ROXIM FINANCE SA : revenue, balance sheet and financial ratios

In 2024, ROXIM FINANCE SA achieves revenue of 791 k€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +27.6%. Vs 2023, growth of +120% (359 k€ -> 791 k€). After deducting consumption (0 €), gross margin stands at 791 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 281 k€, representing 35.4% of revenue. Positive scissor effect: EBITDA margin improves by +77.5 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -261 k€ (-33.0% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 341%. 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 22%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 333.5 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 7.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 511.47. 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 249.6x. 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: 4 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 146 days. Excellent situation: suppliers finance 142 days of the operating cycle (retail model). Inventory turnover is 1758 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 491 days of revenue, i.e. 1.1 M€ to permanently finance. Notable WCR improvement over the period (-76%), freeing up cash.

Based on 80 transactions of similar company sales (all years), the value of ROXIM FINANCE SA is estimated at 258 920 € (range 102 491€ - 739 175€). With an EBITDA of 280 502€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.28x (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.