MERCERON CARRIERES EXPLOITATION : revenue, balance sheet and financial ratios

In 2025, MERCERON CARRIERES EXPLOITATION achieves revenue of 6.3 M€. Over the period 2019-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +12.7%. Slight decline of -1% vs 2024. After deducting consumption (1.1 M€), gross margin stands at 5.3 M€, i.e. a rate of 83%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 669 k€, representing 10.6% of revenue. Warning negative scissor effect: despite revenue change (-1%), EBITDA varies by -30%, reducing margin by 4.4 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 323 k€, i.e. 5.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 12%. 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 67%. 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 0.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 10.7% 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 275.66. 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 0.5x. 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: 51 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 68 days. Favorable situation: supplier credit is longer than customer credit by 17 days. Inventory turnover is 72 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 132 days of revenue, i.e. 2.3 M€ to permanently finance. Over 2019-2025, WCR increased by +45%, requiring additional financing.

Based on 110 transactions of similar company sales (all years), the value of MERCERON CARRIERES EXPLOITATION is estimated at 923 464 € (range 327 241€ - 4 099 741€). With an EBITDA of 669 359€, the sector multiple of 1.5x is applied. The price/revenue ratio is 0.17x (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.