SIREN : 322777236
PIGEON TP is a French company founded 44 years ago, specialized in the sector Construction de routes et autoroutes. Based in ARGENTRE-DU-PLESSIS (35370), this company of category ETI shows in 2024 a revenue of 34.7 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34 673 981 € | 34 484 755 € | 29 942 225 € | 30 400 836 € | 30 405 408 € | 27 795 279 € | 28 304 245 € | 28 148 316 € |
| Net income | 1 385 351 € | 659 902 € | 269 701 € | 883 850 € | 306 209 € | 234 515 € | -3 371 € | 33 394 € |
| EBITDA | 1 472 806 € | 1 133 766 € | 827 643 € | 1 547 127 € | 972 286 € | 891 886 € | 686 406 € | 775 767 € |
| Net margin | 4.0% | 1.9% | 0.9% | 2.9% | 1.0% | 0.8% | -0.0% | 0.1% |
In 2024, PIGEON TP achieves revenue of 34.7 M€. Revenue is growing positively over 8 years (CAGR: +3.0%). Vs 2023: +1%. After deducting consumption (10.2 M€), gross margin stands at 24.5 M€, i.e. a rate of 71%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.5 M€, representing 4.2% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.4 M€, i.e. 4.0% of revenue. This profit can be retained or distributed to shareholders.
34 673 981 €
24 500 005 €
1 472 806 €
512 731 €
1 385 351 €
4.2%
The debt ratio (= Financial debt / Equity x 100) stands at 1%. 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 42%. 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 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
1.395%
42.475%
3.452%
0.113
14.4%
In 2024, the debt ratio of PIGEON TP (1.40) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2024, the financial autonomy of PIGEON TP (42.5%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2024, the repayment capacity of PIGEON TP (0.11) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.
The liquidity ratio (= Current assets / Current liabilities) stands at 243.19. 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 1.2x. Coverage is limited: any activity downturn would jeopardize interest payments.
243.194
1.202
In 2024, the liquidity ratio of PIGEON TP (243.19) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.
In 2024, the interest coverage of PIGEON TP (1.2x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 79 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 86 days. Favorable situation: supplier credit is longer than customer credit by 7 days. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 159 days of revenue, i.e. 15.3 M€ to permanently finance. Over 2017-2024, WCR increased by +54%, requiring additional financing.
15 326 246 €
79 j
86 j
1 j
159 j
Based on 67 transactions of similar company sales
(all years),
the value of PIGEON TP is estimated at
1 903 680 €
(range 1 177 336€ - 5 051 709€).
With an EBITDA of 1 472 806€, the sector multiple of 0.6x is applied.
The price/revenue ratio is 0.13x
(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.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 67 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare PIGEON TP with other companies in the same sector:
Voir toutes les statistiques du secteur Construction de routes et autoroutes
The revenue of PIGEON TP in 2024 is 34.7 M€.
Yes, PIGEON TP generated a net profit of 1.4 M€ in 2024.
The headquarters of PIGEON TP is located in ARGENTRE-DU-PLESSIS (35370), in the department Ille-et-Vilaine.
The tax return of PIGEON TP is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).
PIGEON TP operates in the sector Construction de routes et autoroutes (NAF code 42.11Z). See the 'Sector positioning' section above to compare the company with its competitors.