SARL HORTICOLE LANSON : revenue, balance sheet and financial ratios

In 2024, SARL HORTICOLE LANSON achieves revenue of 860 k€. Revenue is growing positively over 9 years (CAGR: +3.3%). Vs 2023: +7%. After deducting consumption (455 k€), gross margin stands at 405 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 23 k€, representing 2.7% of revenue. Warning negative scissor effect: despite revenue change (+7%), EBITDA varies by -40%, reducing margin by 2.0 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 41 k€, i.e. 4.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 196%. 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 21%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.2 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 5.5% 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 136.04. 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 12.9x. 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: 17 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 37 days. Favorable situation: supplier credit is longer than customer credit by 20 days. Inventory turnover is 76 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 81 days of revenue, i.e. 194 k€ to permanently finance. Over 2016-2024, WCR increased by +30%, requiring additional financing.

Based on 138 transactions of similar company sales (all years), the value of SARL HORTICOLE LANSON is estimated at 165 737 € (range 58 284€ - 303 966€). With an EBITDA of 23 110€, the sector multiple of 3.3x is applied. The price/revenue ratio is 0.41x (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.