SALVA ROUSSEAU AUTOMOBILE : revenue, balance sheet and financial ratios

In 2024, SALVA ROUSSEAU AUTOMOBILE achieves revenue of 9.6 M€. Revenue is growing positively over 9 years (CAGR: +2.8%). Vs 2023: +9%. After deducting consumption (285 k€), gross margin stands at 9.3 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.9 M€, representing 30.7% of revenue. Warning negative scissor effect: despite revenue change (+9%), EBITDA varies by +1%, reducing margin by 2.5 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 437 k€, i.e. 4.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 49%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 55%. 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 2.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 24.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 107.27. 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 11.2x. 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: 51 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 211 days. Excellent situation: suppliers finance 160 days of the operating cycle (retail model). WCR is negative (-81 days): operations structurally generate cash. Notable WCR improvement over the period (-2036%), freeing up cash.

Based on 276 transactions of similar company sales (all years), the value of SALVA ROUSSEAU AUTOMOBILE is estimated at 25 327 580 € (range 5 160 698€ - 35 760 704€). With an EBITDA of 2 938 529€, the sector multiple of 11.9x is applied. The price/revenue ratio is 2.33x (premium 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.