LES PARFUMERIES FRAGONARD : revenue, balance sheet and financial ratios

LES PARFUMERIES FRAGONARD is a French company founded 30 years ago, specialized in the sector Fabrication de parfums et de produits pour la toilette. Based in GRASSE (06130), this company of category ETI shows in 2019 a revenue of 65.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - LES PARFUMERIES FRAGONARD (SIREN 403394018)
Indicator 2019 2018 2017 2016
Revenue 65 926 032 € 62 840 504 € 57 696 337 € 52 699 206 €
Net income 12 128 722 € 10 980 083 € 10 329 086 € 12 553 908 €
EBITDA 19 585 010 € 19 903 438 € 17 266 822 € 15 026 813 €
Net margin 18.4% 17.5% 17.9% 23.8%

Revenue and income statement

In 2019, LES PARFUMERIES FRAGONARD achieves revenue of 65.9 M€. Over the period 2016-2019, the company shows strong growth with a CAGR (compound annual growth rate) of +7.8%. Vs 2018: +5%. After deducting consumption (16.4 M€), gross margin stands at 49.5 M€, i.e. a rate of 75%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 19.6 M€, representing 29.7% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 12.1 M€, i.e. 18.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

65 926 032 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

49 528 622 €

EBITDA (2019) ?
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

19 585 010 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

18 868 114 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

12 128 722 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

29.7%

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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 0%. 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 90%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 21.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.064%

Financial autonomy (2019) ?
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

90.183%

Cash flow / Revenue (2019) ?
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

21.24%

Repayment capacity (2019) ?
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

0.004

Asset age ratio (2019) ?
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

65.6%

Solvency indicators evolution
LES PARFUMERIES FRAGONARD

Sector positioning

Debt ratio
0.06 2019
2017
2018
2019
Q1: 0.06
Med: 20.19
Q3: 76.35
Excellent

In 2019, the debt ratio of LES PARFUMERIES FRAGONARD (0.06) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
90.18% 2019
2017
2018
2019
Q1: 15.09%
Med: 40.29%
Q3: 60.88%
Excellent

In 2019, the financial autonomy of LES PARFUMERIES FRAGONARD (90.2%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.0 years 2019
2017
2018
2019
Q1: 0.0 years
Med: 0.12 years
Q3: 2.07 years
Good -6 pts over 3 years

In 2019, the repayment capacity of LES PARFUMERIES FRAGONARD (0.00) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 664.29. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2019) ?
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

664.295

Interest coverage (2019) ?
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

0.109

Liquidity indicators evolution
LES PARFUMERIES FRAGONARD

Sector positioning

Liquidity ratio
664.29 2019
2017
2018
2019
Q1: 132.46
Med: 205.29
Q3: 352.48
Excellent

In 2019, the liquidity ratio of LES PARFUMERIES FRAGONARD (664.29) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
0.11x 2019
2017
2018
2019
Q1: 0.0x
Med: 0.52x
Q3: 3.61x
Average

In 2019, the interest coverage of LES PARFUMERIES FRAGONARD (0.1x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 18 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 37 days. Favorable situation: supplier credit is longer than customer credit by 19 days. Inventory turnover is 34 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 114 days of revenue, i.e. 20.8 M€ to permanently finance. Over 2016-2019, WCR increased by +70%, requiring additional financing.

Operating WCR (2019) ?
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

20 785 159 €

Customer credit (2019) ?
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

18 j

Supplier credit (2019) ?
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

37 j

Inventory turnover (2019) ?
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

34 j

WCR in days of revenue (2019) ?
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

114 j

WCR and payment terms evolution
LES PARFUMERIES FRAGONARD

Positioning of LES PARFUMERIES FRAGONARD in its sector

Comparison with sector Fabrication de parfums et de produits pour la toilette

Valuation estimate

Based on 74 transactions of similar company sales (all years), the value of LES PARFUMERIES FRAGONARD is estimated at 9 597 930 € (range 3 859 254€ - 29 333 869€). With an EBITDA of 19 585 010€, the sector multiple of 0.6x is applied. The price/revenue ratio is 0.11x (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 2019
74 tx
3859k€ 9597k€ 29333k€
9 597 930 € Range: 3 859 254€ - 29 333 869€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
19 585 010 € × 0.6x
Estimation 12 241 136 €
3 708 503€ - 28 228 441€
Revenue Multiple 30%
65 926 032 € × 0.11x
Estimation 7 241 595 €
4 725 757€ - 16 475 714€
Net Income Multiple 20%
12 128 722 € × 0.5x
Estimation 6 524 421 €
2 936 381€ - 51 384 674€
How is this estimate calculated?

This estimate is based on the analysis of 74 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 (Fabrication de parfums et de produits pour la toilette)

Compare LES PARFUMERIES FRAGONARD with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de parfums et de produits pour la toilette

Frequently asked questions about LES PARFUMERIES FRAGONARD

What is the revenue of LES PARFUMERIES FRAGONARD ?

The revenue of LES PARFUMERIES FRAGONARD in 2019 is 65.9 M€.

Is LES PARFUMERIES FRAGONARD profitable?

Yes, LES PARFUMERIES FRAGONARD generated a net profit of 12.1 M€ in 2019.

Where is the headquarters of LES PARFUMERIES FRAGONARD ?

The headquarters of LES PARFUMERIES FRAGONARD is located in GRASSE (06130), in the department Alpes-Maritimes.

Where to find the tax return of LES PARFUMERIES FRAGONARD ?

The tax return of LES PARFUMERIES FRAGONARD 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 LES PARFUMERIES FRAGONARD operate?

LES PARFUMERIES FRAGONARD operates in the sector Fabrication de parfums et de produits pour la toilette (NAF code 20.42Z). See the 'Sector positioning' section above to compare the company with its competitors.