SEEM SOCIETE D'EXPLOITATION DES ETABLISSEMENTS MOUTON : revenue, balance sheet and financial ratios

In 2024, SEEM SOCIETE D'EXPLOITATION DES ETABLISSEMENTS MOUTON achieves revenue of 153 k€. Revenue is growing positively over 9 years (CAGR: +1.3%). Vs 2023: +0%. After deducting consumption (25 k€), gross margin stands at 128 k€, i.e. a rate of 83%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 24 k€, representing 15.8% of revenue. Warning negative scissor effect: despite revenue change (+0%), EBITDA varies by -49%, reducing margin by 15.3 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 19 k€, i.e. 12.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 39%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 25%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 16.4% 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 440.56. 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 0.5x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 93 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 20 days. The gap of 73 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 37 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 110 days of revenue, i.e. 47 k€ to permanently finance. Over 2016-2024, WCR increased by +488%, requiring additional financing.

Based on 104 transactions of similar company sales (all years), the value of SEEM SOCIETE D'EXPLOITATION DES ETABLISSEMENTS MOUTON is estimated at 29 802 € (range 18 475€ - 90 015€). With an EBITDA of 24 186€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.27x (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.