REPUBLIC TECHNOLOGIES (INTERNATIONAL)SAS : revenue, balance sheet and financial ratios

In 2024, REPUBLIC TECHNOLOGIES (INTERNATIONAL)SAS achieves revenue of 296.2 M€. Revenue is growing positively over 7 years (CAGR: +4.3%). Vs 2023: +1%. After deducting consumption (200.0 M€), gross margin stands at 96.2 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 80.2 M€, representing 27.1% of 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 69.1 M€, i.e. 23.3% 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 50%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 23.8% 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 140.55. 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 11.5x. 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: 41 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 74 days. Excellent situation: suppliers finance 33 days of the operating cycle (retail model). Inventory turnover is 3 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-86 days): operations structurally generate cash. Notable WCR improvement over the period (-1670%), freeing up cash.

Based on 145 transactions of similar company sales (all years), the value of REPUBLIC TECHNOLOGIES (INTERNATIONAL)SAS is estimated at 167 390 514 € (range 56 808 592€ - 419 123 848€). With an EBITDA of 80 178 462€, 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.