OFFICE REGIONAL PHARMACEUTIQUE D'INTERET ECONOMIQUE : revenue, balance sheet and financial ratios

In 2024, OFFICE REGIONAL PHARMACEUTIQUE D'INTERET ECONOMIQUE achieves revenue of 830 k€. Revenue is growing positively over 9 years (CAGR: +2.2%). Significant drop of -12% vs 2023. After deducting consumption (8 k€), gross margin stands at 822 k€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 249 k€, representing 30.0% of revenue. Warning negative scissor effect: despite revenue change (-12%), EBITDA varies by -52%, reducing margin by 24.7 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 196 k€, i.e. 23.7% of revenue. This profit can be retained or distributed to shareholders.

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 63%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 23.6% 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 270.69. 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: 154 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 87 days. The gap of 67 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 149 days of revenue, i.e. 342 k€ to permanently finance.

Based on 131 transactions of similar company sales (all years), the value of OFFICE REGIONAL PHARMACEUTIQUE D'INTERET ECONOMIQUE is estimated at 821 494 € (range 264 205€ - 1 587 525€). With an EBITDA of 248 524€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.36x (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.