based on 109 transactions of similar company sales in 2022, the value of LE BOIS D'AUJOURD'HUI is estimated at 59 462 € (range 36 240€ - 115 392€). With an EBITDA of 24 534€, the sector multiple of 1.8x is applied. The price/revenue ratio is 0.48x (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.