PETIT FORESTIER ANTILLES : revenue, balance sheet and financial ratios

In 2024, PETIT FORESTIER ANTILLES achieves revenue of 4.6 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +39.6%. Vs 2023, growth of +10% (4.2 M€ -> 4.6 M€). After deducting consumption (748 k€), gross margin stands at 3.8 M€, i.e. a rate of 84%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.0 M€, representing 44.4% of revenue. Warning negative scissor effect: despite revenue change (+10%), EBITDA varies by +2%, reducing margin by 3.7 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -449 k€ (-9.8% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 1102%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 8%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 4.4 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 40.6% 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 175.33. 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 6.0x. 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: 76 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 58 days. The company must finance 18 days of gap between collections and payments. Inventory turnover is 8 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-130 days): operations structurally generate cash. Notable WCR improvement over the period (-2369%), freeing up cash.

Based on 292 transactions of similar company sales (all years), the value of PETIT FORESTIER ANTILLES is estimated at 15 562 934 € (range 3 705 640€ - 25 731 521€). With an EBITDA of 2 037 489€, the sector multiple of 9.5x is applied. The price/revenue ratio is 2.04x (premium 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.