SAS DELVIGNE-MAGNIER : revenue, balance sheet and financial ratios

In 2025, SAS DELVIGNE-MAGNIER achieves revenue of 2.5 M€. Activity remains stable over the period (CAGR: -1.3%). Vs 2024: +5%. After deducting consumption (1.0 M€), gross margin stands at 1.4 M€, i.e. a rate of 59%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -25 k€, representing -1.0% of revenue. Warning negative scissor effect: despite revenue change (+5%), EBITDA varies by -134%, reducing margin by 4.2 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 240 k€, i.e. 9.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 65%. Debt remains under control: the company retains capacity to raise new debt if needed. 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 17.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 4.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 226.94. 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: 149 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 139 days. The company must finance 10 days of gap between collections and payments. Inventory turnover is 125 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 402 days of revenue, i.e. 2.7 M€ to permanently finance. Over 2016-2025, WCR increased by +29%, requiring additional financing.

Based on 138 transactions of similar company sales (all years), the value of SAS DELVIGNE-MAGNIER is estimated at 843 714 € (range 311 652€ - 1 799 800€). 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.