SIREN : 333985224
S P I is a French company founded 40 years ago, specialized in the sector Activités de conditionnement. Based in SAINT-VULBAS (01150), this company of category ETI shows in 2024 a revenue of 82.8 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 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 82 833 809 € | 94 326 466 € | 76 112 164 € | 71 531 486 € | 68 160 553 € | 64 530 857 € | 63 200 089 € |
| Net income | 2 433 226 € | 3 508 045 € | 3 323 338 € | 3 748 786 € | 3 041 719 € | 2 585 179 € | 3 556 730 € |
| EBITDA | 6 718 987 € | 8 608 272 € | 8 614 524 € | 8 295 873 € | 8 155 579 € | 7 218 277 € | 7 999 904 € |
| Net margin | 2.9% | 3.7% | 4.4% | 5.2% | 4.5% | 4.0% | 5.6% |
In 2024, S P I achieves revenue of 82.8 M€. Revenue is growing positively over 7 years (CAGR: +3.9%). Significant drop of -12% vs 2023. After deducting consumption (33.2 M€), gross margin stands at 49.6 M€, i.e. a rate of 60%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 6.7 M€, representing 8.1% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.4 M€, i.e. 2.9% of revenue. This profit can be retained or distributed to shareholders.
82 833 809 €
49 614 216 €
6 718 987 €
3 448 129 €
2 433 226 €
8.1%
The debt ratio (= Financial debt / Equity x 100) stands at 26%. 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 47%. 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 0.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
26.148%
47.191%
6.651%
0.909
16.1%
In 2024, the debt ratio of S P I (26.15) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of S P I (47.2%) 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 S P I (0.91) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.
The liquidity ratio (= Current assets / Current liabilities) stands at 187.05. 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 5.8x. Operating income very largely covers interest expenses: high safety margin.
187.05
5.822
In 2024, the liquidity ratio of S P I (187.05) 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 S P I (5.8x) 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: 41 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 59 days. Favorable situation: supplier credit is longer than customer credit by 18 days. Inventory turnover is 24 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 74 days of revenue, i.e. 17.1 M€ to permanently finance.
17 061 280 €
41 j
59 j
24 j
74 j
Based on 158 transactions of similar company sales (all years), the value of S P I is estimated at 21 652 669 € (range 8 680 933€ - 47 035 583€). With an EBITDA of 6 718 987€, the sector multiple of 3.3x is applied. The price/revenue ratio is 0.36x (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.
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This estimate is based on the analysis of 158 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 S P I with other companies in the same sector:
Voir toutes les statistiques du secteur Activités de conditionnement
The revenue of S P I in 2024 is 82.8 M€.
Yes, S P I generated a net profit of 2.4 M€ in 2024.
The headquarters of S P I is located in SAINT-VULBAS (01150), in the department Ain.
The tax return of S P I 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).
S P I operates in the sector Activités de conditionnement (NAF code 82.92Z). See the 'Sector positioning' section above to compare the company with its competitors.