SMITH & SMITH CHARACTERS : revenue, balance sheet and financial ratios

SMITH & SMITH CHARACTERS is a French company founded 26 years ago, specialized in the sector Autre mise à disposition de ressources humaines. Based in PARIS (75002), this company of category PME shows in 2023 a revenue of 1.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - SMITH & SMITH CHARACTERS (SIREN 423364546)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 890 400 € 2 102 209 € 1 975 093 € 1 453 639 € 1 659 742 € 1 746 022 € 1 493 420 € 1 327 114 €
Net income 34 421 € 86 809 € 106 952 € 57 555 € 46 243 € 113 882 € 83 193 € 54 989 €
EBITDA 677 953 € 797 080 € 789 761 € 561 986 € 681 248 € 800 964 € 677 229 € 600 785 €
Net margin 1.8% 4.1% 5.4% 4.0% 2.8% 6.5% 5.6% 4.1%

Revenue and income statement

In 2023, SMITH & SMITH CHARACTERS achieves revenue of 1.9 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +5.2%. Significant drop of -10% vs 2022. After deducting consumption (0 €), gross margin stands at 1.9 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 678 k€, representing 35.9% of revenue. Warning negative scissor effect: despite revenue change (-10%), EBITDA varies by -15%, reducing margin by 2.1 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 34 k€, i.e. 1.8% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 890 400 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 890 400 €

EBITDA (2023) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

677 953 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

46 674 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

34 421 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

35.9%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 68%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 15%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

67.883%

Financial autonomy (2023) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

14.7%

Cash flow / Revenue (2023) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

3.786%

Repayment capacity (2023) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.938

Asset age ratio (2023) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

72.9%

Solvency indicators evolution
SMITH & SMITH CHARACTERS

Sector positioning

Debt ratio
67.88 2023
2021
2022
2023
Q1: 0.0
Med: 3.73
Q3: 62.55
Average

In 2023, the debt ratio of SMITH & SMITH CHARACTERS (67.88) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
14.7% 2023
2021
2022
2023
Q1: 2.97%
Med: 27.33%
Q3: 56.37%
Average

In 2023, the financial autonomy of SMITH & SMITH CHARACTERS (14.7%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.94 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 1.89 years
Average -13 pts over 3 years

In 2023, the repayment capacity of SMITH & SMITH CHARACTERS (0.94) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 115.66. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2023) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

115.655

Interest coverage (2023) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

0.074

Liquidity indicators evolution
SMITH & SMITH CHARACTERS

Sector positioning

Liquidity ratio
115.66 2023
2021
2022
2023
Q1: 116.34
Med: 189.54
Q3: 353.82
Watch -14 pts over 3 years

In 2023, the liquidity ratio of SMITH & SMITH CHARACTERS (115.66) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
0.07x 2023
2021
2022
2023
Q1: -0.02x
Med: 0.0x
Q3: 2.09x
Good

In 2023, the interest coverage of SMITH & SMITH CHARACTERS (0.1x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 64 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 19 days. The gap of 45 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-17 days): operations structurally generate cash. Notable WCR improvement over the period (-309%), freeing up cash.

Operating WCR (2023) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

-90 115 €

Customer credit (2023) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

64 j

Supplier credit (2023) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

19 j

Inventory turnover (2023) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2023) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

-17 j

WCR and payment terms evolution
SMITH & SMITH CHARACTERS

Positioning of SMITH & SMITH CHARACTERS in its sector

Comparison with sector Autre mise à disposition de ressources humaines

Valuation estimate

Based on 147 transactions of similar company sales (all years), the value of SMITH & SMITH CHARACTERS is estimated at 747 789 € (range 373 047€ - 1 599 106€). With an EBITDA of 677 953€, 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.

Estimated enterprise value 2023
147 transactions
373k€ 747k€ 1599k€
747 789 € Range: 373 047€ - 1 599 106€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
677 953 € × 2.0x
Estimation 1 378 634 €
665 069€ - 2 965 901€
Revenue Multiple 30%
1 890 400 € × 0.08x
Estimation 151 369 €
114 146€ - 259 999€
Net Income Multiple 20%
34 421 € × 1.9x
Estimation 65 310 €
31 348€ - 190 784€
How is this estimate calculated?

This estimate is based on the analysis of 147 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Autre mise à disposition de ressources humaines)

Compare SMITH & SMITH CHARACTERS with other companies in the same sector:

Voir toutes les statistiques du secteur Autre mise à disposition de ressources humaines

Frequently asked questions about SMITH & SMITH CHARACTERS

What is the revenue of SMITH & SMITH CHARACTERS ?

The revenue of SMITH & SMITH CHARACTERS in 2023 is 1.9 M€.

Is SMITH & SMITH CHARACTERS profitable?

Yes, SMITH & SMITH CHARACTERS generated a net profit of 34 k€ in 2023.

Where is the headquarters of SMITH & SMITH CHARACTERS ?

The headquarters of SMITH & SMITH CHARACTERS is located in PARIS (75002), in the department Paris.

Where to find the tax return of SMITH & SMITH CHARACTERS ?

The tax return of SMITH & SMITH CHARACTERS is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does SMITH & SMITH CHARACTERS operate?

SMITH & SMITH CHARACTERS operates in the sector Autre mise à disposition de ressources humaines (NAF code 78.30Z). See the 'Sector positioning' section above to compare the company with its competitors.