SAS BARS ET RESTAURANTS AEROPORT LYON ST EXUPERY : revenue, balance sheet and financial ratios

In 2024, SAS BARS ET RESTAURANTS AEROPORT LYON ST EXUPERY achieves revenue of 16.8 M€. Revenue is growing positively over 9 years (CAGR: +0.2%). Vs 2023, growth of +16% (14.5 M€ -> 16.8 M€). After deducting consumption (3.5 M€), gross margin stands at 13.3 M€, i.e. a rate of 79%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 6.0 M€, representing 35.5% of revenue. Warning negative scissor effect: despite revenue change (+16%), EBITDA varies by +9%, reducing margin by 2.4 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 1.2 M€, i.e. 7.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 114%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 31%. 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 6.9% 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 226.40. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 10 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 87 days. Excellent situation: suppliers finance 77 days of the operating cycle (retail model). Inventory turnover is 4 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 142 days of revenue, i.e. 6.7 M€ to permanently finance. Over 2016-2024, WCR increased by +331%, requiring additional financing.

Based on 698 transactions of similar company sales in 2024, the value of SAS BARS ET RESTAURANTS AEROPORT LYON ST EXUPERY is estimated at 20 658 672 € (range 10 441 836€ - 39 698 028€). With an EBITDA of 5 969 590€, the sector multiple of 5.4x is applied. The price/revenue ratio is 0.57x (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.