SCIENCE ME UP : revenue, balance sheet and financial ratios

In 2023, SCIENCE ME UP achieves revenue of 928 k€. Over the period 2017-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +148.2%. Vs 2022, growth of +38% (672 k€ -> 928 k€). After deducting consumption (0 €), gross margin stands at 928 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 222 k€, representing 23.9% of revenue. Warning negative scissor effect: despite revenue change (+38%), EBITDA varies by -11%, reducing margin by 13.4 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 95 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 -734%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches -8%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 13.5% 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 204.52. 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 2.6x. 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: 187 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 13 days. The gap of 174 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 65 days of revenue, i.e. 167 k€ to permanently finance. Over 2017-2023, WCR increased by +4815%, requiring additional financing.

Based on 147 transactions of similar company sales (all years), the value of SCIENCE ME UP is estimated at 283 777 € (range 142 865€ - 628 509€). With an EBITDA of 221 826€, the sector multiple of 2.0x is applied. The price/revenue ratio is 0.08x (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.