SAEBI ARMOR ELECTRI BATI INDUS : revenue, balance sheet and financial ratios

In 2025, SAEBI ARMOR ELECTRI BATI INDUS achieves revenue of 1.1 M€. Revenue is declining over the period 2017-2025 (CAGR: -6.9%). Significant drop of -50% vs 2024. After deducting consumption (585 k€), gross margin stands at 520 k€, i.e. a rate of 47%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 37 k€, representing 3.3% of revenue. Warning negative scissor effect: despite revenue change (-50%), EBITDA varies by -76%, reducing margin by 3.6 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -25 k€ (-2.3% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 322%. 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 10%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

The liquidity ratio (= Current assets / Current liabilities) stands at 159.47. 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 115.3x. 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: 163 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 89 days. The gap of 74 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 333 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 180 days of revenue, i.e. 552 k€ to permanently finance. Notable WCR improvement over the period (-70%), freeing up cash.

Based on 283 transactions of similar company sales (all years), the value of SAEBI ARMOR ELECTRI BATI INDUS is estimated at 98 433 € (range 53 835€ - 228 719€). With an EBITDA of 36 870€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.18x (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.