SAIT SUD OUEST : revenue, balance sheet and financial ratios

In 2025, SAIT SUD OUEST achieves revenue of 5.6 M€. Revenue is growing positively over 10 years (CAGR: +3.5%). Significant drop of -23% vs 2024. After deducting consumption (1.4 M€), gross margin stands at 4.2 M€, i.e. a rate of 74%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 426 k€, representing 7.6% of revenue. Warning negative scissor effect: despite revenue change (-23%), EBITDA varies by -64%, reducing margin by 8.6 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 210 k€, i.e. 3.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 18%. 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 41%. 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 6.1% 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 175.74. 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 1.4x. Coverage is limited: any activity downturn would jeopardize interest payments.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 99 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 104 days. Favorable situation: supplier credit is longer than customer credit by 5 days. Inventory turnover is 45 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 142 days of revenue, i.e. 2.2 M€ to permanently finance. Over 2016-2025, WCR increased by +149%, requiring additional financing.

Based on 58 transactions of similar company sales (all years), the value of SAIT SUD OUEST is estimated at 759 118 € (range 510 666€ - 1 559 729€). With an EBITDA of 425 622€, the sector multiple of 1.2x is applied. The price/revenue ratio is 0.20x (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.