SARL LES TI'FUMES DE CLEMENT : revenue, balance sheet and financial ratios

In 2020, SARL LES TI'FUMES DE CLEMENT achieves revenue of 84 k€. Over the period 2018-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +17.7%. Vs 2019, growth of +17% (71 k€ -> 84 k€). After deducting consumption (34 k€), gross margin stands at 49 k€, i.e. a rate of 59%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 22 k€, representing 26.2% of revenue. Warning negative scissor effect: despite revenue change (+17%), EBITDA varies by -27%, reducing margin by 15.8 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 9 k€, i.e. 10.2% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 85%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 50%. 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 2.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 21.5% 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 452.98. 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 3.1x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 9 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 6 days. The company must finance 3 days of gap between collections and payments. Inventory turnover is 14 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 20 days of revenue, i.e. 5 k€ to permanently finance. Notable WCR improvement over the period (-29%), freeing up cash.

Based on 211 transactions of similar company sales in 2020, the value of SARL LES TI'FUMES DE CLEMENT is estimated at 92 859 € (range 54 073€ - 149 300€). With an EBITDA of 21 888€, the sector multiple of 5.8x is applied. The price/revenue ratio is 0.66x (in line with sector norms). 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.