MAYOTTE PLASTIQUE DISTRIBUTION : revenue, balance sheet and financial ratios

In 2024, MAYOTTE PLASTIQUE DISTRIBUTION achieves revenue of 2.8 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +7.4%. Vs 2023: +6%. After deducting consumption (1.8 M€), gross margin stands at 995 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 424 k€, representing 14.9% of revenue. Positive scissor effect: EBITDA margin improves by +8.8 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 189 k€, i.e. 6.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 28%. 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 44%. 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 2.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.7% 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 223.24. 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 2.7x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 72 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 96 days. Favorable situation: supplier credit is longer than customer credit by 24 days. Inventory turnover is 172 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 216 days of revenue, i.e. 1.7 M€ to permanently finance. Over 2017-2024, WCR increased by +322%, requiring additional financing.

Based on 117 transactions of similar company sales in 2024, the value of MAYOTTE PLASTIQUE DISTRIBUTION is estimated at 1 385 600 € (range 880 453€ - 2 544 318€). With an EBITDA of 423 875€, the sector multiple of 4.0x is applied. The price/revenue ratio is 0.53x (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.