OUTSIDE LIVING INDUSTRIES FRANCE : revenue, balance sheet and financial ratios

In 2023, OUTSIDE LIVING INDUSTRIES FRANCE achieves revenue of 25.0 M€. Over the period 2013-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +6.8%. Significant drop of -25% vs 2022. After deducting consumption (17.0 M€), gross margin stands at 8.0 M€, i.e. a rate of 32%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 826 k€, representing 3.3% of revenue. Warning negative scissor effect: despite revenue change (-25%), EBITDA varies by -61%, reducing margin by 3.1 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 585 k€, i.e. 2.3% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 2%. 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 80%. 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 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 562.96. 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 13.2x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 23 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 23 days. Inventory turnover is 105 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 120 days of revenue, i.e. 8.3 M€ to permanently finance. Over 2013-2023, WCR increased by +262%, requiring additional financing.

Based on 145 transactions of similar company sales (all years), the value of OUTSIDE LIVING INDUSTRIES FRANCE is estimated at 2 900 475 € (range 1 277 651€ - 7 380 085€). With an EBITDA of 826 000€, the sector multiple of 2.6x is applied. The price/revenue ratio is 0.19x (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.