SNC RUEIL LES FONTAINES : revenue, balance sheet and financial ratios

In 2024, SNC RUEIL LES FONTAINES achieves revenue of 17.3 M€. Revenue is declining over the period 2016-2024 (CAGR: -8.4%). Vs 2023, growth of +80% (9.6 M€ -> 17.3 M€). After deducting consumption (999 k€), gross margin stands at 16.3 M€, i.e. a rate of 94%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 445 k€, representing 2.6% of revenue. Warning negative scissor effect: despite revenue change (+80%), EBITDA varies by -80%, reducing margin by 20.6 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 310 k€, i.e. 1.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 3452%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 1%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 40.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 142.80. 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 78.5x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 96 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 191 days. Excellent situation: suppliers finance 95 days of the operating cycle (retail model). Inventory turnover is 720 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 372 days of revenue, i.e. 17.9 M€ to permanently finance. Over 2016-2024, WCR increased by +276%, requiring additional financing.

Based on 80 transactions of similar company sales (all years), the value of SNC RUEIL LES FONTAINES is estimated at 1 819 754 € (range 659 147€ - 4 647 925€). With an EBITDA of 444 765€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.28x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.