LUCIANI & SUTRA ASSURANCES : revenue, balance sheet and financial ratios

In 2024, LUCIANI & SUTRA ASSURANCES achieves revenue of 721 k€. Over the period 2015-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +7.1%. Vs 2023: +3%. After deducting consumption (0 €), gross margin stands at 721 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 136 k€, representing 18.8% of revenue. Warning negative scissor effect: despite revenue change (+3%), EBITDA varies by -52%, reducing margin by 21.6 pts. This reflects costs rising faster than 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 121 k€, i.e. 16.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 33%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 71%. 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 2.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 14.7% 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 204.00. 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 0.9x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 4 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 26 days. Favorable situation: supplier credit is longer than customer credit by 22 days. WCR is negative (-14 days): operations structurally generate cash. Notable WCR improvement over the period (-179%), freeing up cash.

Based on 193 transactions of similar company sales (all years), the value of LUCIANI & SUTRA ASSURANCES is estimated at 343 322 € (range 103 505€ - 1 036 719€). With an EBITDA of 135 662€, the sector multiple of 1.2x is applied. The price/revenue ratio is 0.98x (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.