SABON FRANCE : revenue, balance sheet and financial ratios

In 2024, SABON FRANCE achieves revenue of 4.2 M€. Revenue is growing positively over 9 years (CAGR: +4.0%). Significant drop of -16% vs 2023. After deducting consumption (1.3 M€), gross margin stands at 2.9 M€, i.e. a rate of 69%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -2.4 M€, representing -57.1% of revenue. Warning negative scissor effect: despite revenue change (-16%), EBITDA varies by +12%, reducing margin by 2.3 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -598 k€ (-14.2% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -1446%. 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 -5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 21.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 214.71. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 70 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 39 days. The gap of 31 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 60 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 125 days of revenue, i.e. 1.5 M€ to permanently finance. Over 2015-2024, WCR increased by +48%, requiring additional financing.

Based on 132 transactions of similar company sales (all years), the value of SABON FRANCE is estimated at 1 466 203 € (range 979 807€ - 2 642 540€). The price/revenue ratio is 0.35x (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.